MFUL vs. PBL

Last updated Apr 1, 2026

Compare and contrast key facts about Mindful Conservative ETF (MFUL) and PGIM Portfolio Ballast ETF (PBL).

MFUL and PBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFUL is an actively managed fund by Mohr Funds. It was launched on Nov 2, 2021. PBL is an actively managed fund by PGIM. It was launched on Dec 12, 2022.

Performance

MFUL vs. PBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mindful Conservative ETF (MFUL) and PGIM Portfolio Ballast ETF (PBL). The values are adjusted to include any dividend payments, if applicable.

MFUL vs. PBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MFUL Mindful Conservative ETF	-0.53%	4.51%	5.36%	2.24%	0.20%
PBL PGIM Portfolio Ballast ETF	-2.98%	12.35%	16.70%	14.28%	-3.52%

Returns By Period

In the year-to-date period, MFUL achieves a -0.53% return, which is significantly higher than PBL's -2.98% return.

MFUL

• 1D: 0.74%
• 1M: -2.62%
• YTD: -0.53%
• 6M: -0.41%
• 1Y: 3.24%
• 3Y*: 3.76%
• 5Y*: —
• 10Y*: —

PBL

• 1D: 1.41%
• 1M: -3.30%
• YTD: -2.98%
• 6M: -1.20%
• 1Y: 11.71%
• 3Y*: 11.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MFUL vs. PBL - Expense Ratio Comparison

MFUL has a 1.10% expense ratio, which is higher than PBL's 0.45% expense ratio.

MFUL

Mindful Conservative ETF

PBL

PGIM Portfolio Ballast ETF

Return for Risk

MFUL vs. PBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFUL

MFUL Risk / Return Rank: 35
MFUL Sharpe Ratio Rank: 36
MFUL Sortino Ratio Rank: 32
MFUL Omega Ratio Rank: 34
MFUL Calmar Ratio Rank: 36
MFUL Martin Ratio Rank: 36

PBL

PBL Risk / Return Rank: 63
PBL Sharpe Ratio Rank: 58
PBL Sortino Ratio Rank: 59
PBL Omega Ratio Rank: 54
PBL Calmar Ratio Rank: 71
PBL Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MFUL vs. PBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mindful Conservative ETF (MFUL) and PGIM Portfolio Ballast ETF (PBL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MFUL	PBL	Difference
Sharpe ratio Return per unit of total volatility	0.69	1.04	-0.35
Sortino ratio Return per unit of downside risk	0.94	1.55	-0.61
Omega ratio Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	0.94	1.86	-0.92
Martin ratio Return relative to average drawdown	3.33	7.64	-4.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFUL vs. PBL - Sharpe Ratio Comparison

The current MFUL Sharpe Ratio is 0.69, which is lower than the PBL Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of MFUL and PBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MFUL	PBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	1.04	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	1.10	-1.30

Correlation

The correlation between MFUL and PBL is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MFUL vs. PBL - Dividend Comparison

MFUL's dividend yield for the trailing twelve months is around 3.13%, more than PBL's 2.28% yield.

	TTM	2025	2024	2023	2022
MFUL Mindful Conservative ETF	3.13%	3.31%	2.59%	5.00%	0.29%
PBL PGIM Portfolio Ballast ETF	2.28%	2.21%	6.89%	7.92%	0.16%

Drawdowns

MFUL vs. PBL - Drawdown Comparison

The maximum MFUL drawdown since its inception was -16.41%, which is greater than PBL's maximum drawdown of -11.69%. Use the drawdown chart below to compare losses from any high point for MFUL and PBL.

Drawdown Indicators

	MFUL	PBL	Difference
Max Drawdown Largest peak-to-trough decline	-16.41%	-11.69%	-4.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.77%	-6.63%	+2.86%
Current Drawdown Current decline from peak	-4.13%	-4.49%	+0.36%
Average Drawdown Average peak-to-trough decline	-9.80%	-1.69%	-8.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.61%	-0.55%

Volatility

MFUL vs. PBL - Volatility Comparison

The current volatility for Mindful Conservative ETF (MFUL) is 1.89%, while PGIM Portfolio Ballast ETF (PBL) has a volatility of 3.20%. This indicates that MFUL experiences smaller price fluctuations and is considered to be less risky than PBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFUL	PBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	3.20%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	6.85%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	4.75%	11.36%	-6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.22%	9.88%	-5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.22%	9.88%	-5.66%