PAAA vs. ARLP
Compare and contrast key facts about PGIM AAA CLO ETF (PAAA) and Alliance Resource Partners, L.P. (ARLP).
PAAA is an actively managed fund by PGIM. It was launched on Jul 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAAA or ARLP.
Correlation
The correlation between PAAA and ARLP is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PAAA vs. ARLP - Performance Comparison
Key characteristics
PAAA:
10.35
ARLP:
1.80
PAAA:
20.24
ARLP:
2.34
PAAA:
6.29
ARLP:
1.32
PAAA:
27.71
ARLP:
2.31
PAAA:
193.05
ARLP:
7.83
PAAA:
0.04%
ARLP:
5.53%
PAAA:
0.71%
ARLP:
24.01%
PAAA:
-0.27%
ARLP:
-90.52%
PAAA:
0.00%
ARLP:
-2.50%
Returns By Period
In the year-to-date period, PAAA achieves a 0.37% return, which is significantly lower than ARLP's 5.97% return.
PAAA
0.37%
0.55%
3.41%
7.30%
N/A
N/A
ARLP
5.97%
8.49%
15.39%
42.09%
32.88%
6.20%
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Risk-Adjusted Performance
PAAA vs. ARLP — Risk-Adjusted Performance Rank
PAAA
ARLP
PAAA vs. ARLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM AAA CLO ETF (PAAA) and Alliance Resource Partners, L.P. (ARLP). 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.
Dividends
PAAA vs. ARLP - Dividend Comparison
PAAA's dividend yield for the trailing twelve months is around 5.86%, less than ARLP's 10.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAA PGIM AAA CLO ETF | 5.86% | 5.88% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARLP Alliance Resource Partners, L.P. | 10.05% | 10.65% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.55% | 8.86% | 19.74% | 5.75% |
Drawdowns
PAAA vs. ARLP - Drawdown Comparison
The maximum PAAA drawdown since its inception was -0.27%, smaller than the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for PAAA and ARLP. For additional features, visit the drawdowns tool.
Volatility
PAAA vs. ARLP - Volatility Comparison
The current volatility for PGIM AAA CLO ETF (PAAA) is 0.23%, while Alliance Resource Partners, L.P. (ARLP) has a volatility of 5.35%. This indicates that PAAA experiences smaller price fluctuations and is considered to be less risky than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.