PAAA vs. GSIG
Compare and contrast key facts about PGIM AAA CLO ETF (PAAA) and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG).
PAAA and GSIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PAAA is an actively managed fund by PGIM. It was launched on Jul 19, 2023. GSIG is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. It was launched on Jul 7, 2020.
Performance
PAAA vs. GSIG - Performance Comparison
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PAAA vs. GSIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PAAA PGIM AAA CLO ETF | 0.99% | 5.37% | 7.47% | 3.83% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.08% | 6.69% | 4.72% | 3.54% |
Returns By Period
In the year-to-date period, PAAA achieves a 0.99% return, which is significantly higher than GSIG's 0.08% return.
PAAA
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.99%
- 6M
- 2.21%
- 1Y
- 5.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSIG
- 1D
- 0.24%
- 1M
- -0.90%
- YTD
- 0.08%
- 6M
- 1.32%
- 1Y
- 4.78%
- 3Y*
- 5.18%
- 5Y*
- 2.20%
- 10Y*
- —
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PAAA vs. GSIG - Expense Ratio Comparison
PAAA has a 0.19% expense ratio, which is higher than GSIG's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PAAA vs. GSIG — Risk / Return Rank
PAAA
GSIG
PAAA vs. GSIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM AAA CLO ETF (PAAA) and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG). 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.
| PAAA | GSIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.03 | 2.25 | +1.78 |
Sortino ratioReturn per unit of downside risk | 4.87 | 3.34 | +1.53 |
Omega ratioGain probability vs. loss probability | 2.94 | 1.48 | +1.46 |
Calmar ratioReturn relative to maximum drawdown | 5.26 | 3.29 | +1.97 |
Martin ratioReturn relative to average drawdown | 43.72 | 13.82 | +29.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAAA | GSIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.03 | 2.25 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.64 | 0.77 | +5.86 |
Correlation
The correlation between PAAA and GSIG is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PAAA vs. GSIG - Dividend Comparison
PAAA's dividend yield for the trailing twelve months is around 5.48%, more than GSIG's 4.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PAAA PGIM AAA CLO ETF | 5.48% | 5.12% | 5.88% | 2.76% | 0.00% | 0.00% | 0.00% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.51% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% |
Drawdowns
PAAA vs. GSIG - Drawdown Comparison
The maximum PAAA drawdown since its inception was -1.04%, smaller than the maximum GSIG drawdown of -9.57%. Use the drawdown chart below to compare losses from any high point for PAAA and GSIG.
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Drawdown Indicators
| PAAA | GSIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.04% | -9.57% | +8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.04% | -1.46% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.57% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.90% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -2.15% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.35% | -0.23% |
Volatility
PAAA vs. GSIG - Volatility Comparison
The current volatility for PGIM AAA CLO ETF (PAAA) is 0.27%, while Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) has a volatility of 0.87%. This indicates that PAAA experiences smaller price fluctuations and is considered to be less risky than GSIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAA | GSIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.87% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 0.39% | 1.20% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 2.13% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 2.87% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 2.73% | -1.73% |