PAAA vs. PULS

In the year-to-date period, PAAA achieves a 2.09% return, which is significantly higher than PULS's 1.94% return.

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PAAA has a 0.19% expense ratio, which is higher than PULS's 0.15% 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%.

This table presents a comparison of risk-adjusted performance metrics for PGIM AAA CLO ETF (PAAA) and PGIM Ultra Short Bond ETF (PULS). 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.

The current PAAA Sharpe Ratio is 4.40, which is lower than the PULS Sharpe Ratio of 9.61. The chart below compares the historical Sharpe Ratios of PAAA and PULS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

PAAA's dividend yield for the trailing twelve months is around 5.35%, more than PULS's 5.27% yield.

The maximum PAAA drawdown since its inception was -1.04%, smaller than the maximum PULS drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for PAAA and PULS.

PGIM AAA CLO ETF (PAAA) has a higher volatility of 0.32% compared to PGIM Ultra Short Bond ETF (PULS) at 0.17%. This indicates that PAAA's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.