PAB vs. DDV
PAB (PGIM Active Aggregate Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. PAB charges 0.19%/yr vs 0.25%/yr for DDV.
Performance
PAB vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, PAB achieves a 0.17% return, which is significantly lower than DDV's 2.23% return.
PAB
- 1D
- -0.20%
- 1M
- 0.26%
- YTD
- 0.17%
- 6M
- 0.12%
- 1Y
- 5.49%
- 3Y*
- 4.45%
- 5Y*
- 0.15%
- 10Y*
- —
DDV
- 1D
- -0.02%
- 1M
- 0.73%
- YTD
- 2.23%
- 6M
- 2.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAB vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAB PGIM Active Aggregate Bond ETF | 0.17% | 0.42% |
DDV Defined Duration 5 ETF | 2.23% | 0.71% |
Correlation
The correlation between PAB and DDV is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025 | 0.70 |
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Return for Risk
PAB vs. DDV — Risk / Return Rank
PAB
DDV
PAB vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Active Aggregate Bond ETF (PAB) and Defined Duration 5 ETF (DDV). 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.
| PAB | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 5.81 | — | — |
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
| PAB | DDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 2.06 | -2.03 |
Drawdowns
PAB vs. DDV - Drawdown Comparison
The maximum PAB drawdown since its inception was -19.27%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for PAB and DDV.
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Drawdown Indicators
| PAB | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -1.92% | -17.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -0.12% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -0.35% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
PAB vs. DDV - Volatility Comparison
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Volatility by Period
| PAB | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 2.68% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 2.68% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 2.68% | +3.48% |
PAB vs. DDV - Expense Ratio Comparison
PAB has a 0.19% expense ratio, which is lower than DDV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PAB vs. DDV - Dividend Comparison
PAB's dividend yield for the trailing twelve months is around 4.56%, more than DDV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DDV Defined Duration 5 ETF | 1.21% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
PAB PGIM Active Aggregate Bond ETF | 4.56% | 4.28% | 4.25% | 3.70% | 2.81% | 2.34% |
Frequently Asked Questions
PAB and DDV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAB is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAB is cheaper with a 0.19% expense ratio, compared with 0.25% for DDV.
PAB has the higher dividend yield at 4.56%, compared with 1.21% for DDV.
They also come from different issuers: PGIM and Discipline Funds. Their fees differ too: 0.19% for PAB and 0.25% for DDV.
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