PAB vs. IXC
PAB (PGIM Active Aggregate Bond ETF) and IXC (iShares Global Energy ETF) are both exchange-traded funds - PAB is a Intermediate Core Bond fund actively managed by PGIM, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. PAB is actively managed, while IXC is passively managed. Over the past 5 years, PAB returned -0.02%/yr vs 18.91%/yr for IXC. At a correlation of -0.09, they often move in opposite directions. PAB charges 0.19%/yr vs 0.40%/yr for IXC.
Performance
PAB vs. IXC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAB achieves a 0.22% return, which is significantly lower than IXC's 23.35% return.
PAB
- 1D
- -0.05%
- 1M
- -0.21%
- 6M
- -0.02%
- YTD
- 0.22%
- 1Y
- 4.42%
- 3Y*
- 4.75%
- 5Y*
- -0.02%
- 10Y*
- —
IXC
- 1D
- 0.51%
- 1M
- -4.50%
- 6M
- 20.68%
- YTD
- 23.35%
- 1Y
- 29.02%
- 3Y*
- 14.69%
- 5Y*
- 18.91%
- 10Y*
- 8.83%
PAB vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAB PGIM Active Aggregate Bond ETF | 0.22% | 7.55% | 1.89% | 6.37% | -14.24% | 0.90% |
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 48.51% | 15.23% |
Correlation
The correlation between PAB and IXC is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.09 |
The correlation between PAB and IXC shifts across timeframes, from -0.25 (1 year) to -0.07 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAB vs. IXC — Risk / Return Rank
PAB
IXC
PAB vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Active Aggregate Bond ETF (PAB) and iShares Global Energy ETF (IXC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PAB | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.95 | -0.55 |
| Martin ratioReturn relative to average drawdown | 3.92 | 6.26 | -2.34 |
Loading charts...
Drawdowns
PAB vs. IXC - Drawdown Comparison
The maximum PAB drawdown since its inception was -19.27%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for PAB and IXC.
Loading charts...
Drawdown Indicators
| PAB | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -67.88% | +48.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -15.36% | +12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -19.06% | +13.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | -24.93% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -1.65% | -11.22% | +9.57% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -17.45% | +9.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 4.78% | -3.75% |
Volatility
PAB vs. IXC - Volatility Comparison
The current volatility for PGIM Active Aggregate Bond ETF (PAB) is 1.24%, while iShares Global Energy ETF (IXC) has a volatility of 6.59%. This indicates that PAB experiences smaller price fluctuations and is considered to be less risky than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAB | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 6.59% | -5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 15.86% | -12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 19.18% | -15.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 23.45% | -17.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 26.81% | -20.69% |
PAB vs. IXC - Expense Ratio Comparison
PAB has a 0.19% expense ratio, which is lower than IXC's 0.40% expense ratio.
Dividends
PAB vs. IXC - Dividend Comparison
PAB's dividend yield for the trailing twelve months is around 4.61%, more than IXC's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.08% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
PAB PGIM Active Aggregate Bond ETF | 4.61% | 4.28% | 4.25% | 3.70% | 2.81% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PAB and IXC have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.59%) compared to PAB (1.24%). In terms of maximum drawdown, PAB dropped -19.27% vs IXC's -67.88%.
On 5-year performance, IXC leads with 18.91% vs -0.02% for PAB. On fees, PAB is cheaper at 0.19% per year. On volatility, PAB has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IXC has performed better with a 18.91% return vs -0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAB is cheaper with a 0.19% expense ratio, compared with 0.40% for IXC.
PAB has the higher dividend yield at 4.61%, compared with 3.08% for IXC.
PAB is categorized as Intermediate Core Bond, while IXC is Energy Equities. They also come from different issuers: PGIM and iShares. Their fees differ too: 0.19% for PAB and 0.40% for IXC.
IXC currently has the higher Sharpe Ratio (1.56 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PAB and IXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer