PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
PFRL vs. BIZD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PFRL vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Floating Rate Income ETF (PFRL) and VanEck Vectors BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

-6.00%-4.00%-2.00%0.00%2.00%4.00%JuneJulyAugustSeptemberOctoberNovember
4.71%
3.38%
PFRL
BIZD

Returns By Period

In the year-to-date period, PFRL achieves a 9.11% return, which is significantly lower than BIZD's 13.01% return.


PFRL

YTD

9.11%

1M

1.29%

6M

4.71%

1Y

11.49%

5Y (annualized)

N/A

10Y (annualized)

N/A

BIZD

YTD

13.01%

1M

1.58%

6M

3.38%

1Y

17.55%

5Y (annualized)

11.51%

10Y (annualized)

8.66%

Key characteristics


PFRLBIZD
Sharpe Ratio5.511.60
Sortino Ratio8.742.17
Omega Ratio2.471.29
Calmar Ratio11.132.00
Martin Ratio78.347.43
Ulcer Index0.15%2.36%
Daily Std Dev2.09%10.96%
Max Drawdown-3.27%-55.47%
Current Drawdown0.00%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PFRL vs. BIZD - Expense Ratio Comparison

PFRL has a 0.72% expense ratio, which is lower than BIZD's 10.92% expense ratio.


BIZD
VanEck Vectors BDC Income ETF
Expense ratio chart for BIZD: current value at 10.92% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%10.92%
Expense ratio chart for PFRL: current value at 0.72% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.72%

Correlation

-0.50.00.51.00.4

The correlation between PFRL and BIZD is 0.38, 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.

Risk-Adjusted Performance

PFRL vs. BIZD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income ETF (PFRL) and VanEck Vectors BDC Income ETF (BIZD). 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.


Sharpe ratio
The chart of Sharpe ratio for PFRL, currently valued at 5.51, compared to the broader market0.002.004.005.511.60
The chart of Sortino ratio for PFRL, currently valued at 8.74, compared to the broader market-2.000.002.004.006.008.0010.0012.008.742.17
The chart of Omega ratio for PFRL, currently valued at 2.47, compared to the broader market0.501.001.502.002.503.002.471.29
The chart of Calmar ratio for PFRL, currently valued at 11.13, compared to the broader market0.005.0010.0015.0020.0011.132.00
The chart of Martin ratio for PFRL, currently valued at 78.34, compared to the broader market0.0020.0040.0060.0080.00100.0078.347.43
PFRL
BIZD

The current PFRL Sharpe Ratio is 5.51, which is higher than the BIZD Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of PFRL and BIZD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
5.51
1.60
PFRL
BIZD

Dividends

PFRL vs. BIZD - Dividend Comparison

PFRL's dividend yield for the trailing twelve months is around 9.26%, less than BIZD's 11.05% yield.


TTM20232022202120202019201820172016201520142013
PFRL
PGIM Floating Rate Income ETF
9.26%9.84%3.55%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BIZD
VanEck Vectors BDC Income ETF
11.05%10.97%11.22%8.14%10.39%9.13%10.88%9.13%8.51%9.12%8.51%5.45%

Drawdowns

PFRL vs. BIZD - Drawdown Comparison

The maximum PFRL drawdown since its inception was -3.27%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for PFRL and BIZD. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
PFRL
BIZD

Volatility

PFRL vs. BIZD - Volatility Comparison

The current volatility for PGIM Floating Rate Income ETF (PFRL) is 0.57%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 3.58%. This indicates that PFRL experiences smaller price fluctuations and is considered to be less risky than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.57%
3.58%
PFRL
BIZD