PFRL vs. HIGH
Compare and contrast key facts about PGIM Floating Rate Income ETF (PFRL) and Simplify Enhanced Income ETF (HIGH).
PFRL and HIGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFRL is an actively managed fund by PGIM. It was launched on May 17, 2022. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFRL or HIGH.
Correlation
The correlation between PFRL and HIGH is 0.00. 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.
Performance
PFRL vs. HIGH - Performance Comparison
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Key characteristics
PFRL:
1.02%
HIGH:
4.36%
PFRL:
0.00%
HIGH:
-0.67%
PFRL:
0.00%
HIGH:
-0.55%
Returns By Period
PFRL
N/A
N/A
N/A
N/A
N/A
N/A
HIGH
N/A
N/A
N/A
N/A
N/A
N/A
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PFRL vs. HIGH - Expense Ratio Comparison
PFRL has a 0.72% expense ratio, which is higher than HIGH's 0.51% expense ratio.
Risk-Adjusted Performance
PFRL vs. HIGH — Risk-Adjusted Performance Rank
PFRL
HIGH
PFRL vs. HIGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income ETF (PFRL) and Simplify Enhanced Income ETF (HIGH). 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.
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Dividends
PFRL vs. HIGH - Dividend Comparison
Neither PFRL nor HIGH has paid dividends to shareholders.
Drawdowns
PFRL vs. HIGH - Drawdown Comparison
The maximum PFRL drawdown since its inception was 0.00%, smaller than the maximum HIGH drawdown of -0.67%. Use the drawdown chart below to compare losses from any high point for PFRL and HIGH. For additional features, visit the drawdowns tool.
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Volatility
PFRL vs. HIGH - Volatility Comparison
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