PFRL vs. HIPS
Compare and contrast key facts about PGIM Floating Rate Income ETF (PFRL) and GraniteShares HIPS US High Income ETF (HIPS).
PFRL and HIPS 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. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFRL or HIPS.
Key characteristics
| PFRL | HIPS | |
|---|---|---|
| YTD Return | 8.38% | 13.31% |
| 1Y Return | 11.45% | 22.39% |
| Sharpe Ratio | 5.63 | 2.42 |
| Sortino Ratio | 8.94 | 3.27 |
| Omega Ratio | 2.52 | 1.47 |
| Calmar Ratio | 11.35 | 2.45 |
| Martin Ratio | 80.04 | 19.24 |
| Ulcer Index | 0.15% | 1.19% |
| Daily Std Dev | 2.08% | 9.47% |
| Max Drawdown | -3.27% | -53.14% |
| Current Drawdown | -0.09% | 0.00% |
Correlation
The correlation between PFRL and HIPS is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFRL vs. HIPS - Performance Comparison
In the year-to-date period, PFRL achieves a 8.38% return, which is significantly lower than HIPS's 13.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFRL vs. HIPS - Expense Ratio Comparison
PFRL has a 0.72% expense ratio, which is lower than HIPS's 3.19% expense ratio.
Risk-Adjusted Performance
PFRL vs. HIPS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income ETF (PFRL) and GraniteShares HIPS US High Income ETF (HIPS). 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.
Dividends
PFRL vs. HIPS - Dividend Comparison
PFRL's dividend yield for the trailing twelve months is around 9.32%, less than HIPS's 9.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFRL PGIM Floating Rate Income ETF | 9.32% | 9.84% | 3.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HIPS GraniteShares HIPS US High Income ETF | 9.95% | 10.37% | 10.81% | 8.47% | 9.54% | 7.59% | 8.70% | 7.31% | 7.24% | 6.51% |
Drawdowns
PFRL vs. HIPS - Drawdown Comparison
The maximum PFRL drawdown since its inception was -3.27%, smaller than the maximum HIPS drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for PFRL and HIPS. For additional features, visit the drawdowns tool.
Volatility
PFRL vs. HIPS - Volatility Comparison
The current volatility for PGIM Floating Rate Income ETF (PFRL) is 0.49%, while GraniteShares HIPS US High Income ETF (HIPS) has a volatility of 2.55%. This indicates that PFRL experiences smaller price fluctuations and is considered to be less risky than HIPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.