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PFRL vs. HIPS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PFRL and HIPS is 0.45, 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

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

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Key characteristics

Sharpe Ratio

PFRL:

0.71

HIPS:

0.31

Sortino Ratio

PFRL:

0.88

HIPS:

0.50

Omega Ratio

PFRL:

1.39

HIPS:

1.08

Calmar Ratio

PFRL:

0.70

HIPS:

0.31

Martin Ratio

PFRL:

5.69

HIPS:

1.25

Ulcer Index

PFRL:

1.09%

HIPS:

3.78%

Daily Std Dev

PFRL:

8.59%

HIPS:

14.85%

Max Drawdown

PFRL:

-8.83%

HIPS:

-53.14%

Current Drawdown

PFRL:

-0.81%

HIPS:

-7.21%

Returns By Period

In the year-to-date period, PFRL achieves a 0.56% return, which is significantly higher than HIPS's -2.70% return.


PFRL

YTD

0.56%

1M

2.94%

6M

1.53%

1Y

6.04%

5Y*

N/A

10Y*

N/A

HIPS

YTD

-2.70%

1M

7.40%

6M

-2.33%

1Y

4.55%

5Y*

13.95%

10Y*

3.94%

*Annualized

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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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFRL
The Risk-Adjusted Performance Rank of PFRL is 7676
Overall Rank
The Sharpe Ratio Rank of PFRL is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of PFRL is 5858
Sortino Ratio Rank
The Omega Ratio Rank of PFRL is 9595
Omega Ratio Rank
The Calmar Ratio Rank of PFRL is 7272
Calmar Ratio Rank
The Martin Ratio Rank of PFRL is 8787
Martin Ratio Rank

HIPS
The Risk-Adjusted Performance Rank of HIPS is 4444
Overall Rank
The Sharpe Ratio Rank of HIPS is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of HIPS is 3838
Sortino Ratio Rank
The Omega Ratio Rank of HIPS is 4444
Omega Ratio Rank
The Calmar Ratio Rank of HIPS is 4747
Calmar Ratio Rank
The Martin Ratio Rank of HIPS is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current PFRL Sharpe Ratio is 0.71, which is higher than the HIPS Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of PFRL and HIPS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

PFRL vs. HIPS - Dividend Comparison

PFRL has not paid dividends to shareholders, while HIPS's dividend yield for the trailing twelve months is around 10.67%.


TTM2024202320222021202020192018201720162015
PFRL
PGIM Floating Rate Income ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HIPS
GraniteShares HIPS US High Income ETF
10.67%10.04%10.32%10.76%8.43%9.50%7.56%8.66%7.28%7.20%7.44%

Drawdowns

PFRL vs. HIPS - Drawdown Comparison

The maximum PFRL drawdown since its inception was -8.83%, 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.


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Volatility

PFRL vs. HIPS - Volatility Comparison

The current volatility for PGIM Floating Rate Income ETF (PFRL) is 0.80%, while GraniteShares HIPS US High Income ETF (HIPS) has a volatility of 4.84%. 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.


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