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

PFRL vs. IGHG

Last updated May 12, 2025

Compare and contrast key facts about PGIM Floating Rate Income ETF (PFRL) and ProShares Investment Grade-Interest Rate Hedged (IGHG).

PFRL and IGHG 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. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFRL or IGHG.

Correlation

The correlation between PFRL and IGHG 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. IGHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Floating Rate Income ETF (PFRL) and ProShares Investment Grade-Interest Rate Hedged (IGHG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

PFRL:

1.02%

IGHG:

7.30%

Max Drawdown

PFRL:

0.00%

IGHG:

-0.61%

Current Drawdown

PFRL:

0.00%

IGHG:

-0.61%

Returns By Period

PFRL

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

IGHG

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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PFRL vs. IGHG - Expense Ratio Comparison

PFRL has a 0.72% expense ratio, which is higher than IGHG's 0.30% expense ratio.

PFRL
PGIM Floating Rate Income ETF
IGHG
ProShares Investment Grade-Interest Rate Hedged

Risk-Adjusted Performance

PFRL vs. IGHG — 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 9494
Omega Ratio Rank
The Calmar Ratio Rank of PFRL is 7373
Calmar Ratio Rank
The Martin Ratio Rank of PFRL is 8686
Martin Ratio Rank
IGHG
The Risk-Adjusted Performance Rank of IGHG is 8383
Overall Rank
The Sharpe Ratio Rank of IGHG is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of IGHG is 8080
Sortino Ratio Rank
The Omega Ratio Rank of IGHG is 7979
Omega Ratio Rank
The Calmar Ratio Rank of IGHG is 8787
Calmar Ratio Rank
The Martin Ratio Rank of IGHG is 8585
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. IGHG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income ETF (PFRL) and ProShares Investment Grade-Interest Rate Hedged (IGHG). 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. IGHG - Dividend Comparison

PFRL has not paid dividends to shareholders, while IGHG's dividend yield for the trailing twelve months is around 5.26%.

TTM20242023202220212020201920182017201620152014
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%0.00%
IGHG
ProShares Investment Grade-Interest Rate Hedged		5.26%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PFRL vs. IGHG - Drawdown Comparison

The maximum PFRL drawdown since its inception was 0.00%, smaller than the maximum IGHG drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for PFRL and IGHG. For additional features, visit the drawdowns tool.

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Volatility

PFRL vs. IGHG - Volatility Comparison

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