PFRL vs. IGHG
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.
Performance
PFRL vs. IGHG - Performance Comparison
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PFRL vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PFRL PGIM Floating Rate Income ETF | -0.51% | 6.25% | 9.40% | 13.75% | 1.27% |
IGHG ProShares Investment Grade-Interest Rate Hedged | -0.14% | 5.65% | 9.20% | 11.58% | 3.63% |
Returns By Period
In the year-to-date period, PFRL achieves a -0.51% return, which is significantly lower than IGHG's -0.14% return.
PFRL
- 1D
- 0.12%
- 1M
- 0.48%
- YTD
- -0.51%
- 6M
- 1.06%
- 1Y
- 5.35%
- 3Y*
- 8.43%
- 5Y*
- —
- 10Y*
- —
IGHG
- 1D
- 0.59%
- 1M
- 0.46%
- YTD
- -0.14%
- 6M
- 0.80%
- 1Y
- 6.35%
- 3Y*
- 8.08%
- 5Y*
- 4.75%
- 10Y*
- 4.67%
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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.
Return for Risk
PFRL vs. IGHG — Risk / Return Rank
PFRL
IGHG
PFRL vs. IGHG - Risk-Adjusted Trends 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.
| PFRL | IGHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.48 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.77 | 2.22 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.67 | -2.01 |
Martin ratioReturn relative to average drawdown | 6.10 | 10.52 | -4.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFRL | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.48 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.51 | +1.06 |
Correlation
The correlation between PFRL and IGHG is 0.32, 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.
Dividends
PFRL vs. IGHG - Dividend Comparison
PFRL's dividend yield for the trailing twelve months is around 7.83%, more than IGHG's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFRL PGIM Floating Rate Income ETF | 7.83% | 7.34% | 8.96% | 9.84% | 3.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.18% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
Drawdowns
PFRL vs. IGHG - Drawdown Comparison
The maximum PFRL drawdown since its inception was -8.83%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for PFRL and IGHG.
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Drawdown Indicators
| PFRL | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -25.16% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -2.30% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.00% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -2.33% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.58% | +0.28% |
Volatility
PFRL vs. IGHG - Volatility Comparison
The current volatility for PGIM Floating Rate Income ETF (PFRL) is 0.74%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 1.20%. This indicates that PFRL experiences smaller price fluctuations and is considered to be less risky than IGHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFRL | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.20% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 2.87% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.53% | 4.31% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 5.06% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 7.48% | -2.52% |