PFRL vs. JAAA
Compare and contrast key facts about PGIM Floating Rate Income ETF (PFRL) and Janus Henderson AAA CLO ETF (JAAA).
PFRL and JAAA 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. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFRL or JAAA.
Key characteristics
| PFRL | JAAA | |
|---|---|---|
| YTD Return | 8.38% | 6.44% |
| 1Y Return | 11.45% | 7.98% |
| Sharpe Ratio | 5.63 | 10.46 |
| Sortino Ratio | 8.94 | 22.43 |
| Omega Ratio | 2.52 | 6.81 |
| Calmar Ratio | 11.35 | 24.45 |
| Martin Ratio | 80.04 | 247.28 |
| Ulcer Index | 0.15% | 0.03% |
| Daily Std Dev | 2.08% | 0.77% |
| Max Drawdown | -3.27% | -2.60% |
| Current Drawdown | -0.09% | -0.02% |
Correlation
The correlation between PFRL and JAAA is 0.19, 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.
Performance
PFRL vs. JAAA - Performance Comparison
In the year-to-date period, PFRL achieves a 8.38% return, which is significantly higher than JAAA's 6.44% 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. JAAA - Expense Ratio Comparison
PFRL has a 0.72% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
PFRL vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income ETF (PFRL) and Janus Henderson AAA CLO ETF (JAAA). 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. JAAA - Dividend Comparison
PFRL's dividend yield for the trailing twelve months is around 9.32%, more than JAAA's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
PFRL PGIM Floating Rate Income ETF | 9.32% | 9.84% | 3.55% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.40% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
PFRL vs. JAAA - Drawdown Comparison
The maximum PFRL drawdown since its inception was -3.27%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for PFRL and JAAA. For additional features, visit the drawdowns tool.
Volatility
PFRL vs. JAAA - Volatility Comparison
PGIM Floating Rate Income ETF (PFRL) has a higher volatility of 0.49% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.18%. This indicates that PFRL's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.