PH vs. PAAA
PH (Parker-Hannifin Corporation) is a stock, while PAAA (PGIM AAA CLO ETF) is CLO fund actively managed by PGIM. Over the past year, PH returned 29.10% vs 5.26% for PAAA. At a 0.12 correlation, their price movements are largely independent.
Performance
PH vs. PAAA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PH achieves a -2.81% return, which is significantly lower than PAAA's 2.03% return.
PH
- 1D
- 1.73%
- 1M
- -1.74%
- YTD
- -2.81%
- 6M
- -1.72%
- 1Y
- 29.10%
- 3Y*
- 37.12%
- 5Y*
- 24.04%
- 10Y*
- 23.92%
PAAA
- 1D
- -0.01%
- 1M
- 0.40%
- YTD
- 2.03%
- 6M
- 2.45%
- 1Y
- 5.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PH vs. PAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PH Parker-Hannifin Corporation | -2.81% | 39.54% | 39.58% | 17.86% |
PAAA PGIM AAA CLO ETF | 2.03% | 5.37% | 7.47% | 3.83% |
Correlation
The correlation between PH and PAAA is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PH vs. PAAA — Risk / Return Rank
PH
PAAA
PH vs. PAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parker-Hannifin Corporation (PH) and PGIM AAA CLO ETF (PAAA). 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.
| PH | PAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.64 | ||
| Sortino ratioReturn per unit of downside risk | -19.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 6.72 | -5.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 30.32 | -28.81 |
| Martin ratioReturn relative to average drawdown | 4.74 | 187.65 | -182.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PH | PAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 10.83 | -9.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 6.78 | -6.34 |
Drawdowns
PH vs. PAAA - Drawdown Comparison
The maximum PH drawdown since its inception was -66.92%, which is greater than PAAA's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for PH and PAAA.
Loading charts...
Drawdown Indicators
| PH | PAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.92% | -1.04% | -65.88% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -0.17% | -19.17% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.68% | — | — |
Current DrawdownCurrent decline from peak | -16.65% | -0.01% | -16.64% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -0.02% | -15.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 0.03% | +6.13% |
Volatility
PH vs. PAAA - Volatility Comparison
Parker-Hannifin Corporation (PH) has a higher volatility of 6.22% compared to PGIM AAA CLO ETF (PAAA) at 0.11%. This indicates that PH's price experiences larger fluctuations and is considered to be riskier than PAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PH | PAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 0.11% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 0.36% | +18.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.48% | 0.49% | +23.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.59% | 0.98% | +27.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.67% | 0.98% | +30.69% |
Dividends
PH vs. PAAA - Dividend Comparison
PH's dividend yield for the trailing twelve months is around 0.87%, less than PAAA's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAA PGIM AAA CLO ETF | 4.88% | 5.12% | 5.88% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PH Parker-Hannifin Corporation | 0.87% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Frequently Asked Questions
PH and PAAA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PH has higher volatility (6.22%) compared to PAAA (0.11%). In terms of maximum drawdown, PH dropped -66.92% vs PAAA's -1.04%.
PAAA currently has the higher Sharpe Ratio (10.83 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PH and PAAA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer