PHD vs. PFRL
Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) and PGIM Floating Rate Income ETF (PFRL).
PFRL is an actively managed fund by PGIM. It was launched on May 17, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHD or PFRL.
Correlation
The correlation between PHD and PFRL is 0.36, 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
PHD vs. PFRL - Performance Comparison
Key characteristics
PHD:
2.08
PFRL:
4.83
PHD:
2.72
PFRL:
7.50
PHD:
1.44
PFRL:
2.21
PHD:
2.11
PFRL:
9.70
PHD:
20.74
PFRL:
67.07
PHD:
0.85%
PFRL:
0.15%
PHD:
8.48%
PFRL:
2.08%
PHD:
-63.59%
PFRL:
-3.27%
PHD:
-1.93%
PFRL:
-0.08%
Returns By Period
In the year-to-date period, PHD achieves a 16.86% return, which is significantly higher than PFRL's 9.41% return.
PHD
16.86%
-0.27%
4.51%
17.28%
7.10%
6.49%
PFRL
9.41%
0.63%
4.85%
9.86%
N/A
N/A
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Risk-Adjusted Performance
PHD vs. PFRL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) and PGIM Floating Rate Income ETF (PFRL). 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
PHD vs. PFRL - Dividend Comparison
PHD's dividend yield for the trailing twelve months is around 11.38%, more than PFRL's 9.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHD Pioneer Floating Rate Fund, Inc. | 11.38% | 11.96% | 9.78% | 6.30% | 6.71% | 7.33% | 6.71% | 6.28% | 6.13% | 6.50% | 6.50% | 7.26% |
PFRL PGIM Floating Rate Income ETF | 9.18% | 9.84% | 3.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHD vs. PFRL - Drawdown Comparison
The maximum PHD drawdown since its inception was -63.59%, which is greater than PFRL's maximum drawdown of -3.27%. Use the drawdown chart below to compare losses from any high point for PHD and PFRL. For additional features, visit the drawdowns tool.
Volatility
PHD vs. PFRL - Volatility Comparison
Pioneer Floating Rate Fund, Inc. (PHD) has a higher volatility of 2.03% compared to PGIM Floating Rate Income ETF (PFRL) at 0.49%. This indicates that PHD's price experiences larger fluctuations and is considered to be riskier than PFRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.