PJBF vs. IMFL

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM Jennison Better Future ETF (PJBF) and Invesco International Developed Dynamic Multifactor ETF (IMFL).

PJBF and IMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJBF is an actively managed fund by PGIM. It was launched on Dec 14, 2023. IMFL is a passively managed fund by Invesco that tracks the performance of the FTSE Developed ex US Invesco Dynamic Multifactor Index. It was launched on Feb 24, 2021.

Performance

PJBF vs. IMFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Better Future ETF (PJBF) and Invesco International Developed Dynamic Multifactor ETF (IMFL). The values are adjusted to include any dividend payments, if applicable.

PJBF vs. IMFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PJBF PGIM Jennison Better Future ETF	-11.38%	5.13%	19.91%	-0.80%
IMFL Invesco International Developed Dynamic Multifactor ETF	7.24%	30.89%	-3.57%	2.06%

Returns By Period

In the year-to-date period, PJBF achieves a -11.38% return, which is significantly lower than IMFL's 7.24% return.

PJBF

• 1D: 4.21%
• 1M: -5.84%
• YTD: -11.38%
• 6M: -10.75%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IMFL

• 1D: 3.30%
• 1M: -8.04%
• YTD: 7.24%
• 6M: 16.45%
• 1Y: 33.09%
• 3Y*: 14.53%
• 5Y*: 7.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PJBF vs. IMFL - Expense Ratio Comparison

PJBF has a 0.59% expense ratio, which is higher than IMFL's 0.34% expense ratio.

PJBF

PGIM Jennison Better Future ETF

IMFL

Invesco International Developed Dynamic Multifactor ETF

Return for Risk

PJBF vs. IMFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PJBF

PJBF Risk / Return Rank: 18
PJBF Sharpe Ratio Rank: 18
PJBF Sortino Ratio Rank: 18
PJBF Omega Ratio Rank: 18
PJBF Calmar Ratio Rank: 17
PJBF Martin Ratio Rank: 17

IMFL

IMFL Risk / Return Rank: 89
IMFL Sharpe Ratio Rank: 90
IMFL Sortino Ratio Rank: 91
IMFL Omega Ratio Rank: 90
IMFL Calmar Ratio Rank: 87
IMFL Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PJBF vs. IMFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Better Future ETF (PJBF) and Invesco International Developed Dynamic Multifactor ETF (IMFL). 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.

	PJBF	IMFL	Difference
Sharpe ratio Return per unit of total volatility	0.23	2.00	-1.77
Sortino ratio Return per unit of downside risk	0.49	2.61	-2.13
Omega ratio Gain probability vs. loss probability	1.06	1.38	-0.31
Calmar ratio Return relative to maximum drawdown	0.24	2.69	-2.45
Martin ratio Return relative to average drawdown	0.80	10.54	-9.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJBF vs. IMFL - Sharpe Ratio Comparison

The current PJBF Sharpe Ratio is 0.23, which is lower than the IMFL Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of PJBF and IMFL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PJBF	IMFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	2.00	-1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.53	-0.31

Correlation

The correlation between PJBF and IMFL is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PJBF vs. IMFL - Dividend Comparison

PJBF's dividend yield for the trailing twelve months is around 0.27%, less than IMFL's 3.15% yield.

	TTM	2025	2024	2023	2022	2021
PJBF PGIM Jennison Better Future ETF	0.27%	0.24%	0.16%	0.00%	0.00%	0.00%
IMFL Invesco International Developed Dynamic Multifactor ETF	3.15%	2.88%	3.56%	3.85%	3.35%	3.94%

Drawdowns

PJBF vs. IMFL - Drawdown Comparison

The maximum PJBF drawdown since its inception was -25.67%, smaller than the maximum IMFL drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for PJBF and IMFL.

Drawdown Indicators

	PJBF	IMFL	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-33.26%	+7.59%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-11.77%	-6.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.26%	—
Current Drawdown Current decline from peak	-14.98%	-8.70%	-6.28%
Average Drawdown Average peak-to-trough decline	-5.43%	-7.37%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	3.00%	+2.50%

Volatility

PJBF vs. IMFL - Volatility Comparison

PGIM Jennison Better Future ETF (PJBF) has a higher volatility of 8.67% compared to Invesco International Developed Dynamic Multifactor ETF (IMFL) at 7.94%. This indicates that PJBF's price experiences larger fluctuations and is considered to be riskier than IMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJBF	IMFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.67%	7.94%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	11.84%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	22.29%	16.63%	+5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.31%	15.89%	+5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.31%	15.86%	+5.45%