PSRIX vs. PFRL
PSRIX (PIMCO Low Duration Credit Fund) and PFRL (PGIM Floating Rate Income ETF) are both Bank Loan funds. Over the past 3 years, PSRIX returned 8.10%/yr vs 8.48%/yr for PFRL. At a 0.37 correlation, their price movements are largely independent. PSRIX charges 0.70%/yr vs 0.72%/yr for PFRL.
Performance
PSRIX vs. PFRL - Performance Comparison
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Returns By Period
In the year-to-date period, PSRIX achieves a 0.87% return, which is significantly lower than PFRL's 2.31% return.
PSRIX
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 0.87%
- 6M
- 1.46%
- 1Y
- 5.80%
- 3Y*
- 8.10%
- 5Y*
- 5.16%
- 10Y*
- 4.22%
PFRL
- 1D
- -0.02%
- 1M
- 0.49%
- YTD
- 2.31%
- 6M
- 2.78%
- 1Y
- 6.38%
- 3Y*
- 8.48%
- 5Y*
- —
- 10Y*
- —
PSRIX vs. PFRL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PSRIX PIMCO Low Duration Credit Fund | 0.87% | 7.25% | 9.40% | 10.22% | 0.69% |
PFRL PGIM Floating Rate Income ETF | 2.31% | 6.25% | 9.40% | 13.75% | 1.27% |
Correlation
The correlation between PSRIX and PFRL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.37 |
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Return for Risk
PSRIX vs. PFRL — Risk / Return Rank
PSRIX
PFRL
PSRIX vs. PFRL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Credit Fund (PSRIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSRIX | PFRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.73 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 5.11 | -1.60 |
| Martin ratioReturn relative to average drawdown | 14.26 | 17.36 | -3.10 |
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Drawdowns
PSRIX vs. PFRL - Drawdown Comparison
The maximum PSRIX drawdown since its inception was -19.26%, which is greater than PFRL's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for PSRIX and PFRL.
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Drawdown Indicators
| PSRIX | PFRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -8.83% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -1.25% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -8.83% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -7.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.02% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -0.43% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.37% | +0.05% |
Volatility
PSRIX vs. PFRL - Volatility Comparison
PIMCO Low Duration Credit Fund (PSRIX) has a higher volatility of 0.70% compared to PGIM Floating Rate Income ETF (PFRL) at 0.50%. This indicates that PSRIX'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.
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Volatility by Period
| PSRIX | PFRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.50% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 1.61% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 1.93% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 4.83% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 4.83% | -0.91% |
PSRIX vs. PFRL - Expense Ratio Comparison
PSRIX has a 0.70% expense ratio, which is lower than PFRL's 0.72% expense ratio.
Dividends
PSRIX vs. PFRL - Dividend Comparison
PSRIX's dividend yield for the trailing twelve months is around 6.93%, more than PFRL's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFRL PGIM Floating Rate Income ETF | 6.81% | 7.34% | 8.96% | 9.84% | 3.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSRIX PIMCO Low Duration Credit Fund | 6.93% | 7.18% | 7.13% | 5.82% | 3.49% | 4.32% | 3.67% | 4.92% | 4.53% | 3.95% | 3.71% | 4.01% |
Frequently Asked Questions
PSRIX and PFRL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSRIX has higher volatility (0.70%) compared to PFRL (0.50%). In terms of maximum drawdown, PSRIX dropped -19.26% vs PFRL's -8.83%.
PFRL currently has the higher Sharpe Ratio (3.33 vs 2.21), 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.
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