PTRB vs. EVTR
Compare and contrast key facts about PGIM Total Return Bond ETF (PTRB) and Eaton Vance Total Return Bond ETF (EVTR).
PTRB and EVTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTRB is an actively managed fund by PGIM. It was launched on Dec 2, 2021. EVTR is an actively managed fund by Eaton Vance. It was launched on Nov 14, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTRB or EVTR.
Key characteristics
| PTRB | EVTR | |
|---|---|---|
| Daily Std Dev | 6.12% | 4.94% |
| Max Drawdown | -19.17% | -3.21% |
| Current Drawdown | -5.40% | -2.47% |
Correlation
The correlation between PTRB and EVTR is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PTRB vs. EVTR - Performance Comparison
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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PTRB vs. EVTR - Expense Ratio Comparison
PTRB has a 0.49% expense ratio, which is higher than EVTR's 0.32% expense ratio.
Risk-Adjusted Performance
PTRB vs. EVTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond ETF (PTRB) and Eaton Vance Total Return Bond ETF (EVTR). 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.
Not enough dataDividends
PTRB vs. EVTR - Dividend Comparison
PTRB's dividend yield for the trailing twelve months is around 4.89%, more than EVTR's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
PTRB PGIM Total Return Bond ETF | 4.89% | 4.62% | 4.07% | 0.12% |
EVTR Eaton Vance Total Return Bond ETF | 3.37% | 0.00% | 0.00% | 0.00% |
Drawdowns
PTRB vs. EVTR - Drawdown Comparison
The maximum PTRB drawdown since its inception was -19.17%, which is greater than EVTR's maximum drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for PTRB and EVTR. For additional features, visit the drawdowns tool.
Volatility
PTRB vs. EVTR - Volatility Comparison
PGIM Total Return Bond ETF (PTRB) has a higher volatility of 1.59% compared to Eaton Vance Total Return Bond ETF (EVTR) at 1.41%. This indicates that PTRB's price experiences larger fluctuations and is considered to be riskier than EVTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.