PTRB vs. PJFM

Last updated Jun 4, 2026

PTRB (PGIM Total Return Bond ETF) and PJFM (PGIM Jennison Focused Mid-Cap ETF) are both exchange-traded funds - PTRB is a Intermediate Core-Plus Bond fund actively managed by PGIM, while PJFM is a Mid Cap Blend Equities fund actively managed by PGIM. Both are actively managed. Over the past year, PTRB returned 5.81% vs 16.91% for PJFM. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

PTRB vs. PJFM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Total Return Bond ETF (PTRB) and PGIM Jennison Focused Mid-Cap ETF (PJFM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTRB achieves a 0.34% return, which is significantly lower than PJFM's 9.13% return.

PTRB

• 1D: -0.19%
• 1M: 0.28%
• YTD: 0.34%
• 6M: 0.41%
• 1Y: 5.81%
• 3Y*: 5.11%
• 5Y*: —
• 10Y*: —

PJFM

• 1D: -0.20%
• 1M: 1.15%
• YTD: 9.13%
• 6M: 9.53%
• 1Y: 16.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTRB vs. PJFM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PTRB PGIM Total Return Bond ETF	0.34%	7.63%	2.67%	0.65%
PJFM PGIM Jennison Focused Mid-Cap ETF	9.13%	7.50%	15.64%	-0.08%

Correlation

The correlation between PTRB and PJFM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.22

PTRB vs. PJFM - Sectors Allocation Comparison

Sectors	PTRB	PJFM
Financial Services	4.2%	16.5%
Basic Materials	-	7.0%
Communication Services	-	3.4%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	3.2%
Energy	-	4.5%
Healthcare	-	9.3%
Industrials	-	19.1%
Real Estate	-	6.9%
Technology	-	10.8%
Utilities	-	6.6%

Return for Risk

PTRB vs. PJFM — Risk / Return Rank

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

PTRB

PTRB Risk / Return Rank: 40
PTRB Sharpe Ratio Rank: 41
PTRB Sortino Ratio Rank: 42
PTRB Omega Ratio Rank: 39
PTRB Calmar Ratio Rank: 41
PTRB Martin Ratio Rank: 38

PJFM

PJFM Risk / Return Rank: 33
PJFM Sharpe Ratio Rank: 31
PJFM Sortino Ratio Rank: 31
PJFM Omega Ratio Rank: 30
PJFM Calmar Ratio Rank: 32
PJFM Martin Ratio Rank: 39

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.

PTRB vs. PJFM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond ETF (PTRB) and PGIM Jennison Focused Mid-Cap ETF (PJFM). 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.

	PTRB	PJFM	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.09	+0.37
Sortino ratio: Return per unit of downside risk	2.13	1.65	+0.48
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	2.01	1.57	+0.44
Martin ratio: Return relative to average drawdown	6.00	5.97	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTRB vs. PJFM - Sharpe Ratio Comparison

The current PTRB Sharpe Ratio is 1.46, which is higher than the PJFM Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of PTRB and PJFM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTRB	PJFM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.09	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.75	-0.70

Drawdowns

PTRB vs. PJFM - Drawdown Comparison

The maximum PTRB drawdown since its inception was -19.17%, smaller than the maximum PJFM drawdown of -22.84%. Use the drawdown chart below to compare losses from any high point for PTRB and PJFM.

Drawdown Indicators

	PTRB	PJFM	Difference
Max Drawdown Largest peak-to-trough decline	-19.17%	-22.84%	+3.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	-10.79%	+7.89%
Max Drawdown (3Y) Largest decline over 3 years	-5.52%	—	—
Current Drawdown Current decline from peak	-1.61%	-1.41%	-0.20%
Average Drawdown Average peak-to-trough decline	-7.64%	-3.75%	-3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.84%	-1.87%

Volatility

PTRB vs. PJFM - Volatility Comparison

The current volatility for PGIM Total Return Bond ETF (PTRB) is 1.37%, while PGIM Jennison Focused Mid-Cap ETF (PJFM) has a volatility of 5.56%. This indicates that PTRB experiences smaller price fluctuations and is considered to be less risky than PJFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTRB	PJFM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	5.56%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	12.45%	-9.62%
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	15.65%	-11.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	17.69%	-11.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	17.69%	-11.44%

PTRB vs. PJFM - Expense Ratio Comparison

Both PTRB and PJFM have an expense ratio of 0.49%.

Dividends

PTRB vs. PJFM - Dividend Comparison

PTRB's dividend yield for the trailing twelve months is around 4.74%, more than PJFM's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021
PJFM PGIM Jennison Focused Mid-Cap ETF	0.57%	0.62%	0.83%	0.00%	0.00%	0.00%
PTRB PGIM Total Return Bond ETF	4.74%	4.73%	5.10%	4.62%	4.07%	0.12%

Frequently Asked Questions

Can I hold both PTRB and PJFM in my portfolio?

PTRB and PJFM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTRB or PJFM?

PJFM has higher volatility (5.56%) compared to PTRB (1.37%). In terms of maximum drawdown, PTRB dropped -19.17% vs PJFM's -22.84%.

Which ETF is better, PTRB or PJFM?

On 1-year performance, PJFM leads with 16.91% vs 5.81% for PTRB. Both ETFs have the same 0.49% expense ratio. On volatility, PTRB has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTRB or PJFM?

Over the 1-year period, PJFM has performed better with a 16.91% return vs 5.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTRB or PJFM?

PTRB and PJFM have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, PTRB or PJFM?

PTRB has the higher dividend yield at 4.74%, compared with 0.57% for PJFM.

What is the main difference between PTRB and PJFM?

PTRB is categorized as Intermediate Core-Plus Bond, while PJFM is Mid Cap Blend Equities.

Which has better risk-adjusted returns?

PTRB currently has the higher Sharpe Ratio (1.46 vs 1.09), 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.