PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
PULS vs. AAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PULS and AAA is 0.10, 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.


-0.50.00.51.00.1

Performance

PULS vs. AAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Ultra Short Bond ETF (PULS) and AAF First Priority CLO Bond ETF (AAA). The values are adjusted to include any dividend payments, if applicable.

12.00%13.00%14.00%15.00%16.00%17.00%18.00%JulyAugustSeptemberOctoberNovemberDecember
15.44%
17.82%
PULS
AAA

Key characteristics

Sharpe Ratio

PULS:

12.16

AAA:

3.65

Sortino Ratio

PULS:

29.12

AAA:

6.15

Omega Ratio

PULS:

7.75

AAA:

1.81

Calmar Ratio

PULS:

61.13

AAA:

18.15

Martin Ratio

PULS:

376.83

AAA:

70.08

Ulcer Index

PULS:

0.02%

AAA:

0.10%

Daily Std Dev

PULS:

0.51%

AAA:

1.87%

Max Drawdown

PULS:

-5.85%

AAA:

-2.63%

Current Drawdown

PULS:

0.00%

AAA:

0.00%

Returns By Period

In the year-to-date period, PULS achieves a 5.98% return, which is significantly lower than AAA's 6.71% return.


PULS

YTD

5.98%

1M

0.48%

6M

2.91%

1Y

6.15%

5Y*

3.15%

10Y*

N/A

AAA

YTD

6.71%

1M

0.44%

6M

3.18%

1Y

6.92%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PULS vs. AAA - Expense Ratio Comparison

PULS has a 0.15% expense ratio, which is lower than AAA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


AAA
AAF First Priority CLO Bond ETF
Expense ratio chart for AAA: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for PULS: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

PULS vs. AAA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and AAF First Priority CLO Bond ETF (AAA). 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.


Sharpe ratio
The chart of Sharpe ratio for PULS, currently valued at 12.16, compared to the broader market0.002.004.0012.163.65
The chart of Sortino ratio for PULS, currently valued at 29.12, compared to the broader market-2.000.002.004.006.008.0010.0029.126.15
The chart of Omega ratio for PULS, currently valued at 7.75, compared to the broader market0.501.001.502.002.503.007.751.81
The chart of Calmar ratio for PULS, currently valued at 61.13, compared to the broader market0.005.0010.0015.0061.1318.15
The chart of Martin ratio for PULS, currently valued at 376.83, compared to the broader market0.0020.0040.0060.0080.00100.00376.8370.08
PULS
AAA

The current PULS Sharpe Ratio is 12.16, which is higher than the AAA Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of PULS and AAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio4.006.008.0010.0012.00JulyAugustSeptemberOctoberNovemberDecember
12.16
3.65
PULS
AAA

Dividends

PULS vs. AAA - Dividend Comparison

PULS's dividend yield for the trailing twelve months is around 5.62%, less than AAA's 6.21% yield.


TTM202320222021202020192018
PULS
PGIM Ultra Short Bond ETF
5.62%5.48%2.30%1.19%1.85%2.92%1.87%
AAA
AAF First Priority CLO Bond ETF
6.21%6.12%2.78%1.06%0.32%0.00%0.00%

Drawdowns

PULS vs. AAA - Drawdown Comparison

The maximum PULS drawdown since its inception was -5.85%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for PULS and AAA. For additional features, visit the drawdowns tool.


-0.40%-0.30%-0.20%-0.10%0.00%JulyAugustSeptemberOctoberNovemberDecember00
PULS
AAA

Volatility

PULS vs. AAA - Volatility Comparison

The current volatility for PGIM Ultra Short Bond ETF (PULS) is 0.12%, while AAF First Priority CLO Bond ETF (AAA) has a volatility of 0.54%. This indicates that PULS experiences smaller price fluctuations and is considered to be less risky than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%JulyAugustSeptemberOctoberNovemberDecember
0.12%
0.54%
PULS
AAA
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab