TFLR vs. PFRL
Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and PGIM Floating Rate Income ETF (PFRL).
TFLR and PFRL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. PFRL is an actively managed fund by PGIM. It was launched on May 17, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLR or PFRL.
Correlation
The correlation between TFLR and PFRL is 0.47, 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.
Performance
TFLR vs. PFRL - Performance Comparison
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Key characteristics
TFLR:
1.11
PFRL:
0.78
TFLR:
1.53
PFRL:
0.93
TFLR:
1.37
PFRL:
1.41
TFLR:
1.51
PFRL:
0.75
TFLR:
9.78
PFRL:
6.08
TFLR:
0.65%
PFRL:
1.09%
TFLR:
5.72%
PFRL:
8.58%
TFLR:
-4.23%
PFRL:
-8.83%
TFLR:
0.00%
PFRL:
-0.05%
Returns By Period
The year-to-date returns for both stocks are quite close, with TFLR having a 1.35% return and PFRL slightly lower at 1.33%.
TFLR
1.35%
3.20%
2.29%
6.33%
N/A
N/A
PFRL
1.33%
3.16%
2.17%
6.61%
N/A
N/A
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TFLR vs. PFRL - Expense Ratio Comparison
TFLR has a 0.60% expense ratio, which is lower than PFRL's 0.72% expense ratio.
Risk-Adjusted Performance
TFLR vs. PFRL — Risk-Adjusted Performance Rank
TFLR
PFRL
TFLR vs. PFRL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) 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.
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Dividends
TFLR vs. PFRL - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 7.16%, less than PFRL's 8.31% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 7.16% | 8.18% | 7.76% | 0.58% |
PFRL PGIM Floating Rate Income ETF | 8.31% | 8.96% | 9.84% | 3.55% |
Drawdowns
TFLR vs. PFRL - Drawdown Comparison
The maximum TFLR drawdown since its inception was -4.23%, smaller than the maximum PFRL drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for TFLR and PFRL. For additional features, visit the drawdowns tool.
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Volatility
TFLR vs. PFRL - Volatility Comparison
T. Rowe Price Floating Rate ETF (TFLR) has a higher volatility of 0.69% compared to PGIM Floating Rate Income ETF (PFRL) at 0.55%. This indicates that TFLR'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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