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.
Key characteristics
| TFLR | PFRL | |
|---|---|---|
| YTD Return | 7.61% | 8.38% |
| 1Y Return | 10.35% | 11.45% |
| Sharpe Ratio | 4.10 | 5.63 |
| Sortino Ratio | 6.54 | 8.94 |
| Omega Ratio | 1.99 | 2.52 |
| Calmar Ratio | 10.04 | 11.35 |
| Martin Ratio | 60.07 | 80.04 |
| Ulcer Index | 0.18% | 0.15% |
| Daily Std Dev | 2.58% | 2.08% |
| Max Drawdown | -1.48% | -3.27% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between TFLR and PFRL is 0.65, 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
In the year-to-date period, TFLR achieves a 7.61% return, which is significantly lower than PFRL's 8.38% return. 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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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 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.
Dividends
TFLR vs. PFRL - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 8.24%, less than PFRL's 9.32% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 8.24% | 7.76% | 0.58% |
PFRL PGIM Floating Rate Income ETF | 9.32% | 9.84% | 3.55% |
Drawdowns
TFLR vs. PFRL - Drawdown Comparison
The maximum TFLR drawdown since its inception was -1.48%, smaller than the maximum PFRL drawdown of -3.27%. Use the drawdown chart below to compare losses from any high point for TFLR and PFRL. For additional features, visit the drawdowns tool.
Volatility
TFLR vs. PFRL - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate ETF (TFLR) is 0.44%, while PGIM Floating Rate Income ETF (PFRL) has a volatility of 0.49%. This indicates that TFLR experiences smaller price fluctuations and is considered to be less risky than PFRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.