UNIY vs. PAB
UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) and PAB (PGIM Active Aggregate Bond ETF) are both Intermediate Core Bond funds. UNIY is passively managed, while PAB is actively managed. Over the past 3 years, UNIY returned 4.51%/yr vs 4.45%/yr for PAB. With a 0.95 correlation, they move nearly in lockstep. UNIY charges 0.15%/yr vs 0.19%/yr for PAB.
Performance
UNIY vs. PAB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UNIY achieves a 0.40% return, which is significantly higher than PAB's 0.17% return.
UNIY
- 1D
- -0.21%
- 1M
- 0.38%
- YTD
- 0.40%
- 6M
- 0.35%
- 1Y
- 5.54%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
PAB
- 1D
- -0.20%
- 1M
- 0.26%
- YTD
- 0.17%
- 6M
- 0.12%
- 1Y
- 5.49%
- 3Y*
- 4.45%
- 5Y*
- 0.15%
- 10Y*
- —
UNIY vs. PAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.40% | 7.37% | 1.86% | 3.90% |
PAB PGIM Active Aggregate Bond ETF | 0.17% | 7.55% | 1.89% | 3.46% |
Correlation
The correlation between UNIY and PAB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.95 |
The correlation between UNIY and PAB has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UNIY vs. PAB — Risk / Return Rank
UNIY
PAB
UNIY vs. PAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and PGIM Active Aggregate Bond ETF (PAB). 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.
| UNIY | PAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.92 | +0.27 |
| Martin ratioReturn relative to average drawdown | 6.84 | 5.81 | +1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UNIY | PAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.42 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.03 | +0.81 |
Drawdowns
UNIY vs. PAB - Drawdown Comparison
The maximum UNIY drawdown since its inception was -6.27%, smaller than the maximum PAB drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for UNIY and PAB.
Loading charts...
Drawdown Indicators
| UNIY | PAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -19.27% | +13.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -2.86% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -5.95% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.27% | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.70% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -7.83% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.95% | -0.14% |
Volatility
UNIY vs. PAB - Volatility Comparison
The current volatility for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) is 1.26%, while PGIM Active Aggregate Bond ETF (PAB) has a volatility of 1.35%. This indicates that UNIY experiences smaller price fluctuations and is considered to be less risky than PAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UNIY | PAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.35% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.79% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.89% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 6.22% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 6.16% | -1.31% |
UNIY vs. PAB - Expense Ratio Comparison
UNIY has a 0.15% expense ratio, which is lower than PAB's 0.19% 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%.
Dividends
UNIY vs. PAB - Dividend Comparison
UNIY's dividend yield for the trailing twelve months is around 4.85%, more than PAB's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PAB PGIM Active Aggregate Bond ETF | 4.56% | 4.28% | 4.25% | 3.70% | 2.81% | 2.34% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, UNIY and PAB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PAB has higher volatility (1.35%) compared to UNIY (1.26%). In terms of maximum drawdown, UNIY dropped -6.27% vs PAB's -19.27%.
On 3-year performance, UNIY leads with 4.51% vs 4.45% for PAB. On fees, UNIY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UNIY has performed better with a 4.51% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNIY is cheaper with a 0.15% expense ratio, compared with 0.19% for PAB.
UNIY has the higher dividend yield at 4.85%, compared with 4.56% for PAB.
They also come from different issuers: WisdomTree and PGIM. Their fees differ too: 0.15% for UNIY and 0.19% for PAB.
UNIY currently has the higher Sharpe Ratio (1.50 vs 1.42), 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.
Find the right allocation for UNIY and PAB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer