XHYT vs. PFRL
Compare and contrast key facts about BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) and PGIM Floating Rate Income ETF (PFRL).
XHYT and PFRL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYT is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Telecom, Media, & Technology Index. It was launched on Feb 15, 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: XHYT or PFRL.
Key characteristics
| XHYT | PFRL | |
|---|---|---|
| YTD Return | 7.41% | 8.38% |
| 1Y Return | 14.21% | 11.45% |
| Sharpe Ratio | 2.75 | 5.63 |
| Sortino Ratio | 4.27 | 8.94 |
| Omega Ratio | 1.53 | 2.52 |
| Calmar Ratio | 2.24 | 11.35 |
| Martin Ratio | 8.89 | 80.04 |
| Ulcer Index | 1.72% | 0.15% |
| Daily Std Dev | 5.50% | 2.08% |
| Max Drawdown | -13.49% | -3.27% |
| Current Drawdown | -0.17% | -0.09% |
Correlation
The correlation between XHYT and PFRL is 0.40, 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.
Performance
XHYT vs. PFRL - Performance Comparison
In the year-to-date period, XHYT achieves a 7.41% 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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XHYT vs. PFRL - Expense Ratio Comparison
XHYT has a 0.35% expense ratio, which is lower than PFRL's 0.72% expense ratio.
Risk-Adjusted Performance
XHYT vs. PFRL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) 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
XHYT vs. PFRL - Dividend Comparison
XHYT's dividend yield for the trailing twelve months is around 8.08%, less than PFRL's 9.32% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XHYT BondBloxx US High Yield Telecom Media Technology Sector ETF | 8.08% | 7.54% | 5.72% |
PFRL PGIM Floating Rate Income ETF | 9.32% | 9.84% | 3.55% |
Drawdowns
XHYT vs. PFRL - Drawdown Comparison
The maximum XHYT drawdown since its inception was -13.49%, which is greater than PFRL's maximum drawdown of -3.27%. Use the drawdown chart below to compare losses from any high point for XHYT and PFRL. For additional features, visit the drawdowns tool.
Volatility
XHYT vs. PFRL - Volatility Comparison
BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) has a higher volatility of 1.43% compared to PGIM Floating Rate Income ETF (PFRL) at 0.49%. This indicates that XHYT'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.