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PAAA vs PHYL

Pgim Aaa Clo Etf vs PGIM Active High Yield Bond ETF

PAAA

PGIM AAA CLO ETF

Annual cost

0.19%

Fund size

$10.2B

PHYL

PGIM Active High Yield Bond ETF

Annual cost

0.39%

Fund size

$1.3B

Key differences

  • PAAA costs 0.20% less per year.
  • PAAA is significantly larger than PHYL — larger funds tend to be more liquid and less likely to close.
  • PHYL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PAAAPHYL
Annual cost (TER)0.19%0.39%
Fund size (AUM)$10.2B$1.3B
Since20232018
Dividend yield5.33%7.66%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+5.3%+7.0%
CAGR 3YN/A+9.4%
CAGR 5YN/A+4.1%
Sharpe 3YN/A1.19
Volatility 1Y0.49%3.30%
Max drawdown-1.04%-22.07%

Similar to PAAA and PHYL