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PHYL vs PAAA

PGIM Active High Yield Bond ETF vs Pgim Aaa Clo Etf

PHYL

PGIM Active High Yield Bond ETF

Annual cost

0.39%

Fund size

$1.3B

PAAA

PGIM AAA CLO ETF

Annual cost

0.19%

Fund size

$10.2B

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

PHYLPAAA
Annual cost (TER)0.39%0.19%
Fund size (AUM)$1.3B$10.2B
Since20182023
Dividend yield7.66%5.33%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+7.0%+5.3%
CAGR 3Y+9.4%N/A
CAGR 5Y+4.1%N/A
Sharpe 3Y1.19N/A
Volatility 1Y3.30%0.49%
Max drawdown-22.07%-1.04%

Similar to PHYL and PAAA