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PMIO vs PHYL

PGIM Municipal Income Opportunities ETF vs PGIM Active High Yield Bond ETF

PMIO

PGIM Municipal Income Opportunities ETF

Annual cost

0.25%

Fund size

$44M

PHYL

PGIM Active High Yield Bond ETF

Annual cost

0.39%

Fund size

$1.3B

Key differences

  • PMIO costs 0.14% less per year.
  • PHYL is significantly larger than PMIO — 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

PMIOPHYL
Annual cost (TER)0.25%0.39%
Fund size (AUM)$44M$1.3B
Since20242018
Dividend yield4.33%7.71%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+6.5%+8.3%
CAGR 3YN/A+9.5%
CAGR 5YN/A+4.3%
Sharpe 3YN/A1.21
Volatility 1Y2.26%3.26%
Max drawdown-3.38%-22.07%

Similar to PMIO and PHYL