FIIG vs PAB
First Trust Intermediate Duration Investment Grade Corporate ETF vs PGIM Active Aggregate Bond ETF
Which is better, FIIG or PAB?
Nearly the same fund. PAB costs less.
PAB has a lower expense ratio. FIIG led over 3Y and the full window, PAB over 1Y. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FIIG | PAB |
|---|---|---|
| Expense Ratio | 0.49% | 0.19%Best |
| AUM | $628M | $98M |
| Dividend Yield | 5.26% | 5.50% |
| Holdings | 471 | 466 |
| YTD Return | -3.13% | -2.03%Best |
| 1Y Return | -3.25% | -1.81%Best |
| 3Y Return (annualized) | +5.42%Best | +4.98% |
| 5Y Return (annualized) | - | -0.45% |
| Volatility (annualized) | 6.4% | 5.8%Best |
| Max Drawdown | -5.5% | -5.0%Best |
| $10,000 over 3.2 years | $11,435Best | $11,295 |
| Fund Family | First Trust Portfolios (US) | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Aug 2, 2023 | Apr 12, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 3, 2023 to Oct 14, 2026 (3.2 years).
FIIG vs PAB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
FIIG vs PAB Performance
First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an ETF from First Trust Portfolios (US) and PGIM Active Aggregate Bond ETF (PAB) is an ETF from PGIM Investments. Over the past year FIIG returned -3.25% while PAB returned -1.81%. Year to date, FIIG is down 3.13% versus a loss of 2.03% for PAB.
Over three years, FIIG compounded at +5.42% per year against +4.98% for PAB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIIG has been the more volatile fund, with annualized monthly volatility of 6.4% compared with 5.8% for PAB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.5% for FIIG and -5.0% for PAB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FIIG charges 0.49% per year while PAB charges 0.19%. On a $10,000 position that is $49 vs $19 annually, a gap of $30 per year that compounds over a long holding period. On income, FIIG currently yields 5.26% against 5.50% for PAB.
You are not choosing between two funds in isolation.
Whichever of FIIG and PAB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FIIG or PAB?
FIIG has an expense ratio of 0.49% while PAB charges 0.19%. PAB is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FIIG or PAB?
Over the past year FIIG returned -3.25% vs -1.81% for PAB, so PAB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FIIG or PAB?
FIIG has been the more volatile fund at 6.4% annualized versus 5.8% for PAB. Worst drawdown: FIIG -5.5% vs PAB -5.0%.
Should I hold both FIIG and PAB?
FIIG and PAB have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FIIG or PAB?
FIIG yields 5.26% while PAB yields 5.50%, so PAB currently pays the higher dividend yield.
Is PAB better than FIIG?
PAB has a lower expense ratio. FIIG led over 3Y and the full window, PAB over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.