PAB vs PTRB
PGIM Active Aggregate Bond ETF vs PGIM Total Return Bond ETF
Which is better, PAB or PTRB?
Nearly the same fund. PAB costs less.
PAB has a lower expense ratio. PAB led over 1Y, PTRB over 3Y and the full window. 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 | PAB | PTRB |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.49% |
| AUM | $98M | $1.1B |
| Dividend Yield | 5.50% | 5.75% |
| Holdings | 466 | 2,659 |
| YTD Return | -2.03%Best | -2.27% |
| 1Y Return | -1.81%Best | -2.12% |
| 3Y Return (annualized) | +4.98% | +5.15%Best |
| 5Y Return (annualized) | -0.45% | - |
| Volatility (annualized) | 6.8%Best | 7.1% |
| Max Drawdown | -18.3%Best | -19.2% |
| $10,000 over 4.8 years | $9,828 | $9,847Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Apr 12, 2021 | Dec 2, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 8, 2021 to Oct 14, 2026 (4.8 years).
PAB vs PTRB 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 4.8 years both funds cover.
PAB vs PTRB Performance
PGIM Active Aggregate Bond ETF (PAB) is an ETF from PGIM Investments and PGIM Total Return Bond ETF (PTRB) is an ETF from PGIM Investments. Over the past year PAB returned -1.81% while PTRB returned -2.12%. Year to date, PAB is down 2.03% versus a loss of 2.27% for PTRB.
Over three years, PAB compounded at +4.98% per year against +5.15% for PTRB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTRB has been the more volatile fund, with annualized monthly volatility of 7.1% compared with 6.8% 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 -18.3% for PAB and -19.2% for PTRB. 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
PAB charges 0.19% per year while PTRB charges 0.49%. On a $10,000 position that is $19 vs $49 annually, a gap of $30 per year that compounds over a long holding period. On income, PAB currently yields 5.50% against 5.75% for PTRB.
Holdings Overlap
We hold position weights for 301 holdings in PAB and 675 in PTRB, totalling 64.9% and 52.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 63 positions appear in both.
63 positions in common, counted across the 301 positions we hold weights for in PAB and 675 in PTRB, against full books of 466 and 2,659.
Top Shared Holdings
| Stock | Weight in PAB | Weight in PTRB | Difference |
|---|---|---|---|
| PAAAPgim Etf Trust | 4.92% | 2.58% | 2.34% |
| PCSPgim Corporate Bond 0-5 Year Etf - | 1.26% | 0.86% | 0.40% |
| T 3 02/15/49Government Of The United States Of America 3.0% 15-Feb-2049 | 1.28% | 0.73% | 0.55% |
| PCIPgim Corporate Bond 5-10 Year Etf | 1.23% | 0.63% | 0.60% |
| T 3.25 05/15/42Us Treas Bds 3.25% 05/15/42 | 1.06% | 0.61% | 0.45% |
| T 1.875 11/15/51Government Of The United States Of America 1.875% 15-Nov-2051 | 1.01% | 0.33% | 0.68% |
| T 1.625 11/15/50US Treasury Bonds 1.62% 15-11-2050 | 0.65% | 0.34% | 0.31% |
| FNCL 5 9/11Fncl 5 9/25 Mtge | 0.72% | 0.17% | 0.55% |
| FNCL 5 10/11Fncl 5 10/26 | 0.72% | 0.17% | 0.55% |
| MS V1.794 02/13/32 MMorgan Stanley Mtn 1.79% Feb 13, 2032 | 0.16% | 0.43% | 0.27% |
You are not choosing between two funds in isolation.
Whichever of PAB and PTRB 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, PAB or PTRB?
PAB has an expense ratio of 0.19% while PTRB charges 0.49%. PAB is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, PAB or PTRB?
Over the past year PAB returned -1.81% vs -2.12% for PTRB, so PAB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAB or PTRB?
PTRB has been the more volatile fund at 7.1% annualized versus 6.8% for PAB. Worst drawdown: PAB -18.3% vs PTRB -19.2%.
Should I hold both PAB and PTRB?
PAB and PTRB 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, PAB or PTRB?
PAB yields 5.50% while PTRB yields 5.75%, so PTRB currently pays the higher dividend yield.
Is PTRB better than PAB?
PAB has a lower expense ratio. PAB led over 1Y, PTRB over 3Y and the full window. 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.