APCB vs PTRB
ActivePassive Core Bond ETF vs PGIM Total Return Bond ETF
Which is better, APCB or PTRB?
Nearly the same fund. APCB costs less.
APCB has a lower expense ratio. APCB led over 1Y, PTRB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | APCB | PTRB |
|---|---|---|
| Expense Ratio | 0.36%Best | 0.49% |
| AUM | $989M | $1.1B |
| Dividend Yield | 4.44% | 5.75% |
| Holdings | 3,770 | 2,659 |
| YTD Return | -1.56%Best | -1.73% |
| 1Y Return | -1.46%Best | -1.48% |
| 3Y Return (annualized) | +4.13% | +5.34%Best |
| Volatility (annualized) | 5.2%Best | 5.7% |
| Max Drawdown | -6.4% | -6.2%Best |
| $10,000 over 3.5 years | $10,710 | $11,147Best |
| Fund Family | Envestnet Asset Management | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Dec 2, 2021 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: May 3, 2023 to Oct 15, 2026 (3.5 years).
APCB 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 3.5 years both funds cover.
APCB vs PTRB Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and PGIM Total Return Bond ETF (PTRB) is an ETF from PGIM Investments. Over the past year APCB returned -1.46% while PTRB returned -1.48%. Year to date, APCB is down 1.56% versus a loss of 1.73% for PTRB.
Over three years, APCB compounded at +4.13% per year against +5.34% for PTRB. Across the full 4-year window we track, PTRB has the edge at +3.15% annualized vs +1.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTRB has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 5.2% for APCB. 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 -6.4% for APCB and -6.2% 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while PTRB charges 0.49%. On a $10,000 position that is $36 vs $49 annually, a gap of $13 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 5.75% for PTRB.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 675 in PTRB, totalling 75.9% 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, 83 positions appear in both.
83 positions in common, counted across the 1,221 positions we hold weights for in APCB and 675 in PTRB, against full books of 3,770 and 2,659.
Top Shared Holdings
| Stock | Weight in APCB | Weight in PTRB | Difference |
|---|---|---|---|
| T 4.125 08/15/44United States Treasury Bond 0.04% Aug 15/44 | 0.16% | 3.06% | 2.90% |
| T 4.625 05/15/44U.S. Treasury Bonds 2044-05-15 | 0.24% | 0.62% | 0.38% |
| T 3 02/15/49Government Of The United States Of America 3.0% 15-Feb-2049 | 0.11% | 0.73% | 0.62% |
| T 5 05/15/45Us Treas Bds 5% 05/15/45 | 0.02% | 0.68% | 0.66% |
| T 3.25 05/15/42Us Treas Bds 3.25% 05/15/42 | 0.05% | 0.61% | 0.56% |
| T 1.875 11/15/51Government Of The United States Of America 1.875% 15-Nov-2051 | 0.27% | 0.33% | 0.06% |
| T 1.625 11/15/50US Treasury Bonds 1.62% 15-11-2050 | 0.25% | 0.34% | 0.09% |
| T 1.875 02/15/32Treasury Note (Otr) 1.88% Feb 15, 2032 | 0.23% | 0.33% | 0.10% |
| T 4 02/15/34United States Treasury 4.00% 15-Feb-2034 | 0.25% | 0.30% | 0.05% |
| T 2.25 08/15/49U.s. Treasury Bonds 2.25 08/15/2049 | 0.06% | 0.43% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of APCB 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, APCB or PTRB?
APCB has an expense ratio of 0.36% while PTRB charges 0.49%. APCB is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, APCB or PTRB?
Over the past year APCB returned -1.46% vs -1.48% for PTRB, so APCB leads on 1-year performance. Over the longest common window we track (4 years), APCB annualized +1.98% vs +3.15% for PTRB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or PTRB?
PTRB has been the more volatile fund at 5.7% annualized versus 5.2% for APCB. Worst drawdown: APCB -6.4% vs PTRB -6.2%.
Should I hold both APCB and PTRB?
APCB and PTRB have a monthly-return correlation of 0.99, 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, APCB or PTRB?
APCB yields 4.44% while PTRB yields 5.75%, so PTRB currently pays the higher dividend yield.
Is PTRB better than APCB?
APCB has a lower expense ratio. APCB led over 1Y, PTRB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.