PAB vs TOTR
PGIM Active Aggregate Bond ETF vs T. Rowe Price Total Return ETF
Which is better, PAB or TOTR?
Nearly the same fund. PAB costs less.
PAB has a lower expense ratio. PAB led over 5Y and the full window, TOTR over 1Y and 3Y. 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 | PAB | TOTR |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.31% |
| AUM | $104M | $536M |
| Dividend Yield | 5.39% | 5.39% |
| Holdings | 983 | 2,665 |
| YTD Return | -0.71%Best | -0.75% |
| 1Y Return | -0.56% | -0.52%Best |
| 3Y Return (annualized) | +5.05% | +5.14%Best |
| 5Y Return (annualized) | -0.13%Best | -0.56% |
| Volatility (annualized) | 6.7% | 6.6%Best |
| Max Drawdown | -18.8%Best | -19.6% |
| $10,000 over 5 years | $9,935Best | $9,723 |
| Fund Family | PGIM Investments | T.Rowe Price |
| Category | Fixed Income | Fixed Income |
| Inception | Apr 12, 2021 | Sep 28, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2021 to Nov 11, 2026 (5.1 years).
PAB vs TOTR 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 5.1 years both funds cover.
PAB vs TOTR Performance
PGIM Active Aggregate Bond ETF (PAB) is an ETF from PGIM Investments and T. Rowe Price Total Return ETF (TOTR) is an ETF from T.Rowe Price. Over the past year PAB returned -0.56% while TOTR returned -0.52%. Year to date, PAB is down 0.71% versus a loss of 0.75% for TOTR.
Over three years, PAB compounded at +5.05% per year against +5.14% for TOTR; over five years the annualized figures are -0.13% and -0.56% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAB has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 6.6% for TOTR. 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 -18.8% for PAB and -19.6% for TOTR. 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
PAB charges 0.19% per year while TOTR charges 0.31%. On a $10,000 position that is $19 vs $31 annually, a gap of $12 per year that compounds over a long holding period. On income, PAB currently yields 5.39% against 5.39% for TOTR.
Holdings Overlap
We hold position weights for 305 holdings in PAB and 488 in TOTR, totalling 63.1% and 41.1% 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, 18 positions appear in both.
18 positions in common, counted across the 305 positions we hold weights for in PAB and 488 in TOTR, against full books of 983 and 2,665.
Top Shared Holdings
| Stock | Weight in PAB | Weight in TOTR | Difference |
|---|---|---|---|
| T 4.5 12/31/31U.S. Treasury Note, 4.50%, Due 12/31/2031 | 0.89% | 1.06% | 0.17% |
| T 3.25 05/15/42Us Treas Bds 3.25% 05/15/42 | 1.04% | 0.01% | 1.03% |
| G2 MA8346Gnma Ii Pool Ma8346 | 0.65% | 0.09% | 0.56% |
| FN MA4325Fannie Mae 2 05/01/2051 | 0.44% | 0.26% | 0.18% |
| FR SD8299Freddie Mac Pool 5 02/01/2053 | 0.47% | 0.13% | 0.34% |
| T 4 11/15/52United States Treasury Note/Bond | 0.11% | 0.45% | 0.34% |
| STACR 2022-DNA3 M1BFreddie Mac Stacr Remic Trust Series 2022-Dna3 Cl. M1B 3.15% Apr 25/42 3.15069% 4/25/2042 | 0.03% | 0.32% | 0.29% |
| FN MA4783Fannie Mae Pool 4 | 0.20% | 0.10% | 0.10% |
| WFC V2.572 02/11/31 | 0.26% | 0.02% | 0.24% |
| G2 MB0091Gnma2 30Yr 5% Dec 20, 2054 | 0.17% | 0.09% | 0.08% |
You are not choosing between two funds in isolation.
Whichever of PAB and TOTR 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 TOTR?
PAB has an expense ratio of 0.19% while TOTR charges 0.31%. PAB is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, PAB or TOTR?
Over the past year PAB returned -0.56% vs -0.52% for TOTR, so TOTR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAB or TOTR?
PAB has been the more volatile fund at 6.7% annualized versus 6.6% for TOTR. Worst drawdown: PAB -18.8% vs TOTR -19.6%.
Should I hold both PAB and TOTR?
PAB and TOTR 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, PAB or TOTR?
PAB yields 5.39% while TOTR yields 5.39%, so TOTR currently pays the higher dividend yield.
Is TOTR better than PAB?
PAB has a lower expense ratio. PAB led over 5Y and the full window, TOTR over 1Y and 3Y. 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.