PFRL vs VOO
PGIM Floating Rate Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | PFRL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.03% | |
| AUM | $125M | $997.4B | |
| Dividend Yield | 7.67% | 1.08% | |
| Holdings | 429 | 509 | |
| YTD Return | +3.72% | +12.68% | |
| 1Y Return | +5.75% | +21.87% | |
| 3Y Return (annualized) | +8.00% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 3.5% | 14.1% | |
| Max Drawdown | -8.8% | -34.3% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 17, 2022 | Sep 7, 2010 |
PFRL vs VOO Performance
PGIM Floating Rate Income ETF (PFRL) is a ETF from PGIM Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PFRL returned +5.75% while VOO returned +21.87%. Year to date, PFRL is up 3.72% versus a gain of 12.68% for VOO.
Over three years, PFRL compounded at +8.00% per year against +22.06% for VOO. Across the full 4-year window we track, VOO has the edge at +13.47% annualized vs +8.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.5% for PFRL. 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 -8.8% for PFRL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PFRL charges 0.72% per year while VOO charges 0.03%. On a $10,000 position that is $72 vs $3 annually, a gap of $69 per year that compounds over a long holding period. On income, PFRL currently yields 7.67% against 1.08% for VOO.
Holdings Overlap
PFRL and VOO share 1 holdings out of 539 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PFRL | Weight in VOO | Difference |
|---|---|---|---|
| C | 0.12% | 0.36% | 0.24% |
Frequently Asked Questions
Which is cheaper, PFRL or VOO?
PFRL has an expense ratio of 0.72% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, PFRL or VOO?
Over the past year PFRL returned +5.75% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), PFRL annualized +8.03% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, PFRL or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.5% for PFRL. Worst drawdown: PFRL -8.8% vs VOO -34.3%.
Should I hold both PFRL and VOO?
PFRL and VOO have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PFRL and VOO?
PFRL and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, PFRL or VOO?
PFRL yields 7.67% while VOO yields 1.08%, so PFRL currently pays the higher dividend yield.
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