PFRL vs VTI
PGIM Floating Rate Income ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PFRL | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.03% | |
| AUM | $125M | $666.9B | |
| Dividend Yield | 7.67% | 1.07% | |
| Holdings | 429 | 3,543 | |
| YTD Return | +3.72% | +13.14% | |
| 1Y Return | +5.75% | +22.35% | |
| 3Y Return (annualized) | +8.00% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 3.5% | 15.3% | |
| Max Drawdown | -8.8% | -56.6% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 17, 2022 | May 24, 2001 |
PFRL vs VTI Performance
PGIM Floating Rate Income ETF (PFRL) is a ETF from PGIM Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PFRL returned +5.75% while VTI returned +22.35%. Year to date, PFRL is up 3.72% versus a gain of 13.14% for VTI.
Over three years, PFRL compounded at +8.00% per year against +21.83% for VTI. Across the full 4-year window we track, VTI has the edge at +8.09% annualized vs +8.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PFRL charges 0.72% per year while VTI 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 1.07% for VTI.
Holdings Overlap
PFRL and VTI share 1 holdings out of 2821 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 VTI | Difference |
|---|---|---|---|
| C | 0.12% | 0.32% | 0.20% |
Frequently Asked Questions
Which is cheaper, PFRL or VTI?
PFRL has an expense ratio of 0.72% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, PFRL or VTI?
Over the past year PFRL returned +5.75% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), PFRL annualized +8.03% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, PFRL or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.5% for PFRL. Worst drawdown: PFRL -8.8% vs VTI -56.6%.
Should I hold both PFRL and VTI?
PFRL and VTI have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PFRL and VTI?
PFRL and VTI share 1 common holdings with a 0.1% weight overlap. Combined, they hold 2821 unique securities.
Which pays a higher dividend, PFRL or VTI?
PFRL yields 7.67% while VTI yields 1.07%, so PFRL currently pays the higher dividend yield.
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