PAAA vs FENI
Comparison between PGIM AAA CLO ETF (PAAA, ETF) and FIDELITY ENHANCED INTERNATIONAL ETF (FENI, ETF).
PAAA vs FENI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PAAA
$10B
Winner
FENI
$10B
Expense Ratio
Winner
PAAA
0.19%
FENI
0.28%
Max Drawdown
Winner
PAAA
1.81%
FENI
14.81%
Sharpe Ratio
Winner
PAAA
2.38
FENI
1.28
5Y Beta
Winner
PAAA
0.03
FENI
0.77
PAAA vs FENI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PAAA
+0.38%
FENI
-0.57%
3M
PAAA
+1.23%
Winner
FENI
+2.30%
6M
PAAA
+2.19%
Winner
FENI
+7.04%
1Y
PAAA
+5.02%
Winner
FENI
+25.26%
Max(CAGR)
PAAA
+6.49%
Winner
FENI
+22.71%
PAAA vs FENI - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | PAAA | FENI |
|---|---|---|
| 2026 | +2.48% | +9.90% |
| 2025 | +5.35% | +37.68% |
| 2024 | +7.42% | +7.95% |
| 2023 | +3.82% | +5.33% |
PAAA vs FENI Drawdown Comparison
The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.
The maximum drawdown for FENI was -14.20%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The current FENI drawdown is -1.65%.
| Rank | PAAA | FENI |
|---|---|---|
| #1 | -1.04% Apr 1, 2025 - Apr 25, 2025 | -14.20% Mar 19, 2025 - May 2, 2025 |
| #2 | -0.27% Feb 7, 2024 - Feb 22, 2024 | -11.47% Feb 25, 2026 - Jun 15, 2026 |
| #3 | -0.25% Mar 3, 2025 - Mar 27, 2025 | -9.95% Sep 26, 2024 - Feb 18, 2025 |
| #4 | -0.17% Feb 26, 2026 - Mar 17, 2026 | -8.27% Jul 12, 2024 - Aug 23, 2024 |
| #5 | -0.17% Nov 24, 2023 - Nov 29, 2023 | -5.26% Nov 12, 2025 - Dec 10, 2025 |
| #6 | -0.16% Mar 27, 2025 - Apr 1, 2025 | -4.76% Mar 27, 2024 - May 9, 2024 |
| #7 | -0.12% Oct 14, 2025 - Oct 20, 2025 | -4.16% Jul 23, 2025 - Aug 12, 2025 |
| #8 | -0.09% Mar 5, 2024 - Mar 13, 2024 | -3.81% Aug 30, 2024 - Sep 19, 2024 |
| #9 | -0.08% Aug 9, 2024 - Aug 14, 2024 | -3.39% Jun 6, 2024 - Jul 11, 2024 |
| #10 | -0.08% Feb 20, 2025 - Feb 26, 2025 | -3.15% Oct 6, 2025 - Oct 28, 2025 |
| #11 | -0.06% May 2, 2025 - May 8, 2025 | -2.91% Mar 7, 2025 - Mar 18, 2025 |
| #12 | -0.06% May 8, 2025 - May 12, 2025 | -2.72% Jun 12, 2025 - Jun 27, 2025 |
| #13 | -0.06% Nov 12, 2024 - Nov 15, 2024 | -2.55% Aug 22, 2025 - Sep 10, 2025 |
| #14 | -0.06% Nov 15, 2024 - Nov 21, 2024 | -2.37% Dec 28, 2023 - Jan 26, 2024 |
| #15 | -0.05% Jan 23, 2024 - Jan 29, 2024 | -2.37% Jun 22, 2026 - Jul 6, 2026 |
Correlation
Correlation between PAAA and FENI is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2023 - 2026)
PAAA vs FENI dividend yield comparison.
| Year | PAAA | FENI |
|---|---|---|
| 2026 | 2.28% | 1.61% |
| 2025 | 5.12% | 2.99% |
| 2024 | 5.88% | 3.02% |
| 2023 | 2.76% | 0.00% |
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