PAAA vs SPYI
Comparison between PGIM AAA CLO ETF (PAAA, ETF) and NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF).
PAAA vs SPYI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PAAA
$11B
SPYI
$11B
Expense Ratio
Winner
PAAA
0.19%
SPYI
0.68%
Max Drawdown
Winner
PAAA
1.81%
SPYI
18.53%
Sharpe Ratio
Winner
PAAA
2.33
SPYI
1.39
5Y Beta
Winner
PAAA
0.03
SPYI
0.83
P/E Ratio
PAAA
N/A
SPYI
25.58
Forward P/E
PAAA
N/A
SPYI
20.60
PEG Ratio
PAAA
N/A
SPYI
0.28
5Y EPS CAGR
PAAA
N/A
SPYI
29.29%
Debt to Equity
PAAA
N/A
SPYI
43.55%
P/S Ratio
PAAA
N/A
SPYI
3.69
P/B Ratio
PAAA
N/A
SPYI
5.42
PAAA vs SPYI - Historical Returns
Returns include dividend reinvestment.
1M
PAAA
+0.39%
Winner
SPYI
+1.92%
3M
PAAA
+1.10%
Winner
SPYI
+4.39%
6M
PAAA
+2.22%
Winner
SPYI
+8.93%
1Y
PAAA
+4.97%
Winner
SPYI
+19.26%
Max(CAGR)
PAAA
+6.46%
Winner
SPYI
+15.59%
PAAA vs SPYI - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | PAAA | SPYI |
|---|---|---|
| 2026 | +2.84% | +10.54% |
| 2025 | +5.35% | +16.80% |
| 2024 | +7.42% | +19.49% |
| 2023 | +3.82% | +18.18% |
| 2022 | N/A | -2.44% |
PAAA vs SPYI Drawdown Comparison
The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.
The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
| Rank | PAAA | SPYI |
|---|---|---|
| #1 | -1.04% Apr 1, 2025 - Apr 25, 2025 | -16.46% Feb 19, 2025 - Jun 25, 2025 |
| #2 | -0.27% Feb 7, 2024 - Feb 22, 2024 | -10.18% Sep 12, 2022 - Feb 1, 2023 |
| #3 | -0.25% Mar 3, 2025 - Mar 27, 2025 | -7.70% Feb 25, 2026 - Apr 15, 2026 |
| #4 | -0.17% Feb 26, 2026 - Mar 17, 2026 | -7.54% Jul 28, 2023 - Dec 13, 2023 |
| #5 | -0.17% Nov 24, 2023 - Nov 29, 2023 | -6.60% Jul 16, 2024 - Aug 19, 2024 |
| #6 | -0.16% Mar 27, 2025 - Apr 1, 2025 | -6.03% Feb 6, 2023 - Apr 13, 2023 |
| #7 | -0.12% Oct 14, 2025 - Oct 20, 2025 | -4.65% Mar 28, 2024 - May 15, 2024 |
| #8 | -0.09% Mar 5, 2024 - Mar 13, 2024 | -3.96% Nov 12, 2025 - Nov 28, 2025 |
| #9 | -0.08% Aug 9, 2024 - Aug 14, 2024 | -3.83% Jun 2, 2026 - Jul 10, 2026 |
| #10 | -0.08% Feb 20, 2025 - Feb 26, 2025 | -3.50% Aug 30, 2024 - Sep 19, 2024 |
| #11 | -0.06% May 2, 2025 - May 8, 2025 | -3.11% Dec 6, 2024 - Jan 22, 2025 |
| #12 | -0.06% May 8, 2025 - May 12, 2025 | -2.85% Jul 15, 2026 - Aug 3, 2026 |
| #13 | -0.06% Nov 12, 2024 - Nov 15, 2024 | -2.32% Oct 8, 2025 - Oct 20, 2025 |
| #14 | -0.06% Nov 15, 2024 - Nov 21, 2024 | -2.15% Feb 2, 2026 - Feb 25, 2026 |
| #15 | -0.05% Jan 23, 2024 - Jan 29, 2024 | -2.09% Dec 11, 2025 - Dec 22, 2025 |
Correlation
Correlation between PAAA and SPYI is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2022 - 2026)
PAAA vs SPYI dividend yield comparison.
| Year | PAAA | SPYI |
|---|---|---|
| 2026 | 2.67% | 6.80% |
| 2025 | 5.12% | 11.70% |
| 2024 | 5.88% | 12.04% |
| 2023 | 2.76% | 12.01% |
| 2022 | 0.00% | 4.10% |
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