PAAA vs SUB
Comparison between PGIM AAA CLO ETF (PAAA, ETF) and ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB, ETF).
PAAA vs SUB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PAAA
$11B
Winner
SUB
$11B
Expense Ratio
PAAA
0.19%
Winner
SUB
0.07%
Max Drawdown
Winner
PAAA
1.81%
SUB
11.72%
Sharpe Ratio
Winner
PAAA
2.33
SUB
-1.57
5Y Beta
PAAA
0.03
Winner
SUB
0.01
5Y Dividends CAGR
PAAA
N/A
SUB
19.75%
PAAA vs SUB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PAAA
+0.43%
SUB
+0.20%
3M
Winner
PAAA
+1.16%
SUB
+0.56%
6M
Winner
PAAA
+2.24%
SUB
+0.41%
1Y
Winner
PAAA
+4.99%
SUB
+2.04%
5Y(CAGR)
PAAA
N/A
SUB
+1.47%
10Y(CAGR)
PAAA
N/A
SUB
+1.46%
Max(CAGR)
Winner
PAAA
+6.47%
SUB
+1.59%
PAAA vs SUB - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | PAAA | SUB |
|---|---|---|
| 2026 | +2.82% | +1.05% |
| 2025 | +5.35% | +3.55% |
| 2024 | +7.42% | +2.26% |
| 2023 | +3.82% | +2.83% |
| 2022 | N/A | -2.02% |
| 2021 | N/A | +0.17% |
| 2020 | N/A | +2.58% |
| 2019 | N/A | +3.00% |
| 2018 | N/A | +1.88% |
| 2017 | N/A | +0.83% |
| 2016 | N/A | +0.01% |
| 2015 | N/A | +0.71% |
| 2014 | N/A | +0.54% |
| 2013 | N/A | +0.77% |
| 2012 | N/A | +0.41% |
| 2011 | N/A | +3.85% |
| 2010 | N/A | +0.55% |
| 2009 | N/A | +4.28% |
| 2008 | N/A | +1.68% |
PAAA vs SUB Drawdown Comparison
The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.
The maximum drawdown for SUB was -9.46%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.
| Rank | PAAA | SUB |
|---|---|---|
| #1 | -1.04% Apr 1, 2025 - Apr 25, 2025 | -9.46% Mar 6, 2020 - May 19, 2020 |
| #2 | -0.27% Feb 7, 2024 - Feb 22, 2024 | -6.40% Jan 16, 2009 - Sep 12, 2011 |
| #3 | -0.25% Mar 3, 2025 - Mar 27, 2025 | -4.92% Jan 13, 2009 - Jan 16, 2009 |
| #4 | -0.17% Feb 26, 2026 - Mar 17, 2026 | -4.35% Jul 22, 2021 - Dec 13, 2023 |
| #5 | -0.17% Nov 24, 2023 - Nov 29, 2023 | -2.43% Mar 1, 2013 - Oct 24, 2013 |
| #6 | -0.16% Mar 27, 2025 - Apr 1, 2025 | -1.71% Aug 24, 2016 - May 23, 2017 |
| #7 | -0.12% Oct 14, 2025 - Oct 20, 2025 | -1.46% Jan 17, 2012 - Mar 1, 2013 |
| #8 | -0.09% Mar 5, 2024 - Mar 13, 2024 | -1.25% Sep 7, 2017 - Nov 29, 2018 |
| #9 | -0.08% Aug 9, 2024 - Aug 14, 2024 | -1.23% Apr 4, 2025 - May 29, 2025 |
| #10 | -0.08% Feb 20, 2025 - Feb 26, 2025 | -0.92% Oct 2, 2024 - Jan 27, 2025 |
| #11 | -0.06% May 2, 2025 - May 8, 2025 | -0.87% Jan 30, 2015 - Oct 2, 2015 |
| #12 | -0.06% May 8, 2025 - May 12, 2025 | -0.80% Feb 23, 2026 - Jun 18, 2026 |
| #13 | -0.06% Nov 12, 2024 - Nov 15, 2024 | -0.77% Aug 15, 2019 - Nov 27, 2019 |
| #14 | -0.06% Nov 15, 2024 - Nov 21, 2024 | -0.75% Sep 12, 2011 - Dec 2, 2011 |
| #15 | -0.05% Jan 23, 2024 - Jan 29, 2024 | -0.68% Dec 27, 2023 - May 8, 2024 |
Correlation
Correlation between PAAA and SUB is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2008 - 2026)
PAAA vs SUB dividend yield comparison.
| Year | PAAA | SUB |
|---|---|---|
| 2026 | 2.67% | 1.49% |
| 2025 | 5.12% | 2.42% |
| 2024 | 5.88% | 2.10% |
| 2023 | 2.76% | 1.73% |
| 2022 | 0.00% | 0.86% |
| 2021 | 0.00% | 0.72% |
| 2020 | 0.00% | 1.23% |
| 2019 | 0.00% | 1.58% |
| 2018 | 0.00% | 1.32% |
| 2017 | 0.00% | 0.95% |
| 2016 | 0.00% | 0.75% |
| 2015 | 0.00% | 0.77% |
| 2014 | 0.00% | 0.76% |
| 2013 | 0.00% | 0.84% |
| 2012 | 0.00% | 0.99% |
| 2011 | 0.00% | 1.27% |
| 2010 | 0.00% | 1.28% |
| 2009 | 0.00% | 1.44% |
| 2008 | 0.00% | 0.33% |
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