PGIM Active Aggregate Bond ETF (PAB) Performance
PAB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.1% since Dec 31, 2025
- 1 year
- −1.1% total return
- 5 years
- −0.1% a year
- Since first price
- −0.0% a year since 2021
PAB trailing returns vs AGG, TLT, SPY
| Period | PAB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.4% | −1.4% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −3.8% | −1.5% | −3.8% | +7.8% |
| YTD | −1.1% | −4.3% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.1% | −5.4% | −1.1% | −6.9% | +14.4% |
| 3 years | +18.0%+5.7%/yr | +3.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −0.6%−0.1%/yr | −18.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionApr 15, 2021 | −0.2%−0.0%/yr | −18.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PAB vs AGG
From Apr 15, 2021: PAB grew to $9,979, AGG to $9,944.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PAB returns by calendar year
3 of 4 full years positive. Best 2025 (+7.6%), worst 2022 (−14.2%). 2026 is year to date.
PAB annual returns table
| Year | PAB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.1% | −4.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.6% | −2.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +1.9% | −4.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.4% | −7.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −14.2% | −17.4% | −13.0% | −31.2% | −18.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PAB largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 2, 2021 | −19.3% | Oct 24, 2022 | Feb 13, 2026 | 1.2 years | 4.5 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
PAB risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +4.4% | −0.6% | −0.3% |
| Volatility (annualized) | 5.7% | 6.7% | 6.5% |
| Sharpe ratio | 0.02 | -0.61 | -0.54 |
| Sortino ratio | 0.03 | -0.76 | -0.68 |
| Best month | +4.6% | +4.6% | +4.6% |
| Worst month | −2.7% | −4.5% | −4.5% |
| Best 12 months | +12.4% | +12.4% | +12.4% |
| Worst 12 months | −1.9% | −17.1% | −17.1% |
| Positive months | 64% | 52% | 52% |
| Beta vs S&P 500 | 0.23 | 0.25 | — |
| Correlation with S&P 500 | 0.49 | 0.59 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PAB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −17.1% | +2.6% | +12.4% | 64% |
| 3-year (a year) | 31 | −3.6% | +3.0% | +6.3% | 65% |
| 5-year (a year) | 7 | −0.6% | −0.2% | +0.3% | 43% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
PAB performance overview
PGIM Active Aggregate Bond ETF (PAB) returned −1.1% over the past year and −0.1% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −0.0% a year, turning $10,000 into about $9,979. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −19.3%, from Aug 2, 2021 to Oct 24, 2022, and it took 3.3 years to get back to the old high. PAB finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+7.6%) and the worst 2022 (−14.2%). Volatility has been 6.5% a year.
Related: PAB chart, PAB dividends, PAB bond profile. See the PAB overview for the latest quote and fund facts.
PAB performance FAQ
What is the PAB return over the past year?
PAB returned −1.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.4%.
What is the average annual return of PAB?
PAB has returned −0.1% a year over 5 years, −0.0% a year since April 15, 2021 (total return, distributions reinvested).
How much would $10,000 invested in PAB be worth?
$10,000 invested in PAB at its first recorded close on April 15, 2021 would be worth about $9,979 on October 23, 2026 with distributions reinvested.
What was the worst year for PAB?
The worst calendar year was 2022, with a total return of −14.2%. The best was 2025 at +7.6%.
What is the biggest drawdown of PAB?
The largest peak-to-trough decline was −19.3% between August 2, 2021 and October 24, 2022. It recovered to the old high on February 13, 2026, 3.3 years after the bottom.
How volatile is PAB?
Over the past 3 years PAB had an annualized volatility of 5.7% and a Sharpe ratio of 0.02 (excess return over 1–3 month T-bills per unit of risk).