PGIM Floating Rate Income ETF (PFRL) Performance
PFRL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.2% since Dec 31, 2025
- 1 year
- +4.9% total return
- 3 years
- +7.6% a year
- Since first price
- +7.6% a year since 2022
PFRL trailing returns vs SPY, QQQ, AGG
| Period | PFRL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.3% | −1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.4% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +3.2% | −1.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.9% | −1.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +24.5%+7.6%/yr | −1.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 24, 2022 | +38.3%+7.6%/yr | −1.6% | — | — | — |
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: PFRL vs SPY
From May 24, 2022: PFRL grew to $13,826, SPY to $20,493.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFRL returns by calendar year
3 of 3 full years positive. Best 2023 (+13.8%), worst 2025 (+6.3%). 2026 is year to date.
PFRL annual returns table
| Year | PFRL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.2% | −1.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.3% | −8.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.4% | −1.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.8% | −2.2% | +26.2% | +54.9% | +5.7% |
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.
PFRL risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +7.8% | +7.9% |
| Volatility (annualized) | 2.6% | 3.5% |
| Sharpe ratio | 1.28 | 1.05 |
| Sortino ratio | 2.41 | 1.77 |
| Best month | +2.3% | +3.1% |
| Worst month | −1.0% | −2.4% |
| Best 12 months | +12.1% | +13.8% |
| Worst 12 months | +4.1% | +4.1% |
| Positive months | 86% | 83% |
| Beta vs S&P 500 | 0.15 | — |
| Correlation with S&P 500 | 0.72 | — |
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.
PFRL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 42 | +4.1% | +8.2% | +13.8% | 100% |
| 3-year (a year) | 18 | +7.7% | +8.7% | +10.1% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
PFRL performance overview
PGIM Floating Rate Income ETF (PFRL) returned +4.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +7.6% a year, turning $10,000 into about $13,826. Over the same year S&P 500 (SPY) returned +14.4%.
Related: PFRL chart, PFRL dividends. See the PFRL overview for the latest quote and fund facts.
PFRL performance FAQ
What is the PFRL return over the past year?
PFRL returned +4.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.4%.
How much would $10,000 invested in PFRL be worth?
$10,000 invested in PFRL at its first recorded close on May 24, 2022 would be worth about $13,826 on October 23, 2026 with distributions reinvested.
What was the worst year for PFRL?
The worst calendar year was 2025, with a total return of +6.3%. The best was 2023 at +13.8%.
How volatile is PFRL?
Over the past 3 years PFRL had an annualized volatility of 2.6% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).