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ETFs

PGIM Portfolio Ballast ETF

PBL
$--
Today’s Change
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Snapshot
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Inception Date
Dec 12 2022
Expense Ratio
0.45%
Type
US Equities
Fund Owner
PGIM Investments
Volume (1m avg. daily)
$2,306
AUM
$27,442,304
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
TREASURY BILL DN 2/24
37.32%
n/a
TREASURY BILL DN 10/23
36.27%
n/a
S&P500 3970 FLXC 12/07/27
21.40%
n/a
PRUDENTIAL CORE GOV MM FU
4.97%
n/a
Net Current Assets
0.58%
n/a
CASH
-0.04%
Invest with PBL

What is PBL?

The investment objective of the Fund is to seek to provide long-term capital growth with reduced volatility compared to the equity market. The Fund seeks to participate in the upside returns of the stock market while limiting volatility and downside losses. In seeking to achieve the Fund investment objective, the Fund seeks to reduce volatility over the course of a full market cycle as compared to the equity market, which the Fund defines as the S&P 500 Index. The Fund seeks to capture 60% of the performance of the S&P 500 on average in appreciating equity markets and to capture 30% of the performance of the S&P 500 on average in declining equity markets over a market cycle.

ETFs related toPBL

ETFs correlated to PBL include GAUG, GJUL, LGRO

PBL
PGIM ETF Trust - PGIM Portfolio Ballast ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PBL is a US Equities ETF. The investment objective of the Fund is to seek to provide long-term capital growth with reduced volatility compared to the equity market. The Fund seeks to participate in the upside returns of the stock market while limiting volatility and downside losses. In seeking to achieve the Fund investment objective, the Fund seeks to reduce volatility over the course of a full market cycle as compared to the equity market, which the Fund defines as the S&P 500 Index. The Fund seeks to capture 60% of the performance of the S&P 500 on average in appreciating equity markets and to capture 30% of the performance of the S&P 500 on average in declining equity markets over a market cycle.

Yes, PBL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PBL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PBL is -0.0105%. This is the percent change in the value of PBL over the most recent 1-month period. The 3-month return on PBL is -0.0041%. This is the percent change in the value of PBL over the most recent 3-month period.

ETFs similar to PBL include PKW, VIXY, and XYLD.

ETFs correlated to PBL include GAUG, GJUL, and LGRO.

ETFs that are inversely correlated to PBL include SPDN, SH, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.