PABvsFLCBETF Comparison
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PGIM Active Aggregate Bond ETF (PAB) belongs to the Intl Aggregate Bonds segment. Franklin U.S. Core Bond ETF (FLCB) is part of the US Aggregate Bonds segment. PAB's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, FLCB's top sector exposures are Sovereign, Finance and Industrials. PAB is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.15% for FLCB. PAB is down -1.59% year-to-date (YTD) with +$7M in YTD flows. FLCB performs worse with -4.12% YTD performance, and +$486M in YTD flows. Run a side-by-side ETF comparison of PAB and FLCB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PAB vs FLCB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAB FLCB | -0.16%-0.55% | -1.87%-2.98% | -1.59%-4.12% | -1.31%-4.99% | +16.29%+10.13% | -1.48%-9.82% |
| Flows | PAB FLCB | +$2M+$103M | +$32M+$182M | +$7M+$486M | +$14M+$496M | +$57M+$1.57B | +$83M+$1.82B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAB FLCB | +4.38%+4.39% | +3.94%+4.03% | +5.04%+5.00% | +6.00%+5.82% |
| Max drawdown | PAB FLCB | -3.39%-4.34% | -4.80%-7.20% | -4.80%-7.20% | -18.67%-19.92% |
| Max drawdown duration | PAB FLCB | 51d89d | 228d229d | 228d229d | 1553d1802d |
Trading data
PAB | FLCB | |
Last sale 10/16/2026 at 1:30 PM | $40.69 | $20.59 |
| Previous close 10/15/2026 | $40.69 | $20.58 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
PAB | FLCB | |
|---|---|---|
| Last price | $40.69 | $20.59 |
| 1D performance | -0.00% | +0.05% |
| AuM | $98.67 M | $3.12 B |
| E/R | 0.2% | 0.15% |
Characteristics
PAB | FLCB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 599 | 828 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 15, 2021 | September 17, 2019 |
| ESG | No | No |
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Exposure
Countries
PAB
USA
69.27%
Other
30.73%
FLCB
USA
59.09%
Other
40.91%
Sectors
PAB
Sovereign
39.92%
Industrials
12.56%
Finance
8.57%
Other
38.95%
FLCB
Sovereign
28.18%
Finance
9.96%
Industrials
8.51%
Other
53.35%
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Diversification
PAB
Total weight of top 15 holdings out of 15
28.85%
FLCB
Total weight of top 15 holdings out of 15
19.26%
Top 15 holdings
Data as of August 31, 2026
PAB
USA, Notes 3.125% 31aug2029, USD (P-2029)
5.96%
USA, Notes 3.5% 15dec2028, USD (AV-2028)
2.94%
PGIM Core Government Money Market Fund
2.35%
USA, Notes 4.25% 30jun2033, USD (M-2033)
2.19%
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.07%
USA, Bonds 2% 15nov2041, USD
1.75%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.59%
US3618N5VR78
1.41%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.37%
USA, Bonds 3% 15feb2049, USD
1.31%
USA, Notes 3.5% 15jan2029, USD (AJ-2029)
1.28%
USA, Notes 1.25% 15aug2031, USD (E-2031)
1.18%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
1.17%
FR SD8004, 3% 1aug2049, USD (ABS)
1.15%
USA, Bonds 5% 15may2046, USD
1.14%
FLCB
USA, Notes 3.25% 30jun2027, USD (AA-2027)
2.82%
USA, Notes 4.125% 15jul2029, USD (AQ-2029)
2.07%
USA, Notes 1.375% 31dec2028, USD (T-2028)
1.82%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.71%
USA, Notes 4.125% 30apr2033, USD (K-2033)
1.53%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.15%
USA, Bonds 1.375% 15aug2050, USD
1.12%
USA, Notes 4% 31oct2029, USD (R-2029)
1.07%
USA, Bonds 4.75% 15aug2055, USD
0.98%
USA, Notes 0.5% 30jun2027, USD (M-2027)
0.96%
USA, Notes 1.25% 31may2028, USD (L-2028)
0.83%
USA, Bonds 3% 15nov2044, USD
0.82%
USA, Bonds 2% 15nov2041, USD
0.81%
USA, Bonds 3% 15feb2049, USD
0.79%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.77%
Frequently asked questions about PAB and FLCB
How have the PAB and FLCB ETFs performed in 2026?
As of October 15, 2026, PAB is down -1.59% year-to-date (YTD), while FLCB has lost -4.12%. That puts PAB better performer ahead so far this year.
Which ETF is attracting more investor money: PAB or FLCB?
Year-to-date, the PAB ETF saw +$7M in flows, compared to +$486M for FLCB.
Which ETF is more volatile: PAB or FLCB?
Over the past year, PAB had a volatility of 3.94%, while FLCB experienced 4.03%.
Which ETF is bigger: PAB or FLCB?
As of October 15, 2026, PAB holds $98.67 M in assets under management (AUM), while FLCB manages $3.12 B.
What sectors do the PAB and FLCB ETFs invest in?
PAB leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, FLCB focuses on Sovereign, Finance and Industrials.
What are the top holdings of the PAB ETF and FLCB ETF?
PAB top holdings include USA, Notes 3.125% 31aug2029, USD (P-2029), USA, Notes 3.5% 15dec2028, USD (AV-2028) and PGIM Core Government Money Market Fund. FLCB holds in its top three: USA, Notes 3.25% 30jun2027, USD (AA-2027), USA, Notes 4.125% 15jul2029, USD (AQ-2029) and USA, Notes 1.375% 31dec2028, USD (T-2028).
Which ETF is more diversified: PAB or FLCB?
PAB holds 987 securities with 28.85% of its assets in the top 15. FLCB has 1037 securities and a top 15 weight of 19.26%.
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