- Issuer
- PGIM
- Inception Date
- Jul 29, 2025
- Region
- North America (U.S.)
- Category
- Corporate Bonds, Long-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PCL Performance Chart
PGIM Corporate Bond 10+ Year ETF (PCL) is up 2.1% since the beginning of the year. PCL is currently trading at $50 per share.
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Returns By Period
PGIM Corporate Bond 10+ Year ETF
- 1D
- 0.21%
- 1M
- 2.61%
- YTD
- 2.12%
- 6M
- 2.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
PCL Monthly Returns History
Based on dividend-adjusted daily data since Aug 1, 2025, PCL's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Sep 2025 with a return of +3.3%, while the worst month was Mar 2026 at -2.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PCL closed higher 50% of trading days. The best single day was Mar 31, 2026 with a return of +1.5%, while the worst single day was Mar 20, 2026 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | 1.87% | -2.34% | -0.02% | 1.54% | 0.49% | 2.12% | ||||||
| 2025 | -0.32% | 3.33% | 0.22% | 0.82% | -1.51% | 2.51% |
Benchmark Metrics
PGIM Corporate Bond 10+ Year ETF has an annualized alpha of -0.15%, beta of 0.28, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since August 01, 2025.
- This ETF participated in 23.66% of S&P 500 Index downside but only 21.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.28 may look defensive, but with R2 of 0.21 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.21 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.15%
- Beta
- 0.28
- R²
- 0.21
- Upside Capture
- 21.68%
- Downside Capture
- 23.66%
Expense Ratio
PCL has an expense ratio of 0.25%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.71 | — |
| Martin ratioReturn relative to average drawdown | — | 12.15 | — |
Dividends
Dividend History
PGIM Corporate Bond 10+ Year ETF provided a 5.27% dividend yield over the last twelve months, with an annual payout of $2.64 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.64 | $1.27 |
Dividend yield | 5.27% | 2.52% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Corporate Bond 10+ Year ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.24 | $0.68 | $0.23 | $0.23 | $0.00 | $1.37 | ||||||
| 2025 | $0.23 | $0.22 | $0.23 | $0.59 | $1.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Corporate Bond 10+ Year ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Corporate Bond 10+ Year ETF was 5.14%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current PGIM Corporate Bond 10+ Year ETF drawdown is 0.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -5.14%Mar 2026 | 4mo 29d | — | 7mo 21dOct 2025 - now |
2025 pullback2025 | -1.64%Sep 2025 | 19d | 2d | 21dAug 2025 - Sep 2025 |
2025 pullback2025 | -1.55%Sep 2025 | 9d | 19d | 28dSep 2025 - Oct 2025 |
2025 pullback2025 | -0.69%Aug 2025 | 2d | 5d | 7dAug 2025 - Aug 2025 |
2025 pullback2025 | -0.25%Sep 2025 | 0s | 3d | 3dSep 2025 - Sep 2025 |
Drawdown Indicators
| PCL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -56.78% | +51.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.85% | -1.29% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -10.72% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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