BBBI vs. PCL

Last updated Jun 23, 2026

BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. BBBI is passively managed, while PCL is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. BBBI charges 0.19%/yr vs 0.25%/yr for PCL.

Performance

BBBI vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and PGIM Corporate Bond 10+ Year ETF (PCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBBI achieves a 0.32% return, which is significantly lower than PCL's 1.88% return.

BBBI

• 1D: -0.23%
• 1M: 0.46%
• YTD: 0.32%
• 6M: 0.51%
• 1Y: 5.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCL

• 1D: -0.41%
• 1M: 1.39%
• YTD: 1.88%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBBI vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	0.32%	3.72%
PCL PGIM Corporate Bond 10+ Year ETF	1.88%	2.51%

Correlation

The correlation between BBBI and PCL is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.92

Return for Risk

BBBI vs. PCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBBI

BBBI Risk / Return Rank: 40
BBBI Sharpe Ratio Rank: 40
BBBI Sortino Ratio Rank: 42
BBBI Omega Ratio Rank: 38
BBBI Calmar Ratio Rank: 39
BBBI Martin Ratio Rank: 40

PCL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBBI vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and PGIM Corporate Bond 10+ Year ETF (PCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BBBI	PCL	Difference
Sharpe ratio: Return per unit of total volatility	1.38	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.89	—	—
Martin ratio: Return relative to average drawdown	6.19	—	—

Drawdowns

BBBI vs. PCL - Drawdown Comparison

The maximum BBBI drawdown since its inception was -4.11%, smaller than the maximum PCL drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for BBBI and PCL.

Drawdown Indicators

	BBBI	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-4.11%	-5.14%	+1.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	—	—
Current Drawdown Current decline from peak	-1.19%	-1.08%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.98%	-1.73%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	—	—

Volatility

Volatility by Period

	BBBI	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.03%	7.85%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	7.85%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	7.85%	-2.84%

BBBI vs. PCL - Expense Ratio Comparison

BBBI has a 0.19% expense ratio, which is lower than PCL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBBI vs. PCL - Dividend Comparison

BBBI's dividend yield for the trailing twelve months is around 4.79%, less than PCL's 5.28% yield.

Position	TTM	2025	2024
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	4.79%	4.90%	4.61%
PCL PGIM Corporate Bond 10+ Year ETF	5.28%	2.52%	0.00%

Frequently Asked Questions

Can I hold both BBBI and PCL in my portfolio?

With a correlation of 0.92, BBBI and PCL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BBBI or PCL?

On fees, BBBI is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBBI or PCL?

BBBI is cheaper with a 0.19% expense ratio, compared with 0.25% for PCL.

Which ETF pays a higher dividend yield, BBBI or PCL?

PCL has the higher dividend yield at 5.28%, compared with 4.79% for BBBI.

What is the main difference between BBBI and PCL?

They also come from different issuers: BondBloxx and PGIM. Their fees differ too: 0.19% for BBBI and 0.25% for PCL.