BBBI vs. PCMM

Last updated Aug 1, 2026

BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) and PCMM (BondBloxx Private Credit CLO ETF) are both exchange-traded funds - BBBI is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate BBB 5-10 Year Index, while PCMM is a CLO fund actively managed by BondBloxx. BBBI is passively managed, while PCMM is actively managed. Over the past year, BBBI returned 2.34% vs 4.40% for PCMM. Their 0.05 correlation means their historical movements had little consistent relationship. BBBI charges 0.19%/yr vs 0.68%/yr for PCMM.

Performance

BBBI vs. PCMM - 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 BondBloxx Private Credit CLO ETF (PCMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBBI achieves a -0.50% return, which is significantly lower than PCMM's 2.53% return.

BBBI

• 1D: -0.17%
• 1M: -1.30%
• 6M: -0.81%
• YTD: -0.50%
• 1Y: 2.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.17%

PCMM

• 1D: 0.06%
• 1M: -0.12%
• 6M: 2.01%
• YTD: 2.53%
• 1Y: 4.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	$531.26K	$827.47K	$943.56K
PCMM BondBloxx Private Credit CLO ETF	$1.10M	$1.07M	$1.63M

BBBI vs. PCMM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	-0.50%	9.28%	-1.59%
PCMM BondBloxx Private Credit CLO ETF	2.53%	6.30%	0.37%

Correlation

The correlation between BBBI and PCMM is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.05

Return for Risk

BBBI vs. PCMM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBBI

BBBI Risk / Return Rank: 31
BBBI Sharpe Ratio Rank: 33
BBBI Sortino Ratio Rank: 30
BBBI Omega Ratio Rank: 28
BBBI Calmar Ratio Rank: 32
BBBI Martin Ratio Rank: 33

PCMM

PCMM Risk / Return Rank: 65
PCMM Sharpe Ratio Rank: 64
PCMM Sortino Ratio Rank: 63
PCMM Omega Ratio Rank: 66
PCMM Calmar Ratio Rank: 65
PCMM Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBBI vs. PCMM - 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 BondBloxx Private Credit CLO ETF (PCMM). 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	PCMM	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.48	-0.69
Sortino ratio: Return per unit of downside risk	1.16	2.11	-0.95
Omega ratio: Gain probability vs. loss probability	1.14	1.28	-0.14
Calmar ratio: Return relative to maximum drawdown	1.09	2.27	-1.18
Martin ratio: Return relative to average drawdown	3.20	8.10	-4.90

BBBI vs. PCMM - Sharpe Ratio Comparison

The current BBBI Sharpe Ratio is 0.79, which is lower than the PCMM Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of BBBI and PCMM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBBI vs. PCMM - Drawdown Comparison

The maximum BBBI drawdown since its inception was -4.11%, roughly equal to the maximum PCMM drawdown of -4.32%. Use the drawdown chart below to compare losses from any high point for BBBI and PCMM.

Drawdown Indicators

	BBBI	PCMM	Difference
Max Drawdown Largest peak-to-trough decline	-4.11%	-4.32%	+0.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-2.16%	-0.78%
Current Drawdown Current decline from peak	-2.00%	-0.12%	-1.88%
Average Drawdown Average peak-to-trough decline	-0.99%	-0.41%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.60%	+0.40%

Volatility

BBBI vs. PCMM - Volatility Comparison

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) has a higher volatility of 1.10% compared to BondBloxx Private Credit CLO ETF (PCMM) at 0.91%. This indicates that BBBI's price experiences larger fluctuations and is considered to be riskier than PCMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBBI	PCMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.91%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	3.21%	2.74%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	3.32%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.96%	4.80%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	4.80%	+0.16%

BBBI vs. PCMM - Expense Ratio Comparison

BBBI has a 0.19% expense ratio, which is lower than PCMM's 0.68% expense ratio.

Dividends

BBBI vs. PCMM - Dividend Comparison

BBBI's dividend yield for the trailing twelve months is around 4.90%, less than PCMM's 6.47% yield.

Position	TTM	2025	2024
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	4.46%	4.90%	4.61%
PCMM BondBloxx Private Credit CLO ETF	5.84%	7.02%	0.00%

Frequently Asked Questions

Can I hold both BBBI and PCMM in my portfolio?

BBBI and PCMM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBBI or PCMM?

BBBI has higher volatility (1.10%) compared to PCMM (0.91%). In terms of maximum drawdown, BBBI dropped -4.11% vs PCMM's -4.32%.

Which ETF is better, BBBI or PCMM?

On 1-year performance, PCMM leads with 4.40% vs 2.34% for BBBI. On fees, BBBI is cheaper at 0.19% per year. On volatility, PCMM has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBI or PCMM?

Over the 1-year period, PCMM has performed better with a 4.40% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBI or PCMM?

BBBI is cheaper with a 0.19% expense ratio, compared with 0.68% for PCMM.

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

PCMM has the higher dividend yield at 5.84%, compared with 4.46% for BBBI.

What is the main difference between BBBI and PCMM?

BBBI is categorized as Corporate Bonds, while PCMM is CLO. Their fees differ too: 0.19% for BBBI and 0.68% for PCMM.

Which has better risk-adjusted returns?

PCMM currently has the higher Sharpe Ratio (1.48 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.