BBBL vs. PCL

Last updated Jun 5, 2026

BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both exchange-traded funds - BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while PCL is a Corporate Bonds fund actively managed by PGIM. BBBL is passively managed, while PCL is actively managed. With a 0.99 correlation, they move nearly in lockstep. BBBL charges 0.19%/yr vs 0.25%/yr for PCL.

Performance

BBBL vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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, BBBL achieves a 1.50% return, which is significantly lower than PCL's 1.72% return.

BBBL

• 1D: 0.27%
• 1M: 1.28%
• YTD: 1.50%
• 6M: 0.79%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCL

• 1D: 0.26%
• 1M: 1.20%
• YTD: 1.72%
• 6M: 1.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBBL vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	1.50%	2.34%
PCL PGIM Corporate Bond 10+ Year ETF	1.72%	2.51%

Correlation

The correlation between BBBL and PCL is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025	0.99

Return for Risk

BBBL vs. PCL — Risk / Return Rank

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

BBBL

BBBL Risk / Return Rank: 25
BBBL Sharpe Ratio Rank: 26
BBBL Sortino Ratio Rank: 25
BBBL Omega Ratio Rank: 24
BBBL Calmar Ratio Rank: 27
BBBL Martin Ratio Rank: 24

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.

BBBL vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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.

	BBBL	PCL	Difference
Sharpe ratio: Return per unit of total volatility	0.90	—	—
Sortino ratio: Return per unit of downside risk	1.32	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	3.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBBL	PCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.65	-0.25

Drawdowns

BBBL vs. PCL - Drawdown Comparison

The maximum BBBL drawdown since its inception was -9.43%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for BBBL and PCL.

Drawdown Indicators

	BBBL	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-5.14%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	—	—
Current Drawdown Current decline from peak	-1.62%	-1.23%	-0.39%
Average Drawdown Average peak-to-trough decline	-3.30%	-1.76%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	—	—

Volatility

Volatility by Period

	BBBL	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.86%	7.87%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.80%	7.87%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	7.87%	+1.93%

BBBL vs. PCL - Expense Ratio Comparison

BBBL 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

BBBL vs. PCL - Dividend Comparison

BBBL's dividend yield for the trailing twelve months is around 5.72%, more than PCL's 5.29% yield.

Position	TTM	2025	2024
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	5.72%	5.77%	5.19%
PCL PGIM Corporate Bond 10+ Year ETF	5.29%	2.52%	0.00%

Frequently Asked Questions

Can I hold both BBBL and PCL in my portfolio?

With a correlation of 0.99, BBBL 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, BBBL or PCL?

On fees, BBBL 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, BBBL or PCL?

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

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

BBBL has the higher dividend yield at 5.72%, compared with 5.29% for PCL.

What is the main difference between BBBL and PCL?

BBBL is categorized as Long-Term Bond, while PCL is Corporate Bonds. They also come from different issuers: BondBloxx and PGIM. Their fees differ too: 0.19% for BBBL and 0.25% for PCL.