BBBL vs. PCMM
BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and PCMM (BondBloxx Private Credit CLO 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 PCMM is a CLO fund actively managed by BondBloxx. BBBL is passively managed, while PCMM is actively managed. Over the past year, BBBL returned 0.55% vs 4.63% for PCMM. Their 0.03 correlation means their historical movements had little consistent relationship. BBBL charges 0.19%/yr vs 0.68%/yr for PCMM.
Performance
BBBL vs. PCMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBBL achieves a -1.75% return, which is significantly lower than PCMM's 2.76% return.
BBBL
- 1D
- 0.57%
- 1M
- -3.26%
- 6M
- -2.49%
- YTD
- -1.75%
- 1Y
- 0.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.39%
PCMM
- 1D
- 0.22%
- 1M
- 0.10%
- 6M
- 1.74%
- YTD
- 2.76%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.44K | $88.79K | $60.52K | |
| $1.85M | $1.38M | $1.74M |
BBBL vs. PCMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | -1.75% | 7.02% | -4.53% |
PCMM BondBloxx Private Credit CLO ETF | 2.76% | 6.30% | 0.37% |
Correlation
The correlation between BBBL and PCMM is -0.03, 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. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBBL vs. PCMM — Risk / Return Rank
BBBL
PCMM
BBBL vs. PCMM - 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 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.
| BBBL | PCMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 2.16 | -2.05 |
| Martin ratioReturn relative to average drawdown | 0.22 | 7.73 | -7.51 |
Loading charts...
Drawdowns
BBBL vs. PCMM - Drawdown Comparison
The maximum BBBL drawdown since its inception was -9.43%, which is greater than PCMM's maximum drawdown of -4.32%. Use the drawdown chart below to compare losses from any high point for BBBL and PCMM.
Loading charts...
Drawdown Indicators
| BBBL | PCMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -4.32% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -2.16% | -3.29% |
Current DrawdownCurrent decline from peak | -4.77% | 0.00% | -4.77% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -0.41% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 0.60% | +1.87% |
Volatility
BBBL vs. PCMM - Volatility Comparison
Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a higher volatility of 2.09% compared to BondBloxx Private Credit CLO ETF (PCMM) at 0.84%. This indicates that BBBL'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.
Loading charts...
Volatility by Period
| BBBL | PCMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 0.84% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 2.74% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 3.30% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.66% | 4.79% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 4.79% | +4.87% |
BBBL vs. PCMM - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is lower than PCMM's 0.68% expense ratio.
Dividends
BBBL vs. PCMM - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 5.92%, less than PCMM's 6.37% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.92% | 5.77% | 5.19% |
PCMM BondBloxx Private Credit CLO ETF | 6.37% | 7.02% | 0.00% |
Frequently Asked Questions
BBBL and PCMM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBBL has higher volatility (2.09%) compared to PCMM (0.84%). In terms of maximum drawdown, BBBL dropped -9.43% vs PCMM's -4.32%.
On 1-year performance, PCMM leads with 4.63% vs 0.55% for BBBL. On fees, BBBL is cheaper at 0.19% per year. On volatility, PCMM has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PCMM has performed better with a 4.63% return vs 0.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBBL is cheaper with a 0.19% expense ratio, compared with 0.68% for PCMM.
PCMM has the higher dividend yield at 6.37%, compared with 5.92% for BBBL.
BBBL is categorized as Long-Term Bond, while PCMM is CLO. Their fees differ too: 0.19% for BBBL and 0.68% for PCMM.
PCMM currently has the higher Sharpe Ratio (1.41 vs 0.07), 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.
Find the right allocation for BBBL and PCMM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer