BLTD vs. PCL

Last updated Jun 23, 2026

BLTD (Bluemonte Long Term Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both exchange-traded funds - BLTD is a Long-Term Bond fund managed by Bluemonte, while PCL is a Corporate Bonds fund actively managed by PGIM. With a 0.97 correlation, they move nearly in lockstep. BLTD charges 0.23%/yr vs 0.25%/yr for PCL.

Performance

BLTD vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Long Term Bond ETF (BLTD) 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, BLTD achieves a 0.66% return, which is significantly lower than PCL's 1.88% return.

BLTD

• 1D: -0.47%
• 1M: 1.28%
• YTD: 0.66%
• 6M: 0.68%
• 1Y: 4.44%
• 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)

BLTD vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
BLTD Bluemonte Long Term Bond ETF	0.66%	3.21%
PCL PGIM Corporate Bond 10+ Year ETF	1.88%	2.51%

Correlation

The correlation between BLTD and PCL is 0.97 - 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 1, 2025	0.97

Return for Risk

BLTD vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Long Term Bond ETF (BLTD) 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.

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

Drawdowns

BLTD vs. PCL - Drawdown Comparison

The maximum BLTD drawdown since its inception was -4.80%, smaller than the maximum PCL drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for BLTD and PCL.

Drawdown Indicators

	BLTD	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-4.80%	-5.14%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-4.80%	—	—
Current Drawdown Current decline from peak	-2.10%	-1.08%	-1.02%
Average Drawdown Average peak-to-trough decline	-1.60%	-1.73%	+0.13%

Volatility

Volatility by Period

	BLTD	PCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.84%	7.85%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.84%	7.85%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.84%	7.85%	-1.01%

BLTD vs. PCL - Expense Ratio Comparison

BLTD has a 0.23% 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

BLTD vs. PCL - Dividend Comparison

BLTD's dividend yield for the trailing twelve months is around 3.92%, less than PCL's 5.28% yield.

Position	TTM	2025
BLTD Bluemonte Long Term Bond ETF	3.92%	2.48%
PCL PGIM Corporate Bond 10+ Year ETF	5.28%	2.52%

Frequently Asked Questions

Can I hold both BLTD and PCL in my portfolio?

With a correlation of 0.97, BLTD 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, BLTD or PCL?

On fees, BLTD is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLTD or PCL?

BLTD is cheaper with a 0.23% expense ratio, compared with 0.25% for PCL.

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

PCL has the higher dividend yield at 5.28%, compared with 3.92% for BLTD.

What is the main difference between BLTD and PCL?

BLTD is categorized as Long-Term Bond, while PCL is Corporate Bonds. They also come from different issuers: Bluemonte and PGIM. Their fees differ too: 0.23% for BLTD and 0.25% for PCL.