DTLE.L vs. PCL
DTLE.L (iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist) and PCL (PGIM Corporate Bond 10+ Year ETF) are both exchange-traded funds - DTLE.L is a Long-Term Bond fund managed by iShares, while PCL is a Corporate Bonds fund actively managed by PGIM. At a 0.47 correlation, their price movements are largely independent. DTLE.L charges 0.10%/yr vs 0.25%/yr for PCL.
Performance
DTLE.L vs. PCL - Performance Comparison
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Different Trading Currencies
DTLE.L is traded in EUR, while PCL is traded in USD. To make them comparable, the PCL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DTLE.L achieves a -1.71% return, which is significantly lower than PCL's 2.88% return.
DTLE.L
- 1D
- 0.51%
- 1M
- 0.69%
- YTD
- -1.71%
- 6M
- -1.87%
- 1Y
- 1.77%
- 3Y*
- -3.63%
- 5Y*
- -8.07%
- 10Y*
- —
PCL
- 1D
- 0.12%
- 1M
- 1.87%
- YTD
- 2.88%
- 6M
- 1.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DTLE.L vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | -1.71% | 1.49% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.88% | 1.10% |
Correlation
The correlation between DTLE.L and PCL is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.47 |
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Return for Risk
DTLE.L vs. PCL — Risk / Return Rank
DTLE.L
PCL
DTLE.L vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) 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.
| DTLE.L | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | — | — |
| Martin ratioReturn relative to average drawdown | 0.52 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DTLE.L | PCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.59 | -0.83 |
Drawdowns
DTLE.L vs. PCL - Drawdown Comparison
The maximum DTLE.L drawdown since its inception was -52.29%, which is greater than PCL's maximum drawdown of -5.19%. Use the drawdown chart below to compare losses from any high point for DTLE.L and PCL.
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Drawdown Indicators
| DTLE.L | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -5.19% | -47.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.70% | — | — |
Current DrawdownCurrent decline from peak | -47.88% | -0.96% | -46.92% |
Average DrawdownAverage peak-to-trough decline | -25.92% | -1.98% | -23.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | — | — |
Volatility
DTLE.L vs. PCL - Volatility Comparison
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Volatility by Period
| DTLE.L | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 8.13% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 8.13% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 8.13% | +7.37% |
DTLE.L vs. PCL - Expense Ratio Comparison
DTLE.L has a 0.10% 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
DTLE.L vs. PCL - Dividend Comparison
DTLE.L's dividend yield for the trailing twelve months is around 4.25%, less than PCL's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 4.25% | 4.18% | 4.75% | 3.75% | 3.05% | 1.76% | 1.69% | 2.50% | 2.88% | 0.51% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.29% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DTLE.L and PCL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLE.L is cheaper with a 0.10% expense ratio, compared with 0.25% for PCL.
DTLE.L is categorized as Long-Term Bond, while PCL is Corporate Bonds. They also come from different issuers: iShares and PGIM. Their fees differ too: 0.10% for DTLE.L and 0.25% for PCL.
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