FEIG vs. PCL
FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. FEIG is passively managed, while PCL is actively managed. With a 0.95 correlation, they move nearly in lockstep. FEIG charges 0.12%/yr vs 0.25%/yr for PCL.
Performance
FEIG vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, FEIG achieves a 0.78% return, which is significantly lower than PCL's 2.29% return.
FEIG
- 1D
- 0.27%
- 1M
- 1.04%
- YTD
- 0.78%
- 6M
- 0.95%
- 1Y
- 5.19%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
PCL
- 1D
- 0.25%
- 1M
- 2.27%
- YTD
- 2.29%
- 6M
- 2.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEIG vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.78% | 3.23% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.29% | 2.51% |
Correlation
The correlation between FEIG and PCL is 0.95 - 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 | 0.95 |
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Return for Risk
FEIG vs. PCL — Risk / Return Rank
FEIG
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FEIG vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) 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.
| FEIG | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | — | — |
| Martin ratioReturn relative to average drawdown | 5.61 | — | — |
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Drawdowns
FEIG vs. PCL - Drawdown Comparison
The maximum FEIG drawdown since its inception was -22.26%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for FEIG and PCL.
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Drawdown Indicators
| FEIG | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -5.14% | -17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.68% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -1.73% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | — | — |
Volatility
FEIG vs. PCL - Volatility Comparison
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Volatility by Period
| FEIG | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 7.85% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 7.85% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 7.85% | -0.48% |
FEIG vs. PCL - Expense Ratio Comparison
FEIG has a 0.12% 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
FEIG vs. PCL - Dividend Comparison
FEIG's dividend yield for the trailing twelve months is around 4.74%, less than PCL's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.74% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.26% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, FEIG 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.
On fees, FEIG is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEIG is cheaper with a 0.12% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.26%, compared with 4.74% for FEIG.
They also come from different issuers: FlexShares and PGIM. Their fees differ too: 0.12% for FEIG and 0.25% for PCL.
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