FIIG vs. PCL

Last updated Aug 5, 2026

FIIG (First Trust Intermediate Duration Investment Grade Corporate ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. Both are actively managed. Over the past year, FIIG returned 2.11% vs 1.50% for PCL. Their correlation of 0.85 means they have usually moved in the same direction. FIIG charges 0.65%/yr vs 0.25%/yr for PCL.

Performance

FIIG vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) 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, FIIG achieves a -0.63% return, which is significantly higher than PCL's -0.78% return.

FIIG

• 1D: 0.39%
• 1M: -0.81%
• 6M: -0.35%
• YTD: -0.63%
• 1Y: 2.11%
• 3Y*: 5.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.59%

PCL

• 1D: 0.71%
• 1M: -2.59%
• 6M: -1.24%
• YTD: -0.78%
• 1Y: 1.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF	$3.68M	$3.58M	$3.99M
PCL PGIM Corporate Bond 10+ Year ETF	$980.83K	$452.96K	$658.92K

FIIG vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF	-0.63%	3.76%
PCL PGIM Corporate Bond 10+ Year ETF	-0.78%	2.51%

Correlation

The correlation between FIIG and PCL is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.86

The correlation between FIIG and PCL has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

FIIG vs. PCL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIIG

FIIG Risk / Return Rank: 20
FIIG Sharpe Ratio Rank: 20
FIIG Sortino Ratio Rank: 18
FIIG Omega Ratio Rank: 17
FIIG Calmar Ratio Rank: 21
FIIG Martin Ratio Rank: 23

PCL

PCL Risk / Return Rank: 13
PCL Sharpe Ratio Rank: 14
PCL Sortino Ratio Rank: 12
PCL Omega Ratio Rank: 12
PCL Calmar Ratio Rank: 14
PCL Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIIG vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) 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.

	FIIG	PCL	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.19	+0.27
Sortino ratio: Return per unit of downside risk	0.67	0.33	+0.35
Omega ratio: Gain probability vs. loss probability	1.08	1.04	+0.04
Calmar ratio: Return relative to maximum drawdown	0.67	0.29	+0.38
Martin ratio: Return relative to average drawdown	1.83	0.67	+1.16

FIIG vs. PCL - Sharpe Ratio Comparison

The current FIIG Sharpe Ratio is 0.46, which is higher than the PCL Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of FIIG and PCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIIG vs. PCL - Drawdown Comparison

The maximum FIIG drawdown since its inception was -5.50%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for FIIG and PCL.

Drawdown Indicators

	FIIG	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-5.50%	-5.14%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-5.14%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-5.50%	—	—
Current Drawdown Current decline from peak	-1.57%	-3.70%	+2.13%
Average Drawdown Average peak-to-trough decline	-1.39%	-1.85%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	2.23%	-1.08%

Volatility

FIIG vs. PCL - Volatility Comparison

The current volatility for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is 1.36%, while PGIM Corporate Bond 10+ Year ETF (PCL) has a volatility of 2.34%. This indicates that FIIG experiences smaller price fluctuations and is considered to be less risky than PCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIIG	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	2.34%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	3.63%	6.20%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	7.86%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	7.84%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	7.84%	-2.01%

FIIG vs. PCL - Expense Ratio Comparison

FIIG has a 0.65% expense ratio, which is higher than PCL's 0.25% expense ratio.

Dividends

FIIG vs. PCL - Dividend Comparison

FIIG's dividend yield for the trailing twelve months is around 5.02%, less than PCL's 6.42% yield.

Position	TTM	2025	2024	2023
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF	5.02%	4.76%	4.45%	1.72%
PCL PGIM Corporate Bond 10+ Year ETF	6.42%	2.52%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIIG and PCL in my portfolio?

FIIG and PCL have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIIG or PCL?

PCL has higher volatility (2.34%) compared to FIIG (1.36%). In terms of maximum drawdown, FIIG dropped -5.50% vs PCL's -5.14%.

Which ETF is better, FIIG or PCL?

On 1-year performance, FIIG leads with 2.11% vs 1.50% for PCL. On fees, PCL is cheaper at 0.25% per year. On volatility, FIIG has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIIG or PCL?

Over the 1-year period, FIIG has performed better with a 2.11% return vs 1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIIG or PCL?

PCL is cheaper with a 0.25% expense ratio, compared with 0.65% for FIIG.

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

PCL has the higher dividend yield at 6.42%, compared with 5.02% for FIIG.

What is the main difference between FIIG and PCL?

They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.65% for FIIG and 0.25% for PCL.

Which has better risk-adjusted returns?

FIIG currently has the higher Sharpe Ratio (0.46 vs 0.19), 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.