FLTR vs. PCL

Last updated Jun 26, 2026

FLTR (VanEck IG Floating Rate ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. FLTR is passively managed, while PCL is actively managed. At a 0.13 correlation, their price movements are largely independent. FLTR charges 0.14%/yr vs 0.25%/yr for PCL.

Performance

FLTR vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck IG Floating Rate ETF (FLTR) 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, FLTR achieves a 2.23% return, which is significantly lower than PCL's 2.77% return.

FLTR

• 1D: 0.04%
• 1M: 0.42%
• YTD: 2.23%
• 6M: 2.36%
• 1Y: 5.30%
• 3Y*: 6.13%
• 5Y*: 4.55%
• 10Y*: 3.50%

PCL

• 1D: 0.03%
• 1M: 1.83%
• YTD: 2.77%
• 6M: 2.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLTR vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
FLTR VanEck IG Floating Rate ETF	2.23%	2.28%
PCL PGIM Corporate Bond 10+ Year ETF	2.77%	2.51%

Correlation

The correlation between FLTR and PCL is 0.13, 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 1, 2025	0.13

Return for Risk

FLTR vs. PCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTR

FLTR Risk / Return Rank: 99
FLTR Sharpe Ratio Rank: 99
FLTR Sortino Ratio Rank: 99
FLTR Omega Ratio Rank: 99
FLTR Calmar Ratio Rank: 99
FLTR Martin Ratio Rank: 99

PCL

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLTR vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck IG Floating Rate ETF (FLTR) 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.

	FLTR	PCL	Difference
Sharpe ratio: Return per unit of total volatility	6.62	—	—
Sortino ratio: Return per unit of downside risk	12.33	—	—
Omega ratio: Gain probability vs. loss probability	3.08	—	—
Calmar ratio: Return relative to maximum drawdown	16.96	—	—
Martin ratio: Return relative to average drawdown	99.46	—	—

Drawdowns

FLTR vs. PCL - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for FLTR and PCL.

Drawdown Indicators

	FLTR	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-5.14%	-12.70%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	—	—
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.67%	-1.71%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	FLTR	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.81%	7.83%	-7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.13%	7.83%	-5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	7.83%	-2.83%

FLTR vs. PCL - Expense Ratio Comparison

FLTR has a 0.14% 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

FLTR vs. PCL - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 4.71%, less than PCL's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTR VanEck IG Floating Rate ETF	4.71%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%
PCL PGIM Corporate Bond 10+ Year ETF	5.24%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLTR and PCL in my portfolio?

FLTR and PCL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLTR or PCL?

On fees, FLTR is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLTR or PCL?

FLTR is cheaper with a 0.14% expense ratio, compared with 0.25% for PCL.

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

PCL has the higher dividend yield at 5.24%, compared with 4.71% for FLTR.

What is the main difference between FLTR and PCL?

They also come from different issuers: VanEck and PGIM. Their fees differ too: 0.14% for FLTR and 0.25% for PCL.