FTCB vs. PCRB
FTCB (First Trust Core Investment Grade ETF) and PCRB (Putnam ESG Core Bond ETF -) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. FTCB charges 0.55%/yr vs 0.35%/yr for PCRB.
Performance
FTCB vs. PCRB - Performance Comparison
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Returns By Period
FTCB
- 1D
- -0.34%
- 1M
- -0.66%
- 6M
- -0.36%
- YTD
- -0.21%
- 1Y
- 4.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCRB
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTCB vs. PCRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTCB First Trust Core Investment Grade ETF | -0.21% | 8.12% | 2.57% | 5.69% |
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | 1.91% | 6.13% |
Correlation
The correlation between FTCB and PCRB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023 | 0.88 |
The correlation between FTCB and PCRB has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
FTCB vs. PCRB — Risk / Return Rank
FTCB
PCRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTCB vs. PCRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Core Investment Grade ETF (FTCB) and Putnam ESG Core Bond ETF - (PCRB). 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.
| FTCB | PCRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | — | — |
| Martin ratioReturn relative to average drawdown | 4.21 | — | — |
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Drawdowns
FTCB vs. PCRB - Drawdown Comparison
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Drawdown Indicators
| FTCB | PCRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.99% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | — | — |
Current DrawdownCurrent decline from peak | -2.09% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.27% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | — | — |
Volatility
FTCB vs. PCRB - Volatility Comparison
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Volatility by Period
| FTCB | PCRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.18% | — | — |
FTCB vs. PCRB - Expense Ratio Comparison
FTCB has a 0.55% expense ratio, which is higher than PCRB's 0.35% expense ratio.
Dividends
FTCB vs. PCRB - Dividend Comparison
FTCB's dividend yield for the trailing twelve months is around 5.39%, while PCRB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTCB First Trust Core Investment Grade ETF | 5.39% | 4.99% | 5.19% | 0.35% |
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
Frequently Asked Questions
FTCB and PCRB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PCRB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PCRB is cheaper with a 0.35% expense ratio, compared with 0.55% for FTCB.
PCRB has the higher dividend yield at 9.42%, compared with 5.39% for FTCB.
They also come from different issuers: First Trust and Putnam. Their fees differ too: 0.55% for FTCB and 0.35% for PCRB.
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