GCOR vs. PCRB

Last updated Jul 14, 2026

GCOR (Goldman Sachs Access U.S. Aggregate Bond ETF) and PCRB (Putnam ESG Core Bond ETF -) are both Intermediate Core Bond funds. GCOR is passively managed, while PCRB is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. GCOR charges 0.08%/yr vs 0.35%/yr for PCRB.

Performance

GCOR vs. PCRB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and Putnam ESG Core Bond ETF - (PCRB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GCOR

• 1D: -0.37%
• 1M: -0.71%
• 6M: -0.45%
• YTD: -0.22%
• 1Y: 3.62%
• 3Y*: 3.50%
• 5Y*: -0.50%
• 10Y*: —

PCRB

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GCOR vs. PCRB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF	-0.22%	7.22%	0.51%	2.23%
PCRB Putnam ESG Core Bond ETF -	-0.48%	7.21%	1.91%	2.40%

Correlation

The correlation between GCOR and PCRB is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.91

The correlation between GCOR and PCRB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

GCOR vs. PCRB — Risk / Return Rank

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

GCOR

GCOR Risk / Return Rank: 32
GCOR Sharpe Ratio Rank: 34
GCOR Sortino Ratio Rank: 33
GCOR Omega Ratio Rank: 32
GCOR Calmar Ratio Rank: 32
GCOR Martin Ratio Rank: 31

PCRB

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.

GCOR vs. PCRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) 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.

	GCOR	PCRB	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	3.57	—	—

Drawdowns

Drawdown Indicators

	GCOR	PCRB	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	—	—
Current Drawdown Current decline from peak	-3.88%	—	—
Average Drawdown Average peak-to-trough decline	-7.90%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	—	—

Volatility

Volatility by Period

	GCOR	PCRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.50%	—	—

GCOR vs. PCRB - Expense Ratio Comparison

GCOR has a 0.08% expense ratio, which is lower than PCRB's 0.35% expense ratio.

Dividends

GCOR vs. PCRB - Dividend Comparison

GCOR's dividend yield for the trailing twelve months is around 4.22%, while PCRB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF	4.22%	4.03%	4.36%	3.67%	2.11%	0.92%	0.24%
PCRB Putnam ESG Core Bond ETF -	9.42%	4.30%	4.38%	3.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GCOR and PCRB in my portfolio?

GCOR and PCRB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GCOR or PCRB?

On fees, GCOR is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GCOR or PCRB?

GCOR is cheaper with a 0.08% expense ratio, compared with 0.35% for PCRB.

Which ETF pays a higher dividend yield, GCOR or PCRB?

PCRB has the higher dividend yield at 9.42%, compared with 4.22% for GCOR.

What is the main difference between GCOR and PCRB?

They also come from different issuers: Goldman Sachs and Putnam. Their fees differ too: 0.08% for GCOR and 0.35% for PCRB.