GIGB vs. PCL
GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. GIGB is passively managed, while PCL is actively managed. With a 0.96 correlation, they move nearly in lockstep. GIGB charges 0.14%/yr vs 0.25%/yr for PCL.
Performance
GIGB vs. PCL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GIGB achieves a 1.38% return, which is significantly lower than PCL's 2.77% return.
GIGB
- 1D
- 0.07%
- 1M
- 0.94%
- YTD
- 1.38%
- 6M
- 1.10%
- 1Y
- 5.33%
- 3Y*
- 5.18%
- 5Y*
- 0.41%
- 10Y*
- —
PCL
- 1D
- 0.03%
- 1M
- 1.83%
- YTD
- 2.77%
- 6M
- 2.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GIGB vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 1.38% | 3.24% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.77% | 2.51% |
Correlation
The correlation between GIGB and PCL is 0.96 - 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 | 0.96 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GIGB vs. PCL — Risk / Return Rank
GIGB
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GIGB vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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.
| GIGB | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | — | — |
| Martin ratioReturn relative to average drawdown | 5.76 | — | — |
Loading charts...
Drawdowns
GIGB vs. PCL - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for GIGB and PCL.
Loading charts...
Drawdown Indicators
| GIGB | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -5.14% | -17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.22% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -1.71% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | — | — |
Volatility
GIGB vs. PCL - Volatility Comparison
Loading charts...
Volatility by Period
| GIGB | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 7.83% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 7.83% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 7.83% | -0.18% |
GIGB vs. PCL - Expense Ratio Comparison
GIGB 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
GIGB vs. PCL - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.58%, less than PCL's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.58% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% |
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% |
Frequently Asked Questions
With a correlation of 0.96, GIGB 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, GIGB is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GIGB is cheaper with a 0.14% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.24%, compared with 4.58% for GIGB.
They also come from different issuers: Goldman Sachs and PGIM. Their fees differ too: 0.14% for GIGB and 0.25% for PCL.
Find the right allocation for GIGB and PCL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer