IBHF vs. PCL
IBHF (iShares iBonds 2026 Term High Yield and Income ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. IBHF charges 0.35%/yr vs 0.25%/yr for PCL.
Performance
IBHF vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, IBHF achieves a 0.58% return, which is significantly lower than PCL's 2.74% return.
IBHF
- 1D
- -0.04%
- 1M
- -0.10%
- YTD
- 0.58%
- 6M
- 0.45%
- 1Y
- 4.13%
- 3Y*
- 7.25%
- 5Y*
- 3.94%
- 10Y*
- —
PCL
- 1D
- 0.67%
- 1M
- 2.25%
- YTD
- 2.74%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHF vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 0.58% | 2.59% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.74% | 2.51% |
Correlation
The correlation between IBHF and PCL is 0.30, 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 | 0.30 |
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Return for Risk
IBHF vs. PCL — Risk / Return Rank
IBHF
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHF vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) 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.
| IBHF | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | — | — |
| Martin ratioReturn relative to average drawdown | 17.38 | — | — |
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Drawdowns
IBHF vs. PCL - Drawdown Comparison
The maximum IBHF drawdown since its inception was -11.19%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for IBHF and PCL.
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Drawdown Indicators
| IBHF | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.19% | -5.14% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.24% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -1.72% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | — | — |
Volatility
IBHF vs. PCL - Volatility Comparison
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Volatility by Period
| IBHF | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 7.85% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 7.85% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 7.85% | -2.22% |
IBHF vs. PCL - Expense Ratio Comparison
IBHF has a 0.35% expense ratio, which is higher than PCL's 0.25% expense ratio.
Dividends
IBHF vs. PCL - Dividend Comparison
IBHF's dividend yield for the trailing twelve months is around 6.53%, more than PCL's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 6.53% | 6.73% | 7.17% | 7.33% | 6.01% | 4.55% | 0.61% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.24% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHF and PCL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PCL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PCL is cheaper with a 0.25% expense ratio, compared with 0.35% for IBHF.
IBHF has the higher dividend yield at 6.53%, compared with 5.24% for PCL.
They also come from different issuers: iShares and PGIM. Their fees differ too: 0.35% for IBHF and 0.25% for PCL.
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