IG vs. PCL

Last updated Jun 21, 2026

IG (Principal Investment Grade Corporate Active ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. IG charges 0.26%/yr vs 0.25%/yr for PCL.

Performance

IG vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Investment Grade Corporate Active ETF (IG) and PGIM Corporate Bond 10+ Year ETF (PCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IG

• 1D: 0.25%
• 1M: 1.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCL

• 1D: 0.25%
• 1M: 2.27%
• YTD: 2.29%
• 6M: 2.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IG vs. PCL - Yearly Performance Comparison

	2026 (YTD)
IG Principal Investment Grade Corporate Active ETF	0.26%
PCL PGIM Corporate Bond 10+ Year ETF	1.06%

Correlation

The correlation between IG and PCL is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.91

Return for Risk

IG vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) 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.

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

Drawdowns

IG vs. PCL - Drawdown Comparison

The maximum IG drawdown since its inception was -1.75%, smaller than the maximum PCL drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for IG and PCL.

Drawdown Indicators

	IG	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-1.75%	-5.14%	+3.39%
Current Drawdown Current decline from peak	-0.15%	-0.68%	+0.53%
Average Drawdown Average peak-to-trough decline	-0.45%	-1.73%	+1.28%

Volatility

Volatility by Period

	IG	PCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.86%	7.85%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.86%	7.85%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.86%	7.85%	-2.99%

IG vs. PCL - Expense Ratio Comparison

IG has a 0.26% expense ratio, which is higher than PCL's 0.25% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IG vs. PCL - Dividend Comparison

IG's dividend yield for the trailing twelve months is around 0.84%, less than PCL's 5.26% yield.

Position	TTM	2025
IG Principal Investment Grade Corporate Active ETF	0.84%	0.00%
PCL PGIM Corporate Bond 10+ Year ETF	5.26%	2.52%

Frequently Asked Questions

Can I hold both IG and PCL in my portfolio?

With a correlation of 0.91, IG 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.

Which ETF is better, IG or PCL?

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.

Which ETF is cheaper, IG or PCL?

PCL is cheaper with a 0.25% expense ratio, compared with 0.26% for IG.

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

PCL has the higher dividend yield at 5.26%, compared with 0.84% for IG.

What is the main difference between IG and PCL?

They also come from different issuers: Principal and PGIM. Their fees differ too: 0.26% for IG and 0.25% for PCL.