IGEB vs. PCL
IGEB (iShares Investment Grade Bond Factor ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. IGEB is passively managed, while PCL is actively managed. With a 0.95 correlation, they move nearly in lockstep. IGEB charges 0.18%/yr vs 0.25%/yr for PCL.
Performance
IGEB vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, IGEB achieves a 0.98% return, which is significantly lower than PCL's 2.74% return.
IGEB
- 1D
- 0.36%
- 1M
- 1.06%
- YTD
- 0.98%
- 6M
- 0.79%
- 1Y
- 4.93%
- 3Y*
- 6.01%
- 5Y*
- 1.07%
- 10Y*
- —
PCL
- 1D
- 0.67%
- 1M
- 2.25%
- YTD
- 2.74%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGEB vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 0.98% | 3.40% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.74% | 2.51% |
Correlation
The correlation between IGEB and PCL is 0.95 - 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 | 0.95 |
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Return for Risk
IGEB vs. PCL — Risk / Return Rank
IGEB
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGEB vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) 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.
| IGEB | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | — | — |
| Martin ratioReturn relative to average drawdown | 5.46 | — | — |
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Drawdowns
IGEB vs. PCL - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for IGEB and PCL.
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Drawdown Indicators
| IGEB | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -5.14% | -15.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.24% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -1.72% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | — | — |
Volatility
IGEB vs. PCL - Volatility Comparison
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Volatility by Period
| IGEB | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 7.85% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 7.85% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.51% | 7.85% | -1.34% |
IGEB vs. PCL - Expense Ratio Comparison
IGEB has a 0.18% 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
IGEB vs. PCL - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 5.03%, less than PCL's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 5.03% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% |
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 0.95, IGEB 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, IGEB is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGEB is cheaper with a 0.18% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.24%, compared with 5.03% for IGEB.
They also come from different issuers: iShares and PGIM. Their fees differ too: 0.18% for IGEB and 0.25% for PCL.
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