JLQD vs. PCL
JLQD (Janus Henderson Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. JLQD is passively managed, while PCL is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. JLQD charges 0.20%/yr vs 0.25%/yr for PCL.
Performance
JLQD vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, JLQD achieves a 1.01% return, which is significantly lower than PCL's 2.77% return.
JLQD
- 1D
- 0.19%
- 1M
- 1.05%
- YTD
- 1.01%
- 6M
- 0.89%
- 1Y
- 5.39%
- 3Y*
- 5.74%
- 5Y*
- —
- 10Y*
- —
PCL
- 1D
- 0.03%
- 1M
- 1.83%
- YTD
- 2.77%
- 6M
- 2.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JLQD vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JLQD Janus Henderson Corporate Bond ETF | 1.01% | 3.73% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.77% | 2.51% |
Correlation
The correlation between JLQD and PCL is 0.92, 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 Aug 1, 2025 | 0.92 |
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Return for Risk
JLQD vs. PCL — Risk / Return Rank
JLQD
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JLQD vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (JLQD) 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.
| JLQD | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | — | — |
| Martin ratioReturn relative to average drawdown | 6.40 | — | — |
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Drawdowns
JLQD vs. PCL - Drawdown Comparison
The maximum JLQD drawdown since its inception was -21.17%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for JLQD and PCL.
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Drawdown Indicators
| JLQD | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -5.14% | -16.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.22% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -1.71% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | — | — |
Volatility
JLQD vs. PCL - Volatility Comparison
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Volatility by Period
| JLQD | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 7.83% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 7.83% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 7.83% | -1.54% |
JLQD vs. PCL - Expense Ratio Comparison
JLQD has a 0.20% 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
JLQD vs. PCL - Dividend Comparison
JLQD's dividend yield for the trailing twelve months is around 5.40%, more than PCL's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JLQD Janus Henderson Corporate Bond ETF | 5.40% | 5.28% | 5.36% | 3.99% | 2.77% | 0.83% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.24% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, JLQD 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, JLQD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JLQD is cheaper with a 0.20% expense ratio, compared with 0.25% for PCL.
JLQD has the higher dividend yield at 5.40%, compared with 5.24% for PCL.
They also come from different issuers: Janus Henderson and PGIM. Their fees differ too: 0.20% for JLQD and 0.25% for PCL.
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