PCI vs. HYGH
PCI (PGIM Corporate Bond 5-10 Year ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - PCI is a Corporate Bonds fund actively managed by PGIM, while HYGH is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. PCI is actively managed, while HYGH is passively managed. Over the past year, PCI returned 2.75% vs 7.30% for HYGH. Their 0.24 correlation means their historical movements had little consistent relationship. PCI charges 0.25%/yr vs 0.52%/yr for HYGH.
Performance
PCI vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, PCI achieves a -0.20% return, which is significantly lower than HYGH's 3.69% return.
PCI
- 1D
- -0.19%
- 1M
- -1.39%
- 6M
- -0.44%
- YTD
- -0.20%
- 1Y
- 2.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HYGH
- 1D
- 0.23%
- 1M
- 0.18%
- 6M
- 3.04%
- YTD
- 3.69%
- 1Y
- 7.30%
- 3Y*
- 9.04%
- 5Y*
- 7.04%
- 10Y*
- 6.28%
- ALL TIME*
- 4.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.51M | $5.45M | $4.91M | |
| $12.00K | $18.29K | $194.16K |
PCI vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCI PGIM Corporate Bond 5-10 Year ETF | -0.20% | 2.96% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.69% | 3.05% |
Correlation
The correlation between PCI and HYGH is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.24 |
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Return for Risk
PCI vs. HYGH — Risk / Return Rank
PCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGH
PCI vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 5-10 Year ETF (PCI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
| PCI | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.24 | — |
| Martin ratioReturn relative to average drawdown | — | 16.68 | — |
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Drawdowns
PCI vs. HYGH - Drawdown Comparison
The maximum PCI drawdown since its inception was -3.04%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for PCI and HYGH.
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Drawdown Indicators
| PCI | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -23.88% | +20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -1.62% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.06% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -2.20% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
PCI vs. HYGH - Volatility Comparison
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Volatility by Period
| PCI | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.64% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 7.06% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 8.21% | -4.07% |
PCI vs. HYGH - Expense Ratio Comparison
PCI has a 0.25% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
PCI vs. HYGH - Dividend Comparison
PCI's dividend yield for the trailing twelve months is around 5.49%, less than HYGH's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.56% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
PCI PGIM Corporate Bond 5-10 Year ETF | 5.49% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCI and HYGH have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, HYGH leads with 7.30% vs 2.75% for PCI. On fees, PCI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGH has performed better with a 7.30% return vs 2.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PCI is cheaper with a 0.25% expense ratio, compared with 0.52% for HYGH.
HYGH has the higher dividend yield at 6.56%, compared with 5.49% for PCI.
PCI is categorized as Corporate Bonds, while HYGH is High Yield Bonds. They also come from different issuers: PGIM and iShares. Their fees differ too: 0.25% for PCI and 0.52% for HYGH.
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