PCI vs. IBDR

Last updated Jun 6, 2026

PCI (PGIM Corporate Bond 5-10 Year ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds. PCI is actively managed, while IBDR is passively managed. At a 0.08 correlation, their price movements are largely independent. PCI charges 0.25%/yr vs 0.10%/yr for IBDR.

Performance

PCI vs. IBDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Corporate Bond 5-10 Year ETF (PCI) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCI achieves a 0.25% return, which is significantly lower than IBDR's 1.52% return.

PCI

• 1D: -0.57%
• 1M: -0.79%
• YTD: 0.25%
• 6M: 0.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBDR

• 1D: 0.04%
• 1M: 0.33%
• YTD: 1.52%
• 6M: 1.93%
• 1Y: 4.38%
• 3Y*: 5.16%
• 5Y*: 1.52%
• 10Y*: —

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

PCI vs. IBDR - Yearly Performance Comparison

	2026 (YTD)	2025
PCI PGIM Corporate Bond 5-10 Year ETF	0.25%	2.96%
IBDR iShares iBonds Dec 2026 Term Corporate ETF	1.52%	1.97%

Correlation

The correlation between PCI and IBDR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025	0.08

Return for Risk

PCI vs. IBDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBDR

IBDR Risk / Return Rank: 99
IBDR Sharpe Ratio Rank: 99
IBDR Sortino Ratio Rank: 99
IBDR Omega Ratio Rank: 99
IBDR Calmar Ratio Rank: 99
IBDR Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCI vs. IBDR - 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 iBonds Dec 2026 Term Corporate ETF (IBDR). 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.

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

Sharpe Ratios by Period

	PCI	IBDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.61	+0.31

Drawdowns

PCI vs. IBDR - Drawdown Comparison

The maximum PCI drawdown since its inception was -3.04%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for PCI and IBDR.

Drawdown Indicators

	PCI	IBDR	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-16.06%	+13.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.13%	—
Current Drawdown Current decline from peak	-1.40%	0.00%	-1.40%
Average Drawdown Average peak-to-trough decline	-0.58%	-2.83%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	PCI	IBDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	0.63%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.17%	3.40%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.17%	4.86%	-0.69%

PCI vs. IBDR - Expense Ratio Comparison

PCI has a 0.25% expense ratio, which is higher than IBDR's 0.10% 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

PCI vs. IBDR - Dividend Comparison

PCI's dividend yield for the trailing twelve months is around 4.60%, more than IBDR's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IBDR iShares iBonds Dec 2026 Term Corporate ETF	4.13%	4.20%	4.13%	3.41%	2.44%	2.11%	2.61%	3.25%	3.56%	3.22%	0.86%
PCI PGIM Corporate Bond 5-10 Year ETF	4.60%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCI and IBDR in my portfolio?

PCI and IBDR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCI or IBDR?

On fees, IBDR is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCI or IBDR?

IBDR is cheaper with a 0.10% expense ratio, compared with 0.25% for PCI.

Which ETF pays a higher dividend yield, PCI or IBDR?

PCI has the higher dividend yield at 4.60%, compared with 4.13% for IBDR.

What is the main difference between PCI and IBDR?

They also come from different issuers: PGIM and iShares. Their fees differ too: 0.25% for PCI and 0.10% for IBDR.