PCI vs. IGIB
PCI (PGIM Corporate Bond 5-10 Year ETF) and IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. PCI is actively managed, while IGIB is passively managed. With a 0.98 correlation, they move nearly in lockstep. PCI charges 0.25%/yr vs 0.04%/yr for IGIB.
Performance
PCI vs. IGIB - Performance Comparison
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Returns By Period
In the year-to-date period, PCI achieves a 0.54% return, which is significantly higher than IGIB's 0.09% return.
PCI
- 1D
- -0.19%
- 1M
- -0.49%
- 6M
- 0.40%
- YTD
- 0.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGIB
- 1D
- -0.13%
- 1M
- -0.39%
- 6M
- -0.08%
- YTD
- 0.09%
- 1Y
- 4.75%
- 3Y*
- 6.39%
- 5Y*
- 1.09%
- 10Y*
- 2.91%
PCI vs. IGIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCI PGIM Corporate Bond 5-10 Year ETF | 0.54% | 2.96% |
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.09% | 3.79% |
Correlation
The correlation between PCI and IGIB is 0.98 - 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 | 0.98 |
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Return for Risk
PCI vs. IGIB — Risk / Return Rank
PCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGIB
PCI vs. IGIB - 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 5-10 Year Investment Grade Corporate Bond ETF (IGIB). 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 | IGIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.45 | — |
| Martin ratioReturn relative to average drawdown | — | 4.58 | — |
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Drawdowns
PCI vs. IGIB - Drawdown Comparison
The maximum PCI drawdown since its inception was -3.04%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for PCI and IGIB.
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Drawdown Indicators
| PCI | IGIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -20.62% | +17.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.62% | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.45% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -2.57% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
PCI vs. IGIB - Volatility Comparison
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Volatility by Period
| PCI | IGIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.12% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 6.57% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 6.07% | -1.91% |
PCI vs. IGIB - Expense Ratio Comparison
PCI has a 0.25% expense ratio, which is higher than IGIB's 0.04% 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. IGIB - Dividend Comparison
PCI's dividend yield for the trailing twelve months is around 5.01%, more than IGIB's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 4.86% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
PCI PGIM Corporate Bond 5-10 Year ETF | 5.01% | 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
With a correlation of 0.98, PCI and IGIB 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, IGIB is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGIB is cheaper with a 0.04% expense ratio, compared with 0.25% for PCI.
PCI has the higher dividend yield at 5.01%, compared with 4.86% for IGIB.
They also come from different issuers: PGIM and iShares. Their fees differ too: 0.25% for PCI and 0.04% for IGIB.
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