PCI vs. OVT
PCI (PGIM Corporate Bond 5-10 Year ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past year, PCI returned 2.75% vs 5.78% for OVT. Their 0.68 correlation means they have sometimes moved together and sometimes differently. PCI charges 0.25%/yr vs 0.80%/yr for OVT.
Performance
PCI vs. OVT - 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 OVT's 2.18% return.
PCI
- 1D
- -0.19%
- 1M
- -1.39%
- 6M
- -0.44%
- YTD
- -0.20%
- 1Y
- 2.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
OVT
- 1D
- 0.14%
- 1M
- -0.29%
- 6M
- 1.49%
- YTD
- 2.18%
- 1Y
- 5.78%
- 3Y*
- 7.01%
- 5Y*
- 2.74%
- 10Y*
- —
- ALL TIME*
- 2.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $448.53K | $331.00K | $285.10K | |
| $12.00K | $18.29K | $194.16K |
PCI vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCI PGIM Corporate Bond 5-10 Year ETF | -0.20% | 2.96% |
OVT Overlay Shares Short Term Bond ETF | 2.18% | 3.92% |
Correlation
The correlation between PCI and OVT is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.68 |
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Return for Risk
PCI vs. OVT — Risk / Return Rank
PCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OVT
PCI vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 5-10 Year ETF (PCI) and Overlay Shares Short Term Bond ETF (OVT). 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 | OVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.01 | — |
| Martin ratioReturn relative to average drawdown | — | 11.03 | — |
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Drawdowns
PCI vs. OVT - Drawdown Comparison
The maximum PCI drawdown since its inception was -3.04%, smaller than the maximum OVT drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for PCI and OVT.
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Drawdown Indicators
| PCI | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -13.59% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -1.55% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.59% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.83% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -3.32% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
PCI vs. OVT - Volatility Comparison
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Volatility by Period
| PCI | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.72% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 4.69% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 4.54% | -0.40% |
PCI vs. OVT - Expense Ratio Comparison
PCI has a 0.25% expense ratio, which is lower than OVT's 0.80% expense ratio.
Dividends
PCI vs. OVT - Dividend Comparison
PCI's dividend yield for the trailing twelve months is around 5.49%, less than OVT's 7.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 7.66% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% |
PCI PGIM Corporate Bond 5-10 Year ETF | 5.49% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCI and OVT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, OVT leads with 5.78% 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, OVT has performed better with a 5.78% 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 0.80% for OVT.
OVT has the higher dividend yield at 7.66%, compared with 5.49% for PCI.
They also come from different issuers: PGIM and Liquid Strategies. Their fees differ too: 0.25% for PCI and 0.80% for OVT.
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