PCI vs. PAAA
PCI (PGIM Corporate Bond 5-10 Year ETF) and PAAA (PGIM AAA CLO ETF) are both exchange-traded funds - PCI is a Corporate Bonds fund actively managed by PGIM, while PAAA is a CLO fund actively managed by PGIM. Both are actively managed. Over the past year, PCI returned 2.75% vs 4.99% for PAAA. Their 0.12 correlation means their historical movements had little consistent relationship. PCI charges 0.25%/yr vs 0.19%/yr for PAAA.
Performance
PCI vs. PAAA - 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 PAAA's 2.76% return.
PCI
- 1D
- -0.19%
- 1M
- -1.39%
- 6M
- -0.44%
- YTD
- -0.20%
- 1Y
- 2.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PAAA
- 1D
- 0.02%
- 1M
- 0.33%
- 6M
- 2.20%
- YTD
- 2.76%
- 1Y
- 4.99%
- 3Y*
- 6.48%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PAAA PGIM AAA CLO ETF | $115.54M | $105.02M | $101.96M |
| $12.00K | $18.29K | $194.16K |
PCI vs. PAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCI PGIM Corporate Bond 5-10 Year ETF | -0.20% | 2.96% |
PAAA PGIM AAA CLO ETF | 2.76% | 2.17% |
Correlation
The correlation between PCI and PAAA is 0.12, 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 | 0.12 |
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Return for Risk
PCI vs. PAAA — Risk / Return Rank
PCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAAA
PCI vs. PAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 5-10 Year ETF (PCI) and PGIM AAA CLO ETF (PAAA). 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 | PAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 6.51 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 28.82 | — |
| Martin ratioReturn relative to average drawdown | — | 178.72 | — |
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Drawdowns
PCI vs. PAAA - Drawdown Comparison
The maximum PCI drawdown since its inception was -3.04%, which is greater than PAAA's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for PCI and PAAA.
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Drawdown Indicators
| PCI | PAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -1.04% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -0.17% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.04% | — |
Current DrawdownCurrent decline from peak | -1.84% | 0.00% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -0.02% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
PCI vs. PAAA - Volatility Comparison
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Volatility by Period
| PCI | PAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 0.47% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 0.95% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 0.95% | +3.19% |
PCI vs. PAAA - Expense Ratio Comparison
PCI has a 0.25% expense ratio, which is higher than PAAA's 0.19% 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. PAAA - Dividend Comparison
PCI's dividend yield for the trailing twelve months is around 5.49%, more than PAAA's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAAA PGIM AAA CLO ETF | 4.80% | 5.12% | 5.88% | 2.76% |
PCI PGIM Corporate Bond 5-10 Year ETF | 5.49% | 2.18% | 0.00% | 0.00% |
Frequently Asked Questions
PCI and PAAA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, PAAA leads with 4.99% vs 2.75% for PCI. On fees, PAAA is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PAAA has performed better with a 4.99% return vs 2.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAAA is cheaper with a 0.19% expense ratio, compared with 0.25% for PCI.
PCI has the higher dividend yield at 5.49%, compared with 4.80% for PAAA.
PCI is categorized as Corporate Bonds, while PAAA is CLO. Their fees differ too: 0.25% for PCI and 0.19% for PAAA.
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