PCI vs. PCL

Last updated Jul 12, 2026

PCI (PGIM Corporate Bond 5-10 Year ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds from PGIM. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

PCI vs. PCL - Performance Comparison

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

Returns By Period

In the year-to-date period, PCI achieves a 0.54% return, which is significantly higher than PCL's 0.10% return.

PCI

• 1D: -0.19%
• 1M: -0.49%
• 6M: 0.40%
• YTD: 0.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCL

• 1D: -0.30%
• 1M: -1.79%
• 6M: -0.66%
• YTD: 0.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCI vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
PCI PGIM Corporate Bond 5-10 Year ETF	0.54%	2.96%
PCL PGIM Corporate Bond 10+ Year ETF	0.10%	2.51%

Correlation

The correlation between PCI and PCL is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.93

Return for Risk

PCI vs. PCL - 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 Corporate Bond 10+ Year ETF (PCL). 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.

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

Drawdowns

PCI vs. PCL - Drawdown Comparison

The maximum PCI drawdown since its inception was -3.04%, smaller than the maximum PCL drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for PCI and PCL.

Drawdown Indicators

	PCI	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-5.14%	+2.10%
Current Drawdown Current decline from peak	-1.11%	-2.85%	+1.74%
Average Drawdown Average peak-to-trough decline	-0.60%	-1.70%	+1.10%

Volatility

Volatility by Period

	PCI	PCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	7.84%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.16%	7.84%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	7.84%	-3.68%

PCI vs. PCL - Expense Ratio Comparison

Both PCI and PCL have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PCI vs. PCL - Dividend Comparison

PCI's dividend yield for the trailing twelve months is around 5.01%, less than PCL's 5.86% yield.

Position	TTM	2025
PCI PGIM Corporate Bond 5-10 Year ETF	5.01%	2.18%
PCL PGIM Corporate Bond 10+ Year ETF	5.86%	2.52%

Frequently Asked Questions

Can I hold both PCI and PCL in my portfolio?

With a correlation of 0.93, PCI and PCL 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.

Which ETF is better, PCI or PCL?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCI or PCL?

PCI and PCL have the same expense ratio: 0.25% per year.

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

PCL has the higher dividend yield at 5.86%, compared with 5.01% for PCI.