PCI vs. SPBO
PCI (PGIM Corporate Bond 5-10 Year ETF) and SPBO (SPDR Portfolio Corporate Bond ETF) are both Corporate Bonds funds. PCI is actively managed, while SPBO is passively managed. Over the past year, PCI returned 2.75% vs 1.97% for SPBO. Their 0.96 correlation means they have historically moved very closely together. PCI charges 0.25%/yr vs 0.03%/yr for SPBO.
Performance
PCI vs. SPBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCI achieves a -0.20% return, which is significantly higher than SPBO's -0.59% return.
PCI
- 1D
- -0.19%
- 1M
- -1.39%
- 6M
- -0.44%
- YTD
- -0.20%
- 1Y
- 2.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPBO
- 1D
- -0.21%
- 1M
- -1.66%
- 6M
- -0.96%
- YTD
- -0.59%
- 1Y
- 1.97%
- 3Y*
- 5.03%
- 5Y*
- -0.13%
- 10Y*
- 2.42%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.00K | $18.29K | $194.16K | |
| $11.42M | $13.99M | $18.95M |
PCI vs. SPBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCI PGIM Corporate Bond 5-10 Year ETF | -0.20% | 2.96% |
SPBO SPDR Portfolio Corporate Bond ETF | -0.59% | 3.37% |
Correlation
The correlation between PCI and SPBO is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.96 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCI vs. SPBO — Risk / Return Rank
PCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPBO
PCI vs. SPBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 5-10 Year ETF (PCI) and SPDR Portfolio Corporate Bond ETF (SPBO). 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 | SPBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.97 | — |
| Martin ratioReturn relative to average drawdown | — | 2.71 | — |
Loading charts...
Drawdowns
PCI vs. SPBO - Drawdown Comparison
The maximum PCI drawdown since its inception was -3.04%, smaller than the maximum SPBO drawdown of -22.23%. Use the drawdown chart below to compare losses from any high point for PCI and SPBO.
Loading charts...
Drawdown Indicators
| PCI | SPBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -22.23% | +19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.87% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.23% | — |
Current DrawdownCurrent decline from peak | -1.84% | -2.17% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -4.01% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.02% | — |
Volatility
PCI vs. SPBO - Volatility Comparison
Loading charts...
Volatility by Period
| PCI | SPBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 4.34% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 7.18% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 7.49% | -3.35% |
PCI vs. SPBO - Expense Ratio Comparison
PCI has a 0.25% expense ratio, which is higher than SPBO's 0.03% 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. SPBO - Dividend Comparison
PCI's dividend yield for the trailing twelve months is around 5.49%, more than SPBO's 5.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCI PGIM Corporate Bond 5-10 Year ETF | 5.49% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPBO SPDR Portfolio Corporate Bond ETF | 4.76% | 5.09% | 5.28% | 4.73% | 3.54% | 2.42% | 2.75% | 3.46% | 3.60% | 3.15% | 3.35% | 3.07% |
Frequently Asked Questions
With a correlation of 0.96, PCI and SPBO 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 1-year performance, PCI leads with 2.75% vs 1.97% for SPBO. On fees, SPBO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PCI has performed better with a 2.75% return vs 1.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPBO is cheaper with a 0.03% expense ratio, compared with 0.25% for PCI.
PCI has the higher dividend yield at 5.49%, compared with 4.76% for SPBO.
They also come from different issuers: PGIM and State Street. Their fees differ too: 0.25% for PCI and 0.03% for SPBO.
Find the right allocation for PCI and SPBO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer