PCL vs. BBBL

Last updated Jun 4, 2026

PCL (PGIM Corporate Bond 10+ Year ETF) and BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) are both exchange-traded funds - PCL is a Corporate Bonds fund actively managed by PGIM, while BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. PCL is actively managed, while BBBL is passively managed. With a 0.99 correlation, they move nearly in lockstep. PCL charges 0.25%/yr vs 0.19%/yr for BBBL.

Performance

PCL vs. BBBL - Performance Comparison

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

Returns By Period

In the year-to-date period, PCL achieves a 1.46% return, which is significantly higher than BBBL's 1.22% return.

PCL

• 1D: -0.35%
• 1M: 1.51%
• YTD: 1.46%
• 6M: 0.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBBL

• 1D: -0.39%
• 1M: 1.64%
• YTD: 1.22%
• 6M: 0.19%
• 1Y: 7.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCL vs. BBBL - Yearly Performance Comparison

	2026 (YTD)	2025
PCL PGIM Corporate Bond 10+ Year ETF	1.46%	2.51%
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	1.22%	2.34%

Correlation

The correlation between PCL and BBBL is 0.99 - 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 4, 2025	0.99

Return for Risk

PCL vs. BBBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBBL

BBBL Risk / Return Rank: 28
BBBL Sharpe Ratio Rank: 28
BBBL Sortino Ratio Rank: 27
BBBL Omega Ratio Rank: 27
BBBL Calmar Ratio Rank: 30
BBBL Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCL vs. BBBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL). 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.

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

Sharpe Ratios by Period

	PCL	BBBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.39	+0.22

Drawdowns

PCL vs. BBBL - Drawdown Comparison

The maximum PCL drawdown since its inception was -5.14%, smaller than the maximum BBBL drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for PCL and BBBL.

Drawdown Indicators

	PCL	BBBL	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-9.43%	+4.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.45%	—
Current Drawdown Current decline from peak	-1.49%	-1.89%	+0.40%
Average Drawdown Average peak-to-trough decline	-1.76%	-3.31%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.17%	—

Volatility

Volatility by Period

	PCL	BBBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.89%	7.86%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.89%	9.80%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	9.80%	-1.91%

PCL vs. BBBL - Expense Ratio Comparison

PCL has a 0.25% expense ratio, which is higher than BBBL'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

PCL vs. BBBL - Dividend Comparison

PCL's dividend yield for the trailing twelve months is around 5.31%, less than BBBL's 5.74% yield.

Position	TTM	2025	2024
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	5.74%	5.77%	5.19%
PCL PGIM Corporate Bond 10+ Year ETF	5.31%	2.52%	0.00%

Frequently Asked Questions

Can I hold both PCL and BBBL in my portfolio?

With a correlation of 0.99, PCL and BBBL 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, PCL or BBBL?

On fees, BBBL is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCL or BBBL?

BBBL is cheaper with a 0.19% expense ratio, compared with 0.25% for PCL.

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

BBBL has the higher dividend yield at 5.74%, compared with 5.31% for PCL.

What is the main difference between PCL and BBBL?

PCL is categorized as Corporate Bonds, while BBBL is Long-Term Bond. They also come from different issuers: PGIM and BondBloxx. Their fees differ too: 0.25% for PCL and 0.19% for BBBL.