PCL vs. BLTD

Last updated Aug 4, 2026

PCL (PGIM Corporate Bond 10+ Year ETF) and BLTD (Bluemonte Long Term Bond ETF) are both exchange-traded funds - PCL is a Corporate Bonds fund actively managed by PGIM, while BLTD is a Long-Term Bond fund actively managed by Bluemonte. Both are actively managed. Over the past year, PCL returned 0.99% vs 0.11% for BLTD. Their 0.97 correlation means they have historically moved very closely together. PCL charges 0.25%/yr vs 0.23%/yr for BLTD.

Performance

PCL vs. BLTD - Performance Comparison

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

Returns By Period

In the year-to-date period, PCL achieves a -1.48% return, which is significantly higher than BLTD's -1.95% return.

PCL

• 1D: 0.63%
• 1M: -3.27%
• 6M: -1.88%
• YTD: -1.48%
• 1Y: 0.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.98%

BLTD

• 1D: 0.35%
• 1M: -2.70%
• 6M: -1.94%
• YTD: -1.95%
• 1Y: 0.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLTD Bluemonte Long Term Bond ETF	$317.91K	$316.46K	$451.36K
PCL PGIM Corporate Bond 10+ Year ETF	$983.78K	$474.50K	$658.91K

PCL vs. BLTD - Yearly Performance Comparison

	2026 (YTD)	2025
PCL PGIM Corporate Bond 10+ Year ETF	-1.48%	2.51%
BLTD Bluemonte Long Term Bond ETF	-1.95%	3.21%

Correlation

The correlation between PCL and BLTD is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.97

The correlation between PCL and BLTD has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

PCL vs. BLTD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCL

PCL Risk / Return Rank: 12
PCL Sharpe Ratio Rank: 13
PCL Sortino Ratio Rank: 12
PCL Omega Ratio Rank: 11
PCL Calmar Ratio Rank: 13
PCL Martin Ratio Rank: 13

BLTD

BLTD Risk / Return Rank: 10
BLTD Sharpe Ratio Rank: 11
BLTD Sortino Ratio Rank: 10
BLTD Omega Ratio Rank: 10
BLTD Calmar Ratio Rank: 11
BLTD Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCL vs. BLTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and Bluemonte Long Term Bond ETF (BLTD). 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.

	PCL	BLTD	Difference
Sharpe ratio: Return per unit of total volatility	0.13	0.02	+0.11
Sortino ratio: Return per unit of downside risk	0.23	0.07	+0.16
Omega ratio: Gain probability vs. loss probability	1.03	1.01	+0.02
Calmar ratio: Return relative to maximum drawdown	0.19	0.02	+0.17
Martin ratio: Return relative to average drawdown	0.45	0.05	+0.39

PCL vs. BLTD - Sharpe Ratio Comparison

The current PCL Sharpe Ratio is 0.13, which is higher than the BLTD Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of PCL and BLTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PCL vs. BLTD - Drawdown Comparison

The maximum PCL drawdown since its inception was -5.14%, roughly equal to the maximum BLTD drawdown of -4.97%. Use the drawdown chart below to compare losses from any high point for PCL and BLTD.

Drawdown Indicators

	PCL	BLTD	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-4.97%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-4.97%	-0.17%
Current Drawdown Current decline from peak	-4.37%	-4.63%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.84%	-1.76%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.21%	+0.01%

Volatility

PCL vs. BLTD - Volatility Comparison

PGIM Corporate Bond 10+ Year ETF (PCL) has a higher volatility of 2.18% compared to Bluemonte Long Term Bond ETF (BLTD) at 1.79%. This indicates that PCL's price experiences larger fluctuations and is considered to be riskier than BLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCL	BLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	1.79%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	6.16%	5.22%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	7.84%	6.67%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.83%	6.81%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.83%	6.81%	+1.02%

PCL vs. BLTD - Expense Ratio Comparison

PCL has a 0.25% expense ratio, which is higher than BLTD's 0.23% 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. BLTD - Dividend Comparison

PCL's dividend yield for the trailing twelve months is around 6.47%, more than BLTD's 4.50% yield.

Position	TTM	2025
BLTD Bluemonte Long Term Bond ETF	4.50%	2.48%
PCL PGIM Corporate Bond 10+ Year ETF	6.47%	2.52%

Frequently Asked Questions

Can I hold both PCL and BLTD in my portfolio?

With a correlation of 0.98, PCL and BLTD 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 is riskier, PCL or BLTD?

PCL has higher volatility (2.18%) compared to BLTD (1.79%). In terms of maximum drawdown, PCL dropped -5.14% vs BLTD's -4.97%.

Which ETF is better, PCL or BLTD?

On 1-year performance, PCL leads with 0.99% vs 0.11% for BLTD. On fees, BLTD is cheaper at 0.23% per year. On volatility, BLTD has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCL or BLTD?

Over the 1-year period, PCL has performed better with a 0.99% return vs 0.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCL or BLTD?

BLTD is cheaper with a 0.23% expense ratio, compared with 0.25% for PCL.

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

PCL has the higher dividend yield at 6.47%, compared with 4.50% for BLTD.

What is the main difference between PCL and BLTD?

PCL is categorized as Corporate Bonds, while BLTD is Long-Term Bond. They also come from different issuers: PGIM and Bluemonte. Their fees differ too: 0.25% for PCL and 0.23% for BLTD.

Which has better risk-adjusted returns?

PCL currently has the higher Sharpe Ratio (0.13 vs 0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.