PCL vs. BLTD

Last updated Jun 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 managed by Bluemonte. With a 0.98 correlation, they move nearly in lockstep. 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 1.46% return, which is significantly higher than BLTD's 0.26% return.

PCL

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

BLTD

• 1D: -0.32%
• 1M: 0.87%
• YTD: 0.26%
• 6M: -0.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCL vs. BLTD - Yearly Performance Comparison

	2026 (YTD)	2025
PCL PGIM Corporate Bond 10+ Year ETF	1.46%	2.51%
BLTD Bluemonte Long Term Bond ETF	0.26%	2.11%

Correlation

The correlation between PCL and BLTD is 0.98 - 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	0.98

Return for Risk

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.

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

Sharpe Ratios by Period

	PCL	BLTD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.65	-0.04

Drawdowns

PCL vs. BLTD - Drawdown Comparison

The maximum PCL drawdown since its inception was -5.14%, which is greater than BLTD's maximum drawdown of -4.80%. 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%	-4.80%	-0.34%
Current Drawdown Current decline from peak	-1.49%	-2.48%	+0.99%
Average Drawdown Average peak-to-trough decline	-1.76%	-1.57%	-0.19%

Volatility

Volatility by Period

	PCL	BLTD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.89%	6.84%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.89%	6.84%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	6.84%	+1.05%

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 5.31%, more than BLTD's 3.93% yield.

Position	TTM	2025
BLTD Bluemonte Long Term Bond ETF	3.93%	2.48%
PCL PGIM Corporate Bond 10+ Year ETF	5.31%	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 ETF is better, PCL or BLTD?

On fees, BLTD is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 5.31%, compared with 3.93% 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.