PCL vs. FLRN
PCL (PGIM Corporate Bond 10+ Year ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds. PCL is actively managed, while FLRN is passively managed. At a 0.17 correlation, their price movements are largely independent. PCL charges 0.25%/yr vs 0.15%/yr for FLRN.
Performance
PCL vs. FLRN - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PCL having a 2.06% return and FLRN slightly lower at 2.03%.
PCL
- 1D
- 0.18%
- 1M
- 1.57%
- YTD
- 2.06%
- 6M
- 1.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLRN
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 2.03%
- 6M
- 2.13%
- 1Y
- 4.78%
- 3Y*
- 5.58%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
PCL vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 2.06% | 2.51% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 2.03% | 2.05% |
Correlation
The correlation between PCL and FLRN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.17 |
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Return for Risk
PCL vs. FLRN — Risk / Return Rank
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLRN
PCL vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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 | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 21.09 | — |
| Martin ratioReturn relative to average drawdown | — | 124.77 | — |
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Drawdowns
PCL vs. FLRN - Drawdown Comparison
The maximum PCL drawdown since its inception was -5.14%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for PCL and FLRN.
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Drawdown Indicators
| PCL | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -14.64% | +9.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.64% | — |
Current DrawdownCurrent decline from peak | -0.91% | 0.00% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -1.82% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
PCL vs. FLRN - Volatility Comparison
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Volatility by Period
| PCL | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 0.70% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 1.69% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 4.21% | +3.62% |
PCL vs. FLRN - Expense Ratio Comparison
PCL has a 0.25% expense ratio, which is higher than FLRN's 0.15% 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. FLRN - Dividend Comparison
PCL's dividend yield for the trailing twelve months is around 5.27%, more than FLRN's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.50% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.27% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCL and FLRN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRN is cheaper with a 0.15% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.27%, compared with 4.50% for FLRN.
They also come from different issuers: PGIM and State Street. Their fees differ too: 0.25% for PCL and 0.15% for FLRN.
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