PCL vs. GXIG

Last updated Jun 24, 2026

PCL (PGIM Corporate Bond 10+ Year ETF) and GXIG (Global X Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. PCL charges 0.25%/yr vs 0.14%/yr for GXIG.

Performance

PCL vs. GXIG - Performance Comparison

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

Returns By Period

In the year-to-date period, PCL achieves a 2.06% return, which is significantly higher than GXIG's 0.46% return.

PCL

• 1D: 0.18%
• 1M: 1.57%
• YTD: 2.06%
• 6M: 1.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXIG

• 1D: 0.12%
• 1M: 0.68%
• YTD: 0.46%
• 6M: 0.64%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCL vs. GXIG - Yearly Performance Comparison

	2026 (YTD)	2025
PCL PGIM Corporate Bond 10+ Year ETF	2.06%	2.51%
GXIG Global X Investment Grade Corporate Bond ETF	0.46%	3.17%

Correlation

The correlation between PCL and GXIG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.89

Return for Risk

PCL vs. GXIG — Risk / Return Rank

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

PCL

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

GXIG

GXIG Risk / Return Rank: 24
GXIG Sharpe Ratio Rank: 23
GXIG Sortino Ratio Rank: 21
GXIG Omega Ratio Rank: 22
GXIG Calmar Ratio Rank: 29
GXIG Martin Ratio Rank: 26

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. GXIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and Global X Investment Grade Corporate Bond ETF (GXIG). 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	GXIG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.75	—
Sortino ratio: Return per unit of downside risk	—	1.10	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	1.36	—
Martin ratio: Return relative to average drawdown	—	3.30	—

Drawdowns

PCL vs. GXIG - Drawdown Comparison

The maximum PCL drawdown since its inception was -5.14%, which is greater than GXIG's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for PCL and GXIG.

Drawdown Indicators

	PCL	GXIG	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-3.18%	-1.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.18%	—
Current Drawdown Current decline from peak	-0.91%	-1.33%	+0.42%
Average Drawdown Average peak-to-trough decline	-1.73%	-1.06%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.31%	—

Volatility

Volatility by Period

	PCL	GXIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.83%	5.75%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.83%	5.72%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.83%	5.72%	+2.11%

PCL vs. GXIG - Expense Ratio Comparison

PCL has a 0.25% expense ratio, which is higher than GXIG's 0.14% 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. GXIG - Dividend Comparison

PCL's dividend yield for the trailing twelve months is around 5.27%, less than GXIG's 5.90% yield.

Position	TTM	2025
GXIG Global X Investment Grade Corporate Bond ETF	5.90%	3.83%
PCL PGIM Corporate Bond 10+ Year ETF	5.27%	2.52%

Frequently Asked Questions

Can I hold both PCL and GXIG in my portfolio?

PCL and GXIG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCL or GXIG?

On fees, GXIG is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCL or GXIG?

GXIG is cheaper with a 0.14% expense ratio, compared with 0.25% for PCL.

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

GXIG has the higher dividend yield at 5.90%, compared with 5.27% for PCL.

What is the main difference between PCL and GXIG?

They also come from different issuers: PGIM and Global X. Their fees differ too: 0.25% for PCL and 0.14% for GXIG.