PCL vs. IBDR
PCL (PGIM Corporate Bond 10+ Year ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds. PCL is actively managed, while IBDR is passively managed. At a 0.05 correlation, their price movements are largely independent. PCL charges 0.25%/yr vs 0.10%/yr for IBDR.
Performance
PCL vs. IBDR - Performance Comparison
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Returns By Period
In the year-to-date period, PCL achieves a 1.72% return, which is significantly higher than IBDR's 1.48% return.
PCL
- 1D
- 0.26%
- 1M
- 1.20%
- YTD
- 1.72%
- 6M
- 1.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 1.48%
- 6M
- 1.88%
- 1Y
- 4.34%
- 3Y*
- 5.11%
- 5Y*
- 1.51%
- 10Y*
- —
PCL vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 1.72% | 2.51% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.48% | 1.97% |
Correlation
The correlation between PCL and IBDR is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.05 |
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Return for Risk
PCL vs. IBDR — Risk / Return Rank
PCL
IBDR
PCL vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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.
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Sharpe Ratios by Period
| PCL | IBDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.89 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.61 | +0.04 |
Drawdowns
PCL vs. IBDR - Drawdown Comparison
The maximum PCL drawdown since its inception was -5.14%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for PCL and IBDR.
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Drawdown Indicators
| PCL | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -16.06% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.08% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.13% | — |
Current DrawdownCurrent decline from peak | -1.23% | 0.00% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -2.84% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.02% | — |
Volatility
PCL vs. IBDR - Volatility Comparison
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Volatility by Period
| PCL | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 0.64% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 3.40% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 4.86% | +3.01% |
PCL vs. IBDR - Expense Ratio Comparison
PCL has a 0.25% expense ratio, which is higher than IBDR's 0.10% 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. IBDR - Dividend Comparison
PCL's dividend yield for the trailing twelve months is around 5.29%, more than IBDR's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.13% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.29% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCL and IBDR have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDR is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.29%, compared with 4.13% for IBDR.
They also come from different issuers: PGIM and iShares. Their fees differ too: 0.25% for PCL and 0.10% for IBDR.
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