PCL vs. IG

Last updated Jun 24, 2026

PCL (PGIM Corporate Bond 10+ Year ETF) and IG (Principal Investment Grade Corporate Active ETF) are both Corporate Bonds funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. PCL charges 0.25%/yr vs 0.26%/yr for IG.

Performance

PCL vs. IG - Performance Comparison

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

Returns By Period

PCL

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

IG

• 1D: 0.15%
• 1M: 0.88%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCL vs. IG - Yearly Performance Comparison

	2026 (YTD)
PCL PGIM Corporate Bond 10+ Year ETF	0.83%
IG Principal Investment Grade Corporate Active ETF	0.12%

Correlation

The correlation between PCL and IG is 0.91, 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 Apr 22, 2026	0.91

Return for Risk

PCL vs. IG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and Principal Investment Grade Corporate Active ETF (IG). 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.

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

Drawdowns

PCL vs. IG - Drawdown Comparison

The maximum PCL drawdown since its inception was -5.14%, which is greater than IG's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for PCL and IG.

Drawdown Indicators

	PCL	IG	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-1.75%	-3.39%
Current Drawdown Current decline from peak	-0.91%	-0.29%	-0.62%
Average Drawdown Average peak-to-trough decline	-1.73%	-0.45%	-1.28%

Volatility

Volatility by Period

	PCL	IG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.83%	4.81%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.83%	4.81%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.83%	4.81%	+3.02%

PCL vs. IG - Expense Ratio Comparison

PCL has a 0.25% expense ratio, which is lower than IG's 0.26% expense ratio. Despite the difference, 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. IG - Dividend Comparison

PCL's dividend yield for the trailing twelve months is around 5.27%, more than IG's 0.84% yield.

Position	TTM	2025
IG Principal Investment Grade Corporate Active ETF	0.84%	0.00%
PCL PGIM Corporate Bond 10+ Year ETF	5.27%	2.52%

Frequently Asked Questions

Can I hold both PCL and IG in my portfolio?

With a correlation of 0.91, PCL and IG 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 IG?

On fees, PCL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCL or IG?

PCL is cheaper with a 0.25% expense ratio, compared with 0.26% for IG.

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

PCL has the higher dividend yield at 5.27%, compared with 0.84% for IG.

What is the main difference between PCL and IG?

They also come from different issuers: PGIM and Principal. Their fees differ too: 0.25% for PCL and 0.26% for IG.