PCL vs. IGHG
PCL (PGIM Corporate Bond 10+ Year ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds. PCL is actively managed, while IGHG is passively managed. At a 0.21 correlation, their price movements are largely independent. PCL charges 0.25%/yr vs 0.30%/yr for IGHG.
Performance
PCL vs. IGHG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PCL having a 2.06% return and IGHG slightly higher at 2.12%.
PCL
- 1D
- 0.18%
- 1M
- 1.57%
- YTD
- 2.06%
- 6M
- 1.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 2.12%
- 6M
- 1.98%
- 1Y
- 5.86%
- 3Y*
- 8.33%
- 5Y*
- 5.15%
- 10Y*
- 4.84%
PCL vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 2.06% | 2.51% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.12% | 2.38% |
Correlation
The correlation between PCL and IGHG is 0.21, 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 | 0.21 |
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Return for Risk
PCL vs. IGHG — Risk / Return Rank
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGHG
PCL vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and ProShares Investment Grade-Interest Rate Hedged (IGHG). 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 | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.36 | — |
| Martin ratioReturn relative to average drawdown | — | 11.87 | — |
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Drawdowns
PCL vs. IGHG - Drawdown Comparison
The maximum PCL drawdown since its inception was -5.14%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for PCL and IGHG.
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Drawdown Indicators
| PCL | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -25.16% | +20.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.21% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -2.29% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.50% | — |
Volatility
PCL vs. IGHG - Volatility Comparison
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Volatility by Period
| PCL | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 3.40% | +4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 5.02% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 7.45% | +0.38% |
PCL vs. IGHG - Expense Ratio Comparison
PCL has a 0.25% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
PCL vs. IGHG - Dividend Comparison
PCL's dividend yield for the trailing twelve months is around 5.27%, more than IGHG's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.12% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
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 IGHG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PCL is cheaper with a 0.25% expense ratio, compared with 0.30% for IGHG.
PCL has the higher dividend yield at 5.27%, compared with 5.12% for IGHG.
They also come from different issuers: PGIM and ProShares. Their fees differ too: 0.25% for PCL and 0.30% for IGHG.
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