PCL vs. LQDH
PCL (PGIM Corporate Bond 10+ Year ETF) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both Corporate Bonds funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
PCL vs. LQDH - Performance Comparison
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Returns By Period
In the year-to-date period, PCL achieves a 2.74% return, which is significantly higher than LQDH's 2.25% return.
PCL
- 1D
- 0.67%
- 1M
- 2.25%
- YTD
- 2.74%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDH
- 1D
- -0.20%
- 1M
- 0.14%
- YTD
- 2.25%
- 6M
- 2.30%
- 1Y
- 7.20%
- 3Y*
- 7.78%
- 5Y*
- 5.17%
- 10Y*
- 4.65%
PCL vs. LQDH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 2.74% | 2.51% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.25% | 3.41% |
Correlation
The correlation between PCL and LQDH is 0.48, 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 | 0.48 |
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Return for Risk
PCL vs. LQDH — Risk / Return Rank
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQDH
PCL vs. LQDH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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 | LQDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.54 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.08 | — |
| Martin ratioReturn relative to average drawdown | — | 13.12 | — |
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Drawdowns
PCL vs. LQDH - Drawdown Comparison
The maximum PCL drawdown since its inception was -5.14%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for PCL and LQDH.
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Drawdown Indicators
| PCL | LQDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -24.63% | +19.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.63% | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.31% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -1.67% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.55% | — |
Volatility
PCL vs. LQDH - Volatility Comparison
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Volatility by Period
| PCL | LQDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.85% | 2.68% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 4.41% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 6.43% | +1.42% |
PCL vs. LQDH - Expense Ratio Comparison
Both PCL and LQDH have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
PCL vs. LQDH - Dividend Comparison
PCL's dividend yield for the trailing twelve months is around 5.24%, less than LQDH's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.95% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
PCL PGIM Corporate Bond 10+ Year ETF | 5.24% | 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 LQDH have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PCL and LQDH have the same expense ratio: 0.25% per year.
LQDH has the higher dividend yield at 5.95%, compared with 5.24% for PCL.
They also come from different issuers: PGIM and iShares.
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