PCL vs. PCI

Last updated Jul 17, 2026

PCL (PGIM Corporate Bond 10+ Year ETF) and PCI (PGIM Corporate Bond 5-10 Year ETF) are both Corporate Bonds funds from PGIM. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

PCL vs. PCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Corporate Bond 10+ Year ETF (PCL) and PGIM Corporate Bond 5-10 Year ETF (PCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCL achieves a -0.03% return, which is significantly lower than PCI's 0.64% return.

PCL

• 1D: -0.08%
• 1M: -2.11%
• 6M: -1.22%
• YTD: -0.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCI

• 1D: -0.04%
• 1M: -0.53%
• 6M: 0.42%
• YTD: 0.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCL vs. PCI - Yearly Performance Comparison

	2026 (YTD)	2025
PCL PGIM Corporate Bond 10+ Year ETF	-0.03%	2.51%
PCI PGIM Corporate Bond 5-10 Year ETF	0.64%	2.96%

Correlation

The correlation between PCL and PCI is 0.93, 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	0.93

Return for Risk

PCL vs. PCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and PGIM Corporate Bond 5-10 Year ETF (PCI). 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. PCI - Drawdown Comparison

The maximum PCL drawdown since its inception was -5.14%, which is greater than PCI's maximum drawdown of -3.04%. Use the drawdown chart below to compare losses from any high point for PCL and PCI.

Drawdown Indicators

	PCL	PCI	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-3.04%	-2.10%
Current Drawdown Current decline from peak	-2.97%	-1.01%	-1.96%
Average Drawdown Average peak-to-trough decline	-1.73%	-0.61%	-1.12%

Volatility

Volatility by Period

	PCL	PCI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.82%	4.16%	+3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.82%	4.16%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.82%	4.16%	+3.66%

PCL vs. PCI - Expense Ratio Comparison

Both PCL and PCI 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. PCI - Dividend Comparison

PCL's dividend yield for the trailing twelve months is around 5.87%, more than PCI's 5.01% yield.

Position	TTM	2025
PCI PGIM Corporate Bond 5-10 Year ETF	5.01%	2.18%
PCL PGIM Corporate Bond 10+ Year ETF	5.87%	2.52%

Frequently Asked Questions

Can I hold both PCL and PCI in my portfolio?

With a correlation of 0.93, PCL and PCI 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 PCI?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCL or PCI?

PCL and PCI have the same expense ratio: 0.25% per year.

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

PCL has the higher dividend yield at 5.87%, compared with 5.01% for PCI.