PCL vs. VCLT
PCL (PGIM Corporate Bond 10+ Year ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds. PCL is actively managed, while VCLT is passively managed. With a 0.98 correlation, they move nearly in lockstep. PCL charges 0.25%/yr vs 0.03%/yr for VCLT.
Performance
PCL vs. VCLT - Performance Comparison
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Returns By Period
In the year-to-date period, PCL achieves a 2.06% return, which is significantly higher than VCLT's 1.50% return.
PCL
- 1D
- 0.18%
- 1M
- 1.57%
- YTD
- 2.06%
- 6M
- 1.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCLT
- 1D
- 0.23%
- 1M
- 1.54%
- YTD
- 1.50%
- 6M
- 1.27%
- 1Y
- 6.41%
- 3Y*
- 4.16%
- 5Y*
- -2.17%
- 10Y*
- 2.26%
PCL vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 2.06% | 2.51% |
VCLT Vanguard Long-Term Corporate Bond ETF | 1.50% | 3.42% |
Correlation
The correlation between PCL and VCLT is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.99 |
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Return for Risk
PCL vs. VCLT — Risk / Return Rank
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCLT
PCL vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 10+ Year ETF (PCL) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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 | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.23 | — |
| Martin ratioReturn relative to average drawdown | — | 2.96 | — |
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Drawdowns
PCL vs. VCLT - Drawdown Comparison
The maximum PCL drawdown since its inception was -5.14%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for PCL and VCLT.
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Drawdown Indicators
| PCL | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -34.31% | +29.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -0.91% | -13.92% | +13.01% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -8.17% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.17% | — |
Volatility
PCL vs. VCLT - Volatility Comparison
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Volatility by Period
| PCL | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 7.83% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 12.76% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 12.85% | -5.02% |
PCL vs. VCLT - Expense Ratio Comparison
PCL has a 0.25% expense ratio, which is higher than VCLT's 0.03% 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. VCLT - Dividend Comparison
PCL's dividend yield for the trailing twelve months is around 5.27%, less than VCLT's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.52% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
With a correlation of 0.98, PCL and VCLT 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.
On fees, VCLT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.25% for PCL.
VCLT has the higher dividend yield at 5.52%, compared with 5.27% for PCL.
They also come from different issuers: PGIM and Vanguard. Their fees differ too: 0.25% for PCL and 0.03% for VCLT.
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