PCMM vs. IBDU
PCMM (BondBloxx Private Credit CLO ETF) and IBDU (iShares iBonds Dec 2029 Term Corporate ETF) are both exchange-traded funds - PCMM is a CLO fund actively managed by BondBloxx, while IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index. PCMM is actively managed, while IBDU is passively managed. Over the past year, PCMM returned 4.76% vs 4.22% for IBDU. At a 0.04 correlation, their price movements are largely independent. PCMM charges 0.68%/yr vs 0.10%/yr for IBDU.
Performance
PCMM vs. IBDU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCMM achieves a 2.10% return, which is significantly higher than IBDU's 0.63% return.
PCMM
- 1D
- 0.02%
- 1M
- 0.94%
- YTD
- 2.10%
- 6M
- 2.32%
- 1Y
- 4.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDU
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 0.63%
- 6M
- 0.86%
- 1Y
- 4.22%
- 3Y*
- 5.83%
- 5Y*
- 1.13%
- 10Y*
- —
PCMM vs. IBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PCMM BondBloxx Private Credit CLO ETF | 2.10% | 6.30% | 0.37% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.63% | 7.59% | -0.72% |
Correlation
The correlation between PCMM and IBDU is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | 0.04 |
The correlation between PCMM and IBDU shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCMM vs. IBDU — Risk / Return Rank
PCMM
IBDU
PCMM vs. IBDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Private Credit CLO ETF (PCMM) and iShares iBonds Dec 2029 Term Corporate ETF (IBDU). 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.
| PCMM | IBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.67 | -0.46 |
| Martin ratioReturn relative to average drawdown | 7.94 | 9.79 | -1.85 |
Loading charts...
Drawdowns
PCMM vs. IBDU - Drawdown Comparison
The maximum PCMM drawdown since its inception was -4.32%, smaller than the maximum IBDU drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for PCMM and IBDU.
Loading charts...
Drawdown Indicators
| PCMM | IBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.32% | -19.44% | +15.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -1.59% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.44% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -5.37% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.43% | +0.18% |
Volatility
PCMM vs. IBDU - Volatility Comparison
BondBloxx Private Credit CLO ETF (PCMM) has a higher volatility of 0.83% compared to iShares iBonds Dec 2029 Term Corporate ETF (IBDU) at 0.65%. This indicates that PCMM's price experiences larger fluctuations and is considered to be riskier than IBDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCMM | IBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.65% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 1.55% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 2.22% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 5.71% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 7.29% | -2.39% |
PCMM vs. IBDU - Expense Ratio Comparison
PCMM has a 0.68% expense ratio, which is higher than IBDU's 0.10% expense ratio.
Dividends
PCMM vs. IBDU - Dividend Comparison
PCMM's dividend yield for the trailing twelve months is around 6.56%, more than IBDU's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.66% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% |
PCMM BondBloxx Private Credit CLO ETF | 6.56% | 7.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCMM and IBDU have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCMM has higher volatility (0.83%) compared to IBDU (0.65%). In terms of maximum drawdown, PCMM dropped -4.32% vs IBDU's -19.44%.
On 1-year performance, PCMM leads with 4.76% vs 4.22% for IBDU. On fees, IBDU is cheaper at 0.10% per year. On volatility, IBDU has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PCMM has performed better with a 4.76% return vs 4.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDU is cheaper with a 0.10% expense ratio, compared with 0.68% for PCMM.
PCMM has the higher dividend yield at 6.56%, compared with 4.66% for IBDU.
PCMM is categorized as CLO, while IBDU is Corporate Bonds. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.68% for PCMM and 0.10% for IBDU.
IBDU currently has the higher Sharpe Ratio (1.92 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PCMM and IBDU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer