PCRB vs. IBCA
PCRB (Putnam ESG Core Bond ETF -) and IBCA (iShares iBonds Dec 2035 Term Corporate ETF) are both Intermediate Core Bond funds. PCRB is actively managed, while IBCA is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. PCRB charges 0.35%/yr vs 0.10%/yr for IBCA.
Performance
PCRB vs. IBCA - Performance Comparison
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Returns By Period
PCRB
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCA
- 1D
- 0.24%
- 1M
- -0.69%
- 6M
- -0.57%
- YTD
- -0.26%
- 1Y
- 4.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCRB vs. IBCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCRB Putnam ESG Core Bond ETF - | -0.48% | 4.76% |
IBCA iShares iBonds Dec 2035 Term Corporate ETF | -0.26% | 7.16% |
Correlation
The correlation between PCRB and IBCA is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.84 |
The correlation between PCRB and IBCA has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
PCRB vs. IBCA — Risk / Return Rank
PCRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBCA
PCRB vs. IBCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and iShares iBonds Dec 2035 Term Corporate ETF (IBCA). 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.
| PCRB | IBCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.48 | — |
| Martin ratioReturn relative to average drawdown | — | 4.42 | — |
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Drawdowns
PCRB vs. IBCA - Drawdown Comparison
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Drawdown Indicators
| PCRB | IBCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -3.48% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.19% | — |
Current DrawdownCurrent decline from peak | — | -1.87% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.85% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.07% | — |
Volatility
PCRB vs. IBCA - Volatility Comparison
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Volatility by Period
| PCRB | IBCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 4.88% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.69% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.69% | — |
PCRB vs. IBCA - Expense Ratio Comparison
PCRB has a 0.35% expense ratio, which is higher than IBCA's 0.10% expense ratio.
Dividends
PCRB vs. IBCA - Dividend Comparison
PCRB has not paid dividends to shareholders, while IBCA's dividend yield for the trailing twelve months is around 4.73%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBCA iShares iBonds Dec 2035 Term Corporate ETF | 4.73% | 3.19% | 0.00% | 0.00% |
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
Frequently Asked Questions
PCRB and IBCA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCA is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCA is cheaper with a 0.10% expense ratio, compared with 0.35% for PCRB.
PCRB has the higher dividend yield at 9.42%, compared with 4.73% for IBCA.
They also come from different issuers: Putnam and iShares. Their fees differ too: 0.35% for PCRB and 0.10% for IBCA.
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