PCRB vs. VTG
PCRB (Putnam ESG Core Bond ETF -) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds. PCRB is actively managed, while VTG is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. PCRB charges 0.35%/yr vs 0.03%/yr for VTG.
Performance
PCRB vs. VTG - Performance Comparison
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Returns By Period
In the year-to-date period, PCRB achieves a -0.32% return, which is significantly lower than VTG's -0.11% return.
PCRB
- 1D
- -0.13%
- 1M
- -0.22%
- YTD
- -0.32%
- 6M
- -0.43%
- 1Y
- 4.53%
- 3Y*
- 4.09%
- 5Y*
- —
- 10Y*
- —
VTG
- 1D
- -0.17%
- 1M
- 0.11%
- YTD
- -0.11%
- 6M
- -0.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCRB vs. VTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCRB Putnam ESG Core Bond ETF - | -0.32% | 3.35% |
VTG Vanguard Total Treasury ETF | -0.11% | 2.88% |
Correlation
The correlation between PCRB and VTG 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 Jul 10, 2025 | 0.93 |
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Return for Risk
PCRB vs. VTG — Risk / Return Rank
PCRB
VTG
PCRB vs. VTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and Vanguard Total Treasury ETF (VTG). 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.
| PCRB | VTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | — | — |
| Martin ratioReturn relative to average drawdown | 4.90 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCRB | VTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.88 | -0.29 |
Drawdowns
PCRB vs. VTG - Drawdown Comparison
The maximum PCRB drawdown since its inception was -7.20%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for PCRB and VTG.
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Drawdown Indicators
| PCRB | VTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.20% | -2.89% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | — | — |
Current DrawdownCurrent decline from peak | -2.18% | -1.89% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -0.73% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | — | — |
Volatility
PCRB vs. VTG - Volatility Comparison
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Volatility by Period
| PCRB | VTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 3.51% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 3.51% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 3.51% | +2.12% |
PCRB vs. VTG - Expense Ratio Comparison
PCRB has a 0.35% expense ratio, which is higher than VTG's 0.03% expense ratio.
Dividends
PCRB vs. VTG - Dividend Comparison
PCRB's dividend yield for the trailing twelve months is around 9.79%, more than VTG's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | 9.79% | 4.30% | 4.38% | 3.65% |
VTG Vanguard Total Treasury ETF | 3.21% | 1.65% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, PCRB and VTG 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, VTG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTG is cheaper with a 0.03% expense ratio, compared with 0.35% for PCRB.
PCRB has the higher dividend yield at 9.79%, compared with 3.21% for VTG.
They also come from different issuers: Putnam and Vanguard. Their fees differ too: 0.35% for PCRB and 0.03% for VTG.
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