PCS vs. FLDB
PCS (PGIM Corporate Bond 0-5 Year ETF) and FLDB (Fidelity Low Duration Bond ETF) are both exchange-traded funds - PCS is a Corporate Bonds fund actively managed by PGIM, while FLDB is a Short-Term Bond fund actively managed by Fidelity. Both are actively managed. Over the past year, PCS returned 3.68% vs 3.89% for FLDB. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 0.20% expense ratio.
Performance
PCS vs. FLDB - Performance Comparison
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Returns By Period
In the year-to-date period, PCS achieves a 1.43% return, which is significantly lower than FLDB's 2.03% return.
PCS
- 1D
- -0.04%
- 1M
- -0.20%
- 6M
- 1.06%
- YTD
- 1.43%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FLDB
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.69%
- YTD
- 2.03%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $680.88K | $463.84K | $381.43K | |
| $33.09K | $30.68K | $31.15K |
PCS vs. FLDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 1.43% | 2.22% |
FLDB Fidelity Low Duration Bond ETF | 2.03% | 1.98% |
Correlation
The correlation between PCS and FLDB is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.42 |
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Return for Risk
PCS vs. FLDB — Risk / Return Rank
PCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLDB
PCS vs. FLDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 0-5 Year ETF (PCS) and Fidelity Low Duration Bond ETF (FLDB). 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.
| PCS | FLDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 24.24 | — |
| Martin ratioReturn relative to average drawdown | — | 88.79 | — |
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Drawdowns
PCS vs. FLDB - Drawdown Comparison
The maximum PCS drawdown since its inception was -1.12%, which is greater than FLDB's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for PCS and FLDB.
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Drawdown Indicators
| PCS | FLDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.12% | -0.49% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.17% | -0.95% |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -0.05% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.05% | — |
Volatility
PCS vs. FLDB - Volatility Comparison
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Volatility by Period
| PCS | FLDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 0.91% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 1.29% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 1.29% | +0.29% |
PCS vs. FLDB - Expense Ratio Comparison
Both PCS and FLDB have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
PCS vs. FLDB - Dividend Comparison
PCS's dividend yield for the trailing twelve months is around 4.78%, more than FLDB's 4.37% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLDB Fidelity Low Duration Bond ETF | 4.37% | 4.72% | 3.58% |
PCS PGIM Corporate Bond 0-5 Year ETF | 4.78% | 1.92% | 0.00% |
Frequently Asked Questions
PCS and FLDB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, FLDB leads with 3.89% vs 3.68% for PCS. Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLDB has performed better with a 3.89% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PCS and FLDB have the same expense ratio: 0.20% per year.
PCS has the higher dividend yield at 4.78%, compared with 4.37% for FLDB.
PCS is categorized as Corporate Bonds, while FLDB is Short-Term Bond. They also come from different issuers: PGIM and Fidelity.
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