PCS vs. IGSB
PCS (PGIM Corporate Bond 0-5 Year ETF) and IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. PCS is actively managed, while IGSB is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. PCS charges 0.20%/yr vs 0.04%/yr for IGSB.
Performance
PCS vs. IGSB - Performance Comparison
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Returns By Period
In the year-to-date period, PCS achieves a 1.39% return, which is significantly higher than IGSB's 0.85% return.
PCS
- 1D
- -0.07%
- 1M
- 0.03%
- 6M
- 1.37%
- YTD
- 1.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGSB
- 1D
- -0.08%
- 1M
- -0.04%
- 6M
- 0.80%
- YTD
- 0.85%
- 1Y
- 4.01%
- 3Y*
- 5.76%
- 5Y*
- 2.44%
- 10Y*
- 2.71%
PCS vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 1.39% | 2.22% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.85% | 2.78% |
Correlation
The correlation between PCS and IGSB is 0.92, 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 Aug 1, 2025 | 0.92 |
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Return for Risk
PCS vs. IGSB — Risk / Return Rank
PCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGSB
PCS vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 0-5 Year ETF (PCS) and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB). 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 | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.72 | — |
| Martin ratioReturn relative to average drawdown | — | 10.93 | — |
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Drawdowns
PCS vs. IGSB - Drawdown Comparison
The maximum PCS drawdown since its inception was -1.12%, smaller than the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for PCS and IGSB.
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Drawdown Indicators
| PCS | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.12% | -13.38% | +12.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.38% | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.29% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.13% | -0.85% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.36% | — |
Volatility
PCS vs. IGSB - Volatility Comparison
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Volatility by Period
| PCS | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 1.95% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.59% | 2.94% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.59% | 3.47% | -1.88% |
PCS vs. IGSB - Expense Ratio Comparison
PCS has a 0.20% expense ratio, which is higher than IGSB's 0.04% 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
PCS vs. IGSB - Dividend Comparison
PCS's dividend yield for the trailing twelve months is around 4.38%, less than IGSB's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.60% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
PCS PGIM Corporate Bond 0-5 Year ETF | 4.38% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, PCS and IGSB 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, IGSB is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGSB is cheaper with a 0.04% expense ratio, compared with 0.20% for PCS.
IGSB has the higher dividend yield at 4.60%, compared with 4.38% for PCS.
They also come from different issuers: PGIM and iShares. Their fees differ too: 0.20% for PCS and 0.04% for IGSB.
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