PCS vs. PHYL
PCS (PGIM Corporate Bond 0-5 Year ETF) and PHYL (PGIM Active High Yield Bond ETF) are both exchange-traded funds - PCS is a Corporate Bonds fund actively managed by PGIM, while PHYL is a High Yield Bonds fund actively managed by PGIM. Both are actively managed. Over the past year, PCS returned 3.68% vs 4.95% for PHYL. Their 0.68 correlation means they have sometimes moved together and sometimes differently. PCS charges 0.20%/yr vs 0.53%/yr for PHYL.
Performance
PCS vs. PHYL - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with PCS at 1.43% and PHYL at 1.43%.
PCS
- 1D
- -0.04%
- 1M
- -0.20%
- 6M
- 1.06%
- YTD
- 1.43%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PHYL
- 1D
- -0.06%
- 1M
- -0.59%
- 6M
- 0.81%
- YTD
- 1.43%
- 1Y
- 4.95%
- 3Y*
- 8.48%
- 5Y*
- 3.85%
- 10Y*
- —
- ALL TIME*
- 5.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.09K | $30.68K | $31.15K | |
| $11.83M | $9.14M | $6.26M |
PCS vs. PHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 1.43% | 2.22% |
PHYL PGIM Active High Yield Bond ETF | 1.43% | 3.48% |
Correlation
The correlation between PCS and PHYL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.68 |
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Return for Risk
PCS vs. PHYL — Risk / Return Rank
PCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PHYL
PCS vs. PHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 0-5 Year ETF (PCS) and PGIM Active High Yield Bond ETF (PHYL). 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 | PHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.86 | — |
| Martin ratioReturn relative to average drawdown | — | 8.21 | — |
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Drawdowns
PCS vs. PHYL - Drawdown Comparison
The maximum PCS drawdown since its inception was -1.12%, smaller than the maximum PHYL drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for PCS and PHYL.
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Drawdown Indicators
| PCS | PHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.12% | -22.07% | +20.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -2.68% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.74% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -3.01% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.61% | — |
Volatility
PCS vs. PHYL - Volatility Comparison
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Volatility by Period
| PCS | PHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 3.38% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 5.70% | -4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 7.59% | -6.01% |
PCS vs. PHYL - Expense Ratio Comparison
PCS has a 0.20% expense ratio, which is lower than PHYL's 0.53% expense ratio.
Dividends
PCS vs. PHYL - Dividend Comparison
PCS's dividend yield for the trailing twelve months is around 4.78%, less than PHYL's 7.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 4.78% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHYL PGIM Active High Yield Bond ETF | 7.01% | 7.05% | 8.28% | 7.62% | 6.55% | 6.13% | 7.51% | 7.31% | 1.79% |
Frequently Asked Questions
PCS and PHYL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, PHYL leads with 4.95% vs 3.68% for PCS. On fees, PCS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PHYL has performed better with a 4.95% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PCS is cheaper with a 0.20% expense ratio, compared with 0.53% for PHYL.
PHYL has the higher dividend yield at 7.01%, compared with 4.78% for PCS.
PCS is categorized as Corporate Bonds, while PHYL is High Yield Bonds. Their fees differ too: 0.20% for PCS and 0.53% for PHYL.
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