PCS vs. SCHJ

Last updated Aug 1, 2026

PCS (PGIM Corporate Bond 0-5 Year ETF) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both exchange-traded funds - PCS is a Corporate Bonds fund actively managed by PGIM, while SCHJ is a Short-Term Bond fund tracking the Bloomberg US 1-5 Year Corporate Bond Index. PCS is actively managed, while SCHJ is passively managed. Over the past year, PCS returned 3.68% vs 2.99% for SCHJ. Their correlation of 0.91 means they have usually moved in the same direction. PCS charges 0.20%/yr vs 0.03%/yr for SCHJ.

Performance

PCS vs. SCHJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Corporate Bond 0-5 Year ETF (PCS) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCS achieves a 1.43% return, which is significantly higher than SCHJ's 0.75% return.

PCS

• 1D: -0.04%
• 1M: -0.20%
• 6M: 1.06%
• YTD: 1.43%
• 1Y: 3.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SCHJ

• 1D: -0.06%
• 1M: -0.28%
• 6M: 0.42%
• YTD: 0.75%
• 1Y: 2.99%
• 3Y*: 5.46%
• 5Y*: 2.31%
• 10Y*: —
• ALL TIME*: 2.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PCS PGIM Corporate Bond 0-5 Year ETF	$33.09K	$30.68K	$31.15K
SCHJ Schwab 1-5 Year Corporate Bond ETF	$5.98M	$7.81M	$6.46M

PCS vs. SCHJ - Yearly Performance Comparison

	2026 (YTD)	2025
PCS PGIM Corporate Bond 0-5 Year ETF	1.43%	2.22%
SCHJ Schwab 1-5 Year Corporate Bond ETF	0.75%	2.81%

Correlation

The correlation between PCS and SCHJ is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.91

Return for Risk

PCS vs. SCHJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHJ

SCHJ Risk / Return Rank: 79
SCHJ Sharpe Ratio Rank: 81
SCHJ Sortino Ratio Rank: 85
SCHJ Omega Ratio Rank: 83
SCHJ Calmar Ratio Rank: 70
SCHJ Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCS vs. SCHJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 0-5 Year ETF (PCS) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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	SCHJ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.86	—
Sortino ratio: Return per unit of downside risk	—	2.80	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	9.17	—

Drawdowns

PCS vs. SCHJ - Drawdown Comparison

The maximum PCS drawdown since its inception was -1.12%, smaller than the maximum SCHJ drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for PCS and SCHJ.

Drawdown Indicators

	PCS	SCHJ	Difference
Max Drawdown Largest peak-to-trough decline	-1.12%	-13.62%	+12.50%
Max Drawdown (1Y) Largest decline over 1 year	-1.12%	-1.47%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.43%	—
Current Drawdown Current decline from peak	-0.20%	-0.33%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.14%	-1.85%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.39%	—

Volatility

Volatility by Period

	PCS	SCHJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.58%	1.93%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	2.95%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	4.10%	-2.52%

PCS vs. SCHJ - Expense Ratio Comparison

PCS has a 0.20% expense ratio, which is higher than SCHJ's 0.03% 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. SCHJ - Dividend Comparison

PCS's dividend yield for the trailing twelve months is around 4.78%, more than SCHJ's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PCS PGIM Corporate Bond 0-5 Year ETF	4.78%	1.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHJ Schwab 1-5 Year Corporate Bond ETF	4.09%	4.42%	4.00%	2.98%	1.64%	0.94%	2.54%	0.42%

Frequently Asked Questions

Can I hold both PCS and SCHJ in my portfolio?

With a correlation of 0.91, PCS and SCHJ 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.

Which ETF is better, PCS or SCHJ?

On 1-year performance, PCS leads with 3.68% vs 2.99% for SCHJ. On fees, SCHJ is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCS or SCHJ?

Over the 1-year period, PCS has performed better with a 3.68% return vs 2.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCS or SCHJ?

SCHJ is cheaper with a 0.03% expense ratio, compared with 0.20% for PCS.

Which ETF pays a higher dividend yield, PCS or SCHJ?

PCS has the higher dividend yield at 4.78%, compared with 4.09% for SCHJ.

What is the main difference between PCS and SCHJ?

PCS is categorized as Corporate Bonds, while SCHJ is Short-Term Bond. They also come from different issuers: PGIM and Charles Schwab. Their fees differ too: 0.20% for PCS and 0.03% for SCHJ.