PCS vs. VCLT
PCS (PGIM Corporate Bond 0-5 Year ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds. PCS is actively managed, while VCLT is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. PCS charges 0.20%/yr vs 0.04%/yr for VCLT.
Performance
PCS vs. VCLT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PCS having a 1.25% return and VCLT slightly higher at 1.27%.
PCS
- 1D
- 0.09%
- 1M
- 0.24%
- YTD
- 1.25%
- 6M
- 1.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCLT
- 1D
- 0.28%
- 1M
- 1.13%
- YTD
- 1.27%
- 6M
- 0.48%
- 1Y
- 6.83%
- 3Y*
- 4.56%
- 5Y*
- -1.73%
- 10Y*
- 2.37%
PCS vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 1.25% | 2.22% |
VCLT Vanguard Long-Term Corporate Bond ETF | 1.27% | 2.43% |
Correlation
The correlation between PCS and VCLT is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.76 |
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Return for Risk
PCS vs. VCLT — Risk / Return Rank
PCS
VCLT
PCS vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Corporate Bond 0-5 Year ETF (PCS) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PCS | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.87 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.64 | 0.40 | +2.25 |
Drawdowns
PCS vs. VCLT - Drawdown Comparison
The maximum PCS drawdown since its inception was -1.12%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for PCS and VCLT.
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Drawdown Indicators
| PCS | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.12% | -34.31% | +33.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -0.04% | -14.12% | +14.08% |
Average DrawdownAverage peak-to-trough decline | -0.13% | -8.16% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.13% | — |
Volatility
PCS vs. VCLT - Volatility Comparison
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Volatility by Period
| PCS | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 7.93% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.59% | 12.77% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.59% | 12.84% | -11.25% |
PCS vs. VCLT - Expense Ratio Comparison
PCS has a 0.20% expense ratio, which is higher than VCLT'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. VCLT - Dividend Comparison
PCS's dividend yield for the trailing twelve months is around 4.01%, less than VCLT's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 4.01% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.53% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
PCS and VCLT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCLT is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCLT is cheaper with a 0.04% expense ratio, compared with 0.20% for PCS.
VCLT has the higher dividend yield at 5.53%, compared with 4.01% for PCS.
They also come from different issuers: PGIM and Vanguard. Their fees differ too: 0.20% for PCS and 0.04% for VCLT.
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