PCS vs. VCSH
PCS (PGIM Corporate Bond 0-5 Year ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both Corporate Bonds funds. PCS is actively managed, while VCSH is passively managed. Over the past year, PCS returned 3.68% vs 3.07% for VCSH. Their correlation of 0.92 means they have usually moved in the same direction. PCS charges 0.20%/yr vs 0.04%/yr for VCSH.
Performance
PCS vs. VCSH - Performance Comparison
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Returns By Period
In the year-to-date period, PCS achieves a 1.43% return, which is significantly higher than VCSH's 0.79% return.
PCS
- 1D
- -0.04%
- 1M
- -0.20%
- 6M
- 1.06%
- YTD
- 1.43%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VCSH
- 1D
- -0.06%
- 1M
- -0.22%
- 6M
- 0.39%
- YTD
- 0.79%
- 1Y
- 3.07%
- 3Y*
- 5.46%
- 5Y*
- 2.30%
- 10Y*
- 2.64%
- ALL TIME*
- 2.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.09K | $30.68K | $31.15K | |
| $304.83M | $291.45M | $343.43M |
PCS vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCS PGIM Corporate Bond 0-5 Year ETF | 1.43% | 2.22% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.79% | 2.82% |
Correlation
The correlation between PCS and VCSH is 0.92, 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 | 0.92 |
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Return for Risk
PCS vs. VCSH — Risk / Return Rank
PCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCSH
PCS vs. VCSH - 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 Short-Term Corporate Bond ETF (VCSH). 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 | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.61 | — |
| Martin ratioReturn relative to average drawdown | — | 10.26 | — |
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Drawdowns
PCS vs. VCSH - Drawdown Comparison
The maximum PCS drawdown since its inception was -1.12%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for PCS and VCSH.
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Drawdown Indicators
| PCS | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.12% | -12.86% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -1.40% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.29% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -0.96% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.36% | — |
Volatility
PCS vs. VCSH - Volatility Comparison
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Volatility by Period
| PCS | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 1.94% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 2.90% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 3.35% | -1.77% |
PCS vs. VCSH - Expense Ratio Comparison
PCS has a 0.20% expense ratio, which is higher than VCSH'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. VCSH - Dividend Comparison
PCS's dividend yield for the trailing twelve months is around 4.78%, more than VCSH's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.08% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
With a correlation of 0.92, PCS and VCSH 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 1-year performance, PCS leads with 3.68% vs 3.07% for VCSH. On fees, VCSH is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PCS has performed better with a 3.68% return vs 3.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.20% for PCS.
PCS has the higher dividend yield at 4.78%, compared with 4.08% for VCSH.
They also come from different issuers: PGIM and Vanguard. Their fees differ too: 0.20% for PCS and 0.04% for VCSH.
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