PUSH vs. PCI

Last updated Jul 15, 2026

PUSH (PGIM Ultra Short Municipal Bond ETF) and PCI (PGIM Corporate Bond 5-10 Year ETF) are both exchange-traded funds - PUSH is a Municipal Bonds fund actively managed by PGIM, while PCI is a Corporate Bonds fund actively managed by PGIM. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. PUSH charges 0.15%/yr vs 0.25%/yr for PCI.

Performance

PUSH vs. PCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Ultra Short Municipal Bond ETF (PUSH) and PGIM Corporate Bond 5-10 Year ETF (PCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PUSH achieves a 1.66% return, which is significantly higher than PCI's 0.13% return.

PUSH

• 1D: 0.06%
• 1M: 0.35%
• 6M: 1.45%
• YTD: 1.66%
• 1Y: 3.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCI

• 1D: -0.41%
• 1M: -0.77%
• 6M: 0.09%
• YTD: 0.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PUSH vs. PCI - Yearly Performance Comparison

	2026 (YTD)	2025
PUSH PGIM Ultra Short Municipal Bond ETF	1.66%	1.71%
PCI PGIM Corporate Bond 5-10 Year ETF	0.13%	2.96%

Correlation

The correlation between PUSH and PCI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.25

Return for Risk

PUSH vs. PCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUSH

PUSH Risk / Return Rank: 93
PUSH Sharpe Ratio Rank: 88
PUSH Sortino Ratio Rank: 91
PUSH Omega Ratio Rank: 96
PUSH Calmar Ratio Rank: 96
PUSH Martin Ratio Rank: 92

PCI

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PUSH vs. PCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Municipal Bond ETF (PUSH) and PGIM Corporate Bond 5-10 Year ETF (PCI). 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.

	PUSH	PCI	Difference
Sharpe ratio: Return per unit of total volatility	2.29	—	—
Sortino ratio: Return per unit of downside risk	3.45	—	—
Omega ratio: Gain probability vs. loss probability	1.62	—	—
Calmar ratio: Return relative to maximum drawdown	6.97	—	—
Martin ratio: Return relative to average drawdown	17.28	—	—

Drawdowns

PUSH vs. PCI - Drawdown Comparison

The maximum PUSH drawdown since its inception was -0.85%, smaller than the maximum PCI drawdown of -3.04%. Use the drawdown chart below to compare losses from any high point for PUSH and PCI.

Drawdown Indicators

	PUSH	PCI	Difference
Max Drawdown Largest peak-to-trough decline	-0.85%	-3.04%	+2.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.50%	—	—
Current Drawdown Current decline from peak	-0.00%	-1.51%	+1.51%
Average Drawdown Average peak-to-trough decline	-0.10%	-0.60%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	PUSH	PCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.52%	4.17%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.28%	4.17%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.28%	4.17%	-2.89%

PUSH vs. PCI - Expense Ratio Comparison

PUSH has a 0.15% expense ratio, which is lower than PCI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PUSH vs. PCI - Dividend Comparison

PUSH's dividend yield for the trailing twelve months is around 3.21%, less than PCI's 5.03% yield.

Position	TTM	2025	2024
PCI PGIM Corporate Bond 5-10 Year ETF	5.03%	2.18%	0.00%
PUSH PGIM Ultra Short Municipal Bond ETF	3.21%	3.45%	1.86%

Frequently Asked Questions

Can I hold both PUSH and PCI in my portfolio?

PUSH and PCI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PUSH or PCI?

On fees, PUSH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PUSH or PCI?

PUSH is cheaper with a 0.15% expense ratio, compared with 0.25% for PCI.

Which ETF pays a higher dividend yield, PUSH or PCI?

PCI has the higher dividend yield at 5.03%, compared with 3.21% for PUSH.

What is the main difference between PUSH and PCI?

PUSH is categorized as Municipal Bonds, while PCI is Corporate Bonds. Their fees differ too: 0.15% for PUSH and 0.25% for PCI.