SCHJ vs. PCL

Last updated Jun 23, 2026

SCHJ (Schwab 1-5 Year Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. SCHJ is passively managed, while PCL is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. SCHJ charges 0.05%/yr vs 0.25%/yr for PCL.

Performance

SCHJ vs. PCL - Performance Comparison

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

Returns By Period

In the year-to-date period, SCHJ achieves a 0.56% return, which is significantly lower than PCL's 2.29% return.

SCHJ

• 1D: -0.16%
• 1M: 0.17%
• YTD: 0.56%
• 6M: 0.76%
• 1Y: 4.18%
• 3Y*: 5.55%
• 5Y*: 2.34%
• 10Y*: —

PCL

• 1D: 0.25%
• 1M: 1.80%
• YTD: 2.29%
• 6M: 2.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHJ vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
SCHJ Schwab 1-5 Year Corporate Bond ETF	0.56%	2.81%
PCL PGIM Corporate Bond 10+ Year ETF	2.29%	2.51%

Correlation

The correlation between SCHJ and PCL is 0.74, 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 1, 2025	0.74

Return for Risk

SCHJ vs. PCL — Risk / Return Rank

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

SCHJ

SCHJ Risk / Return Rank: 69
SCHJ Sharpe Ratio Rank: 70
SCHJ Sortino Ratio Rank: 79
SCHJ Omega Ratio Rank: 76
SCHJ Calmar Ratio Rank: 59
SCHJ Martin Ratio Rank: 63

PCL

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.

SCHJ vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and PGIM Corporate Bond 10+ Year ETF (PCL). 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.

	SCHJ	PCL	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	3.36	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.85	—	—
Martin ratio: Return relative to average drawdown	11.02	—	—

Drawdowns

SCHJ vs. PCL - Drawdown Comparison

The maximum SCHJ drawdown since its inception was -13.62%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for SCHJ and PCL.

Drawdown Indicators

	SCHJ	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-13.62%	-5.14%	-8.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.47%	—	—
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	-0.45%	-0.68%	+0.23%
Average Drawdown Average peak-to-trough decline	-1.87%	-1.73%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	—	—

Volatility

Volatility by Period

	SCHJ	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.92%	7.85%	-5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	7.85%	-4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.12%	7.85%	-3.73%

SCHJ vs. PCL - Expense Ratio Comparison

SCHJ has a 0.05% expense ratio, which is lower than PCL'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

SCHJ vs. PCL - Dividend Comparison

SCHJ's dividend yield for the trailing twelve months is around 4.50%, less than PCL's 5.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PCL PGIM Corporate Bond 10+ Year ETF	5.26%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHJ Schwab 1-5 Year Corporate Bond ETF	4.50%	4.42%	4.00%	2.98%	1.64%	0.94%	2.54%	0.42%

Frequently Asked Questions

Can I hold both SCHJ and PCL in my portfolio?

SCHJ and PCL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCHJ or PCL?

On fees, SCHJ is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCHJ or PCL?

SCHJ is cheaper with a 0.05% expense ratio, compared with 0.25% for PCL.

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

PCL has the higher dividend yield at 5.26%, compared with 4.50% for SCHJ.

What is the main difference between SCHJ and PCL?

They also come from different issuers: Charles Schwab and PGIM. Their fees differ too: 0.05% for SCHJ and 0.25% for PCL.