SKOR vs. PCL

Last updated Jun 26, 2026

SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. SKOR is passively managed, while PCL is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. SKOR charges 0.22%/yr vs 0.25%/yr for PCL.

Performance

SKOR vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) 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, SKOR achieves a 0.78% return, which is significantly lower than PCL's 2.77% return.

SKOR

• 1D: 0.11%
• 1M: 0.60%
• YTD: 0.78%
• 6M: 0.78%
• 1Y: 4.69%
• 3Y*: 6.03%
• 5Y*: 1.86%
• 10Y*: 2.84%

PCL

• 1D: 0.03%
• 1M: 1.83%
• YTD: 2.77%
• 6M: 2.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SKOR vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund	0.78%	3.24%
PCL PGIM Corporate Bond 10+ Year ETF	2.77%	2.51%

Correlation

The correlation between SKOR and PCL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.88

Return for Risk

SKOR vs. PCL — Risk / Return Rank

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

SKOR

SKOR Risk / Return Rank: 57
SKOR Sharpe Ratio Rank: 60
SKOR Sortino Ratio Rank: 65
SKOR Omega Ratio Rank: 59
SKOR Calmar Ratio Rank: 52
SKOR Martin Ratio Rank: 51

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.

SKOR vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) 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.

	SKOR	PCL	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.26	—	—
Martin ratio: Return relative to average drawdown	7.75	—	—

Drawdowns

SKOR vs. PCL - Drawdown Comparison

The maximum SKOR drawdown since its inception was -15.98%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for SKOR and PCL.

Drawdown Indicators

	SKOR	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-15.98%	-5.14%	-10.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.98%	—	—
Current Drawdown Current decline from peak	-0.34%	-0.22%	-0.12%
Average Drawdown Average peak-to-trough decline	-2.64%	-1.71%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	—	—

Volatility

Volatility by Period

	SKOR	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.71%	7.83%	-5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	7.83%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.90%	7.83%	-2.93%

SKOR vs. PCL - Expense Ratio Comparison

SKOR has a 0.22% 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

SKOR vs. PCL - Dividend Comparison

SKOR's dividend yield for the trailing twelve months is around 4.65%, less than PCL's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCL PGIM Corporate Bond 10+ Year ETF	5.24%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund	4.65%	4.70%	4.90%	3.90%	2.57%	2.55%	3.38%	3.53%	2.85%	2.46%	2.74%	2.25%

Frequently Asked Questions

Can I hold both SKOR and PCL in my portfolio?

SKOR and PCL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SKOR or PCL?

On fees, SKOR is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SKOR or PCL?

SKOR is cheaper with a 0.22% expense ratio, compared with 0.25% for PCL.

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

PCL has the higher dividend yield at 5.24%, compared with 4.65% for SKOR.

What is the main difference between SKOR and PCL?

They also come from different issuers: Northern Trust and PGIM. Their fees differ too: 0.22% for SKOR and 0.25% for PCL.