UCRD vs. PCL

Last updated Jun 26, 2026

UCRD (VictoryShares ESG Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. UCRD charges 0.40%/yr vs 0.25%/yr for PCL.

Performance

UCRD vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares ESG Corporate Bond ETF (UCRD) 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, UCRD achieves a 1.26% return, which is significantly lower than PCL's 2.77% return.

UCRD

• 1D: 0.05%
• 1M: 0.96%
• YTD: 1.26%
• 6M: 1.07%
• 1Y: 5.38%
• 3Y*: 5.77%
• 5Y*: —
• 10Y*: —

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)

UCRD vs. PCL - Yearly Performance Comparison

	2026 (YTD)	2025
UCRD VictoryShares ESG Corporate Bond ETF	1.26%	3.39%
PCL PGIM Corporate Bond 10+ Year ETF	2.77%	2.51%

Correlation

The correlation between UCRD and PCL is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.95

Return for Risk

UCRD vs. PCL — Risk / Return Rank

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

UCRD

UCRD Risk / Return Rank: 39
UCRD Sharpe Ratio Rank: 39
UCRD Sortino Ratio Rank: 39
UCRD Omega Ratio Rank: 36
UCRD Calmar Ratio Rank: 41
UCRD Martin Ratio Rank: 39

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.

UCRD vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares ESG Corporate Bond ETF (UCRD) 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.

	UCRD	PCL	Difference
Sharpe ratio: Return per unit of total volatility	1.26	—	—
Sortino ratio: Return per unit of downside risk	1.86	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.87	—	—
Martin ratio: Return relative to average drawdown	5.62	—	—

Drawdowns

UCRD vs. PCL - Drawdown Comparison

The maximum UCRD drawdown since its inception was -22.37%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for UCRD and PCL.

Drawdown Indicators

	UCRD	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-5.14%	-17.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.54%	—	—
Current Drawdown Current decline from peak	-0.39%	-0.22%	-0.17%
Average Drawdown Average peak-to-trough decline	-8.31%	-1.71%	-6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	—	—

Volatility

Volatility by Period

	UCRD	PCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.29%	7.83%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.52%	7.83%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.52%	7.83%	-0.31%

UCRD vs. PCL - Expense Ratio Comparison

UCRD has a 0.40% expense ratio, which is higher than PCL's 0.25% expense ratio.

Dividends

UCRD vs. PCL - Dividend Comparison

UCRD's dividend yield for the trailing twelve months is around 4.19%, less than PCL's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021
PCL PGIM Corporate Bond 10+ Year ETF	5.24%	2.52%	0.00%	0.00%	0.00%	0.00%
UCRD VictoryShares ESG Corporate Bond ETF	4.19%	4.05%	4.00%	3.56%	2.72%	0.54%

Frequently Asked Questions

Can I hold both UCRD and PCL in my portfolio?

With a correlation of 0.95, UCRD and PCL 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.

Which ETF is better, UCRD or PCL?

On fees, PCL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UCRD or PCL?

PCL is cheaper with a 0.25% expense ratio, compared with 0.40% for UCRD.

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

PCL has the higher dividend yield at 5.24%, compared with 4.19% for UCRD.

What is the main difference between UCRD and PCL?

They also come from different issuers: Victory and PGIM. Their fees differ too: 0.40% for UCRD and 0.25% for PCL.