USIG vs. PCL
USIG (iShares Broad USD Investment Grade Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. USIG is passively managed, while PCL is actively managed. With a 0.96 correlation, they move nearly in lockstep. USIG charges 0.04%/yr vs 0.25%/yr for PCL.
Performance
USIG vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, USIG achieves a 0.91% return, which is significantly lower than PCL's 2.29% return.
USIG
- 1D
- 0.25%
- 1M
- 0.98%
- YTD
- 0.91%
- 6M
- 1.01%
- 1Y
- 5.50%
- 3Y*
- 5.52%
- 5Y*
- 0.53%
- 10Y*
- 2.63%
PCL
- 1D
- 0.25%
- 1M
- 2.27%
- YTD
- 2.29%
- 6M
- 2.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.91% | 3.33% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.29% | 2.51% |
Correlation
The correlation between USIG and PCL is 0.96 - 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 | 0.96 |
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Return for Risk
USIG vs. PCL — Risk / Return Rank
USIG
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USIG vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) 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.
| USIG | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | — | — |
| Martin ratioReturn relative to average drawdown | 6.44 | — | — |
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Drawdowns
USIG vs. PCL - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for USIG and PCL.
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Drawdown Indicators
| USIG | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -5.14% | -17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.68% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -1.73% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
USIG vs. PCL - Volatility Comparison
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Volatility by Period
| USIG | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 7.85% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 7.85% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 7.85% | -1.02% |
USIG vs. PCL - Expense Ratio Comparison
USIG has a 0.04% 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
USIG vs. PCL - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.73%, less than PCL's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 5.26% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.73% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.96, USIG 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.
On fees, USIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USIG is cheaper with a 0.04% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.26%, compared with 4.73% for USIG.
They also come from different issuers: iShares and PGIM. Their fees differ too: 0.04% for USIG and 0.25% for PCL.
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