VBCC vs. PCL

Last updated Aug 1, 2026

VBCC (Vanguard Target Maturity 2029 Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. VBCC is passively managed, while PCL is actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VBCC charges 0.08%/yr vs 0.25%/yr for PCL.

Performance

VBCC vs. PCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Maturity 2029 Corporate Bond ETF (VBCC) and PGIM Corporate Bond 10+ Year ETF (PCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VBCC

• 1D: -0.09%
• 1M: -0.18%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PCL

• 1D: -0.42%
• 1M: -3.88%
• 6M: -2.70%
• YTD: -2.10%
• 1Y: 0.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PCL PGIM Corporate Bond 10+ Year ETF	$982.81K	$474.09K	$648.14K
VBCC Vanguard Target Maturity 2029 Corporate Bond ETF	$576.39K	$637.25K	$642.30K

VBCC vs. PCL - Yearly Performance Comparison

	2026 (YTD)
VBCC Vanguard Target Maturity 2029 Corporate Bond ETF	1.01%
PCL PGIM Corporate Bond 10+ Year ETF	-1.34%

Correlation

The correlation between VBCC and PCL is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.78

Return for Risk

VBCC vs. PCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2029 Corporate Bond ETF (VBCC) 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.

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

Drawdowns

VBCC vs. PCL - Drawdown Comparison

The maximum VBCC drawdown since its inception was -0.79%, smaller than the maximum PCL drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for VBCC and PCL.

Drawdown Indicators

	VBCC	PCL	Difference
Max Drawdown Largest peak-to-trough decline	-0.79%	-5.14%	+4.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.14%	—
Current Drawdown Current decline from peak	-0.21%	-4.98%	+4.77%
Average Drawdown Average peak-to-trough decline	-0.23%	-1.83%	+1.60%

Volatility

Volatility by Period

	VBCC	PCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.19%	7.82%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.19%	7.82%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.19%	7.82%	-5.63%

VBCC vs. PCL - Expense Ratio Comparison

VBCC has a 0.08% 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

VBCC vs. PCL - Dividend Comparison

VBCC's dividend yield for the trailing twelve months is around 0.79%, less than PCL's 6.51% yield.

Position	TTM	2025
PCL PGIM Corporate Bond 10+ Year ETF	6.51%	2.52%
VBCC Vanguard Target Maturity 2029 Corporate Bond ETF	0.79%	0.00%

Frequently Asked Questions

Can I hold both VBCC and PCL in my portfolio?

VBCC and PCL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VBCC or PCL?

On fees, VBCC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VBCC or PCL?

VBCC is cheaper with a 0.08% expense ratio, compared with 0.25% for PCL.

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

PCL has the higher dividend yield at 6.51%, compared with 0.79% for VBCC.

What is the main difference between VBCC and PCL?

They also come from different issuers: Vanguard and PGIM. Their fees differ too: 0.08% for VBCC and 0.25% for PCL.