VCLT vs. PCL
VCLT (Vanguard Long-Term Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. VCLT is passively managed, while PCL is actively managed. With a 0.98 correlation, they move nearly in lockstep. VCLT charges 0.03%/yr vs 0.25%/yr for PCL.
Performance
VCLT vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, VCLT achieves a 1.68% return, which is significantly lower than PCL's 2.29% return.
VCLT
- 1D
- 0.31%
- 1M
- 2.13%
- YTD
- 1.68%
- 6M
- 1.65%
- 1Y
- 6.80%
- 3Y*
- 4.23%
- 5Y*
- -2.30%
- 10Y*
- 2.32%
PCL
- 1D
- 0.25%
- 1M
- 2.27%
- YTD
- 2.29%
- 6M
- 2.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCLT vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VCLT Vanguard Long-Term Corporate Bond ETF | 1.68% | 3.42% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.29% | 2.51% |
Correlation
The correlation between VCLT and PCL is 0.98 - 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 | 0.98 |
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Return for Risk
VCLT vs. PCL — Risk / Return Rank
VCLT
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCLT vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond ETF (VCLT) 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.
| VCLT | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | — | — |
| Martin ratioReturn relative to average drawdown | 3.17 | — | — |
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Drawdowns
VCLT vs. PCL - Drawdown Comparison
The maximum VCLT drawdown since its inception was -34.31%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for VCLT and PCL.
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Drawdown Indicators
| VCLT | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -5.14% | -29.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.31% | — | — |
Current DrawdownCurrent decline from peak | -13.77% | -0.68% | -13.09% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -1.73% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | — | — |
Volatility
VCLT vs. PCL - Volatility Comparison
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Volatility by Period
| VCLT | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.82% | 7.85% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 7.85% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 7.85% | +5.00% |
VCLT vs. PCL - Expense Ratio Comparison
VCLT has a 0.03% 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
VCLT vs. PCL - Dividend Comparison
VCLT's dividend yield for the trailing twelve months is around 5.51%, more 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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.51% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
With a correlation of 0.98, VCLT 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, VCLT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.25% for PCL.
VCLT has the higher dividend yield at 5.51%, compared with 5.26% for PCL.
They also come from different issuers: Vanguard and PGIM. Their fees differ too: 0.03% for VCLT and 0.25% for PCL.
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