XB vs. PCMM
XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) and PCMM (BondBloxx Private Credit CLO ETF) are both exchange-traded funds - XB is a High Yield Bonds fund tracking the ICE BofA Single-B US Cash Pay High Yield Constrained Index, while PCMM is a CLO fund actively managed by BondBloxx. XB is passively managed, while PCMM is actively managed. Over the past year, XB returned 7.35% vs 4.45% for PCMM. At a 0.14 correlation, their price movements are largely independent. XB charges 0.30%/yr vs 0.68%/yr for PCMM.
Performance
XB vs. PCMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XB achieves a 1.82% return, which is significantly higher than PCMM's 1.15% return.
XB
- 1D
- -0.31%
- 1M
- 0.57%
- YTD
- 1.82%
- 6M
- 2.29%
- 1Y
- 7.35%
- 3Y*
- 8.35%
- 5Y*
- —
- 10Y*
- —
PCMM
- 1D
- 0.06%
- 1M
- 0.49%
- YTD
- 1.15%
- 6M
- 1.71%
- 1Y
- 4.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XB vs. PCMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 1.82% | 7.81% | -0.69% |
PCMM BondBloxx Private Credit CLO ETF | 1.15% | 6.30% | 0.50% |
Correlation
The correlation between XB and PCMM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XB vs. PCMM — Risk / Return Rank
XB
PCMM
XB vs. PCMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and BondBloxx Private Credit CLO ETF (PCMM). 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.
| XB | PCMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.07 | +1.35 |
| Martin ratioReturn relative to average drawdown | 15.02 | 7.21 | +7.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XB | PCMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.16 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.08 | -0.24 |
Drawdowns
XB vs. PCMM - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, which is greater than PCMM's maximum drawdown of -4.32%. Use the drawdown chart below to compare losses from any high point for XB and PCMM.
Loading charts...
Drawdown Indicators
| XB | PCMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -4.32% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -2.16% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.41% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -0.43% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.62% | -0.13% |
Volatility
XB vs. PCMM - Volatility Comparison
BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) has a higher volatility of 1.36% compared to BondBloxx Private Credit CLO ETF (PCMM) at 1.22%. This indicates that XB's price experiences larger fluctuations and is considered to be riskier than PCMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XB | PCMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.22% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.64% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 3.94% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 4.97% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 4.97% | +2.47% |
XB vs. PCMM - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is lower than PCMM's 0.68% expense ratio.
Dividends
XB vs. PCMM - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.08%, more than PCMM's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PCMM BondBloxx Private Credit CLO ETF | 6.62% | 7.02% | 0.00% | 0.00% | 0.00% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.08% | 6.96% | 7.74% | 7.87% | 5.01% |
Frequently Asked Questions
XB and PCMM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XB has higher volatility (1.36%) compared to PCMM (1.22%). In terms of maximum drawdown, XB dropped -9.25% vs PCMM's -4.32%.
On 1-year performance, XB leads with 7.35% vs 4.45% for PCMM. On fees, XB is cheaper at 0.30% per year. On volatility, PCMM has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XB has performed better with a 7.35% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XB is cheaper with a 0.30% expense ratio, compared with 0.68% for PCMM.
XB has the higher dividend yield at 7.08%, compared with 6.62% for PCMM.
XB is categorized as High Yield Bonds, while PCMM is CLO. Their fees differ too: 0.30% for XB and 0.68% for PCMM.
XB currently has the higher Sharpe Ratio (1.98 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for XB and PCMM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer