PCS vs VCSH: Grades, Fees and Holdings Compared

PGIM Corporate Bond 0-5 Year ETF

PCSCCboe

Vanguard Short-Term Corporate Bond ETF

VCSHANasdaq

Overlap

No data

Expense ratio

VCSH −0.17pt a year

PCS0.20%VCSH0.03%

Avg volume · 30D

VCSH 281.3×the volume

PCS18.6KVCSH5.23M

PCS vs VCSH Performance

Nov 7, 2025 – Nov 9, 2026

+2.5%PCS+2.1%VCSH

Expense ratio: PCS 0.20%; VCSH 0.03%, better
Fund size: PCS $710M; VCSH $43.9B
1Y total return: PCS +2.5%, better; VCSH +2.1%
Yield (12M): PCS 4.36%; VCSH 4.54%, better
Holdings: PCS 343; VCSH 3067
Avg volume (30D): PCS 18.6K sh; VCSH 5.23M sh, better
NAV per share: PCS $49.39; VCSH $77.77
52W range

ETF.net Grade

Pillar letters and Scores for PCS, VCSH, with each pillar’s weight
Pillar	PCS	VCSH
Cost30% weight	D26	A93Higher
Mission25% weight	A71	A71
Risk15% weight	C47	C48Higher
Tradability15% weight	D34	A80Higher
Holdings10% weight	D37	A73Higher
Durability5% weight	D33	A92Higher

Rank among Investment Grade Corporate (0-5 Year) funds

How we build Categories ›

Same Category. PCS and VCSH are both graded against the same 23 Investment Grade Corporate (0-5 Year) funds, so their Grades compare head to head.

Investment Grade Corporate (0-5 Year)⁠

Category · 23 funds

See all 23 ›

VCSH ranks 3rd and PCS 11th of 23 funds in the Investment Grade Corporate (0-5 Year) Category.

Rank 1ASPSBState Street SPDR Portfolio Short Term Corporate Bond ETFScore 80
Rank 2AIGSBiShares 1-5 Year Investment Grade Corporate Bond ETFScore 79
Rank 3AVCSHVanguard Short-Term Corporate Bond ETFScore 76
Rank 4ASCHJSchwab 1-5 Year Corporate Bond ETFScore 72
Rank 10CCGSDCapital Group Short Duration Income ETFScore 46
Rank 11CPCSPGIM Corporate Bond 0-5 Year ETFScore 42
Rank 12DFLTBFidelity Limited Term Bond ETFScore 40

Our read on each fund

ETF.net Research

PCSCPGIM Corporate Bond 0-5 Year ETF

VCSHAVanguard Short-Term Corporate Bond ETF

In short

PCS No data

VCSH Corporate credit, kept short. VCSH tracks an index of investment-grade company bonds maturing in one to five years, at three basis points: you take company credit risk instead of government risk, with muted sensitivity to rate moves.

Stated mandate

PCS No data

VCSH The fund seeks to follow a market-weighted corporate bond index with a short-term dollar-weighted average maturity, using index sampling and investing at least 80% of assets in index bonds.

Why people hold it

PCS No data

VCSH A 0.03% expense ratio, versus a 0.12% median across its peer group. That is Treasury-index pricing for a fund doing corporate credit work.
Running since 2009 and now a multi-billion-dollar fund that trades actively, which is one of the easier profiles to get in and out of in its category.
Samples the Bloomberg U.S. 1-5 Year Corporate Bond Index with at least 80% of assets in index bonds, and its book lines up closely with that benchmark.vanguard.com
Distributions land monthly, not quarterly, and it sits among the strongest implementations in its cost-and-tracking peer group.

Worth knowing

PCS No data

VCSH These are company bonds, not government paper. Investment grade, but credit spreads can widen when markets get nervous, and Treasuries do not carry that risk.vanguard.com
The one-to-five-year maturity band cuts both ways: smaller price swings when rates jump, and less duration to work with when rates fall.vanguard.com
Index sampling means it holds a representative slice of the benchmark rather than every bond in it, so small differences from the index are normal.vanguard.com

Full PCS profile⁠

Full VCSH profile⁠

PCS vs VCSH Holdings

How PCS and VCSH differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile91.7%
Sector3 Sectors95.1%
Asset classBonds100%

Sector

Sector weights in PCS and VCSH, widest gap first
Sector	Gap	PCS	VCSH
Government	PCS +4.9 points	5.1%	0.2%
Corporate	VCSH +4.9 points	94.9%	99.8%
Securitized	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PCS and VCSH, widest gap first
Country	Gap	PCS	VCSH
United States	PCS +5.5 points	88.9%	83.4%
United Kingdom	VCSH +1.9 points	2.9%	4.8%
Japan	VCSH +1.2 points	1.5%	2.7%
Norway	PCS +1.2 points	1.2%	0.0%
Australia	VCSH +1.1 points	0.0%	1.1%
France	PCS +1.1 points	1.4%	0.3%
Germany	VCSH +0.9 points	0.0%	0.9%
Spain	VCSH +0.8 points	0.0%	0.8%
Other countries (16)	VCSH +1.9 points	4.2%	6.1%

Concentration

Weight in the 10 largest Holdings

PCS15.0%
VCSH3.6%

Securities held

PCS267
VCSH3,063

Asset class

PCS: Bonds
VCSH: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. PCS holds 267 securities, VCSH 3,063.

All 308 PCS holdings⁠All 3,065 VCSH holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PCS vs VCSH Cost

Overpaying PCS vs VCSH

$3,517

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PCS 0.20%
$4,155
VCSH 0.03%
$638

Amount$10,000

Years30 years

Cost over time

PCS 0.20%
VCSH 0.03%
Overpaying

Year by year

Year	PCS	VCSH	Overpaying
10	$365	$55	$310
20	$1,421	$216	$1,205
30	$4,155	$638	$3,517

Expense ratio

0.20%PCS
0.03%VCSH, cheaper

VCSH0.03%PCS0.20%

0.03%0.51%

Middle half of Investment Grade Corporate (0-5 Year) funds
Median 0.15%

VCSH cheapest of 23 funds

PCS 17th cheapest of 23 funds

PCS vs VCSH Dividends

Last 12 months to Nov 9, 2026

Yield (12M): PCS 4.36%; VCSH 4.54%, better
Payout (12M): PCS $2.16; VCSH $3.53
Last payment: PCS $0.19; VCSH $0.30
Ex-dividend: PCS Oct 30, 2026; VCSH Nov 2, 2026
Paid on: PCS Nov 3, 2026; VCSH Nov 4, 2026
Frequency: PCS Monthly; VCSH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

PCSMonthly · 15 paymentsAll PCS payments⁠

VCSHMonthly · 46 paymentsAll VCSH payments⁠

PCS vs VCSH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PCS 1.9%since Sep 2025VCSH 2.6%
Return per unit of riskSharpe ratio, 3 years: PCS −0.60since Sep 2025VCSH 0.44
Worst fallMax drawdown, 5 years: PCS −1.2%since Aug 2025VCSH −9.1%
Market sensitivityBeta, 5 years: PCS 0.06VCSH 0.41; Market = 1

PCS and VCSH in the news

All news⁠

Best ETFs
Best bond ETFs for a portfolio hold the whole investment-grade market
Updated Nov 2, 2026VCSH
New ETFs
Beacon's alternatives ETF opened 35% in the dollar, at a fee above every holding
Sep 9, 2026VCSH

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PCS vs VCSH

In short

Stated mandate

Why people hold it

Worth knowing

How PCS and VCSH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best bond ETFs for a portfolio hold the whole investment-grade market

Beacon's alternatives ETF opened 35% in the dollar, at a fee above every holding

How PCS and VCSH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings