- ISIN
- US72201R5770
- Issuer
- PIMCO
- Inception Date
- Jun 21, 2023
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $874M
Share Price Chart
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Performance
BILZ Performance Chart
PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) is up 1.5% since the beginning of the year. BILZ is currently trading at $101 per share.
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Returns By Period
PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) has returned 1.54% so far this year and 3.90% over the past 12 months.
PIMCO Ultra Short Government Active Exchange-Traded Fund
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.54%
- 6M
- 1.76%
- 1Y
- 3.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
BILZ Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2023, BILZ's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 100% of months were positive and 0% were negative. The best month was Aug 2024 with a return of +0.5%, while the worst month was Jun 2026 at 0.1%. The longest winning streak lasted 37 consecutive months, and the longest losing streak was 0 months.
On a daily basis, BILZ closed higher 84% of trading days. The best single day was Jun 22, 2023 with a return of +0.5%, while the worst single day was Jun 23, 2023 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.27% | 0.28% | 0.31% | 0.29% | 0.11% | 1.54% | ||||||
| 2025 | 0.38% | 0.32% | 0.31% | 0.37% | 0.35% | 0.33% | 0.36% | 0.41% | 0.31% | 0.38% | 0.27% | 0.36% | 4.21% |
| 2024 | 0.46% | 0.41% | 0.43% | 0.41% | 0.47% | 0.38% | 0.46% | 0.51% | 0.44% | 0.39% | 0.38% | 0.39% | 5.25% |
| 2023 | 0.12% | 0.43% | 0.48% | 0.42% | 0.43% | 0.50% | 0.46% | 2.87% |
Benchmark Metrics
PIMCO Ultra Short Government Active Exchange-Traded Fund has an annualized alpha of 4.71%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 22, 2023.
- This ETF captured 8.62% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.99%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.71%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 8.62%
- Downside Capture
- -15.99%
Expense Ratio
BILZ has an expense ratio of 0.14%, which is considered low.
Return for Risk
Risk / Return Rank
BILZ ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and compare them to S&P 500 Index.
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.
| BILZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +17.16 | ||
| Sortino ratioReturn per unit of downside risk | +116.59 | ||
| Omega ratioGain probability vs. loss probability | 47.59 | 1.34 | +46.26 |
| Calmar ratioReturn relative to maximum drawdown | 198.16 | 2.52 | +195.64 |
| Martin ratioReturn relative to average drawdown | 1,904.98 | 11.31 | +1,893.67 |
Dividends
Dividend History
PIMCO Ultra Short Government Active Exchange-Traded Fund provided a 4.07% dividend yield over the last twelve months, with an annual payout of $4.10 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.10 | $4.22 | $4.99 | $2.24 |
Dividend yield | 4.07% | 4.19% | 4.95% | 2.23% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Ultra Short Government Active Exchange-Traded Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.32 | $0.31 | $0.31 | $0.31 | $0.31 | $1.56 | ||||||
| 2025 | $0.00 | $0.33 | $0.30 | $0.35 | $0.32 | $0.38 | $0.36 | $0.37 | $0.37 | $0.40 | $0.38 | $0.66 | $4.22 |
| 2024 | $0.00 | $0.41 | $0.40 | $0.43 | $0.46 | $0.43 | $0.41 | $0.49 | $0.40 | $0.38 | $0.38 | $0.81 | $4.99 |
| 2023 | $0.40 | $0.40 | $0.28 | $0.47 | $0.69 | $2.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Ultra Short Government Active Exchange-Traded Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO Ultra Short Government Active Exchange-Traded Fund was 0.52%, occurring on Jun 23, 2023. Recovery took 23 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -0.52%Jun 2023 | 0s | 1mo 4d | 1mo 4dJun 2023 - Jul 2023 |
2024 pullback2024 | -0.17%Jul 2024 | 0s | 1d | 1dJul 2024 - Jul 2024 |
2023 pullback2023 | -0.02%Jul 2023 | 0s | 3d | 3dJul 2023 - Jul 2023 |
2024 pullback2024 | -0.02%Feb 2024 | 0s | 1d | 1dFeb 2024 - Feb 2024 |
2023 pullback2023 | -0.02%Oct 2023 | 0s | 1d | 1dOct 2023 - Oct 2023 |
Drawdown Indicators
| BILZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -56.78% | +56.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -9.10% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.83% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -10.72% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.02% | -2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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