ADVNX vs. PYLD

Last updated Aug 4, 2026

ADVNX (North Square Strategic Income Fund) and PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) are both Multisector Bonds funds. Over the past 3 years, ADVNX returned 8.18%/yr vs 7.93%/yr for PYLD. Their 0.70 correlation means they have sometimes moved together and sometimes differently. ADVNX charges 0.90%/yr vs 0.55%/yr for PYLD.

Performance

ADVNX vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square Strategic Income Fund (ADVNX) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVNX achieves a 0.46% return, which is significantly lower than PYLD's 0.98% return.

ADVNX

• 1D: -0.10%
• 1M: -1.05%
• 6M: -0.70%
• YTD: 0.46%
• 1Y: 4.80%
• 3Y*: 8.18%
• 5Y*: 3.64%
• 10Y*: 4.58%
• ALL TIME*: 4.50%

PYLD

• 1D: 0.15%
• 1M: -0.76%
• 6M: 0.38%
• YTD: 0.98%
• 1Y: 4.94%
• 3Y*: 7.93%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.61%

*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)
ADVNX North Square Strategic Income Fund	$0.00	$0.00	$0.00
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	$87.11M	$100.81M	$103.51M

ADVNX vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADVNX North Square Strategic Income Fund	0.46%	11.20%	9.71%	5.19%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	0.98%	9.57%	7.69%	5.46%

Correlation

The correlation between ADVNX and PYLD is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.70

The correlation between ADVNX and PYLD has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

ADVNX vs. PYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ADVNX

ADVNX Risk / Return Rank: 63
ADVNX Sharpe Ratio Rank: 68
ADVNX Sortino Ratio Rank: 72
ADVNX Omega Ratio Rank: 69
ADVNX Calmar Ratio Rank: 67
ADVNX Martin Ratio Rank: 36

PYLD

PYLD Risk / Return Rank: 61
PYLD Sharpe Ratio Rank: 69
PYLD Sortino Ratio Rank: 69
PYLD Omega Ratio Rank: 70
PYLD Calmar Ratio Rank: 42
PYLD Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ADVNX vs. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square Strategic Income Fund (ADVNX) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.

	ADVNX	PYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.61	+0.09
Sortino ratio: Return per unit of downside risk	2.55	2.30	+0.25
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.34	1.53	+0.81
Martin ratio: Return relative to average drawdown	5.63	6.57	-0.94

ADVNX vs. PYLD - Sharpe Ratio Comparison

The current ADVNX Sharpe Ratio is 1.70, which is comparable to the PYLD Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of ADVNX and PYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADVNX vs. PYLD - Drawdown Comparison

The maximum ADVNX drawdown since its inception was -11.86%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for ADVNX and PYLD.

Drawdown Indicators

	ADVNX	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	-11.86%	-4.52%	-7.34%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-3.25%	+0.68%
Max Drawdown (3Y) Largest decline over 3 years	-5.12%	-3.88%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-11.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.86%	—	—
Current Drawdown Current decline from peak	-2.26%	-0.98%	-1.28%
Average Drawdown Average peak-to-trough decline	-1.91%	-0.64%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	0.75%	+0.32%

Volatility

ADVNX vs. PYLD - Volatility Comparison

The current volatility for North Square Strategic Income Fund (ADVNX) is 0.67%, while PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a volatility of 0.88%. This indicates that ADVNX experiences smaller price fluctuations and is considered to be less risky than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVNX	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.88%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	2.49%	2.73%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	3.08%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	3.96%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.77%	3.96%	-0.19%

ADVNX vs. PYLD - Expense Ratio Comparison

ADVNX has a 0.90% expense ratio, which is higher than PYLD's 0.55% expense ratio.

Dividends

ADVNX vs. PYLD - Dividend Comparison

ADVNX's dividend yield for the trailing twelve months is around 4.90%, less than PYLD's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVNX North Square Strategic Income Fund	4.90%	4.73%	4.02%	4.38%	2.80%	5.23%	6.80%	3.33%	3.92%	4.09%	4.19%	6.30%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	6.44%	6.21%	6.40%	2.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADVNX and PYLD in my portfolio?

ADVNX and PYLD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVNX or PYLD?

PYLD has higher volatility (0.88%) compared to ADVNX (0.67%). In terms of maximum drawdown, ADVNX dropped -11.86% vs PYLD's -4.52%.

Which has better risk-adjusted returns?

ADVNX currently has the higher Sharpe Ratio (1.70 vs 1.61), 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.