AGZ vs. PYLD
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).
AGZ and PYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGZ is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Agency Bond Index (USD). It was launched on Nov 5, 2008. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Performance
AGZ vs. PYLD - Performance Comparison
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AGZ vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 0.11% | 6.05% | 3.08% | 3.26% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | -0.92% | 9.57% | 7.69% | 5.60% |
Returns By Period
In the year-to-date period, AGZ achieves a 0.11% return, which is significantly higher than PYLD's -0.92% return.
AGZ
- 1D
- -0.11%
- 1M
- -0.84%
- YTD
- 0.11%
- 6M
- 1.24%
- 1Y
- 4.08%
- 3Y*
- 4.05%
- 5Y*
- 1.23%
- 10Y*
- 1.88%
PYLD
- 1D
- 0.50%
- 1M
- -2.28%
- YTD
- -0.92%
- 6M
- 0.90%
- 1Y
- 5.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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AGZ vs. PYLD - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Return for Risk
AGZ vs. PYLD — Risk / Return Rank
AGZ
PYLD
AGZ vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and PIMCO ETF Trust - 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.
| AGZ | PYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.72 | -0.28 |
Sortino ratioReturn per unit of downside risk | 2.06 | 2.39 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.84 | +1.37 |
Martin ratioReturn relative to average drawdown | 10.47 | 7.60 | +2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGZ | PYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.72 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.99 | -1.30 |
Correlation
The correlation between AGZ and PYLD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AGZ vs. PYLD - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.76%, less than PYLD's 6.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.76% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 6.36% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGZ vs. PYLD - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for AGZ and PYLD.
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Drawdown Indicators
| AGZ | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -4.52% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.30% | -3.25% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -2.28% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -0.64% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.79% | -0.39% |
Volatility
AGZ vs. PYLD - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 1.16%, while PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a volatility of 1.61%. This indicates that AGZ 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.
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Volatility by Period
| AGZ | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.61% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 2.12% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 3.43% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 4.00% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 4.00% | -0.97% |