BBBL vs. PYLD

Last updated Jun 25, 2026

BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) are both exchange-traded funds - BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while PYLD is a Multisector Bonds fund actively managed by PIMCO. BBBL is passively managed, while PYLD is actively managed. Over the past year, BBBL returned 6.44% vs 6.75% for PYLD. Their correlation of 0.82 suggests significant overlap in exposure. BBBL charges 0.19%/yr vs 0.55%/yr for PYLD.

Performance

BBBL vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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, BBBL achieves a 2.36% return, which is significantly higher than PYLD's 1.60% return.

BBBL

• 1D: 0.63%
• 1M: 2.22%
• YTD: 2.36%
• 6M: 1.65%
• 1Y: 6.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PYLD

• 1D: 0.19%
• 1M: 1.12%
• YTD: 1.60%
• 6M: 1.48%
• 1Y: 6.75%
• 3Y*: 8.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBBL vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	2.36%	7.02%	0.93%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	1.60%	9.57%	8.30%

Correlation

The correlation between BBBL and PYLD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.82

The correlation between BBBL and PYLD has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

Return for Risk

BBBL vs. PYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBBL

BBBL Risk / Return Rank: 25
BBBL Sharpe Ratio Rank: 25
BBBL Sortino Ratio Rank: 24
BBBL Omega Ratio Rank: 23
BBBL Calmar Ratio Rank: 27
BBBL Martin Ratio Rank: 25

PYLD

PYLD Risk / Return Rank: 69
PYLD Sharpe Ratio Rank: 77
PYLD Sortino Ratio Rank: 81
PYLD Omega Ratio Rank: 82
PYLD Calmar Ratio Rank: 46
PYLD Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBBL vs. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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.

	BBBL	PYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.21	-1.37
Sortino ratio: Return per unit of downside risk	1.23	3.22	-1.98
Omega ratio: Gain probability vs. loss probability	1.15	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	1.19	2.09	-0.90
Martin ratio: Return relative to average drawdown	2.93	9.45	-6.52

BBBL vs. PYLD - Sharpe Ratio Comparison

The current BBBL Sharpe Ratio is 0.83, which is lower than the PYLD Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of BBBL 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

BBBL vs. PYLD - Drawdown Comparison

The maximum BBBL drawdown since its inception was -9.43%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for BBBL and PYLD.

Drawdown Indicators

	BBBL	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-4.52%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-3.25%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.52%	—
Current Drawdown Current decline from peak	-0.79%	-0.11%	-0.68%
Average Drawdown Average peak-to-trough decline	-3.26%	-0.64%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	0.72%	+1.48%

Volatility

BBBL vs. PYLD - Volatility Comparison

Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a higher volatility of 1.96% compared to PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.07%. This indicates that BBBL's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBBL	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	1.07%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	2.62%	+3.20%
Volatility (1Y) Calculated over the trailing 1-year period	7.79%	3.08%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.75%	3.99%	+5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.75%	3.99%	+5.76%

BBBL vs. PYLD - Expense Ratio Comparison

BBBL has a 0.19% expense ratio, which is lower than PYLD's 0.55% expense ratio.

Dividends

BBBL vs. PYLD - Dividend Comparison

BBBL's dividend yield for the trailing twelve months is around 5.68%, less than PYLD's 6.25% yield.

Position	TTM	2025	2024	2023
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	5.68%	5.77%	5.19%	0.00%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	6.25%	6.21%	6.40%	2.72%

Frequently Asked Questions

Can I hold both BBBL and PYLD in my portfolio?

BBBL and PYLD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBBL or PYLD?

BBBL has higher volatility (1.96%) compared to PYLD (1.07%). In terms of maximum drawdown, BBBL dropped -9.43% vs PYLD's -4.52%.

Which ETF is better, BBBL or PYLD?

On 1-year performance, PYLD leads with 6.75% vs 6.44% for BBBL. On fees, BBBL is cheaper at 0.19% per year. On volatility, PYLD has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBL or PYLD?

Over the 1-year period, PYLD has performed better with a 6.75% return vs 6.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBL or PYLD?

BBBL is cheaper with a 0.19% expense ratio, compared with 0.55% for PYLD.

Which ETF pays a higher dividend yield, BBBL or PYLD?

PYLD has the higher dividend yield at 6.25%, compared with 5.68% for BBBL.

What is the main difference between BBBL and PYLD?

BBBL is categorized as Long-Term Bond, while PYLD is Multisector Bonds. They also come from different issuers: BondBloxx and PIMCO. Their fees differ too: 0.19% for BBBL and 0.55% for PYLD.

Which has better risk-adjusted returns?

PYLD currently has the higher Sharpe Ratio (2.21 vs 0.83), 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.