Correlation
The correlation between BBBS and PCMNX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BBBS vs. PCMNX
Compare and contrast key facts about Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and PACE Municipal Fixed Income Investments (PCMNX).
BBBS is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 1-5 Year Index. It was launched on Jan 23, 2024. PCMNX is managed by UBS Asset Management. It was launched on Aug 23, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBS or PCMNX.
Performance
BBBS vs. PCMNX - Performance Comparison
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Key characteristics
BBBS:
2.88
PCMNX:
0.54
BBBS:
4.40
PCMNX:
0.61
BBBS:
1.61
PCMNX:
1.11
BBBS:
5.02
PCMNX:
0.41
BBBS:
15.43
PCMNX:
1.53
BBBS:
0.46%
PCMNX:
1.26%
BBBS:
2.48%
PCMNX:
4.20%
BBBS:
-1.43%
PCMNX:
-11.62%
BBBS:
0.00%
PCMNX:
-2.31%
Returns By Period
In the year-to-date period, BBBS achieves a 2.67% return, which is significantly higher than PCMNX's -0.35% return.
BBBS
2.67%
0.70%
2.56%
6.84%
N/A
N/A
N/A
PCMNX
-0.35%
0.15%
-1.35%
2.18%
1.83%
0.64%
1.91%
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BBBS vs. PCMNX - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is lower than PCMNX's 0.57% expense ratio.
Risk-Adjusted Performance
BBBS vs. PCMNX — Risk-Adjusted Performance Rank
BBBS
PCMNX
BBBS vs. PCMNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and PACE Municipal Fixed Income Investments (PCMNX). 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.
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Dividends
BBBS vs. PCMNX - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.44%, more than PCMNX's 2.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.44% | 4.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PCMNX PACE Municipal Fixed Income Investments | 2.71% | 2.58% | 2.38% | 2.29% | 2.39% | 2.48% | 3.19% | 3.09% | 2.89% | 3.57% | 3.22% | 2.72% |
Drawdowns
BBBS vs. PCMNX - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.43%, smaller than the maximum PCMNX drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for BBBS and PCMNX.
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Volatility
BBBS vs. PCMNX - Volatility Comparison
Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) has a higher volatility of 0.64% compared to PACE Municipal Fixed Income Investments (PCMNX) at 0.56%. This indicates that BBBS's price experiences larger fluctuations and is considered to be riskier than PCMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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