BHK vs. BOND

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Core Bond Trust (BHK) and PIMCO Active Bond ETF (BOND).

BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.

Performance

BHK vs. BOND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Core Bond Trust (BHK) and PIMCO Active Bond ETF (BOND). The values are adjusted to include any dividend payments, if applicable.

BHK vs. BOND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHK BlackRock Core Bond Trust	-2.31%	2.51%	4.02%	14.42%	-32.52%	8.03%	18.02%	26.36%	-7.59%	14.22%
BOND PIMCO Active Bond ETF	0.10%	8.39%	2.77%	6.48%	-14.57%	-0.77%	7.80%	8.54%	0.08%	4.76%

Returns By Period

In the year-to-date period, BHK achieves a -2.31% return, which is significantly lower than BOND's 0.10% return. Over the past 10 years, BHK has outperformed BOND with an annualized return of 3.37%, while BOND has yielded a comparatively lower 2.26% annualized return.

BHK

• 1D: -0.11%
• 1M: -2.90%
• YTD: -2.31%
• 6M: -4.41%
• 1Y: -5.94%
• 3Y*: 3.80%
• 5Y*: -2.27%
• 10Y*: 3.37%

BOND

• 1D: 0.12%
• 1M: -1.53%
• YTD: 0.10%
• 6M: 1.30%
• 1Y: 4.87%
• 3Y*: 4.80%
• 5Y*: 0.64%
• 10Y*: 2.26%

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

Return for Risk

BHK vs. BOND — Risk / Return Rank

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

BHK

BHK Risk / Return Rank: 20
BHK Sharpe Ratio Rank: 19
BHK Sortino Ratio Rank: 18
BHK Omega Ratio Rank: 17
BHK Calmar Ratio Rank: 23
BHK Martin Ratio Rank: 24

BOND

BOND Risk / Return Rank: 53
BOND Sharpe Ratio Rank: 56
BOND Sortino Ratio Rank: 53
BOND Omega Ratio Rank: 47
BOND Calmar Ratio Rank: 60
BOND Martin Ratio Rank: 47

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.

BHK vs. BOND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) and PIMCO Active Bond ETF (BOND). 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.

	BHK	BOND	Difference
Sharpe ratio Return per unit of total volatility	-0.50	1.04	-1.54
Sortino ratio Return per unit of downside risk	-0.55	1.45	-2.00
Omega ratio Gain probability vs. loss probability	0.92	1.19	-0.27
Calmar ratio Return relative to maximum drawdown	-0.53	1.58	-2.11
Martin ratio Return relative to average drawdown	-0.92	4.61	-5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHK vs. BOND - Sharpe Ratio Comparison

The current BHK Sharpe Ratio is -0.50, which is lower than the BOND Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of BHK and BOND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BHK	BOND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	1.04	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.11	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.45	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.63	-0.23

Correlation

The correlation between BHK and BOND is 0.37, 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.

Dividends

BHK vs. BOND - Dividend Comparison

BHK's dividend yield for the trailing twelve months is around 9.75%, more than BOND's 5.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHK BlackRock Core Bond Trust	9.75%	9.25%	8.56%	8.21%	7.91%	6.36%	5.06%	5.32%	6.39%	5.56%	6.23%	7.03%
BOND PIMCO Active Bond ETF	5.18%	5.11%	5.02%	4.06%	3.44%	2.58%	2.66%	3.38%	3.18%	2.87%	2.85%	4.14%

Drawdowns

BHK vs. BOND - Drawdown Comparison

The maximum BHK drawdown since its inception was -39.59%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for BHK and BOND.

Drawdown Indicators

	BHK	BOND	Difference
Max Drawdown Largest peak-to-trough decline	-39.59%	-19.71%	-19.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-3.29%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-39.59%	-19.71%	-19.88%
Max Drawdown (10Y) Largest decline over 10 years	-39.59%	-19.71%	-19.88%
Current Drawdown Current decline from peak	-20.73%	-1.94%	-18.79%
Average Drawdown Average peak-to-trough decline	-7.67%	-3.53%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.98%	1.13%	+4.85%

Volatility

BHK vs. BOND - Volatility Comparison

BlackRock Core Bond Trust (BHK) has a higher volatility of 3.66% compared to PIMCO Active Bond ETF (BOND) at 1.83%. This indicates that BHK's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHK	BOND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	1.83%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	6.15%	2.70%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	4.72%	+7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	5.73%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	5.07%	+7.99%