BHK vs. BOND
BHK (BlackRock Core Bond Trust) is a stock, while BOND (PIMCO Active Bond ETF) is Intermediate Core-Plus Bond fund actively managed by PIMCO. Over the past 10 years, BHK returned 3.00%/yr vs 2.16%/yr for BOND. At a 0.38 correlation, their price movements are largely independent.
Performance
BHK vs. BOND - Performance Comparison
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Returns By Period
In the year-to-date period, BHK achieves a -2.76% return, which is significantly lower than BOND's 0.48% return. Over the past 10 years, BHK has outperformed BOND with an annualized return of 3.00%, while BOND has yielded a comparatively lower 2.16% annualized return.
BHK
- 1D
- -0.78%
- 1M
- -1.05%
- YTD
- -2.76%
- 6M
- -1.69%
- 1Y
- -0.09%
- 3Y*
- 4.37%
- 5Y*
- -3.11%
- 10Y*
- 3.00%
BOND
- 1D
- -0.24%
- 1M
- 0.30%
- YTD
- 0.48%
- 6M
- 0.46%
- 1Y
- 6.71%
- 3Y*
- 4.99%
- 5Y*
- 0.51%
- 10Y*
- 2.16%
BHK vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | -2.76% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
BOND PIMCO Active Bond ETF | 0.48% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between BHK and BOND is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.38 |
The correlation between BHK and BOND shifts across timeframes, from 0.38 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BHK vs. BOND — Risk / Return Rank
BHK
BOND
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 ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.31 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.23 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.03 | 7.13 | -7.16 |
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
| BHK | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.70 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.09 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.43 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.63 | -0.23 |
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.
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Drawdown Indicators
| BHK | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -19.71% | -19.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -3.01% | -5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -6.12% | -8.61% |
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 DrawdownCurrent decline from peak | -21.10% | -1.57% | -19.53% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -3.50% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 0.94% | +2.27% |
Volatility
BHK vs. BOND - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 3.82% compared to PIMCO Active Bond ETF (BOND) at 1.40%. 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.
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Volatility by Period
| BHK | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 1.40% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 2.88% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 3.97% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 5.76% | +8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 5.09% | +8.02% |
Dividends
BHK vs. BOND - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.99%, more than BOND's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 9.99% | 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 | 5.19% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Frequently Asked Questions
BHK and BOND have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHK has higher volatility (3.82%) compared to BOND (1.40%). In terms of maximum drawdown, BHK dropped -39.59% vs BOND's -19.71%.
BOND currently has the higher Sharpe Ratio (1.70 vs -0.01), 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.
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