BILZ vs. MFUS
BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both exchange-traded funds - BILZ is a Ultrashort Bond fund actively managed by PIMCO, while MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index. BILZ is actively managed, while MFUS is passively managed. Over the past 3 years, BILZ returned 4.63%/yr vs 19.23%/yr for MFUS. Their -0.02 correlation means they have often moved in opposite directions in the past. BILZ charges 0.14%/yr vs 0.30%/yr for MFUS.
Performance
BILZ vs. MFUS - Performance Comparison
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Returns By Period
In the year-to-date period, BILZ achieves a 2.08% return, which is significantly lower than MFUS's 16.05% return.
BILZ
- 1D
- 0.02%
- 1M
- 0.28%
- 6M
- 1.80%
- YTD
- 2.08%
- 1Y
- 3.81%
- 3Y*
- 4.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.65%
MFUS
- 1D
- 0.02%
- 1M
- -0.78%
- 6M
- 11.41%
- YTD
- 16.05%
- 1Y
- 25.38%
- 3Y*
- 19.23%
- 5Y*
- 12.82%
- 10Y*
- —
- ALL TIME*
- 13.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.21M | $18.47M | $22.55M | |
| $1.61M | $1.05M | $936.81K |
BILZ vs. MFUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 2.08% | 4.21% | 5.25% | 2.87% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.05% | 16.02% | 20.17% | 10.09% |
Correlation
The correlation between BILZ and MFUS is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | -0.02 |
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Return for Risk
BILZ vs. MFUS — Risk / Return Rank
BILZ
MFUS
BILZ vs. MFUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.
| BILZ | MFUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.28 | ||
| Sortino ratioReturn per unit of downside risk | +113.46 | ||
| Omega ratioGain probability vs. loss probability | 44.52 | 1.39 | +43.13 |
| Calmar ratioReturn relative to maximum drawdown | 196.19 | 3.86 | +192.33 |
| Martin ratioReturn relative to average drawdown | 1,864.61 | 14.64 | +1,849.97 |
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Drawdowns
BILZ vs. MFUS - Drawdown Comparison
The maximum BILZ drawdown since its inception was -0.52%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for BILZ and MFUS.
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Drawdown Indicators
| BILZ | MFUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -35.21% | +34.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -6.39% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.17% | -15.39% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.61% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -3.95% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.68% | -1.68% |
Volatility
BILZ vs. MFUS - Volatility Comparison
The current volatility for PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) is 0.06%, while PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) has a volatility of 2.93%. This indicates that BILZ experiences smaller price fluctuations and is considered to be less risky than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILZ | MFUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 2.93% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 9.11% | -8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 11.43% | -11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | 15.02% | -14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.51% | 17.28% | -16.77% |
BILZ vs. MFUS - Expense Ratio Comparison
BILZ has a 0.14% expense ratio, which is lower than MFUS's 0.30% expense ratio.
Dividends
BILZ vs. MFUS - Dividend Comparison
BILZ's dividend yield for the trailing twelve months is around 4.01%, more than MFUS's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 3.64% | 4.19% | 4.95% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.38% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
Frequently Asked Questions
BILZ and MFUS have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFUS has higher volatility (2.93%) compared to BILZ (0.06%). In terms of maximum drawdown, BILZ dropped -0.52% vs MFUS's -35.21%.
On 3-year performance, MFUS leads with 19.23% vs 4.63% for BILZ. On fees, BILZ is cheaper at 0.14% per year. On volatility, BILZ has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MFUS has performed better with a 19.23% return vs 4.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILZ is cheaper with a 0.14% expense ratio, compared with 0.30% for MFUS.
BILZ has the higher dividend yield at 3.64%, compared with 1.38% for MFUS.
BILZ is categorized as Ultrashort Bond, while MFUS is Large Cap Growth Equities. Their fees differ too: 0.14% for BILZ and 0.30% for MFUS.
BILZ currently has the higher Sharpe Ratio (18.44 vs 2.16), 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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