BOBP vs. RAFE

Last updated Jun 26, 2026

BOBP (CORE16 Best of Breed Premier Index ETF) and RAFE (PIMCO RAFI ESG U.S. ETF) are both Large Cap Blend Equities funds - BOBP tracks the CORE16 Best of Breed Premier Index while RAFE tracks the RAFI ESG US Index. Both are passively managed. Over the past year, BOBP returned 38.08% vs 29.28% for RAFE. A 0.75 correlation means they provide meaningful diversification when combined. BOBP charges 0.70%/yr vs 0.30%/yr for RAFE.

Performance

BOBP vs. RAFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CORE16 Best of Breed Premier Index ETF (BOBP) and PIMCO RAFI ESG U.S. ETF (RAFE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOBP achieves a 28.44% return, which is significantly higher than RAFE's 14.01% return.

BOBP

• 1D: 3.87%
• 1M: 5.19%
• YTD: 28.44%
• 6M: 26.05%
• 1Y: 38.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAFE

• 1D: 0.45%
• 1M: 2.36%
• YTD: 14.01%
• 6M: 12.80%
• 1Y: 29.28%
• 3Y*: 19.26%
• 5Y*: 11.23%
• 10Y*: —

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

BOBP vs. RAFE - Yearly Performance Comparison

	2026 (YTD)	2025
BOBP CORE16 Best of Breed Premier Index ETF	28.44%	7.63%
RAFE PIMCO RAFI ESG U.S. ETF	14.01%	15.28%

Correlation

The correlation between BOBP and RAFE is 0.74, 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	0.75
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.75

The correlation between BOBP and RAFE has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

Return for Risk

BOBP vs. RAFE — Risk / Return Rank

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

BOBP

BOBP Risk / Return Rank: 65
BOBP Sharpe Ratio Rank: 62
BOBP Sortino Ratio Rank: 58
BOBP Omega Ratio Rank: 63
BOBP Calmar Ratio Rank: 67
BOBP Martin Ratio Rank: 75

RAFE

RAFE Risk / Return Rank: 86
RAFE Sharpe Ratio Rank: 89
RAFE Sortino Ratio Rank: 89
RAFE Omega Ratio Rank: 86
RAFE Calmar Ratio Rank: 83
RAFE Martin Ratio Rank: 84

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.

BOBP vs. RAFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CORE16 Best of Breed Premier Index ETF (BOBP) and PIMCO RAFI ESG U.S. ETF (RAFE). 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.

	BOBP	RAFE	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.57	-0.76
Sortino ratio: Return per unit of downside risk	2.44	3.57	-1.13
Omega ratio: Gain probability vs. loss probability	1.34	1.46	-0.12
Calmar ratio: Return relative to maximum drawdown	2.93	3.94	-1.01
Martin ratio: Return relative to average drawdown	12.48	15.24	-2.76

BOBP vs. RAFE - Sharpe Ratio Comparison

The current BOBP Sharpe Ratio is 1.80, which is comparable to the RAFE Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of BOBP and RAFE, 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

BOBP vs. RAFE - Drawdown Comparison

The maximum BOBP drawdown since its inception was -13.06%, smaller than the maximum RAFE drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for BOBP and RAFE.

Drawdown Indicators

	BOBP	RAFE	Difference
Max Drawdown Largest peak-to-trough decline	-13.06%	-35.74%	+22.68%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-7.46%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.28%	—
Current Drawdown Current decline from peak	-0.69%	-0.76%	+0.07%
Average Drawdown Average peak-to-trough decline	-1.70%	-6.17%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	1.93%	+1.13%

Volatility

BOBP vs. RAFE - Volatility Comparison

CORE16 Best of Breed Premier Index ETF (BOBP) has a higher volatility of 11.16% compared to PIMCO RAFI ESG U.S. ETF (RAFE) at 3.72%. This indicates that BOBP's price experiences larger fluctuations and is considered to be riskier than RAFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOBP	RAFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	3.72%	+7.44%
Volatility (6M) Calculated over the trailing 6-month period	19.18%	8.70%	+10.48%
Volatility (1Y) Calculated over the trailing 1-year period	21.21%	11.46%	+9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	15.09%	+5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.47%	19.38%	+1.09%

BOBP vs. RAFE - Expense Ratio Comparison

BOBP has a 0.70% expense ratio, which is higher than RAFE's 0.30% expense ratio.

Dividends

BOBP vs. RAFE - Dividend Comparison

BOBP's dividend yield for the trailing twelve months is around 2.58%, more than RAFE's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BOBP CORE16 Best of Breed Premier Index ETF	2.58%	3.31%	0.00%	0.00%	0.00%	0.00%	0.00%
RAFE PIMCO RAFI ESG U.S. ETF	1.49%	1.67%	1.79%	1.81%	2.22%	1.42%	2.36%

Frequently Asked Questions

Can I hold both BOBP and RAFE in my portfolio?

BOBP and RAFE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOBP or RAFE?

BOBP has higher volatility (11.16%) compared to RAFE (3.72%). In terms of maximum drawdown, BOBP dropped -13.06% vs RAFE's -35.74%.

Which ETF is better, BOBP or RAFE?

On 1-year performance, BOBP leads with 38.08% vs 29.28% for RAFE. On fees, RAFE is cheaper at 0.30% per year. On volatility, RAFE has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOBP or RAFE?

Over the 1-year period, BOBP has performed better with a 38.08% return vs 29.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOBP or RAFE?

RAFE is cheaper with a 0.30% expense ratio, compared with 0.70% for BOBP.

Which ETF pays a higher dividend yield, BOBP or RAFE?

BOBP has the higher dividend yield at 2.58%, compared with 1.49% for RAFE.

What is the main difference between BOBP and RAFE?

BOBP tracks CORE16 Best of Breed Premier Index, while RAFE tracks RAFI ESG US Index. They also come from different issuers: Exchange Traded Concepts and PIMCO. Their fees differ too: 0.70% for BOBP and 0.30% for RAFE.

Which has better risk-adjusted returns?

RAFE currently has the higher Sharpe Ratio (2.57 vs 1.80), 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.