BOND vs. BHK
BOND (PIMCO Active Bond ETF) is Intermediate Core-Plus Bond fund actively managed by PIMCO, while BHK (BlackRock Core Bond Trust) is a stock. Over the past 10 years, BOND returned 2.21%/yr vs 3.00%/yr for BHK. At a 0.38 correlation, their price movements are largely independent.
Performance
BOND vs. BHK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BOND achieves a 0.66% return, which is significantly higher than BHK's -2.33% return. Over the past 10 years, BOND has underperformed BHK with an annualized return of 2.21%, while BHK has yielded a comparatively higher 3.00% annualized return.
BOND
- 1D
- 0.19%
- 1M
- 0.35%
- YTD
- 0.66%
- 6M
- 0.84%
- 1Y
- 6.19%
- 3Y*
- 5.08%
- 5Y*
- 0.54%
- 10Y*
- 2.21%
BHK
- 1D
- 0.45%
- 1M
- -0.28%
- YTD
- -2.33%
- 6M
- -0.73%
- 1Y
- 0.46%
- 3Y*
- 4.89%
- 5Y*
- -3.02%
- 10Y*
- 3.00%
BOND vs. BHK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.66% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
BHK BlackRock Core Bond Trust | -2.33% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
Correlation
The correlation between BOND and BHK is 0.58, 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 | 0.58 |
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 |
Over the past year, BOND and BHK have become more correlated (0.58) than their long-term average of 0.38, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BOND vs. BHK — Risk / Return Rank
BOND
BHK
BOND vs. BHK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and BlackRock Core Bond Trust (BHK). 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.
| BOND | BHK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.02 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.06 | +2.00 |
| Martin ratioReturn relative to average drawdown | 6.56 | 0.14 | +6.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BOND | BHK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.05 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.21 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.23 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.40 | +0.23 |
Drawdowns
BOND vs. BHK - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum BHK drawdown of -39.59%. Use the drawdown chart below to compare losses from any high point for BOND and BHK.
Loading charts...
Drawdown Indicators
| BOND | BHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -39.59% | +19.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -8.13% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -14.73% | +8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -39.59% | +19.88% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -39.59% | +19.88% |
Current DrawdownCurrent decline from peak | -1.39% | -20.75% | +19.36% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -7.76% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.22% | -2.27% |
Volatility
BOND vs. BHK - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.41%, while BlackRock Core Bond Trust (BHK) has a volatility of 3.84%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than BHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BOND | BHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 3.84% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 6.46% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 9.15% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 14.46% | -8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 13.11% | -8.02% |
Dividends
BOND vs. BHK - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.18%, less than BHK's 9.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 9.95% | 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% |
Frequently Asked Questions
BOND and BHK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHK has higher volatility (3.84%) compared to BOND (1.41%). In terms of maximum drawdown, BOND dropped -19.71% vs BHK's -39.59%.
BOND currently has the higher Sharpe Ratio (1.58 vs 0.05), 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.
Find the right allocation for BOND and BHK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer