BOND vs. BHK

Last updated Apr 2, 2026

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

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

Performance

BOND vs. BHK - Performance Comparison

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

BOND vs. BHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Returns By Period

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

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%

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%

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

Return for Risk

BOND vs. BHK — Risk / Return Rank

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

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

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

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.

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 ratio Return per unit of total volatility	1.04	-0.50	+1.54
Sortino ratio Return per unit of downside risk	1.45	-0.55	+2.00
Omega ratio Gain probability vs. loss probability	1.19	0.92	+0.27
Calmar ratio Return relative to maximum drawdown	1.58	-0.53	+2.11
Martin ratio Return relative to average drawdown	4.61	-0.92	+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.

BOND vs. BHK - Sharpe Ratio Comparison

The current BOND Sharpe Ratio is 1.04, which is higher than the BHK Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of BOND and BHK, 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

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

Correlation

The correlation between BOND and BHK 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

BOND vs. BHK - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

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.

Drawdown Indicators

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

Volatility

BOND vs. BHK - Volatility Comparison

The current volatility for PIMCO Active Bond ETF (BOND) is 1.83%, while BlackRock Core Bond Trust (BHK) has a volatility of 3.66%. 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.

Volatility by Period

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