BOND vs. BYLD
Compare and contrast key facts about PIMCO Active Bond ETF (BOND) and iShares Yield Optimized Bond ETF (BYLD).
BOND and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOND or BYLD.
Correlation
The correlation between BOND and BYLD is 0.00, 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.
Performance
BOND vs. BYLD - Performance Comparison
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Key characteristics
BOND:
0.92
BYLD:
1.26
BOND:
1.31
BYLD:
1.85
BOND:
1.16
BYLD:
1.24
BOND:
0.47
BYLD:
1.40
BOND:
2.53
BYLD:
6.37
BOND:
2.00%
BYLD:
0.96%
BOND:
5.64%
BYLD:
4.82%
BOND:
-19.71%
BYLD:
-14.75%
BOND:
-5.54%
BYLD:
-0.52%
Returns By Period
In the year-to-date period, BOND achieves a 1.68% return, which is significantly lower than BYLD's 2.05% return. Over the past 10 years, BOND has underperformed BYLD with an annualized return of 1.85%, while BYLD has yielded a comparatively higher 2.51% annualized return.
BOND
1.68%
1.03%
1.63%
5.17%
-0.01%
1.85%
BYLD
2.05%
2.31%
1.85%
6.01%
1.51%
2.51%
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BOND vs. BYLD - Expense Ratio Comparison
BOND has a 0.57% expense ratio, which is higher than BYLD's 0.20% expense ratio.
Risk-Adjusted Performance
BOND vs. BYLD — Risk-Adjusted Performance Rank
BOND
BYLD
BOND vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and iShares Yield Optimized Bond ETF (BYLD). 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.
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Dividends
BOND vs. BYLD - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.13%, less than BYLD's 5.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.13% | 5.02% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% |
BYLD iShares Yield Optimized Bond ETF | 5.51% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% |
Drawdowns
BOND vs. BYLD - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, which is greater than BYLD's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for BOND and BYLD. For additional features, visit the drawdowns tool.
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Volatility
BOND vs. BYLD - Volatility Comparison
PIMCO Active Bond ETF (BOND) has a higher volatility of 1.92% compared to iShares Yield Optimized Bond ETF (BYLD) at 1.49%. This indicates that BOND's price experiences larger fluctuations and is considered to be riskier than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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