BOND vs. CFIT

Last updated Apr 16, 2026

BOND (PIMCO Active Bond ETF) and CFIT (Cambria Fixed Income Trend ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, BOND returned 7.82% vs 9.52% for CFIT. A 0.60 correlation means they provide meaningful diversification when combined. BOND charges 0.54%/yr vs 0.71%/yr for CFIT.

Performance

BOND vs. CFIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Active Bond ETF (BOND) and Cambria Fixed Income Trend ETF (CFIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOND achieves a 0.98% return, which is significantly lower than CFIT's 2.77% return.

BOND

• 1D: -0.10%
• 1M: 0.55%
• YTD: 0.98%
• 6M: 1.53%
• 1Y: 7.82%
• 3Y*: 5.04%
• 5Y*: 0.66%
• 10Y*: 2.31%

CFIT

• 1D: 0.22%
• 1M: 1.74%
• YTD: 2.77%
• 6M: 2.02%
• 1Y: 9.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOND vs. CFIT - Yearly Performance Comparison

	2026 (YTD)	2025
BOND PIMCO Active Bond ETF	0.98%	5.23%
CFIT Cambria Fixed Income Trend ETF	2.77%	3.59%

Correlation

The correlation between BOND and CFIT is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025	0.60

The correlation between BOND and CFIT has been stable across timeframes, ranging from 0.60 to 0.61 — a consistent structural relationship.

Return for Risk

BOND vs. CFIT — Risk / Return Rank

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

BOND

BOND Risk / Return Rank: 44
BOND Sharpe Ratio Rank: 43
BOND Sortino Ratio Rank: 45
BOND Omega Ratio Rank: 42
BOND Calmar Ratio Rank: 45
BOND Martin Ratio Rank: 46

CFIT

CFIT Risk / Return Rank: 41
CFIT Sharpe Ratio Rank: 43
CFIT Sortino Ratio Rank: 43
CFIT Omega Ratio Rank: 48
CFIT Calmar Ratio Rank: 34
CFIT Martin Ratio Rank: 38

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. CFIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and Cambria Fixed Income Trend ETF (CFIT). 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	CFIT	Difference
Sharpe ratio Return per unit of total volatility	1.86	1.83	+0.03
Sortino ratio Return per unit of downside risk	2.71	2.60	+0.11
Omega ratio Gain probability vs. loss probability	1.34	1.35	-0.02
Calmar ratio Return relative to maximum drawdown	3.08	2.35	+0.72
Martin ratio Return relative to average drawdown	10.87	8.79	+2.07
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. CFIT - Sharpe Ratio Comparison

The current BOND Sharpe Ratio is 1.86, which is comparable to the CFIT Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BOND and CFIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BOND	CFIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.83	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.14	-0.49

Drawdowns

BOND vs. CFIT - Drawdown Comparison

The maximum BOND drawdown since its inception was -19.71%, which is greater than CFIT's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for BOND and CFIT.

Drawdown Indicators

	BOND	CFIT	Difference
Max Drawdown Largest peak-to-trough decline	-19.71%	-4.23%	-15.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-4.23%	+1.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.71%	—	—
Current Drawdown Current decline from peak	-1.08%	-0.47%	-0.61%
Average Drawdown Average peak-to-trough decline	-3.52%	-1.33%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.13%	-0.32%

Volatility

BOND vs. CFIT - Volatility Comparison

The current volatility for PIMCO Active Bond ETF (BOND) is 1.73%, while Cambria Fixed Income Trend ETF (CFIT) has a volatility of 2.66%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than CFIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOND	CFIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	2.66%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	4.48%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.24%	5.26%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	5.47%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	5.47%	-0.40%

BOND vs. CFIT - Expense Ratio Comparison

BOND has a 0.54% expense ratio, which is lower than CFIT's 0.71% expense ratio.

Dividends

BOND vs. CFIT - Dividend Comparison

BOND's dividend yield for the trailing twelve months is around 5.14%, more than CFIT's 4.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOND PIMCO Active Bond ETF	5.14%	5.11%	5.02%	4.06%	3.44%	2.58%	2.66%	3.38%	3.18%	2.87%	2.85%	4.14%
CFIT Cambria Fixed Income Trend ETF	4.20%	3.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%