BOND vs. SCHZ
Compare and contrast key facts about PIMCO Active Bond ETF (BOND) and Schwab U.S. Aggregate Bond ETF (SCHZ).
BOND and SCHZ 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. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOND or SCHZ.
Key characteristics
| BOND | SCHZ | |
|---|---|---|
| YTD Return | -2.01% | -2.85% |
| 1Y Return | 2.00% | -0.30% |
| 3Y Return (Ann) | -3.21% | -3.50% |
| 5Y Return (Ann) | 0.21% | -0.06% |
| 10Y Return (Ann) | 1.75% | 1.20% |
| Sharpe Ratio | 0.34 | -0.02 |
| Daily Std Dev | 6.36% | 6.91% |
| Max Drawdown | -19.71% | -18.74% |
| Current Drawdown | -11.42% | -13.00% |
Correlation
The correlation between BOND and SCHZ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BOND vs. SCHZ - Performance Comparison
In the year-to-date period, BOND achieves a -2.01% return, which is significantly higher than SCHZ's -2.85% return. Over the past 10 years, BOND has outperformed SCHZ with an annualized return of 1.75%, while SCHZ has yielded a comparatively lower 1.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BOND vs. SCHZ - Expense Ratio Comparison
Risk-Adjusted Performance
BOND vs. SCHZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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.
Dividends
BOND vs. SCHZ - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.16%, more than SCHZ's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.16% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
SCHZ Schwab U.S. Aggregate Bond ETF | 3.58% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.79% | 2.40% | 2.24% | 2.11% | 2.03% | 2.01% |
Drawdowns
BOND vs. SCHZ - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for BOND and SCHZ. For additional features, visit the drawdowns tool.
Volatility
BOND vs. SCHZ - Volatility Comparison
PIMCO Active Bond ETF (BOND) and Schwab U.S. Aggregate Bond ETF (SCHZ) have volatilities of 1.95% and 1.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.