BOND vs. SPYD
Compare and contrast key facts about PIMCO Active Bond ETF (BOND) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
BOND and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOND or SPYD.
Key characteristics
| BOND | SPYD | |
|---|---|---|
| YTD Return | 2.69% | 20.15% |
| 1Y Return | 8.83% | 33.94% |
| 3Y Return (Ann) | -1.83% | 7.85% |
| 5Y Return (Ann) | 0.18% | 8.08% |
| Sharpe Ratio | 1.66 | 2.55 |
| Sortino Ratio | 2.38 | 3.55 |
| Omega Ratio | 1.30 | 1.45 |
| Calmar Ratio | 0.62 | 2.07 |
| Martin Ratio | 6.43 | 16.91 |
| Ulcer Index | 1.43% | 1.96% |
| Daily Std Dev | 5.54% | 13.04% |
| Max Drawdown | -19.71% | -46.42% |
| Current Drawdown | -7.17% | -1.32% |
Correlation
The correlation between BOND and SPYD is 0.05, 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. SPYD - Performance Comparison
In the year-to-date period, BOND achieves a 2.69% return, which is significantly lower than SPYD's 20.15% 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. SPYD - Expense Ratio Comparison
BOND has a 0.57% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
BOND vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.59%, more than SPYD's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.59% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.06% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
BOND vs. SPYD - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for BOND and SPYD. For additional features, visit the drawdowns tool.
Volatility
BOND vs. SPYD - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.51%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.42%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.