BOND vs. TLT
Compare and contrast key facts about PIMCO Active Bond ETF (BOND) and iShares 20+ Year Treasury Bond ETF (TLT).
BOND and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOND or TLT.
Key characteristics
| BOND | TLT | |
|---|---|---|
| YTD Return | -1.98% | -9.08% |
| 1Y Return | 1.59% | -12.42% |
| 3Y Return (Ann) | -3.25% | -11.76% |
| 5Y Return (Ann) | 0.19% | -4.17% |
| 10Y Return (Ann) | 1.71% | 0.20% |
| Sharpe Ratio | 0.31 | -0.67 |
| Daily Std Dev | 6.36% | 17.25% |
| Max Drawdown | -19.71% | -48.35% |
| Current Drawdown | -11.39% | -43.35% |
Correlation
The correlation between BOND and TLT is 0.76, 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. TLT - Performance Comparison
In the year-to-date period, BOND achieves a -1.98% return, which is significantly higher than TLT's -9.08% return. Over the past 10 years, BOND has outperformed TLT with an annualized return of 1.71%, while TLT has yielded a comparatively lower 0.20% 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. TLT - Expense Ratio Comparison
BOND has a 0.57% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
BOND vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.16%, more than TLT's 3.89% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 3.89% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
BOND vs. TLT - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BOND and TLT. For additional features, visit the drawdowns tool.
Volatility
BOND vs. TLT - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.89%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.24%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.