BYLD vs. BOND
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and PIMCO Active Bond ETF (BOND).
BYLD and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BYLD or BOND.
Key characteristics
| BYLD | BOND | |
|---|---|---|
| YTD Return | -0.46% | -1.53% |
| 1Y Return | 4.72% | 1.31% |
| 3Y Return (Ann) | -0.69% | -3.07% |
| 5Y Return (Ann) | 1.29% | 0.23% |
| 10Y Return (Ann) | 2.25% | 1.71% |
| Sharpe Ratio | 0.91 | 0.28 |
| Daily Std Dev | 5.39% | 6.27% |
| Max Drawdown | -14.75% | -19.71% |
| Current Drawdown | -4.17% | -10.99% |
Correlation
The correlation between BYLD and BOND is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BYLD vs. BOND - Performance Comparison
In the year-to-date period, BYLD achieves a -0.46% return, which is significantly higher than BOND's -1.53% return. Over the past 10 years, BYLD has outperformed BOND with an annualized return of 2.25%, while BOND has yielded a comparatively lower 1.71% 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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BYLD vs. BOND - Expense Ratio Comparison
BYLD has a 0.20% expense ratio, which is lower than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
BYLD vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and PIMCO Active Bond ETF (BOND). 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
BYLD vs. BOND - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 4.78%, less than BOND's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 4.78% | 4.81% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% | 0.00% |
BOND PIMCO Active Bond ETF | 5.25% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
Drawdowns
BYLD vs. BOND - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for BYLD and BOND. For additional features, visit the drawdowns tool.
Volatility
BYLD vs. BOND - Volatility Comparison
The current volatility for iShares Yield Optimized Bond ETF (BYLD) is 1.87%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.97%. This indicates that BYLD experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.