CORP vs. BOND
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and PIMCO Active Bond ETF (BOND).
CORP and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CORP is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Corporate. It was launched on Sep 20, 2010. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
CORP vs. BOND - Performance Comparison
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CORP vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | -0.32% | 7.96% | 2.47% | 9.13% | -14.96% | -1.18% | 9.70% | 14.80% | -3.29% | 6.56% |
BOND PIMCO Active Bond ETF | -0.02% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Returns By Period
In the year-to-date period, CORP achieves a -0.32% return, which is significantly lower than BOND's -0.02% return. Over the past 10 years, CORP has outperformed BOND with an annualized return of 2.89%, while BOND has yielded a comparatively lower 2.24% annualized return.
CORP
- 1D
- 0.53%
- 1M
- -1.93%
- YTD
- -0.32%
- 6M
- 0.49%
- 1Y
- 4.97%
- 3Y*
- 4.93%
- 5Y*
- 1.05%
- 10Y*
- 2.89%
BOND
- 1D
- 0.25%
- 1M
- -2.06%
- YTD
- -0.02%
- 6M
- 1.43%
- 1Y
- 5.07%
- 3Y*
- 4.76%
- 5Y*
- 0.62%
- 10Y*
- 2.24%
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CORP vs. BOND - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is lower than BOND's 0.54% expense ratio.
Return for Risk
CORP vs. BOND — Risk / Return Rank
CORP
BOND
CORP vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) 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.
| CORP | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.08 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.51 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.58 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.39 | 4.65 | +0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORP | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.08 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.11 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.44 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.63 | -0.08 |
Correlation
The correlation between CORP and BOND 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.
Dividends
CORP vs. BOND - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 4.86%, less than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 4.86% | 4.77% | 4.74% | 4.12% | 3.28% | 2.51% | 2.90% | 3.25% | 3.18% | 3.08% | 2.91% | 3.14% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
CORP vs. BOND - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for CORP and BOND.
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Drawdown Indicators
| CORP | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -19.71% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -3.29% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -19.71% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -19.71% | -1.50% |
Current DrawdownCurrent decline from peak | -1.93% | -2.06% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -3.53% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.12% | -0.16% |
Volatility
CORP vs. BOND - Volatility Comparison
PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a higher volatility of 1.95% compared to PIMCO Active Bond ETF (BOND) at 1.82%. This indicates that CORP's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORP | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 1.82% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.70% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 4.72% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 5.73% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 5.07% | +2.00% |