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CORP vs. IEF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CORP and IEF is 0.75, 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.


-0.50.00.51.00.8

Performance

CORP vs. IEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares 7-10 Year Treasury Bond ETF (IEF). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%JulyAugustSeptemberOctoberNovemberDecember
60.93%
26.16%
CORP
IEF

Key characteristics

Sharpe Ratio

CORP:

0.66

IEF:

-0.07

Sortino Ratio

CORP:

0.95

IEF:

-0.06

Omega Ratio

CORP:

1.11

IEF:

0.99

Calmar Ratio

CORP:

0.32

IEF:

-0.02

Martin Ratio

CORP:

2.43

IEF:

-0.18

Ulcer Index

CORP:

1.55%

IEF:

2.86%

Daily Std Dev

CORP:

5.74%

IEF:

6.73%

Max Drawdown

CORP:

-21.21%

IEF:

-23.93%

Current Drawdown

CORP:

-5.80%

IEF:

-17.25%

Returns By Period

In the year-to-date period, CORP achieves a 2.48% return, which is significantly higher than IEF's -0.46% return. Over the past 10 years, CORP has outperformed IEF with an annualized return of 2.73%, while IEF has yielded a comparatively lower 0.74% annualized return.


CORP

YTD

2.48%

1M

-0.37%

6M

2.11%

1Y

3.64%

5Y*

0.82%

10Y*

2.73%

IEF

YTD

-0.46%

1M

-0.42%

6M

0.28%

1Y

-0.35%

5Y*

-1.44%

10Y*

0.74%

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CORP vs. IEF - Expense Ratio Comparison

CORP has a 0.20% expense ratio, which is higher than IEF's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


CORP
PIMCO Investment Grade Corporate Bond Index ETF
Expense ratio chart for CORP: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for IEF: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

CORP vs. IEF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.


Sharpe ratio
The chart of Sharpe ratio for CORP, currently valued at 0.66, compared to the broader market0.002.004.000.66-0.07
The chart of Sortino ratio for CORP, currently valued at 0.95, compared to the broader market-2.000.002.004.006.008.0010.000.95-0.06
The chart of Omega ratio for CORP, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.001.110.99
The chart of Calmar ratio for CORP, currently valued at 0.32, compared to the broader market0.005.0010.0015.000.32-0.02
The chart of Martin ratio for CORP, currently valued at 2.43, compared to the broader market0.0020.0040.0060.0080.00100.002.43-0.18
CORP
IEF

The current CORP Sharpe Ratio is 0.66, which is higher than the IEF Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of CORP and IEF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.66
-0.07
CORP
IEF

Dividends

CORP vs. IEF - Dividend Comparison

CORP's dividend yield for the trailing twelve months is around 5.43%, more than IEF's 3.61% yield.


TTM20232022202120202019201820172016201520142013
CORP
PIMCO Investment Grade Corporate Bond Index ETF
5.43%4.84%3.28%2.51%2.90%3.25%3.49%3.08%2.91%3.14%3.55%7.34%
IEF
iShares 7-10 Year Treasury Bond ETF
3.61%2.91%1.96%0.83%1.08%2.08%2.24%1.82%1.81%1.90%2.05%1.77%

Drawdowns

CORP vs. IEF - Drawdown Comparison

The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for CORP and IEF. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-5.80%
-17.25%
CORP
IEF

Volatility

CORP vs. IEF - Volatility Comparison

The current volatility for PIMCO Investment Grade Corporate Bond Index ETF (CORP) is 1.69%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.89%. This indicates that CORP experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.69%
1.89%
CORP
IEF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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