CORP vs. IEF
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares 7-10 Year Treasury Bond ETF (IEF).
CORP and IEF 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. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002. Both CORP and IEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CORP or IEF.
Correlation
The correlation between CORP and IEF 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
CORP vs. IEF - Performance Comparison
Key characteristics
CORP:
1.10
IEF:
0.53
CORP:
1.60
IEF:
0.80
CORP:
1.19
IEF:
1.09
CORP:
0.52
IEF:
0.17
CORP:
3.53
IEF:
1.12
CORP:
1.74%
IEF:
3.08%
CORP:
5.60%
IEF:
6.44%
CORP:
-21.21%
IEF:
-23.92%
CORP:
-4.51%
IEF:
-16.35%
Returns By Period
In the year-to-date period, CORP achieves a 1.37% return, which is significantly higher than IEF's 1.26% return. Over the past 10 years, CORP has outperformed IEF with an annualized return of 2.72%, while IEF has yielded a comparatively lower 0.71% annualized return.
CORP
1.37%
1.59%
0.36%
5.51%
0.57%
2.72%
IEF
1.26%
1.58%
-2.07%
2.77%
-1.78%
0.71%
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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%.
Risk-Adjusted Performance
CORP vs. IEF — Risk-Adjusted Performance Rank
CORP
IEF
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.
Dividends
CORP vs. IEF - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 4.74%, more than IEF's 3.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 4.74% | 4.74% | 4.84% | 3.28% | 2.51% | 2.90% | 3.25% | 3.49% | 3.08% | 2.91% | 3.14% | 3.55% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.65% | 3.62% | 2.92% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% | 2.05% |
Drawdowns
CORP vs. IEF - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum IEF drawdown of -23.92%. Use the drawdown chart below to compare losses from any high point for CORP and IEF. For additional features, visit the drawdowns tool.
Volatility
CORP vs. IEF - Volatility Comparison
The current volatility for PIMCO Investment Grade Corporate Bond Index ETF (CORP) is 1.54%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.63%. 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.