CORP vs. IVV
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares Core S&P 500 ETF (IVV).
CORP and IVV 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both CORP and IVV 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 IVV.
Key characteristics
| CORP | IVV | |
|---|---|---|
| YTD Return | -2.37% | 6.73% |
| 1Y Return | 2.78% | 24.46% |
| 3Y Return (Ann) | -2.37% | 8.33% |
| 5Y Return (Ann) | 1.43% | 13.51% |
| 10Y Return (Ann) | 2.50% | 12.59% |
| Sharpe Ratio | 0.46 | 2.09 |
| Daily Std Dev | 6.93% | 11.80% |
| Max Drawdown | -21.21% | -55.25% |
| Current Drawdown | -10.26% | -3.34% |
Correlation
The correlation between CORP and IVV is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CORP vs. IVV - Performance Comparison
In the year-to-date period, CORP achieves a -2.37% return, which is significantly lower than IVV's 6.73% return. Over the past 10 years, CORP has underperformed IVV with an annualized return of 2.50%, while IVV has yielded a comparatively higher 12.59% 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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CORP vs. IVV - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is higher than IVV's 0.03% 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. IVV - 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 Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 5.11%, more than IVV's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 5.11% | 4.84% | 3.28% | 2.51% | 2.90% | 3.25% | 3.49% | 3.08% | 2.91% | 3.14% | 3.55% | 7.34% |
IVV iShares Core S&P 500 ETF | 1.36% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
CORP vs. IVV - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CORP and IVV. For additional features, visit the drawdowns tool.
Volatility
CORP vs. IVV - Volatility Comparison
The current volatility for PIMCO Investment Grade Corporate Bond Index ETF (CORP) is 2.42%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.56%. This indicates that CORP experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.