CORP vs. MUNI
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
CORP and MUNI 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. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
CORP vs. MUNI - Performance Comparison
Loading graphics...
CORP vs. MUNI - 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% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.11% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 4.86% |
Returns By Period
In the year-to-date period, CORP achieves a -0.32% return, which is significantly lower than MUNI's 0.11% return. Over the past 10 years, CORP has outperformed MUNI with an annualized return of 2.89%, while MUNI has yielded a comparatively lower 2.17% 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%
MUNI
- 1D
- 0.16%
- 1M
- -1.90%
- YTD
- 0.11%
- 6M
- 1.47%
- 1Y
- 4.63%
- 3Y*
- 3.33%
- 5Y*
- 1.30%
- 10Y*
- 2.17%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CORP vs. MUNI - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
CORP vs. MUNI — Risk / Return Rank
CORP
MUNI
CORP vs. MUNI - 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 Intermediate Municipal Bond Active ETF (MUNI). 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 | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.21 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.62 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.65 | +0.10 |
Martin ratioReturn relative to average drawdown | 5.39 | 5.54 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CORP | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.21 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.40 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.56 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.77 | -0.21 |
Correlation
The correlation between CORP and MUNI is 0.48, 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.
Dividends
CORP vs. MUNI - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 4.86%, more than MUNI's 3.28% 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% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.28% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Drawdowns
CORP vs. MUNI - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for CORP and MUNI.
Loading graphics...
Drawdown Indicators
| CORP | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -11.15% | -10.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -2.93% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -11.15% | -10.06% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -11.15% | -10.06% |
Current DrawdownCurrent decline from peak | -1.93% | -1.90% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -1.74% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.87% | +0.09% |
Volatility
CORP vs. MUNI - Volatility Comparison
PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a higher volatility of 1.95% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.10%. This indicates that CORP's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CORP | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 1.10% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.51% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 3.86% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 3.30% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 3.85% | +3.22% |