CORP vs. VGOV.L
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.L).
CORP and VGOV.L 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. VGOV.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 22, 2012. Both CORP and VGOV.L 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 VGOV.L.
Key characteristics
| CORP | VGOV.L | |
|---|---|---|
| YTD Return | -1.83% | 181.31% |
| 1Y Return | 2.86% | 1,967.39% |
| 3Y Return (Ann) | -2.18% | 695.48% |
| 5Y Return (Ann) | 1.48% | 485.22% |
| 10Y Return (Ann) | 2.56% | 236.51% |
| Sharpe Ratio | 0.48 | 16.53 |
| Daily Std Dev | 6.95% | 118.82% |
| Max Drawdown | -21.21% | -50.00% |
| Current Drawdown | -9.76% | -1.81% |
Correlation
The correlation between CORP and VGOV.L is 0.35, 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. VGOV.L - Performance Comparison
In the year-to-date period, CORP achieves a -1.83% return, which is significantly lower than VGOV.L's 181.31% return. Over the past 10 years, CORP has underperformed VGOV.L with an annualized return of 2.56%, while VGOV.L has yielded a comparatively higher 236.51% 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. VGOV.L - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is higher than VGOV.L's 0.07% 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. VGOV.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.L). 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. VGOV.L - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 5.08%, less than VGOV.L's 124.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 5.08% | 4.84% | 3.28% | 2.51% | 2.90% | 3.25% | 3.49% | 3.08% | 2.91% | 3.14% | 3.55% | 7.34% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 124.86% | 30.62% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 162.39% | 192.39% | 205.24% | 190.47% |
Drawdowns
CORP vs. VGOV.L - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum VGOV.L drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for CORP and VGOV.L. For additional features, visit the drawdowns tool.
Volatility
CORP vs. VGOV.L - Volatility Comparison
The current volatility for PIMCO Investment Grade Corporate Bond Index ETF (CORP) is 2.49%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) has a volatility of 35.51%. This indicates that CORP experiences smaller price fluctuations and is considered to be less risky than VGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.