DOW vs. PYLD

Last updated Aug 6, 2026

DOW (Dow Inc.) is a stock, while PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) is Multisector Bonds fund actively managed by PIMCO. Over the past 3 years, DOW returned -13.47%/yr vs 8.15%/yr for PYLD. Their 0.07 correlation means their historical movements had little consistent relationship.

Performance

DOW vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Inc. (DOW) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOW achieves a 29.71% return, which is significantly higher than PYLD's 1.60% return.

DOW

• 1D: -2.18%
• 1M: 8.56%
• 6M: -6.40%
• YTD: 29.71%
• 1Y: 39.51%
• 3Y*: -13.47%
• 5Y*: -8.87%
• 10Y*: —
• ALL TIME*: -2.35%

PYLD

• 1D: 0.04%
• 1M: -0.22%
• 6M: 1.03%
• YTD: 1.60%
• 1Y: 5.34%
• 3Y*: 8.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DOW Dow Inc.	$339.02M	$315.56M	$369.85M
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	$89.82M	$101.22M	$104.42M

DOW vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DOW Dow Inc.	29.71%	-37.38%	-22.79%	8.53%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	1.60%	9.57%	7.69%	5.46%

Correlation

The correlation between DOW and PYLD is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (3Y) Balances recent behavior with more history.	0.06
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.07

The correlation between DOW and PYLD shifts across timeframes, from -0.09 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DOW vs. PYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DOW

DOW Risk / Return Rank: 69
DOW Sharpe Ratio Rank: 71
DOW Sortino Ratio Rank: 69
DOW Omega Ratio Rank: 66
DOW Calmar Ratio Rank: 67
DOW Martin Ratio Rank: 70

PYLD

PYLD Risk / Return Rank: 58
PYLD Sharpe Ratio Rank: 64
PYLD Sortino Ratio Rank: 66
PYLD Omega Ratio Rank: 68
PYLD Calmar Ratio Rank: 41
PYLD Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DOW vs. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DOW	PYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.72	-0.84
Sortino ratio: Return per unit of downside risk	1.56	2.49	-0.93
Omega ratio: Gain probability vs. loss probability	1.18	1.32	-0.15
Calmar ratio: Return relative to maximum drawdown	1.14	1.65	-0.51
Martin ratio: Return relative to average drawdown	2.99	7.11	-4.12

DOW vs. PYLD - Sharpe Ratio Comparison

The current DOW Sharpe Ratio is 0.88, which is lower than the PYLD Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of DOW and PYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DOW vs. PYLD - Drawdown Comparison

The maximum DOW drawdown since its inception was -64.37%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for DOW and PYLD.

Drawdown Indicators

	DOW	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	-64.37%	-4.52%	-59.85%
Max Drawdown (1Y) Largest decline over 1 year	-34.81%	-3.25%	-31.56%
Max Drawdown (3Y) Largest decline over 3 years	-62.16%	-3.88%	-58.28%
Max Drawdown (5Y) Largest decline over 5 years	-64.37%	—	—
Current Drawdown Current decline from peak	-46.70%	-0.37%	-46.33%
Average Drawdown Average peak-to-trough decline	-23.25%	-0.64%	-22.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.28%	0.75%	+12.53%

Volatility

DOW vs. PYLD - Volatility Comparison

Dow Inc. (DOW) has a higher volatility of 10.97% compared to PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.03%. This indicates that DOW's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOW	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.97%	1.03%	+9.94%
Volatility (6M) Calculated over the trailing 6-month period	32.25%	2.79%	+29.46%
Volatility (1Y) Calculated over the trailing 1-year period	45.08%	3.12%	+41.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.90%	3.97%	+29.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.67%	3.97%	+34.70%

Dividends

DOW vs. PYLD - Dividend Comparison

DOW's dividend yield for the trailing twelve months is around 4.72%, less than PYLD's 6.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DOW Dow Inc.	4.72%	8.98%	6.98%	5.11%	5.56%	4.94%	5.05%	3.84%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	6.40%	6.21%	6.40%	2.72%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DOW and PYLD in my portfolio?

DOW and PYLD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOW or PYLD?

DOW has higher volatility (10.97%) compared to PYLD (1.03%). In terms of maximum drawdown, DOW dropped -64.37% vs PYLD's -4.52%.

Which has better risk-adjusted returns?

PYLD currently has the higher Sharpe Ratio (1.72 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.