DUSB vs. BILZ

Last updated Jun 4, 2026

DUSB (Dimensional Ultrashort Fixed Income ETF) and BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) are both Ultrashort Bond funds. Both are actively managed. Over the past year, DUSB returned 4.31% vs 3.91% for BILZ. At a 0.01 correlation, their price movements are largely independent. DUSB charges 0.15%/yr vs 0.14%/yr for BILZ.

Performance

DUSB vs. BILZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Ultrashort Fixed Income ETF (DUSB) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSB achieves a 1.68% return, which is significantly higher than BILZ's 1.47% return.

DUSB

• 1D: 0.02%
• 1M: 0.34%
• YTD: 1.68%
• 6M: 1.97%
• 1Y: 4.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILZ

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.47%
• 6M: 1.76%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUSB vs. BILZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUSB Dimensional Ultrashort Fixed Income ETF	1.68%	4.53%	5.60%	1.79%
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	1.47%	4.21%	5.25%	1.45%

Correlation

The correlation between DUSB and BILZ is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.01

Return for Risk

DUSB vs. BILZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUSB

DUSB Risk / Return Rank: 99
DUSB Sharpe Ratio Rank: 99
DUSB Sortino Ratio Rank: 100
DUSB Omega Ratio Rank: 99
DUSB Calmar Ratio Rank: 99
DUSB Martin Ratio Rank: 100

BILZ

BILZ Risk / Return Rank: 100
BILZ Sharpe Ratio Rank: 100
BILZ Sortino Ratio Rank: 100
BILZ Omega Ratio Rank: 100
BILZ Calmar Ratio Rank: 100
BILZ Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUSB vs. BILZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Ultrashort Fixed Income ETF (DUSB) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). 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.

	DUSB	BILZ	Difference
Sharpe ratio: Return per unit of total volatility	10.10	19.09	-8.99
Sortino ratio: Return per unit of downside risk	24.10	125.25	-101.15
Omega ratio: Gain probability vs. loss probability	4.87	53.31	-48.44
Calmar ratio: Return relative to maximum drawdown	55.00	198.55	-143.55
Martin ratio: Return relative to average drawdown	332.80	2,000.92	-1,668.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUSB vs. BILZ - Sharpe Ratio Comparison

The current DUSB Sharpe Ratio is 10.10, which is lower than the BILZ Sharpe Ratio of 19.09. The chart below compares the historical Sharpe Ratios of DUSB and BILZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DUSB	BILZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.10	19.09	-8.99
Sharpe Ratio (All Time) Calculated using the full available price history	9.88	10.48	-0.60

Drawdowns

DUSB vs. BILZ - Drawdown Comparison

The maximum DUSB drawdown since its inception was -0.29%, smaller than the maximum BILZ drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for DUSB and BILZ.

Drawdown Indicators

	DUSB	BILZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.29%	-0.52%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	-0.02%	-0.06%
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.01%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.00%	+0.01%

Volatility

DUSB vs. BILZ - Volatility Comparison

Dimensional Ultrashort Fixed Income ETF (DUSB) has a higher volatility of 0.13% compared to PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) at 0.07%. This indicates that DUSB's price experiences larger fluctuations and is considered to be riskier than BILZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSB	BILZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.13%	0.07%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	0.30%	0.14%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	0.43%	0.21%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.52%	0.43%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.52%	0.43%	+0.09%

DUSB vs. BILZ - Expense Ratio Comparison

DUSB has a 0.15% expense ratio, which is higher than BILZ's 0.14% 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%.

Dividends

DUSB vs. BILZ - Dividend Comparison

DUSB's dividend yield for the trailing twelve months is around 4.06%, which matches BILZ's 4.07% yield.

Position	TTM	2025	2024	2023
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	4.07%	4.19%	4.95%	2.23%
DUSB Dimensional Ultrashort Fixed Income ETF	4.06%	4.32%	4.92%	1.23%

Frequently Asked Questions

Can I hold both DUSB and BILZ in my portfolio?

DUSB and BILZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSB or BILZ?

DUSB has higher volatility (0.13%) compared to BILZ (0.07%). In terms of maximum drawdown, DUSB dropped -0.29% vs BILZ's -0.52%.

Which ETF is better, DUSB or BILZ?

On 1-year performance, DUSB leads with 4.31% vs 3.91% for BILZ. On fees, BILZ is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSB or BILZ?

Over the 1-year period, DUSB has performed better with a 4.31% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSB or BILZ?

BILZ is cheaper with a 0.14% expense ratio, compared with 0.15% for DUSB.

Which ETF pays a higher dividend yield, DUSB or BILZ?

BILZ has the higher dividend yield at 4.07%, compared with 4.06% for DUSB.

What is the main difference between DUSB and BILZ?

They also come from different issuers: Dimensional and PIMCO. Their fees differ too: 0.15% for DUSB and 0.14% for BILZ.

Which has better risk-adjusted returns?

BILZ currently has the higher Sharpe Ratio (19.09 vs 10.10), 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.