EMNT vs. BND
EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - EMNT is a Ultrashort Bond fund actively managed by PIMCO, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. EMNT is actively managed, while BND is passively managed. Over the past 5 years, EMNT returned 3.51%/yr vs -0.22%/yr for BND. At a 0.38 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.03%/yr for BND.
Performance
EMNT vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, EMNT achieves a 2.06% return, which is significantly higher than BND's -0.17% return.
EMNT
- 1D
- -0.01%
- 1M
- 0.28%
- 6M
- 1.93%
- YTD
- 2.06%
- 1Y
- 4.28%
- 3Y*
- 5.15%
- 5Y*
- 3.51%
- 10Y*
- —
BND
- 1D
- -0.37%
- 1M
- -0.68%
- 6M
- -0.37%
- YTD
- -0.17%
- 1Y
- 3.58%
- 3Y*
- 3.76%
- 5Y*
- -0.22%
- 10Y*
- 1.43%
EMNT vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 2.06% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.06% |
BND Vanguard Total Bond Market ETF | -0.17% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | -0.19% |
Correlation
The correlation between EMNT and BND is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | 0.38 |
The correlation between EMNT and BND shifts across timeframes, from 0.29 (3 years) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNT vs. BND — Risk / Return Rank
EMNT
BND
EMNT vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and Vanguard Total Bond Market ETF (BND). 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.
| EMNT | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.34 | ||
| Sortino ratioReturn per unit of downside risk | +15.47 | ||
| Omega ratioGain probability vs. loss probability | 4.64 | 1.17 | +3.47 |
| Calmar ratioReturn relative to maximum drawdown | 32.72 | 1.34 | +31.37 |
| Martin ratioReturn relative to average drawdown | 202.57 | 3.72 | +198.85 |
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Drawdowns
EMNT vs. BND - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for EMNT and BND.
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Drawdown Indicators
| EMNT | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -18.58% | +16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -2.68% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -5.92% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -1.70% | -17.91% | +16.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.01% | -2.79% | +2.78% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -3.06% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.97% | -0.95% |
Volatility
EMNT vs. BND - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) is 0.22%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.24%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNT | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 1.24% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.40% | 2.86% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.46% | 3.72% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 6.03% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 5.53% | -4.67% |
EMNT vs. BND - Expense Ratio Comparison
EMNT has a 0.24% expense ratio, which is higher than BND'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%.
Dividends
EMNT vs. BND - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 3.94%, less than BND's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.01% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 3.94% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNT and BND have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.24%) compared to EMNT (0.22%). In terms of maximum drawdown, EMNT dropped -2.28% vs BND's -18.58%.
On 5-year performance, EMNT leads with 3.51% vs -0.22% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, EMNT has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMNT has performed better with a 3.51% return vs -0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.24% for EMNT.
BND has the higher dividend yield at 4.01%, compared with 3.94% for EMNT.
EMNT is categorized as Ultrashort Bond, while BND is Total Bond Market. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.24% for EMNT and 0.03% for BND.
EMNT currently has the higher Sharpe Ratio (9.31 vs 0.97), 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.
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