EMNT vs. VCSH
Compare and contrast key facts about PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) and Vanguard Short-Term Corporate Bond ETF (VCSH).
EMNT and VCSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMNT or VCSH.
Performance
EMNT vs. VCSH - Performance Comparison
Returns By Period
In the year-to-date period, EMNT achieves a 5.16% return, which is significantly higher than VCSH's 4.38% return.
EMNT
5.16%
0.30%
2.78%
6.03%
N/A
N/A
VCSH
4.38%
-0.60%
3.49%
7.22%
1.90%
2.29%
Key characteristics
| EMNT | VCSH | |
|---|---|---|
| Sharpe Ratio | 5.03 | 3.03 |
| Sortino Ratio | 7.80 | 4.83 |
| Omega Ratio | 4.52 | 1.62 |
| Calmar Ratio | 8.29 | 2.17 |
| Martin Ratio | 124.81 | 17.18 |
| Ulcer Index | 0.05% | 0.44% |
| Daily Std Dev | 1.20% | 2.48% |
| Max Drawdown | -2.28% | -12.86% |
| Current Drawdown | 0.00% | -1.07% |
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EMNT vs. VCSH - Expense Ratio Comparison
EMNT has a 0.27% expense ratio, which is higher than VCSH's 0.04% 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%.
Correlation
The correlation between EMNT and VCSH is 0.42, 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.
Risk-Adjusted Performance
EMNT vs. VCSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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
EMNT vs. VCSH - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 5.17%, more than VCSH's 3.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.17% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.82% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
EMNT vs. VCSH - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for EMNT and VCSH. For additional features, visit the drawdowns tool.
Volatility
EMNT vs. VCSH - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) is 0.20%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.66%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.