EMNT vs. VRIG
Compare and contrast key facts about PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) and Invesco Variable Rate Investment Grade ETF (VRIG).
EMNT and VRIG 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. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMNT or VRIG.
Key characteristics
| EMNT | VRIG | |
|---|---|---|
| YTD Return | 2.08% | 2.60% |
| 1Y Return | 5.85% | 7.61% |
| 3Y Return (Ann) | 2.46% | 3.75% |
| Sharpe Ratio | 4.96 | 8.80 |
| Daily Std Dev | 1.18% | 0.86% |
| Max Drawdown | -2.28% | -13.04% |
| Current Drawdown | -0.01% | 0.00% |
Correlation
The correlation between EMNT and VRIG is 0.09, 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
EMNT vs. VRIG - Performance Comparison
In the year-to-date period, EMNT achieves a 2.08% return, which is significantly lower than VRIG's 2.60% 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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EMNT vs. VRIG - Expense Ratio Comparison
EMNT has a 0.27% expense ratio, which is lower than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
EMNT vs. VRIG - 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 Invesco Variable Rate Investment Grade ETF (VRIG). 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. VRIG - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 5.05%, less than VRIG's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.05% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% |
VRIG Invesco Variable Rate Investment Grade ETF | 6.26% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% |
Drawdowns
EMNT vs. VRIG - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum VRIG drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for EMNT and VRIG. For additional features, visit the drawdowns tool.
Volatility
EMNT vs. VRIG - Volatility Comparison
PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) and Invesco Variable Rate Investment Grade ETF (VRIG) have volatilities of 0.17% and 0.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.