ENR vs. BOND

Last updated Jun 4, 2026

ENR (Energizer Holdings, Inc.) is a stock, while BOND (PIMCO Active Bond ETF) is Intermediate Core-Plus Bond fund actively managed by PIMCO. Over the past 10 years, ENR returned -5.90%/yr vs 2.16%/yr for BOND. At a 0.04 correlation, their price movements are largely independent.

Performance

ENR vs. BOND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Energizer Holdings, Inc. (ENR) and PIMCO Active Bond ETF (BOND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENR achieves a -3.46% return, which is significantly lower than BOND's 0.48% return. Over the past 10 years, ENR has underperformed BOND with an annualized return of -5.90%, while BOND has yielded a comparatively higher 2.16% annualized return.

ENR

• 1D: 1.58%
• 1M: -2.02%
• YTD: -3.46%
• 6M: 3.40%
• 1Y: -11.31%
• 3Y*: -14.52%
• 5Y*: -12.74%
• 10Y*: -5.90%

BOND

• 1D: -0.24%
• 1M: 0.30%
• YTD: 0.48%
• 6M: 0.46%
• 1Y: 6.71%
• 3Y*: 4.99%
• 5Y*: 0.51%
• 10Y*: 2.16%

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

ENR vs. BOND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENR Energizer Holdings, Inc.	-3.46%	-40.09%	14.36%	-2.18%	-13.19%	-2.22%	-13.75%	14.30%	-3.85%	10.10%
BOND PIMCO Active Bond ETF	0.48%	8.39%	2.77%	6.48%	-14.57%	-0.77%	7.80%	8.54%	0.08%	4.76%

Correlation

The correlation between ENR and BOND is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012	0.04

Over the past year, ENR and BOND have become more correlated (0.24) than their long-term average of 0.04, meaning their price movements have been converging.

Return for Risk

ENR vs. BOND — Risk / Return Rank

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

ENR

ENR Risk / Return Rank: 32
ENR Sharpe Ratio Rank: 32
ENR Sortino Ratio Rank: 31
ENR Omega Ratio Rank: 31
ENR Calmar Ratio Rank: 32
ENR Martin Ratio Rank: 33

BOND

BOND Risk / Return Rank: 47
BOND Sharpe Ratio Rank: 48
BOND Sortino Ratio Rank: 50
BOND Omega Ratio Rank: 47
BOND Calmar Ratio Rank: 44
BOND Martin Ratio Rank: 43

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.

ENR vs. BOND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Energizer Holdings, Inc. (ENR) and PIMCO Active Bond ETF (BOND). 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.

	ENR	BOND	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.70	-1.91
Sortino ratio: Return per unit of downside risk	0.04	2.50	-2.46
Omega ratio: Gain probability vs. loss probability	1.01	1.31	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.26	2.23	-2.50
Martin ratio: Return relative to average drawdown	-0.44	7.13	-7.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENR vs. BOND - Sharpe Ratio Comparison

The current ENR Sharpe Ratio is -0.22, which is lower than the BOND Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of ENR and BOND, 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

	ENR	BOND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	1.70	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.09	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	0.43	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.63	-0.61

Drawdowns

ENR vs. BOND - Drawdown Comparison

The maximum ENR drawdown since its inception was -84.00%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for ENR and BOND.

Drawdown Indicators

	ENR	BOND	Difference
Max Drawdown Largest peak-to-trough decline	-84.00%	-19.71%	-64.29%
Max Drawdown (1Y) Largest decline over 1 year	-43.62%	-3.01%	-40.61%
Max Drawdown (3Y) Largest decline over 3 years	-56.12%	-6.12%	-50.00%
Max Drawdown (5Y) Largest decline over 5 years	-56.66%	-19.71%	-36.95%
Max Drawdown (10Y) Largest decline over 10 years	-67.46%	-19.71%	-47.75%
Current Drawdown Current decline from peak	-81.32%	-1.57%	-79.75%
Average Drawdown Average peak-to-trough decline	-40.83%	-3.50%	-37.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.83%	0.94%	+24.89%

Volatility

ENR vs. BOND - Volatility Comparison

Energizer Holdings, Inc. (ENR) has a higher volatility of 16.34% compared to PIMCO Active Bond ETF (BOND) at 1.40%. This indicates that ENR's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENR	BOND	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.34%	1.40%	+14.94%
Volatility (6M) Calculated over the trailing 6-month period	33.01%	2.88%	+30.13%
Volatility (1Y) Calculated over the trailing 1-year period	52.61%	3.97%	+48.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.39%	5.76%	+29.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.46%	5.09%	+31.37%

Dividends

ENR vs. BOND - Dividend Comparison

ENR's dividend yield for the trailing twelve months is around 6.45%, more than BOND's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOND PIMCO Active Bond ETF	5.19%	5.11%	5.02%	4.06%	3.44%	2.58%	2.66%	3.38%	3.18%	2.87%	2.85%	4.14%
ENR Energizer Holdings, Inc.	6.45%	6.03%	3.44%	3.79%	3.58%	2.99%	2.84%	2.39%	2.59%	2.32%	2.30%	2.94%

Frequently Asked Questions

Can I hold both ENR and BOND in my portfolio?

ENR and BOND have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENR or BOND?

ENR has higher volatility (16.34%) compared to BOND (1.40%). In terms of maximum drawdown, ENR dropped -84.00% vs BOND's -19.71%.

Which has better risk-adjusted returns?

BOND currently has the higher Sharpe Ratio (1.70 vs -0.22), 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.