FKSAX vs. PYLD
FKSAX (Franklin Core Plus Bond Fund Advisor Class) and PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) are both funds - FKSAX is a Intermediate Core-Plus Bond fund actively managed by Franklin Templeton, while PYLD is a Multisector Bonds fund actively managed by PIMCO. Both are actively managed. Over the past 3 years, FKSAX returned 4.98%/yr vs 8.06%/yr for PYLD. Their correlation of 0.87 suggests significant overlap in exposure. FKSAX charges 0.47%/yr vs 0.55%/yr for PYLD.
Performance
FKSAX vs. PYLD - Performance Comparison
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Returns By Period
In the year-to-date period, FKSAX achieves a 0.32% return, which is significantly lower than PYLD's 1.41% return.
FKSAX
- 1D
- -0.36%
- 1M
- 0.61%
- YTD
- 0.32%
- 6M
- 0.45%
- 1Y
- 4.49%
- 3Y*
- 4.98%
- 5Y*
- 1.50%
- 10Y*
- 2.83%
PYLD
- 1D
- 0.23%
- 1M
- 0.93%
- YTD
- 1.41%
- 6M
- 1.60%
- 1Y
- 6.83%
- 3Y*
- 8.06%
- 5Y*
- —
- 10Y*
- —
FKSAX vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FKSAX Franklin Core Plus Bond Fund Advisor Class | 0.32% | 6.16% | 3.53% | 4.81% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 1.41% | 9.57% | 7.69% | 5.46% |
Correlation
The correlation between FKSAX and PYLD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.87 |
The correlation between FKSAX and PYLD has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
FKSAX vs. PYLD — Risk / Return Rank
FKSAX
PYLD
FKSAX vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Core Plus Bond Fund Advisor Class (FKSAX) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.
| FKSAX | PYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.11 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.39 | 9.56 | -5.17 |
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Drawdowns
FKSAX vs. PYLD - Drawdown Comparison
The maximum FKSAX drawdown since its inception was -18.98%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for FKSAX and PYLD.
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Drawdown Indicators
| FKSAX | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -4.52% | -14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -3.25% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.44% | -4.52% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -14.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.50% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.30% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -0.64% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.72% | +0.33% |
Volatility
FKSAX vs. PYLD - Volatility Comparison
Franklin Core Plus Bond Fund Advisor Class (FKSAX) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) have volatilities of 1.07% and 1.07%, 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.
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Volatility by Period
| FKSAX | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.07% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.62% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.08% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 3.99% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 3.99% | +0.14% |
FKSAX vs. PYLD - Expense Ratio Comparison
FKSAX has a 0.47% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Dividends
FKSAX vs. PYLD - Dividend Comparison
FKSAX's dividend yield for the trailing twelve months is around 4.19%, less than PYLD's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKSAX Franklin Core Plus Bond Fund Advisor Class | 4.19% | 3.54% | 4.98% | 4.38% | 4.62% | 3.87% | 4.17% | 4.71% | 4.57% | 2.50% | 2.72% | 5.07% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 6.27% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FKSAX and PYLD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYLD has higher volatility (1.07%) compared to FKSAX (1.07%). In terms of maximum drawdown, FKSAX dropped -18.98% vs PYLD's -4.52%.
PYLD currently has the higher Sharpe Ratio (2.23 vs 1.28), 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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