GBF vs. PIFI
Compare and contrast key facts about iShares Government/Credit Bond ETF (GBF) and ClearShares Piton Intermediate Fixed Income ETF (PIFI).
GBF and PIFI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBF is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Government/Credit Bond Index. It was launched on Jan 11, 2007. PIFI is an actively managed fund by ClearShares. It was launched on Oct 1, 2020.
Performance
GBF vs. PIFI - Performance Comparison
Loading graphics...
GBF vs. PIFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBF iShares Government/Credit Bond ETF | 0.09% | 6.41% | 0.99% | 5.79% | -13.85% | -2.30% | 0.90% |
PIFI ClearShares Piton Intermediate Fixed Income ETF | 0.02% | 6.29% | 2.52% | 4.61% | -7.15% | -1.33% | 0.10% |
Returns By Period
In the year-to-date period, GBF achieves a 0.09% return, which is significantly higher than PIFI's 0.02% return.
GBF
- 1D
- -0.01%
- 1M
- -1.35%
- YTD
- 0.09%
- 6M
- 0.44%
- 1Y
- 3.51%
- 3Y*
- 3.20%
- 5Y*
- -0.04%
- 10Y*
- 1.58%
PIFI
- 1D
- -0.09%
- 1M
- -0.93%
- YTD
- 0.02%
- 6M
- 0.81%
- 1Y
- 3.88%
- 3Y*
- 3.66%
- 5Y*
- 1.18%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GBF vs. PIFI - Expense Ratio Comparison
GBF has a 0.20% expense ratio, which is lower than PIFI's 0.45% expense ratio.
Return for Risk
GBF vs. PIFI — Risk / Return Rank
GBF
PIFI
GBF vs. PIFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Government/Credit Bond ETF (GBF) and ClearShares Piton Intermediate Fixed Income ETF (PIFI). 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.
| GBF | PIFI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.35 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.19 | 2.02 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.19 | -0.66 |
Martin ratioReturn relative to average drawdown | 4.29 | 7.59 | -3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GBF | PIFI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.35 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.33 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.23 | +0.35 |
Correlation
The correlation between GBF and PIFI is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GBF vs. PIFI - Dividend Comparison
GBF's dividend yield for the trailing twelve months is around 3.77%, which matches PIFI's 3.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBF iShares Government/Credit Bond ETF | 3.77% | 3.81% | 3.94% | 3.03% | 2.13% | 1.22% | 1.64% | 2.64% | 2.59% | 2.31% | 2.09% | 2.04% |
PIFI ClearShares Piton Intermediate Fixed Income ETF | 3.75% | 3.16% | 2.92% | 2.29% | 1.22% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBF vs. PIFI - Drawdown Comparison
The maximum GBF drawdown since its inception was -19.67%, which is greater than PIFI's maximum drawdown of -10.59%. Use the drawdown chart below to compare losses from any high point for GBF and PIFI.
Loading graphics...
Drawdown Indicators
| GBF | PIFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.67% | -10.59% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -1.85% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.45% | -10.41% | -8.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | — | — |
Current DrawdownCurrent decline from peak | -4.96% | -1.30% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -3.29% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.53% | +0.36% |
Volatility
GBF vs. PIFI - Volatility Comparison
iShares Government/Credit Bond ETF (GBF) has a higher volatility of 1.64% compared to ClearShares Piton Intermediate Fixed Income ETF (PIFI) at 1.11%. This indicates that GBF's price experiences larger fluctuations and is considered to be riskier than PIFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GBF | PIFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.11% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 1.77% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 2.88% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 3.64% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 3.51% | +1.76% |