GPRF vs. PYLD
GPRF (Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF) and PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) are both exchange-traded funds - GPRF is a Preferred Stock fund tracking the FTSE Goldman Sachs US Preferred Stock and Hybrids Index, while PYLD is a Multisector Bonds fund actively managed by PIMCO. GPRF is passively managed, while PYLD is actively managed. Over the past year, GPRF returned 4.03% vs 4.94% for PYLD. Their 0.48 correlation means their historical movements had little consistent relationship. GPRF charges 0.45%/yr vs 0.55%/yr for PYLD.
Performance
GPRF vs. PYLD - Performance Comparison
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Returns By Period
In the year-to-date period, GPRF achieves a 1.40% return, which is significantly higher than PYLD's 0.98% return.
GPRF
- 1D
- 0.45%
- 1M
- -0.24%
- 6M
- 0.31%
- YTD
- 1.40%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.03%
PYLD
- 1D
- 0.15%
- 1M
- -0.76%
- 6M
- 0.38%
- YTD
- 0.98%
- 1Y
- 4.94%
- 3Y*
- 7.93%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $179.35K | $1.44M | $844.22K | |
| $87.11M | $100.81M | $103.51M |
GPRF vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 1.40% | 6.17% | 2.49% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 0.98% | 9.57% | 2.51% |
Correlation
The correlation between GPRF and PYLD is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024 | 0.48 |
The correlation between GPRF and PYLD has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
GPRF vs. PYLD — Risk / Return Rank
GPRF
PYLD
GPRF vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) 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.
| GPRF | PYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.53 | -0.56 |
| Martin ratioReturn relative to average drawdown | 4.33 | 6.57 | -2.24 |
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Drawdowns
GPRF vs. PYLD - Drawdown Comparison
The maximum GPRF drawdown since its inception was -4.36%, roughly equal to the maximum PYLD drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for GPRF and PYLD.
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Drawdown Indicators
| GPRF | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.36% | -4.52% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -3.25% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.88% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.98% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.64% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.75% | +0.18% |
Volatility
GPRF vs. PYLD - Volatility Comparison
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) has a higher volatility of 0.94% compared to PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 0.88%. This indicates that GPRF's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPRF | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.88% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.73% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.08% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.96% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 3.96% | -0.10% |
GPRF vs. PYLD - Expense Ratio Comparison
GPRF has a 0.45% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Dividends
GPRF vs. PYLD - Dividend Comparison
GPRF's dividend yield for the trailing twelve months is around 5.66%, less than PYLD's 6.44% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 5.66% | 5.38% | 2.10% | 0.00% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 6.44% | 6.21% | 6.40% | 2.72% |
Frequently Asked Questions
GPRF and PYLD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPRF has higher volatility (0.94%) compared to PYLD (0.88%). In terms of maximum drawdown, GPRF dropped -4.36% vs PYLD's -4.52%.
On 1-year performance, PYLD leads with 4.94% vs 4.03% for GPRF. On fees, GPRF is cheaper at 0.45% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PYLD has performed better with a 4.94% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GPRF is cheaper with a 0.45% expense ratio, compared with 0.55% for PYLD.
PYLD has the higher dividend yield at 6.44%, compared with 5.66% for GPRF.
GPRF is categorized as Preferred Stock, while PYLD is Multisector Bonds. They also come from different issuers: Goldman Sachs and PIMCO. Their fees differ too: 0.45% for GPRF and 0.55% for PYLD.
PYLD currently has the higher Sharpe Ratio (1.61 vs 1.10), 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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