HIDE vs. SPLS

Last updated Jul 14, 2026

HIDE (Alpha Architect High Inflation And Deflation ETF) and SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) are both Diversified Portfolio funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. HIDE charges 0.29%/yr vs 0.18%/yr for SPLS.

Performance

HIDE vs. SPLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect High Inflation And Deflation ETF (HIDE) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HIDE

• 1D: 0.39%
• 1M: -0.11%
• 6M: 5.42%
• YTD: 6.44%
• 1Y: 9.72%
• 3Y*: 4.24%
• 5Y*: —
• 10Y*: —

SPLS

• 1D: -0.91%
• 1M: 1.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIDE vs. SPLS - Yearly Performance Comparison

	2026 (YTD)
HIDE Alpha Architect High Inflation And Deflation ETF	5.08%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	9.04%

Correlation

The correlation between HIDE and SPLS is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	-0.04

Return for Risk

HIDE vs. SPLS — Risk / Return Rank

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

HIDE

HIDE Risk / Return Rank: 78
HIDE Sharpe Ratio Rank: 82
HIDE Sortino Ratio Rank: 81
HIDE Omega Ratio Rank: 86
HIDE Calmar Ratio Rank: 73
HIDE Martin Ratio Rank: 68

SPLS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HIDE vs. SPLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect High Inflation And Deflation ETF (HIDE) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). 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.

	HIDE	SPLS	Difference
Sharpe ratio: Return per unit of total volatility	2.07	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.95	—	—
Martin ratio: Return relative to average drawdown	9.73	—	—

Drawdowns

HIDE vs. SPLS - Drawdown Comparison

The maximum HIDE drawdown since its inception was -5.15%, smaller than the maximum SPLS drawdown of -9.24%. Use the drawdown chart below to compare losses from any high point for HIDE and SPLS.

Drawdown Indicators

	HIDE	SPLS	Difference
Max Drawdown Largest peak-to-trough decline	-5.15%	-9.24%	+4.09%
Max Drawdown (1Y) Largest decline over 1 year	-3.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.15%	—	—
Current Drawdown Current decline from peak	-2.05%	-0.97%	-1.08%
Average Drawdown Average peak-to-trough decline	-0.98%	-1.84%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	—	—

Volatility

Volatility by Period

	HIDE	SPLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.72%	15.09%	-10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	15.09%	-10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.30%	15.09%	-10.79%

HIDE vs. SPLS - Expense Ratio Comparison

HIDE has a 0.29% expense ratio, which is higher than SPLS's 0.18% expense ratio.

Dividends

HIDE vs. SPLS - Dividend Comparison

HIDE's dividend yield for the trailing twelve months is around 2.97%, more than SPLS's 0.55% yield.

Position	TTM	2025	2024	2023	2022
HIDE Alpha Architect High Inflation And Deflation ETF	2.97%	3.16%	2.86%	3.90%	6.25%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.55%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HIDE and SPLS in my portfolio?

HIDE and SPLS have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIDE or SPLS?

On fees, SPLS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIDE or SPLS?

SPLS is cheaper with a 0.18% expense ratio, compared with 0.29% for HIDE.

Which ETF pays a higher dividend yield, HIDE or SPLS?

HIDE has the higher dividend yield at 2.97%, compared with 0.55% for SPLS.

What is the main difference between HIDE and SPLS?

They also come from different issuers: Alpha Architect and PIMCO. Their fees differ too: 0.29% for HIDE and 0.18% for SPLS.