HYS vs. BOND
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and PIMCO Active Bond ETF (BOND).
HYS and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
HYS vs. BOND - Performance Comparison
Loading graphics...
HYS vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | -0.39% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 10.22% | -1.05% | 5.75% |
BOND PIMCO Active Bond ETF | -0.02% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Returns By Period
In the year-to-date period, HYS achieves a -0.39% return, which is significantly lower than BOND's -0.02% return. Over the past 10 years, HYS has outperformed BOND with an annualized return of 5.62%, while BOND has yielded a comparatively lower 2.24% annualized return.
HYS
- 1D
- 0.70%
- 1M
- -0.57%
- YTD
- -0.39%
- 6M
- 1.22%
- 1Y
- 7.13%
- 3Y*
- 8.21%
- 5Y*
- 4.94%
- 10Y*
- 5.62%
BOND
- 1D
- 0.25%
- 1M
- -2.06%
- YTD
- -0.02%
- 6M
- 1.43%
- 1Y
- 5.07%
- 3Y*
- 4.76%
- 5Y*
- 0.62%
- 10Y*
- 2.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYS vs. BOND - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than BOND's 0.54% expense ratio.
Return for Risk
HYS vs. BOND — Risk / Return Rank
HYS
BOND
HYS vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.08 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.51 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.58 | +0.20 |
Martin ratioReturn relative to average drawdown | 9.95 | 4.65 | +5.30 |
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
| HYS | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.08 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.11 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.44 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.63 | +0.17 |
Correlation
The correlation between HYS and BOND is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HYS vs. BOND - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.40%, more than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.40% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
HYS vs. BOND - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for HYS and BOND.
Loading graphics...
Drawdown Indicators
| HYS | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -19.71% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -3.29% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -19.71% | +9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | -19.71% | -1.20% |
Current DrawdownCurrent decline from peak | -1.02% | -2.06% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -3.53% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.12% | -0.39% |
Volatility
HYS vs. BOND - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and PIMCO Active Bond ETF (BOND) have volatilities of 1.88% and 1.82%, 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.
Loading graphics...
Volatility by Period
| HYS | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.82% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.70% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 4.72% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 5.73% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 5.07% | +1.78% |