LDUR vs. BOND
LDUR (PIMCO Enhanced Low Duration Active ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - LDUR is a Short-Term Bond fund actively managed by PIMCO, while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, LDUR returned 2.42%/yr vs 1.96%/yr for BOND. Their 0.40 correlation means their historical movements had little consistent relationship. Both charge a 0.54% expense ratio.
Performance
LDUR vs. BOND - Performance Comparison
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Returns By Period
In the year-to-date period, LDUR achieves a 1.49% return, which is significantly higher than BOND's -0.31% return. Over the past 10 years, LDUR has outperformed BOND with an annualized return of 2.42%, while BOND has yielded a comparatively lower 1.96% annualized return.
LDUR
- 1D
- -0.04%
- 1M
- 0.17%
- 6M
- 1.23%
- YTD
- 1.49%
- 1Y
- 3.75%
- 3Y*
- 5.22%
- 5Y*
- 2.35%
- 10Y*
- 2.42%
- ALL TIME*
- 2.45%
BOND
- 1D
- -0.33%
- 1M
- -1.43%
- 6M
- -0.84%
- YTD
- -0.31%
- 1Y
- 3.01%
- 3Y*
- 4.85%
- 5Y*
- 0.00%
- 10Y*
- 1.96%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.87M | $49.77M | $50.25M | |
| $4.54M | $6.61M | $5.19M |
LDUR vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 1.49% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 4.27% | 1.05% | 2.06% |
BOND PIMCO Active Bond ETF | -0.31% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between LDUR and BOND is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2014 | 0.40 |
Over the past year, LDUR and BOND have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
LDUR vs. BOND — Risk / Return Rank
LDUR
BOND
LDUR vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Low Duration Active ETF (LDUR) 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.
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.
| LDUR | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.17 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 1.28 | +3.20 |
| Martin ratioReturn relative to average drawdown | 21.43 | 3.47 | +17.96 |
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Drawdowns
LDUR vs. BOND - Drawdown Comparison
The maximum LDUR drawdown since its inception was -8.68%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for LDUR and BOND.
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Drawdown Indicators
| LDUR | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -19.71% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -3.01% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -5.21% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -19.71% | +12.96% |
Max Drawdown (10Y)Largest decline over 10 years | -8.68% | -19.71% | +11.03% |
Current DrawdownCurrent decline from peak | -0.04% | -2.34% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -3.48% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 1.11% | -0.92% |
Volatility
LDUR vs. BOND - Volatility Comparison
The current volatility for PIMCO Enhanced Low Duration Active ETF (LDUR) is 0.46%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.15%. This indicates that LDUR experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDUR | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.15% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 3.22% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.56% | 4.01% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.05% | 5.80% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 5.10% | -2.33% |
LDUR vs. BOND - Expense Ratio Comparison
Both LDUR and BOND have an expense ratio of 0.54%.
Dividends
LDUR vs. BOND - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 4.29%, less than BOND's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 4.81% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
LDUR PIMCO Enhanced Low Duration Active ETF | 3.90% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
Frequently Asked Questions
LDUR and BOND have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOND has higher volatility (1.15%) compared to LDUR (0.46%). In terms of maximum drawdown, LDUR dropped -8.68% vs BOND's -19.71%.
On 10-year performance, LDUR leads with 2.42% vs 1.96% for BOND. Both ETFs have the same 0.54% expense ratio. On volatility, LDUR has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LDUR has performed better with a 2.42% return vs 1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDUR and BOND have the same expense ratio: 0.54% per year.
BOND has the higher dividend yield at 4.81%, compared with 3.90% for LDUR.
LDUR is categorized as Short-Term Bond, while BOND is Intermediate Core-Plus Bond.
LDUR currently has the higher Sharpe Ratio (2.69 vs 0.96), 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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