LONZ vs. HYS
Compare and contrast key facts about PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
LONZ and HYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LONZ is an actively managed fund by PIMCO. It was launched on Jun 8, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LONZ or HYS.
Key characteristics
| LONZ | HYS | |
|---|---|---|
| YTD Return | 6.32% | 7.00% |
| 1Y Return | 9.79% | 13.15% |
| Sharpe Ratio | 4.64 | 2.79 |
| Daily Std Dev | 2.14% | 4.76% |
| Max Drawdown | -4.05% | -20.91% |
| Current Drawdown | -0.06% | 0.00% |
Correlation
The correlation between LONZ and HYS is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LONZ vs. HYS - Performance Comparison
In the year-to-date period, LONZ achieves a 6.32% return, which is significantly lower than HYS's 7.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LONZ vs. HYS - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than HYS's 0.56% expense ratio.
Risk-Adjusted Performance
LONZ vs. HYS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.
Dividends
LONZ vs. HYS - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.60%, less than HYS's 8.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.60% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.26% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.01% | 5.13% | 5.22% | 5.42% | 4.59% |
Drawdowns
LONZ vs. HYS - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.05%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for LONZ and HYS. For additional features, visit the drawdowns tool.
Volatility
LONZ vs. HYS - Volatility Comparison
The current volatility for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is 0.64%, while PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a volatility of 0.86%. This indicates that LONZ experiences smaller price fluctuations and is considered to be less risky than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.