LONZ vs. MFUS
LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both exchange-traded funds - LONZ is a Bank Loan fund actively managed by PIMCO, while MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index. LONZ is actively managed, while MFUS is passively managed. Over the past 3 years, LONZ returned 7.40%/yr vs 19.23%/yr for MFUS. Their 0.41 correlation means their historical movements had little consistent relationship. LONZ charges 0.62%/yr vs 0.30%/yr for MFUS.
Performance
LONZ vs. MFUS - Performance Comparison
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Returns By Period
In the year-to-date period, LONZ achieves a 2.58% return, which is significantly lower than MFUS's 16.05% return.
LONZ
- 1D
- 0.11%
- 1M
- 0.41%
- 6M
- 2.66%
- YTD
- 2.58%
- 1Y
- 4.94%
- 3Y*
- 7.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.31%
MFUS
- 1D
- 0.02%
- 1M
- -0.78%
- 6M
- 11.41%
- YTD
- 16.05%
- 1Y
- 25.38%
- 3Y*
- 19.23%
- 5Y*
- 12.82%
- 10Y*
- —
- ALL TIME*
- 13.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.20M | $2.52M | $5.54M | |
| $1.61M | $1.05M | $936.81K |
LONZ vs. MFUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 2.58% | 5.05% | 9.85% | 12.56% | 0.54% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.05% | 16.02% | 20.17% | 12.19% | -2.57% |
Correlation
The correlation between LONZ and MFUS is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.41 |
The correlation between LONZ and MFUS shifts across timeframes, from 0.30 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LONZ vs. MFUS — Risk / Return Rank
LONZ
MFUS
LONZ vs. MFUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.
| LONZ | MFUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.39 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 3.86 | -1.48 |
| Martin ratioReturn relative to average drawdown | 9.86 | 14.64 | -4.77 |
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Drawdowns
LONZ vs. MFUS - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for LONZ and MFUS.
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Drawdown Indicators
| LONZ | MFUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -35.21% | +31.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -6.39% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -15.39% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.61% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -3.95% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.68% | -1.19% |
Volatility
LONZ vs. MFUS - Volatility Comparison
The current volatility for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is 0.31%, while PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) has a volatility of 2.93%. This indicates that LONZ experiences smaller price fluctuations and is considered to be less risky than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LONZ | MFUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 2.93% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 9.11% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 11.43% | -9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 15.02% | -11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 17.28% | -14.11% |
LONZ vs. MFUS - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than MFUS's 0.30% expense ratio.
Dividends
LONZ vs. MFUS - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 8.31%, more than MFUS's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.71% | 6.60% | 8.16% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.38% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
Frequently Asked Questions
LONZ and MFUS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFUS has higher volatility (2.93%) compared to LONZ (0.31%). In terms of maximum drawdown, LONZ dropped -4.19% vs MFUS's -35.21%.
On 3-year performance, MFUS leads with 19.23% vs 7.40% for LONZ. On fees, MFUS is cheaper at 0.30% per year. On volatility, LONZ has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MFUS has performed better with a 19.23% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFUS is cheaper with a 0.30% expense ratio, compared with 0.62% for LONZ.
LONZ has the higher dividend yield at 7.71%, compared with 1.38% for MFUS.
LONZ is categorized as Bank Loan, while MFUS is Large Cap Growth Equities. Their fees differ too: 0.62% for LONZ and 0.30% for MFUS.
MFUS currently has the higher Sharpe Ratio (2.16 vs 2.12), 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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