LONZ vs. VCSH
Compare and contrast key facts about PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and Vanguard Short-Term Corporate Bond ETF (VCSH).
LONZ and VCSH 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. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Performance
LONZ vs. VCSH - Performance Comparison
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LONZ vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | -0.27% | 5.05% | 9.85% | 12.56% | 0.80% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 4.91% | 6.20% | -0.63% |
Returns By Period
In the year-to-date period, LONZ achieves a -0.27% return, which is significantly lower than VCSH's 0.13% return.
LONZ
- 1D
- 0.47%
- 1M
- 1.00%
- YTD
- -0.27%
- 6M
- 0.65%
- 1Y
- 5.23%
- 3Y*
- 8.01%
- 5Y*
- —
- 10Y*
- —
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
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LONZ vs. VCSH - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Return for Risk
LONZ vs. VCSH — Risk / Return Rank
LONZ
VCSH
LONZ vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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.
| LONZ | VCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 2.17 | -0.85 |
Sortino ratioReturn per unit of downside risk | 1.55 | 3.19 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.52 | -2.04 |
Martin ratioReturn relative to average drawdown | 8.06 | 14.44 | -6.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LONZ | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.17 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 1.01 | +1.23 |
Correlation
The correlation between LONZ and VCSH 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
LONZ vs. VCSH - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.27%, more than VCSH's 4.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.27% | 6.60% | 8.16% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Drawdowns
LONZ vs. VCSH - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for LONZ and VCSH.
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Drawdown Indicators
| LONZ | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -12.86% | +8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -1.40% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.83% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -0.97% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.34% | +0.29% |
Volatility
LONZ vs. VCSH - Volatility Comparison
PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) has a higher volatility of 1.22% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.94%. This indicates that LONZ's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LONZ | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.94% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 1.29% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 2.28% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 2.86% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 3.35% | -0.09% |