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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LONZ or VCSH.
Key characteristics
| LONZ | VCSH | |
|---|---|---|
| YTD Return | 6.45% | 5.29% |
| 1Y Return | 9.86% | 9.37% |
| Sharpe Ratio | 4.64 | 3.53 |
| Daily Std Dev | 2.14% | 2.66% |
| Max Drawdown | -4.05% | -12.86% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between LONZ and VCSH is 0.23, 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.
Performance
LONZ vs. VCSH - Performance Comparison
In the year-to-date period, LONZ achieves a 6.45% return, which is significantly higher than VCSH's 5.29% 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. VCSH - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Risk-Adjusted Performance
LONZ vs. VCSH - Risk-Adjusted Performance 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.
Dividends
LONZ vs. VCSH - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.59%, more than VCSH's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.59% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.64% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
LONZ vs. VCSH - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.05%, 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. For additional features, visit the drawdowns tool.
Volatility
LONZ vs. VCSH - Volatility Comparison
PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) has a higher volatility of 0.60% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.47%. 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.