MDAA vs. BILZ

Last updated Jun 23, 2026

MDAA (Myriad Dynamic Asset Allocation ETF) and BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) are both exchange-traded funds - MDAA is a Diversified Portfolio fund actively managed by Myriad, while BILZ is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. At a correlation of -0.06, they often move in opposite directions. MDAA charges 0.97%/yr vs 0.14%/yr for BILZ.

Performance

MDAA vs. BILZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Myriad Dynamic Asset Allocation ETF (MDAA) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDAA achieves a 20.16% return, which is significantly higher than BILZ's 1.64% return.

MDAA

• 1D: -0.27%
• 1M: 3.45%
• YTD: 20.16%
• 6M: 20.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILZ

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.89%
• 3Y*: 4.67%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDAA vs. BILZ - Yearly Performance Comparison

	2026 (YTD)	2025
MDAA Myriad Dynamic Asset Allocation ETF	20.16%	-0.25%
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	1.64%	0.98%

Correlation

The correlation between MDAA and BILZ is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	-0.06

Return for Risk

MDAA vs. BILZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDAA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BILZ

BILZ Risk / Return Rank: 100
BILZ Sharpe Ratio Rank: 100
BILZ Sortino Ratio Rank: 100
BILZ Omega Ratio Rank: 100
BILZ Calmar Ratio Rank: 100
BILZ Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDAA vs. BILZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). 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.

	MDAA	BILZ	Difference
Sharpe ratio: Return per unit of total volatility	—	18.70	—
Sortino ratio: Return per unit of downside risk	—	118.69	—
Omega ratio: Gain probability vs. loss probability	—	47.43	—
Calmar ratio: Return relative to maximum drawdown	—	197.44	—
Martin ratio: Return relative to average drawdown	—	1,898.07	—

Drawdowns

MDAA vs. BILZ - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, which is greater than BILZ's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for MDAA and BILZ.

Drawdown Indicators

	MDAA	BILZ	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-0.52%	-14.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.17%	—
Current Drawdown Current decline from peak	-2.71%	0.00%	-2.71%
Average Drawdown Average peak-to-trough decline	-3.03%	-0.01%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	MDAA	BILZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.98%	0.21%	+24.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.98%	0.52%	+24.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	0.52%	+24.46%

MDAA vs. BILZ - Expense Ratio Comparison

MDAA has a 0.97% expense ratio, which is higher than BILZ's 0.14% expense ratio.

Dividends

MDAA vs. BILZ - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.38%, less than BILZ's 4.07% yield.

Position	TTM	2025	2024	2023
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	4.07%	4.19%	4.95%	2.23%
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDAA and BILZ in my portfolio?

MDAA and BILZ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDAA or BILZ?

On fees, BILZ is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDAA or BILZ?

BILZ is cheaper with a 0.14% expense ratio, compared with 0.97% for MDAA.

Which ETF pays a higher dividend yield, MDAA or BILZ?

BILZ has the higher dividend yield at 4.07%, compared with 0.38% for MDAA.

What is the main difference between MDAA and BILZ?

MDAA is categorized as Diversified Portfolio, while BILZ is Ultrashort Bond. They also come from different issuers: Myriad and PIMCO. Their fees differ too: 0.97% for MDAA and 0.14% for BILZ.