PAB vs. BOND
Compare and contrast key facts about PGIM Active Aggregate Bond ETF (PAB) and PIMCO Active Bond ETF (BOND).
PAB and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PAB is an actively managed fund by PGIM. It was launched on Apr 12, 2021. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
PAB vs. BOND - Performance Comparison
Loading graphics...
PAB vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAB PGIM Active Aggregate Bond ETF | 0.07% | 7.55% | 1.89% | 6.37% | -14.24% | 0.90% |
BOND PIMCO Active Bond ETF | -0.02% | 8.39% | 2.77% | 6.48% | -14.57% | 0.91% |
Returns By Period
In the year-to-date period, PAB achieves a 0.07% return, which is significantly higher than BOND's -0.02% return.
PAB
- 1D
- 0.32%
- 1M
- -1.80%
- YTD
- 0.07%
- 6M
- 1.20%
- 1Y
- 4.75%
- 3Y*
- 4.17%
- 5Y*
- —
- 10Y*
- —
BOND
- 1D
- 0.25%
- 1M
- -2.06%
- YTD
- -0.02%
- 6M
- 1.43%
- 1Y
- 5.07%
- 3Y*
- 4.76%
- 5Y*
- 0.62%
- 10Y*
- 2.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PAB vs. BOND - Expense Ratio Comparison
PAB has a 0.19% expense ratio, which is lower than BOND's 0.54% expense ratio.
Return for Risk
PAB vs. BOND — Risk / Return Rank
PAB
BOND
PAB vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Active Aggregate Bond ETF (PAB) and PIMCO Active Bond ETF (BOND). 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.
| PAB | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.08 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.51 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.58 | +0.23 |
Martin ratioReturn relative to average drawdown | 5.47 | 4.65 | +0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PAB | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.08 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.63 | -0.60 |
Correlation
The correlation between PAB and BOND is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PAB vs. BOND - Dividend Comparison
PAB's dividend yield for the trailing twelve months is around 4.74%, less than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAB PGIM Active Aggregate Bond ETF | 4.74% | 4.28% | 4.25% | 3.70% | 2.81% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
PAB vs. BOND - Drawdown Comparison
The maximum PAB drawdown since its inception was -19.27%, roughly equal to the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for PAB and BOND.
Loading graphics...
Drawdown Indicators
| PAB | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -19.71% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.29% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.71% | — |
Current DrawdownCurrent decline from peak | -1.80% | -2.06% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -3.53% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.12% | -0.19% |
Volatility
PAB vs. BOND - Volatility Comparison
PGIM Active Aggregate Bond ETF (PAB) and PIMCO Active Bond ETF (BOND) have volatilities of 1.76% and 1.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PAB | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.82% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.70% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 4.72% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 5.73% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 5.07% | +1.15% |