PHIYX vs. BSV
Compare and contrast key facts about PIMCO High Yield Fund (PHIYX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV).
PHIYX is managed by PIMCO. It was launched on Dec 15, 1992. BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
PHIYX vs. BSV - Performance Comparison
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PHIYX vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHIYX PIMCO High Yield Fund | -1.31% | 8.60% | 6.81% | 12.83% | -11.96% | 4.07% | 5.37% | 14.96% | -2.47% | 7.03% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.16% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Returns By Period
In the year-to-date period, PHIYX achieves a -1.31% return, which is significantly lower than BSV's 0.16% return. Over the past 10 years, PHIYX has outperformed BSV with an annualized return of 5.08%, while BSV has yielded a comparatively lower 1.97% annualized return.
PHIYX
- 1D
- 0.63%
- 1M
- -1.60%
- YTD
- -1.31%
- 6M
- 0.52%
- 1Y
- 5.80%
- 3Y*
- 7.49%
- 5Y*
- 3.36%
- 10Y*
- 5.08%
BSV
- 1D
- 0.02%
- 1M
- -0.57%
- YTD
- 0.16%
- 6M
- 1.15%
- 1Y
- 4.05%
- 3Y*
- 4.27%
- 5Y*
- 1.68%
- 10Y*
- 1.97%
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PHIYX vs. BSV - Expense Ratio Comparison
PHIYX has a 0.56% expense ratio, which is higher than BSV's 0.03% expense ratio.
Return for Risk
PHIYX vs. BSV — Risk / Return Rank
PHIYX
BSV
PHIYX vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Fund (PHIYX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| PHIYX | BSV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 2.04 | -0.41 |
Sortino ratioReturn per unit of downside risk | 2.35 | 3.25 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 3.23 | -1.16 |
Martin ratioReturn relative to average drawdown | 8.46 | 12.23 | -3.77 |
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
| PHIYX | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.04 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.62 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.83 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.86 | +0.44 |
Correlation
The correlation between PHIYX and BSV is 0.14, 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
PHIYX vs. BSV - Dividend Comparison
PHIYX's dividend yield for the trailing twelve months is around 5.84%, more than BSV's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHIYX PIMCO High Yield Fund | 5.84% | 6.19% | 6.18% | 5.62% | 6.01% | 4.53% | 4.55% | 5.04% | 5.63% | 5.11% | 5.37% | 8.79% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.93% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
Drawdowns
PHIYX vs. BSV - Drawdown Comparison
The maximum PHIYX drawdown since its inception was -32.73%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for PHIYX and BSV.
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Drawdown Indicators
| PHIYX | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -8.54% | -24.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -1.29% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -8.54% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -20.30% | -8.54% | -11.76% |
Current DrawdownCurrent decline from peak | -1.84% | -0.76% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -0.98% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.34% | +0.39% |
Volatility
PHIYX vs. BSV - Volatility Comparison
PIMCO High Yield Fund (PHIYX) has a higher volatility of 1.46% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.78%. This indicates that PHIYX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHIYX | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.78% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 1.19% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 2.00% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 2.71% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 2.37% | +3.25% |