PIFI vs. USFI
PIFI (ClearShares Piton Intermediate Fixed Income ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - PIFI is a Intermediate Core Bond fund actively managed by ClearShares, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. Both are actively managed. Over the past 3 years, PIFI returned 3.83%/yr vs 4.06%/yr for USFI. Their correlation of 0.88 means they have usually moved in the same direction. PIFI charges 0.45%/yr vs 0.39%/yr for USFI.
Performance
PIFI vs. USFI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIFI achieves a -0.24% return, which is significantly lower than USFI's 0.70% return.
PIFI
- 1D
- 0.15%
- 1M
- -0.55%
- 6M
- -0.17%
- YTD
- -0.24%
- 1Y
- 1.64%
- 3Y*
- 3.83%
- 5Y*
- 0.88%
- 10Y*
- —
- ALL TIME*
- 0.72%
USFI
- 1D
- 0.14%
- 1M
- -0.69%
- 6M
- 0.68%
- YTD
- 0.70%
- 1Y
- 3.00%
- 3Y*
- 4.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $76.55K | $61.92K | $154.30K | |
| $223.65 | $248.36 | $6.79K |
PIFI vs. USFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PIFI ClearShares Piton Intermediate Fixed Income ETF | -0.24% | 6.29% | 2.52% | 2.82% |
USFI BrandywineGLOBAL - U.S. Fixed Income ETF | 0.70% | 6.96% | 1.11% | 2.95% |
Correlation
The correlation between PIFI and USFI is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.88 |
The correlation between PIFI and USFI has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIFI vs. USFI — Risk / Return Rank
PIFI
USFI
PIFI vs. USFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares Piton Intermediate Fixed Income ETF (PIFI) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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.
| PIFI | USFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.72 | -1.87 |
| Martin ratioReturn relative to average drawdown | 1.92 | 6.29 | -4.37 |
Loading charts...
Drawdowns
PIFI vs. USFI - Drawdown Comparison
The maximum PIFI drawdown since its inception was -10.59%, which is greater than USFI's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for PIFI and USFI.
Loading charts...
Drawdown Indicators
| PIFI | USFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.59% | -8.47% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -1.11% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -7.69% | +4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -10.25% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.86% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -2.06% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.48% | +0.37% |
Volatility
PIFI vs. USFI - Volatility Comparison
ClearShares Piton Intermediate Fixed Income ETF (PIFI) has a higher volatility of 0.78% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.73%. This indicates that PIFI's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIFI | USFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.73% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 1.66% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 3.08% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 6.84% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 6.84% | -3.37% |
PIFI vs. USFI - Expense Ratio Comparison
PIFI has a 0.45% expense ratio, which is higher than USFI's 0.39% expense ratio.
Dividends
PIFI vs. USFI - Dividend Comparison
PIFI's dividend yield for the trailing twelve months is around 4.48%, which matches USFI's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PIFI ClearShares Piton Intermediate Fixed Income ETF | 4.48% | 3.16% | 2.92% | 2.29% | 1.22% | 0.25% |
USFI BrandywineGLOBAL - U.S. Fixed Income ETF | 4.51% | 4.42% | 4.60% | 1.83% | 0.00% | 0.00% |
Frequently Asked Questions
PIFI and USFI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIFI has higher volatility (0.78%) compared to USFI (0.73%). In terms of maximum drawdown, PIFI dropped -10.59% vs USFI's -8.47%.
On 3-year performance, USFI leads with 4.06% vs 3.83% for PIFI. On fees, USFI is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USFI has performed better with a 4.06% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFI is cheaper with a 0.39% expense ratio, compared with 0.45% for PIFI.
USFI has the higher dividend yield at 4.51%, compared with 4.48% for PIFI.
PIFI is categorized as Intermediate Core Bond, while USFI is Actively Managed. They also come from different issuers: ClearShares and BrandywineGLOBAL. Their fees differ too: 0.45% for PIFI and 0.39% for USFI.
USFI currently has the higher Sharpe Ratio (0.98 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PIFI and USFI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer