PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PJS1.DE vs. COVR.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PJS1.DE vs. COVR.DE

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.DE).

PJS1.DE and COVR.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJS1.DE is an actively managed fund by PIMCO. It was launched on Jan 11, 2011. COVR.DE is a passively managed fund by PIMCO that tracks the performance of the PIMCO Covered Bond. It was launched on Dec 17, 2013.

Performance

PJS1.DE vs. COVR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.DE). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

PJS1.DE vs. COVR.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PJS1.DE
PIMCO Euro Short Maturity UCITS ETF EUR Income		0.14%2.87%4.36%3.98%-2.27%-0.59%-0.27%-0.06%-1.35%-0.20%
COVR.DE
PIMCO Covered Bond UCITS ETF Dist		-0.94%2.66%3.80%6.11%-12.85%-2.27%3.03%3.98%0.05%2.43%

Returns By Period

In the year-to-date period, PJS1.DE achieves a 0.14% return, which is significantly higher than COVR.DE's -0.94% return. Over the past 10 years, PJS1.DE has outperformed COVR.DE with an annualized return of 0.63%, while COVR.DE has yielded a comparatively lower 0.53% annualized return.

PJS1.DE

1D
-0.04%
1M
-0.32%
YTD
0.14%
6M
0.76%
1Y
2.08%
3Y*
3.48%
5Y*
1.70%
10Y*
0.63%

COVR.DE

1D
0.17%
1M
-2.37%
YTD
-0.94%
6M
-0.79%
1Y
1.20%
3Y*
3.42%
5Y*
-0.74%
10Y*
0.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PIMCO Euro Short Maturity UCITS ETF EUR Income

PIMCO Covered Bond UCITS ETF Dist

Often compared with PJS1.DE:
PJS1.DE vs. EUHI.DEPJS1.DE vs. IUSU.DEPJS1.DE vs. LDCE.DEPJS1.DE vs. PJSR.DEPJS1.DE vs. EUHA.DE
Often compared with COVR.DE:
COVR.DE vs. EUHI.DECOVR.DE vs. PJSR.DECOVR.DE vs. IE3E.DECOVR.DE vs. EUHA.DECOVR.DE vs. PR1C.DECOVR.DE vs. SYBD.DECOVR.DE vs. ECR3.DE

PJS1.DE vs. COVR.DE - Expense Ratio Comparison

PJS1.DE has a 0.35% expense ratio, which is lower than COVR.DE's 0.43% expense ratio.

COVR.DE
PIMCO Covered Bond UCITS ETF Dist
PJS1.DE
PIMCO Euro Short Maturity UCITS ETF EUR Income

Return for Risk

PJS1.DE vs. COVR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PJS1.DE
PJS1.DE Risk / Return Rank: 9898
Overall Rank
PJS1.DE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PJS1.DE Sortino Ratio Rank: 9999
Sortino Ratio Rank
PJS1.DE Omega Ratio Rank: 9898
Omega Ratio Rank
PJS1.DE Calmar Ratio Rank: 9898
Calmar Ratio Rank
PJS1.DE Martin Ratio Rank: 9898
Martin Ratio Rank
COVR.DE
COVR.DE Risk / Return Rank: 2424
Overall Rank
COVR.DE Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
COVR.DE Sortino Ratio Rank: 2424
Sortino Ratio Rank
COVR.DE Omega Ratio Rank: 2323
Omega Ratio Rank
COVR.DE Calmar Ratio Rank: 1919
Calmar Ratio Rank
COVR.DE Martin Ratio Rank: 2323
Martin Ratio Rank
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.

PJS1.DE vs. COVR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.DE). 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.

PJS1.DECOVR.DEDifference

Sharpe ratio

Return per unit of total volatility

4.04

0.53

+3.50

Sortino ratio

Return per unit of downside risk

6.28

0.73

+5.55

Omega ratio

Gain probability vs. loss probability

1.96

1.09

+0.87

Calmar ratio

Return relative to maximum drawdown

5.90

0.35

+5.55

Martin ratio

Return relative to average drawdown

28.31

1.61

+26.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJS1.DE vs. COVR.DE - Sharpe Ratio Comparison

The current PJS1.DE Sharpe Ratio is 4.04, which is higher than the COVR.DE Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of PJS1.DE and COVR.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

PJS1.DECOVR.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.04

0.53

+3.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.86

-0.20

+3.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

0.18

+0.80

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.19

+0.58

Correlation

The correlation between PJS1.DE and COVR.DE is 0.20, 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

PJS1.DE vs. COVR.DE - Dividend Comparison

PJS1.DE's dividend yield for the trailing twelve months is around 2.98%, more than COVR.DE's 2.51% yield.

TTM20252024202320222021202020192018201720162015
PJS1.DE
PIMCO Euro Short Maturity UCITS ETF EUR Income		2.98%3.11%3.58%2.90%0.32%0.00%0.00%0.00%0.00%0.02%0.05%0.19%
COVR.DE
PIMCO Covered Bond UCITS ETF Dist		2.51%2.43%1.66%0.56%0.00%0.00%0.42%1.20%0.78%0.57%0.74%0.86%

Drawdowns

PJS1.DE vs. COVR.DE - Drawdown Comparison

The maximum PJS1.DE drawdown since its inception was -5.79%, smaller than the maximum COVR.DE drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for PJS1.DE and COVR.DE.

Loading graphics...

Drawdown Indicators

PJS1.DECOVR.DEDifference

Max Drawdown

Largest peak-to-trough decline

-5.79%

-16.36%

+10.57%

Max Drawdown (1Y)

Largest decline over 1 year

-0.36%

-2.85%

+2.49%

Max Drawdown (5Y)

Largest decline over 5 years

-3.46%

-15.69%

+12.23%

Max Drawdown (10Y)

Largest decline over 10 years

-5.57%

-16.36%

+10.79%

Current Drawdown

Current decline from peak

-0.36%

-4.90%

+4.54%

Average Drawdown

Average peak-to-trough decline

-1.17%

-4.10%

+2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.07%

0.63%

-0.56%

Volatility

PJS1.DE vs. COVR.DE - Volatility Comparison

The current volatility for PIMCO Euro Short Maturity UCITS ETF EUR Income (PJS1.DE) is 0.23%, while PIMCO Covered Bond UCITS ETF Dist (COVR.DE) has a volatility of 1.12%. This indicates that PJS1.DE experiences smaller price fluctuations and is considered to be less risky than COVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

PJS1.DECOVR.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.23%

1.12%

-0.89%

Volatility (6M)

Calculated over the trailing 6-month period

0.36%

1.60%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

0.52%

2.25%

-1.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.59%

3.72%

-3.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.64%

2.95%

-2.31%