PLIIX vs. IUSB
PLIIX (Pacific Funds Core Income) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PLIIX returned 2.87%/yr vs 1.89%/yr for IUSB. Their correlation of 0.85 suggests significant overlap in exposure. PLIIX charges 0.55%/yr vs 0.06%/yr for IUSB.
Performance
PLIIX vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, PLIIX achieves a 0.71% return, which is significantly higher than IUSB's 0.54% return. Over the past 10 years, PLIIX has outperformed IUSB with an annualized return of 2.87%, while IUSB has yielded a comparatively lower 1.89% annualized return.
PLIIX
- 1D
- 0.21%
- 1M
- 0.81%
- YTD
- 0.71%
- 6M
- 0.87%
- 1Y
- 5.19%
- 3Y*
- 5.05%
- 5Y*
- 1.19%
- 10Y*
- 2.87%
IUSB
- 1D
- -0.28%
- 1M
- 0.57%
- YTD
- 0.54%
- 6M
- 0.62%
- 1Y
- 4.82%
- 3Y*
- 4.47%
- 5Y*
- 0.40%
- 10Y*
- 1.89%
PLIIX vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLIIX Pacific Funds Core Income | 0.71% | 7.38% | 2.85% | 8.23% | -12.16% | -0.13% | 8.71% | 11.31% | -1.64% | 5.13% |
IUSB iShares Core Universal USD Bond ETF | 0.54% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
Correlation
The correlation between PLIIX and IUSB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.85 |
The correlation between PLIIX and IUSB shifts across timeframes, from 0.85 (all time) to 0.95 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLIIX vs. IUSB — Risk / Return Rank
PLIIX
IUSB
PLIIX vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Core Income (PLIIX) and iShares Core Universal USD Bond ETF (IUSB). 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.
| PLIIX | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.92 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.61 | 5.54 | +1.08 |
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Drawdowns
PLIIX vs. IUSB - Drawdown Comparison
The maximum PLIIX drawdown since its inception was -16.99%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for PLIIX and IUSB.
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Drawdown Indicators
| PLIIX | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.99% | -17.90% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -2.53% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -5.82% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -16.99% | -17.87% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -16.99% | -17.90% | +0.91% |
Current DrawdownCurrent decline from peak | -0.71% | -1.22% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.58% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.87% | -0.07% |
Volatility
PLIIX vs. IUSB - Volatility Comparison
Pacific Funds Core Income (PLIIX) and iShares Core Universal USD Bond ETF (IUSB) have volatilities of 1.05% and 1.08%, 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.
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Volatility by Period
| PLIIX | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.08% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.73% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 3.59% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 5.80% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 5.05% | -0.51% |
PLIIX vs. IUSB - Expense Ratio Comparison
PLIIX has a 0.55% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
PLIIX vs. IUSB - Dividend Comparison
PLIIX's dividend yield for the trailing twelve months is around 4.79%, more than IUSB's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 4.23% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
PLIIX Pacific Funds Core Income | 4.79% | 4.81% | 4.94% | 4.27% | 3.32% | 4.29% | 3.04% | 3.07% | 3.50% | 2.90% | 2.96% | 3.32% |
Frequently Asked Questions
With a correlation of 0.95, PLIIX and IUSB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IUSB has higher volatility (1.08%) compared to PLIIX (1.05%). In terms of maximum drawdown, PLIIX dropped -16.99% vs IUSB's -17.90%.
PLIIX currently has the higher Sharpe Ratio (1.49 vs 1.35), 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.
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