PMBS vs. HYS
Compare and contrast key facts about PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
PMBS and HYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PMBS is an actively managed fund by PIMCO. It was launched on Jul 31, 1997. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011.
Performance
PMBS vs. HYS - Performance Comparison
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PMBS vs. HYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 0.72% | 8.92% | -2.75% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | -0.26% | 8.80% | 0.93% |
Returns By Period
In the year-to-date period, PMBS achieves a 0.72% return, which is significantly higher than HYS's -0.26% return.
PMBS
- 1D
- 0.11%
- 1M
- -1.31%
- YTD
- 0.72%
- 6M
- 2.27%
- 1Y
- 5.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYS
- 1D
- 0.13%
- 1M
- -0.35%
- YTD
- -0.26%
- 6M
- 1.19%
- 1Y
- 7.05%
- 3Y*
- 8.25%
- 5Y*
- 4.96%
- 10Y*
- 5.63%
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PMBS vs. HYS - Expense Ratio Comparison
PMBS has a 0.71% expense ratio, which is higher than HYS's 0.56% expense ratio.
Return for Risk
PMBS vs. HYS — Risk / Return Rank
PMBS
HYS
PMBS vs. HYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.
| PMBS | HYS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.32 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.91 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.79 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.01 | 9.95 | -3.95 |
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
| PMBS | HYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.32 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.80 | +0.08 |
Correlation
The correlation between PMBS and HYS is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PMBS vs. HYS - Dividend Comparison
PMBS's dividend yield for the trailing twelve months is around 4.99%, less than HYS's 7.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 4.99% | 4.73% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.41% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
Drawdowns
PMBS vs. HYS - Drawdown Comparison
The maximum PMBS drawdown since its inception was -4.35%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for PMBS and HYS.
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Drawdown Indicators
| PMBS | HYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -20.91% | +16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -4.06% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.91% | — |
Current DrawdownCurrent decline from peak | -1.73% | -0.90% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -1.55% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.73% | +0.32% |
Volatility
PMBS vs. HYS - Volatility Comparison
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) have volatilities of 1.95% and 1.88%, 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
| PMBS | HYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 1.88% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.53% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 5.38% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 6.22% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 6.85% | -1.92% |