PTSHX vs. IGSB
PTSHX (PIMCO Short Term Fund) and IGSB (iShares Short-Term Corporate Bond ETF) are both funds - PTSHX is a Ultrashort Bond fund managed by PIMCO, while IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index. Over the past 10 years, PTSHX returned 2.98%/yr vs 2.74%/yr for IGSB. At a 0.02 correlation, their price movements are largely independent. PTSHX charges 0.45%/yr vs 0.06%/yr for IGSB.
Performance
PTSHX vs. IGSB - Performance Comparison
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Returns By Period
In the year-to-date period, PTSHX achieves a 1.92% return, which is significantly higher than IGSB's 0.72% return. Over the past 10 years, PTSHX has outperformed IGSB with an annualized return of 2.98%, while IGSB has yielded a comparatively lower 2.74% annualized return.
PTSHX
- 1D
- 0.00%
- 1M
- 0.46%
- YTD
- 1.92%
- 6M
- 2.31%
- 1Y
- 4.87%
- 3Y*
- 5.72%
- 5Y*
- 3.65%
- 10Y*
- 2.98%
IGSB
- 1D
- -0.06%
- 1M
- 0.27%
- YTD
- 0.72%
- 6M
- 1.01%
- 1Y
- 4.72%
- 3Y*
- 5.66%
- 5Y*
- 2.43%
- 10Y*
- 2.74%
PTSHX vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTSHX PIMCO Short Term Fund | 1.92% | 4.88% | 6.43% | 6.09% | -0.55% | 0.02% | 2.75% | 2.74% | 1.51% | 2.43% |
IGSB iShares Short-Term Corporate Bond ETF | 0.72% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
Correlation
The correlation between PTSHX and IGSB is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2007 | 0.02 |
The correlation between PTSHX and IGSB shifts across timeframes, from -0.13 (3 years) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PTSHX vs. IGSB — Risk / Return Rank
PTSHX
IGSB
PTSHX vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Fund (PTSHX) and iShares Short-Term Corporate Bond ETF (IGSB). 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.
| PTSHX | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +7.74 | ||
| Omega ratioGain probability vs. loss probability | 3.89 | 1.49 | +2.39 |
| Calmar ratioReturn relative to maximum drawdown | 23.80 | 3.25 | +20.55 |
| Martin ratioReturn relative to average drawdown | 77.59 | 13.22 | +64.37 |
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
| PTSHX | IGSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.42 | 2.46 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.62 | 0.83 | +1.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.22 | 0.79 | +1.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 0.70 | +1.01 |
Drawdowns
PTSHX vs. IGSB - Drawdown Comparison
The maximum PTSHX drawdown since its inception was -5.12%, smaller than the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for PTSHX and IGSB.
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Drawdown Indicators
| PTSHX | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.12% | -13.38% | +8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -1.46% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.41% | -1.46% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -9.46% | +7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -4.79% | -13.38% | +8.59% |
Current DrawdownCurrent decline from peak | -0.10% | -0.32% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.85% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.36% | -0.30% |
Volatility
PTSHX vs. IGSB - Volatility Comparison
The current volatility for PIMCO Short Term Fund (PTSHX) is 0.39%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.57%. This indicates that PTSHX experiences smaller price fluctuations and is considered to be less risky than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTSHX | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.57% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 1.41% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 1.92% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.40% | 2.93% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 3.46% | -2.11% |
PTSHX vs. IGSB - Expense Ratio Comparison
PTSHX has a 0.45% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Dividends
PTSHX vs. IGSB - Dividend Comparison
PTSHX's dividend yield for the trailing twelve months is around 4.43%, less than IGSB's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 4.58% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
PTSHX PIMCO Short Term Fund | 4.43% | 4.75% | 5.16% | 4.51% | 2.80% | 0.63% | 1.78% | 2.92% | 2.65% | 1.69% | 1.67% | 1.57% |
Frequently Asked Questions
PTSHX and IGSB have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGSB has higher volatility (0.57%) compared to PTSHX (0.39%). In terms of maximum drawdown, PTSHX dropped -5.12% vs IGSB's -13.38%.
PTSHX currently has the higher Sharpe Ratio (3.42 vs 2.46), 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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