PTSHX vs. IGSB
Compare and contrast key facts about PIMCO Short Term Fund (PTSHX) and iShares Short-Term Corporate Bond ETF (IGSB).
PTSHX is managed by PIMCO. It was launched on Oct 7, 1987. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTSHX or IGSB.
Key characteristics
| PTSHX | IGSB | |
|---|---|---|
| YTD Return | 5.31% | 4.40% |
| 1Y Return | 6.36% | 7.99% |
| 3Y Return (Ann) | 3.71% | 1.56% |
| 5Y Return (Ann) | 2.86% | 2.00% |
| 10Y Return (Ann) | 2.37% | 2.15% |
| Sharpe Ratio | 4.05 | 3.06 |
| Sortino Ratio | 18.82 | 4.98 |
| Omega Ratio | 6.95 | 1.64 |
| Calmar Ratio | 60.91 | 2.03 |
| Martin Ratio | 112.19 | 19.21 |
| Ulcer Index | 0.06% | 0.42% |
| Daily Std Dev | 1.57% | 2.62% |
| Max Drawdown | -6.26% | -13.38% |
| Current Drawdown | 0.00% | -1.12% |
Correlation
The correlation between PTSHX and IGSB is 0.03, 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.
Performance
PTSHX vs. IGSB - Performance Comparison
In the year-to-date period, PTSHX achieves a 5.31% return, which is significantly higher than IGSB's 4.40% return. Over the past 10 years, PTSHX has outperformed IGSB with an annualized return of 2.37%, while IGSB has yielded a comparatively lower 2.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PTSHX vs. IGSB - Expense Ratio Comparison
PTSHX has a 0.45% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Risk-Adjusted Performance
PTSHX vs. IGSB - Risk-Adjusted Performance 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.
Dividends
PTSHX vs. IGSB - Dividend Comparison
PTSHX's dividend yield for the trailing twelve months is around 5.20%, more than IGSB's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTSHX PIMCO Short Term Fund | 5.20% | 4.51% | 3.27% | 0.63% | 1.78% | 2.92% | 2.50% | 1.67% | 1.81% | 1.58% | 1.53% | 1.09% |
IGSB iShares Short-Term Corporate Bond ETF | 3.92% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% | 1.17% |
Drawdowns
PTSHX vs. IGSB - Drawdown Comparison
The maximum PTSHX drawdown since its inception was -6.26%, 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. For additional features, visit the drawdowns tool.
Volatility
PTSHX vs. IGSB - Volatility Comparison
The current volatility for PIMCO Short Term Fund (PTSHX) is 0.53%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.66%. 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.