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.
Performance
PTSHX vs. IGSB - Performance Comparison
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PTSHX vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTSHX PIMCO Short Term Fund | 0.55% | 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 | 0.14% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
Returns By Period
In the year-to-date period, PTSHX achieves a 0.55% return, which is significantly higher than IGSB's 0.14% return. Over the past 10 years, PTSHX has outperformed IGSB with an annualized return of 2.94%, while IGSB has yielded a comparatively lower 2.74% annualized return.
PTSHX
- 1D
- 0.00%
- 1M
- -0.21%
- YTD
- 0.55%
- 6M
- 1.81%
- 1Y
- 4.32%
- 3Y*
- 5.64%
- 5Y*
- 3.39%
- 10Y*
- 2.94%
IGSB
- 1D
- 0.27%
- 1M
- -0.89%
- YTD
- 0.14%
- 6M
- 1.38%
- 1Y
- 4.98%
- 3Y*
- 5.48%
- 5Y*
- 2.45%
- 10Y*
- 2.74%
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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.
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 | 3.23 | 2.18 | +1.05 |
Sortino ratioReturn per unit of downside risk | 10.36 | 3.22 | +7.14 |
Omega ratioGain probability vs. loss probability | 3.43 | 1.45 | +1.98 |
Calmar ratioReturn relative to maximum drawdown | 11.16 | 3.46 | +7.71 |
Martin ratioReturn relative to average drawdown | 43.24 | 14.27 | +28.97 |
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 | 3.23 | 2.18 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.48 | 0.85 | +1.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.20 | 0.79 | +1.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.70 | +1.00 |
Correlation
The correlation between PTSHX and IGSB is 0.02, 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
PTSHX vs. IGSB - Dividend Comparison
PTSHX's dividend yield for the trailing twelve months is around 4.22%, less than IGSB's 4.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTSHX PIMCO Short Term Fund | 4.22% | 4.75% | 5.16% | 4.51% | 2.80% | 0.63% | 1.78% | 2.92% | 2.65% | 1.69% | 1.67% | 1.57% |
IGSB iShares Short-Term Corporate Bond ETF | 4.51% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
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 | -0.41% | -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 | -0.21% | -0.89% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.85% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.35% | -0.24% |
Volatility
PTSHX vs. IGSB - Volatility Comparison
The current volatility for PIMCO Short Term Fund (PTSHX) is 0.21%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.96%. 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 | 0.21% | 0.96% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 1.32% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 2.29% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.37% | 2.91% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.34% | 3.46% | -2.12% |