PYLD vs. AGG
Compare and contrast key facts about PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and iShares Core U.S. Aggregate Bond ETF (AGG).
PYLD and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYLD or AGG.
Performance
PYLD vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, PYLD achieves a 6.69% return, which is significantly higher than AGG's 1.93% return.
PYLD
6.69%
0.21%
5.16%
11.36%
N/A
N/A
AGG
1.93%
-0.68%
3.50%
6.93%
-0.25%
1.43%
Key characteristics
| PYLD | AGG | |
|---|---|---|
| Sharpe Ratio | 2.95 | 1.12 |
| Sortino Ratio | 4.47 | 1.63 |
| Omega Ratio | 1.61 | 1.20 |
| Calmar Ratio | 5.47 | 0.45 |
| Martin Ratio | 15.75 | 3.61 |
| Ulcer Index | 0.72% | 1.78% |
| Daily Std Dev | 3.84% | 5.76% |
| Max Drawdown | -4.52% | -18.43% |
| Current Drawdown | -1.20% | -8.38% |
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PYLD vs. AGG - Expense Ratio Comparison
PYLD has a 0.55% expense ratio, which is higher than AGG's 0.05% expense ratio.
Correlation
The correlation between PYLD and AGG is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PYLD vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
PYLD vs. AGG - Dividend Comparison
PYLD's dividend yield for the trailing twelve months is around 5.73%, more than AGG's 3.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 5.73% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
PYLD vs. AGG - Drawdown Comparison
The maximum PYLD drawdown since its inception was -4.52%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PYLD and AGG. For additional features, visit the drawdowns tool.
Volatility
PYLD vs. AGG - Volatility Comparison
The current volatility for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is 1.18%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.49%. This indicates that PYLD experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.