PYLD vs. BLV
Compare and contrast key facts about PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and Vanguard Long-Term Bond ETF (BLV).
PYLD and BLV 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. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYLD or BLV.
Key characteristics
| PYLD | BLV | |
|---|---|---|
| YTD Return | 6.85% | -1.82% |
| 1Y Return | 13.56% | 10.69% |
| Sharpe Ratio | 3.41 | 0.87 |
| Sortino Ratio | 5.31 | 1.30 |
| Omega Ratio | 1.74 | 1.15 |
| Calmar Ratio | 6.51 | 0.30 |
| Martin Ratio | 20.03 | 2.41 |
| Ulcer Index | 0.67% | 4.35% |
| Daily Std Dev | 3.97% | 12.08% |
| Max Drawdown | -4.52% | -38.29% |
| Current Drawdown | -1.05% | -27.57% |
Correlation
The correlation between PYLD and BLV is 0.85, 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.
Performance
PYLD vs. BLV - Performance Comparison
In the year-to-date period, PYLD achieves a 6.85% return, which is significantly higher than BLV's -1.82% 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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PYLD vs. BLV - Expense Ratio Comparison
PYLD has a 0.55% expense ratio, which is higher than BLV's 0.04% expense ratio.
Risk-Adjusted Performance
PYLD vs. BLV - 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 Vanguard Long-Term Bond ETF (BLV). 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. BLV - Dividend Comparison
PYLD's dividend yield for the trailing twelve months is around 5.72%, more than BLV's 4.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 5.72% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.51% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
PYLD vs. BLV - Drawdown Comparison
The maximum PYLD drawdown since its inception was -4.52%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for PYLD and BLV. For additional features, visit the drawdowns tool.
Volatility
PYLD vs. BLV - Volatility Comparison
The current volatility for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is 1.20%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 4.22%. This indicates that PYLD experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.