RSHO vs. PBDCX

Last updated Apr 1, 2026

Compare and contrast key facts about Tema American Reshoring ETF (RSHO) and PIMCO Investment Grade Credit Bond Fund Class C (PBDCX).

RSHO is an actively managed fund by Tema. It was launched on May 10, 2023. PBDCX is an actively managed fund by PIMCO. It was launched on Sep 3, 2004.

Performance

RSHO vs. PBDCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) and PIMCO Investment Grade Credit Bond Fund Class C (PBDCX). The values are adjusted to include any dividend payments, if applicable.

RSHO vs. PBDCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSHO Tema American Reshoring ETF	12.27%	19.23%	17.28%	28.26%
PBDCX PIMCO Investment Grade Credit Bond Fund Class C	-1.80%	7.27%	2.10%	2.86%

Returns By Period

In the year-to-date period, RSHO achieves a 12.27% return, which is significantly higher than PBDCX's -1.80% return.

RSHO

• 1D: 4.94%
• 1M: -8.70%
• YTD: 12.27%
• 6M: 16.13%
• 1Y: 47.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBDCX

• 1D: 0.56%
• 1M: -3.44%
• YTD: -1.80%
• 6M: -1.12%
• 1Y: 2.59%
• 3Y*: 3.54%
• 5Y*: -0.52%
• 10Y*: 1.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSHO vs. PBDCX - Expense Ratio Comparison

RSHO has a 0.75% expense ratio, which is lower than PBDCX's 2.19% expense ratio.

PBDCX

PIMCO Investment Grade Credit Bond Fund Class C

RSHO

Tema American Reshoring ETF

Return for Risk

RSHO vs. PBDCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSHO

RSHO Risk / Return Rank: 89
RSHO Sharpe Ratio Rank: 88
RSHO Sortino Ratio Rank: 90
RSHO Omega Ratio Rank: 85
RSHO Calmar Ratio Rank: 91
RSHO Martin Ratio Rank: 91

PBDCX

PBDCX Risk / Return Rank: 25
PBDCX Sharpe Ratio Rank: 26
PBDCX Sortino Ratio Rank: 21
PBDCX Omega Ratio Rank: 19
PBDCX Calmar Ratio Rank: 31
PBDCX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSHO vs. PBDCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and PIMCO Investment Grade Credit Bond Fund Class C (PBDCX). 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.

	RSHO	PBDCX	Difference
Sharpe ratio Return per unit of total volatility	1.83	0.62	+1.21
Sortino ratio Return per unit of downside risk	2.55	0.87	+1.68
Omega ratio Gain probability vs. loss probability	1.33	1.11	+0.22
Calmar ratio Return relative to maximum drawdown	3.18	0.87	+2.31
Martin ratio Return relative to average drawdown	11.76	2.88	+8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSHO vs. PBDCX - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 1.83, which is higher than the PBDCX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of RSHO and PBDCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RSHO	PBDCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	0.62	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.72	+0.54

Correlation

The correlation between RSHO and PBDCX is 0.21, 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

RSHO vs. PBDCX - Dividend Comparison

RSHO's dividend yield for the trailing twelve months is around 0.26%, less than PBDCX's 3.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSHO Tema American Reshoring ETF	0.26%	0.30%	0.26%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PBDCX PIMCO Investment Grade Credit Bond Fund Class C	3.39%	3.55%	3.21%	2.45%	2.46%	3.48%	2.69%	2.82%	3.04%	3.33%	2.76%	5.47%

Drawdowns

RSHO vs. PBDCX - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, which is greater than PBDCX's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for RSHO and PBDCX.

Drawdown Indicators

	RSHO	PBDCX	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-23.73%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-3.98%	-10.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.73%	—
Current Drawdown Current decline from peak	-10.42%	-6.98%	-3.44%
Average Drawdown Average peak-to-trough decline	-4.43%	-4.00%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	1.20%	+2.75%

Volatility

RSHO vs. PBDCX - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 11.13% compared to PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) at 2.21%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than PBDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	PBDCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.13%	2.21%	+8.92%
Volatility (6M) Calculated over the trailing 6-month period	17.64%	3.13%	+14.51%
Volatility (1Y) Calculated over the trailing 1-year period	25.94%	5.08%	+20.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.91%	6.32%	+15.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	5.72%	+16.19%