SOFR vs. PYLD

Last updated Jun 3, 2026

SOFR (Amplify Samsung SOFR ETF) and PYLD (PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund) are both Multisector Bonds funds. SOFR is passively managed, while PYLD is actively managed. Over the past year, SOFR returned 3.93% vs 7.73% for PYLD. At a 0.03 correlation, their price movements are largely independent. SOFR charges 0.20%/yr vs 0.55%/yr for PYLD.

Performance

SOFR vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung SOFR ETF (SOFR) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOFR achieves a 1.45% return, which is significantly higher than PYLD's 1.18% return.

SOFR

• 1D: -0.01%
• 1M: 0.23%
• YTD: 1.45%
• 6M: 1.79%
• 1Y: 3.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PYLD

• 1D: 0.04%
• 1M: 0.57%
• YTD: 1.18%
• 6M: 1.73%
• 1Y: 7.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOFR vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOFR Amplify Samsung SOFR ETF	1.45%	4.27%	1.20%
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	1.18%	9.57%	-0.64%

Correlation

The correlation between SOFR and PYLD is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024	0.03

Return for Risk

SOFR vs. PYLD — Risk / Return Rank

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

SOFR

SOFR Risk / Return Rank: 97
SOFR Sharpe Ratio Rank: 97
SOFR Sortino Ratio Rank: 98
SOFR Omega Ratio Rank: 99
SOFR Calmar Ratio Rank: 96
SOFR Martin Ratio Rank: 97

PYLD

PYLD Risk / Return Rank: 70
PYLD Sharpe Ratio Rank: 77
PYLD Sortino Ratio Rank: 83
PYLD Omega Ratio Rank: 83
PYLD Calmar Ratio Rank: 47
PYLD Martin Ratio Rank: 60

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.

SOFR vs. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung SOFR ETF (SOFR) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.

	SOFR	PYLD	Difference
Sharpe ratio Return per unit of total volatility	4.69	2.53	+2.16
Sortino ratio Return per unit of downside risk	6.91	3.74	+3.18
Omega ratio Gain probability vs. loss probability	3.37	1.51	+1.86
Calmar ratio Return relative to maximum drawdown	9.70	2.34	+7.36
Martin ratio Return relative to average drawdown	40.33	10.71	+29.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOFR vs. PYLD - Sharpe Ratio Comparison

The current SOFR Sharpe Ratio is 4.69, which is higher than the PYLD Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of SOFR and PYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOFR	PYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.69	2.53	+2.16
Sharpe Ratio (All Time) Calculated using the full available price history	4.96	2.07	+2.89

Drawdowns

SOFR vs. PYLD - Drawdown Comparison

The maximum SOFR drawdown since its inception was -0.41%, smaller than the maximum PYLD drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for SOFR and PYLD.

Drawdown Indicators

	SOFR	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	-0.41%	-4.52%	+4.11%
Max Drawdown (1Y) Largest decline over 1 year	-0.41%	-3.25%	+2.84%
Current Drawdown Current decline from peak	-0.15%	-0.21%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.65%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	0.71%	-0.61%

Volatility

SOFR vs. PYLD - Volatility Comparison

The current volatility for Amplify Samsung SOFR ETF (SOFR) is 0.24%, while PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a volatility of 1.23%. This indicates that SOFR experiences smaller price fluctuations and is considered to be less risky than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOFR	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.24%	1.23%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	0.55%	2.50%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	0.84%	3.07%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.84%	3.99%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.84%	3.99%	-3.15%

SOFR vs. PYLD - Expense Ratio Comparison

SOFR has a 0.20% expense ratio, which is lower than PYLD's 0.55% expense ratio.

Dividends

SOFR vs. PYLD - Dividend Comparison

SOFR's dividend yield for the trailing twelve months is around 3.95%, less than PYLD's 6.28% yield.

Position	TTM	2025	2024	2023
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	6.28%	6.21%	6.40%	2.72%
SOFR Amplify Samsung SOFR ETF	3.95%	4.22%	1.60%	0.00%

Frequently Asked Questions

Can I hold both SOFR and PYLD in my portfolio?

SOFR and PYLD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOFR or PYLD?

PYLD has higher volatility (1.23%) compared to SOFR (0.24%). In terms of maximum drawdown, SOFR dropped -0.41% vs PYLD's -4.52%.

Which ETF is better, SOFR or PYLD?

On 1-year performance, PYLD leads with 7.73% vs 3.93% for SOFR. On fees, SOFR is cheaper at 0.20% per year. On volatility, SOFR has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOFR or PYLD?

Over the 1-year period, PYLD has performed better with a 7.73% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOFR or PYLD?

SOFR is cheaper with a 0.20% expense ratio, compared with 0.55% for PYLD.

Which ETF pays a higher dividend yield, SOFR or PYLD?

PYLD has the higher dividend yield at 6.28%, compared with 3.95% for SOFR.

What is the main difference between SOFR and PYLD?

They also come from different issuers: Amplify and PIMCO. Their fees differ too: 0.20% for SOFR and 0.55% for PYLD.

Which has better risk-adjusted returns?

SOFR currently has the higher Sharpe Ratio (4.69 vs 2.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.