SPLS vs. ASET

Last updated Jun 5, 2026

SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds. SPLS is actively managed, while ASET is passively managed. SPLS charges 0.18%/yr vs 0.57%/yr for ASET.

Performance

SPLS vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPLS

• 1D: 0.35%
• 1M: 4.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPLS vs. ASET - Yearly Performance Comparison

	2026 (YTD)
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	9.91%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

SPLS vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPLS	ASET	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	—	—

Drawdowns

SPLS vs. ASET - Drawdown Comparison

The maximum SPLS drawdown since its inception was -9.24%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPLS and ASET.

Drawdown Indicators

	SPLS	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-9.24%	0.00%	-9.24%
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-1.84%	0.00%	-1.84%

Volatility

Volatility by Period

	SPLS	ASET	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	0.00%	+14.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	0.00%	+14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	0.00%	+14.94%

SPLS vs. ASET - Expense Ratio Comparison

SPLS has a 0.18% expense ratio, which is lower than ASET's 0.57% expense ratio.

Dividends

SPLS vs. ASET - Dividend Comparison

SPLS's dividend yield for the trailing twelve months is around 0.22%, while ASET has not paid dividends to shareholders.

Position	TTM
ASET FlexShares Real Assets Allocation Index Fund	0.00%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.22%

Frequently Asked Questions

Which ETF is better, SPLS or ASET?

On fees, SPLS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPLS or ASET?

SPLS is cheaper with a 0.18% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, SPLS or ASET?

SPLS has the higher dividend yield at 0.22%, compared with 0.00% for ASET.

What is the main difference between SPLS and ASET?

They also come from different issuers: PIMCO and Northern Trust. Their fees differ too: 0.18% for SPLS and 0.57% for ASET.