SPLS vs. CORP

Last updated Jul 17, 2026

SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) and CORP (PIMCO Investment Grade Corporate Bond Index ETF) are both exchange-traded funds - SPLS is a Diversified Portfolio fund actively managed by PIMCO, while CORP is a Corporate Bonds fund tracking the ICE BofA US Corporate. SPLS is actively managed, while CORP is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. SPLS charges 0.18%/yr vs 0.20%/yr for CORP.

Performance

SPLS vs. CORP - 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 PIMCO Investment Grade Corporate Bond Index ETF (CORP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPLS

• 1D: -0.48%
• 1M: 0.23%
• 6M: 9.16%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CORP

• 1D: -0.02%
• 1M: -0.60%
• 6M: -0.08%
• YTD: 0.37%
• 1Y: 4.78%
• 3Y*: 5.26%
• 5Y*: 0.47%
• 10Y*: 2.56%

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

SPLS vs. CORP - Yearly Performance Comparison

	2026 (YTD)
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	9.16%
CORP PIMCO Investment Grade Corporate Bond Index ETF	-0.08%

Correlation

The correlation between SPLS and CORP is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	0.55

Return for Risk

SPLS vs. CORP — Risk / Return Rank

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

SPLS

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

CORP

CORP Risk / Return Rank: 39
CORP Sharpe Ratio Rank: 39
CORP Sortino Ratio Rank: 39
CORP Omega Ratio Rank: 36
CORP Calmar Ratio Rank: 40
CORP Martin Ratio Rank: 40

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.

SPLS vs. CORP - 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 PIMCO Investment Grade Corporate Bond Index ETF (CORP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPLS	CORP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.67	—
Martin ratio: Return relative to average drawdown	—	5.11	—

Drawdowns

SPLS vs. CORP - Drawdown Comparison

The maximum SPLS drawdown since its inception was -9.24%, smaller than the maximum CORP drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for SPLS and CORP.

Drawdown Indicators

	SPLS	CORP	Difference
Max Drawdown Largest peak-to-trough decline	-9.24%	-21.21%	+11.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.21%	—
Current Drawdown Current decline from peak	-0.86%	-1.26%	+0.40%
Average Drawdown Average peak-to-trough decline	-1.81%	-3.59%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	SPLS	CORP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	4.14%	+10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	6.89%	+8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	7.08%	+7.86%

SPLS vs. CORP - Expense Ratio Comparison

SPLS has a 0.18% expense ratio, which is lower than CORP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPLS vs. CORP - Dividend Comparison

SPLS's dividend yield for the trailing twelve months is around 0.55%, less than CORP's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CORP PIMCO Investment Grade Corporate Bond Index ETF	4.90%	4.77%	4.74%	4.12%	3.28%	2.51%	2.90%	3.25%	3.18%	3.08%	2.91%	3.14%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPLS and CORP in my portfolio?

SPLS and CORP have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPLS or CORP?

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 CORP?

SPLS is cheaper with a 0.18% expense ratio, compared with 0.20% for CORP.

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

CORP has the higher dividend yield at 4.90%, compared with 0.55% for SPLS.

What is the main difference between SPLS and CORP?

SPLS is categorized as Diversified Portfolio, while CORP is Corporate Bonds. Their fees differ too: 0.18% for SPLS and 0.20% for CORP.