SPLS vs. MDAA

Last updated Jun 5, 2026

SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. SPLS charges 0.18%/yr vs 0.97%/yr for MDAA.

Performance

SPLS vs. MDAA - 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 Myriad Dynamic Asset Allocation ETF (MDAA). 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*: —

MDAA

• 1D: -0.45%
• 1M: 5.56%
• YTD: 21.57%
• 6M: 21.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPLS vs. MDAA - Yearly Performance Comparison

	2026 (YTD)
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	9.75%
MDAA Myriad Dynamic Asset Allocation ETF	16.21%

Correlation

The correlation between SPLS and MDAA is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.86

Return for Risk

SPLS vs. MDAA - 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 Myriad Dynamic Asset Allocation ETF (MDAA). 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	MDAA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	1.42	+0.46

Drawdowns

SPLS vs. MDAA - Drawdown Comparison

The maximum SPLS drawdown since its inception was -9.24%, smaller than the maximum MDAA drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for SPLS and MDAA.

Drawdown Indicators

	SPLS	MDAA	Difference
Max Drawdown Largest peak-to-trough decline	-9.24%	-14.59%	+5.35%
Current Drawdown Current decline from peak	-0.31%	-1.56%	+1.25%
Average Drawdown Average peak-to-trough decline	-1.84%	-2.92%	+1.08%

Volatility

Volatility by Period

	SPLS	MDAA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	23.82%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	23.82%	-8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	23.82%	-8.88%

SPLS vs. MDAA - Expense Ratio Comparison

SPLS has a 0.18% expense ratio, which is lower than MDAA's 0.97% expense ratio.

Dividends

SPLS vs. MDAA - Dividend Comparison

SPLS's dividend yield for the trailing twelve months is around 0.22%, less than MDAA's 0.38% yield.

Position	TTM	2025
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.22%	0.00%

Frequently Asked Questions

Can I hold both SPLS and MDAA in my portfolio?

SPLS and MDAA have a correlation of 0.86, 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 MDAA?

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 MDAA?

SPLS is cheaper with a 0.18% expense ratio, compared with 0.97% for MDAA.

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

MDAA has the higher dividend yield at 0.38%, compared with 0.22% for SPLS.

What is the main difference between SPLS and MDAA?

They also come from different issuers: PIMCO and Myriad. Their fees differ too: 0.18% for SPLS and 0.97% for MDAA.