WABF vs. PYLD
Compare and contrast key facts about Western Asset Bond ETF (WABF) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).
WABF and PYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WABF is an actively managed fund by Franklin. It was launched on Sep 19, 2023. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WABF or PYLD.
Correlation
The correlation between WABF and PYLD 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.
Performance
WABF vs. PYLD - Performance Comparison
Key characteristics
WABF:
1.16
PYLD:
2.60
WABF:
1.68
PYLD:
3.77
WABF:
1.20
PYLD:
1.53
WABF:
1.37
PYLD:
3.46
WABF:
3.11
PYLD:
12.52
WABF:
2.36%
PYLD:
0.77%
WABF:
6.35%
PYLD:
3.68%
WABF:
-5.36%
PYLD:
-4.52%
WABF:
-1.76%
PYLD:
-0.83%
Returns By Period
In the year-to-date period, WABF achieves a 2.56% return, which is significantly higher than PYLD's 2.16% return.
WABF
2.56%
0.44%
1.79%
7.71%
N/A
N/A
PYLD
2.16%
-0.04%
2.91%
9.85%
N/A
N/A
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WABF vs. PYLD - Expense Ratio Comparison
WABF has a 0.35% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Risk-Adjusted Performance
WABF vs. PYLD — Risk-Adjusted Performance Rank
WABF
PYLD
WABF vs. PYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Bond ETF (WABF) 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.
Dividends
WABF vs. PYLD - Dividend Comparison
WABF's dividend yield for the trailing twelve months is around 6.62%, more than PYLD's 5.94% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
WABF Western Asset Bond ETF | 6.62% | 6.25% | 1.46% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 5.94% | 5.97% | 2.72% |
Drawdowns
WABF vs. PYLD - Drawdown Comparison
The maximum WABF drawdown since its inception was -5.36%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for WABF and PYLD. For additional features, visit the drawdowns tool.
Volatility
WABF vs. PYLD - Volatility Comparison
Western Asset Bond ETF (WABF) has a higher volatility of 2.91% compared to PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.94%. This indicates that WABF's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.