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ETFs

PIMCO Ultra Short Government Active ETF

BILZ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 21, 2023
Expense Ratio
0.14%
Type
US Bonds
Fund Owner
PIMCO
Volume (1m avg. daily)
$1,221,028
AUM
$33,183,909
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
TREASURY BILL 01/24 0.00000
33.45%
—
TREASURY BILL 09/23 0.00000
28.62%
—
TREASURY BILL 12/23 0.00000
19.06%
—
TREASURY BILL 11/23 0.00000
8.96%
—
TREASURY BILL 01/24 0.00000
8.89%
—
TREASURY BILL 12/23 0.00000
8.03%
FMCC5356600
FEDERAL FARM CREDIT BANK BONDS 02/24 VAR
5.73%
—
WI TREASURY SEC. 01/24 0
5.04%
FHLN5475093
FEDERAL HOME LOAN BANK BONDS 12/23 VAR
2.79%
FFCD5110824
FEDERAL FARM CREDIT BANK BONDS 01/24 VAR
2.7%
Invest with BILZ
Trade BILZ Options

What is BILZ?

PIMCO Ultra Short Government Active ETF seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund invests 100% of its total assets in (i) cash, (ii) U.S. government securities, such as U.S. Treasury bills, notes, and other obligations issued by, or guaranteed as to principal and interest by, the U.S. government (including its agencies and instrumentalities), and (iii) repurchase agreements that are collateralized fully by such U.S. government securities or cash. The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in U.S. government securities. The dollar-weighted average portfolio maturity of this Fund may not exceed 120 days.

1M
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6M
YTD
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3Y
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BILZ
Performance Measures**

for the time period Jun 22, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 0.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -0.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 0.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 9.77

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 8.87

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBILZ

ETFs correlated to BILZ include EWJV, KRBN, BBJP

BILZ
Pimco Exchange Traded Fund - PIMCO Ultra Short Government Active Exchange-Traded Fund
EWJV
iShares Trust - iShares MSCI Japan Value ETF
KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
BBJP
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Japan ETF
FLJP
Franklin Templeton ETF Trust - Franklin FTSE Japan ETF
IPAC
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Pacific ETF
EWJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
HAUZ
DBX ETF Trust - Xtrackers International Real Estate ETF
TFLO
BlackRock Institutional Trust Company N.A. - iShares Treasury Floating Rate Bond ETF
VPL
Vanguard Group, Inc. - Vanguard FTSE Pacific ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BILZ is a US Bonds ETF. PIMCO Ultra Short Government Active ETF seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund invests 100% of its total assets in (i) cash, (ii) U.S. government securities, such as U.S. Treasury bills, notes, and other obligations issued by, or guaranteed as to principal and interest by, the U.S. government (including its agencies and instrumentalities), and (iii) repurchase agreements that are collateralized fully by such U.S. government securities or cash. The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in U.S. government securities. The dollar-weighted average portfolio maturity of this Fund may not exceed 120 days.

Yes, BILZ is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BILZ is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BILZ is 0.0043%. This is the percent change in the value of BILZ over the most recent 1-month period. The 3-month return on BILZ is 0.0135%. This is the percent change in the value of BILZ over the most recent 3-month period.

ETFs similar to BILZ include SHY, BIL, and TLT.

ETFs correlated to BILZ include EWJV, KRBN, and BBJP.

ETFs that are inversely correlated to BILZ include PWZ, MMIT, and FMHI.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.