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PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

CORP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2010
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
PIMCO
Volume (1m avg. daily)
$21,908,302
AUM
$795,294,000
Associated Index
ICE BofA US Corporate Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
US DOLLAR
2.67%
n/a
NET OTHER ASSETS
1.38%
n/a
US TREASURY N/B
0.92%
n/a
US TREASURY N/B
0.76%
BCS26
Barclays plc - 4.375% NT REDEEM 12/01/2026 USD 200000
0.53%
WFC5448330
WELLS FARGO + COMPANY SR UNSECURED 07/33 VAR
0.52%
BUD/46A
Anheuser-Busch InBev Finance Inc. - 4.90% NT REDEEM 01/02/2046 USD
0.50%
n/a
US TREASURY N/B
0.50%
C5415948
CITIGROUP INC SR UNSECURED 05/33 VAR
0.47%
n/a
Mizuho Fin Group 2.839 % Notes 2016-13.09.26 Global
0.46%
Invest with CORP

What is CORP?

ICE BofA US Corporate Index is an unmanaged index comprised of U.S. dollar denominated investment grade fixed rate corporate debt securities publicly issued in the U.S. domestic market with at least one year remaining term to final maturity and at least $250 million outstanding. It is not possible to invest directly in an unmanaged index.

ETFs related toCORP

ETFs correlated to CORP include GIGB, VCEB, LQD

CORP
Pimco Exchange Traded Fund - PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
IGEB
BlackRock Institutional Trust Company N.A. - iShares Investment Grade Bond Factor ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond 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.

Automated Strategies
Related toCORP

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with CORP using Composer

FAQ

CORP is a US Bonds ETF. ICE BofA US Corporate Index is an unmanaged index comprised of U.S. dollar denominated investment grade fixed rate corporate debt securities publicly issued in the U.S. domestic market with at least one year remaining term to final maturity and at least $250 million outstanding. It is not possible to invest directly in an unmanaged index.

The top holdings for CORP include US DOLLAR, NET OTHER ASSETS, and US TREASURY N/B.

CORP has 1211 total holdings.

CORP tracks the ICE BofA US Corporate Index.

No, CORP is not actively managed. It is passively 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.

Yes, CORP is passively 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 CORP is 0.0096%. This is the percent change in the value of CORP over the most recent 1-month period. The 3-month return on CORP is 0.079%. This is the percent change in the value of CORP over the most recent 3-month period.

The standard deviation of CORP for the past year is 0.1014%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CORP include VCSH, JNK, and HYG.

ETFs correlated to CORP include GIGB, VCEB, and LQD.

ETFs that are inversely correlated to CORP include TBX, TYO, and PST.

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.