PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) belongs to the Global Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PAIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAIIX
PAIIX charges 0.90% annually. There are 54 mutual funds in the Global Bonds category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity International Bond Index Fund | 0.06% | — | Oct 2019 | PAIIX vs FBIIX | |
| Vanguard Total International Bond II Index Fund | 0.07% | — | Feb 2021 | PAIIX vs VTILX | |
| Vanguard Total International Bond Index Fund Admir... | 0.10% | 122.00B | May 2013 | PAIIX vs VTABX | |
| Vanguard Total International Bond II Index Fund In... | 0.11% | — | Feb 2021 | PAIIX vs VTIIX | |
| Vanguard Total International Bond Index Fund | 0.13% | — | May 2013 | PAIIX vs VTIBX |
Best Risk-Adjusted Alternatives to PAIIX
PAIIX has a PortfoliosLab risk / return rank of 18. There are 32 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 100 | — | Feb 1996 | PAIIX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | 98 | — | Mar 2017 | PAIIX vs DGFFX | |
| Eaton Vance Global Bond Fund | 93 | — | Jun 2007 | PAIIX vs EAIIX | |
| Payden Global Low Duration Fund | 87 | — | Sep 1996 | PAIIX vs PYGSX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 85 | — | Dec 2008 | PAIIX vs PRSNX |
Top Performing PAIIX Alternatives (YTD)
PAIIX is at -0.34% YTD. There are 54 mutual funds in the Global Bonds category with higher YTD returns, going as high as 3.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Bond Fund | 3.98% | — | Jun 2007 | PAIIX vs EAIIX | |
| Destinations Global Fixed Income Opportunities Fun... | 3.13% | — | Mar 2017 | PAIIX vs DGFFX | |
| Dunham International Opportunity Bond Fund | 2.81% | — | Oct 2013 | PAIIX vs DAIOX | |
| Templeton Global Bond Fund | 2.42% | — | Sep 1986 | PAIIX vs TPINX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 2.36% | — | Dec 2008 | PAIIX vs PRSNX |
Lowest Volatility Alternatives to PAIIX
PAIIX has 4.12% 1-year volatility. There are 43 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 0.70%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.70% | — | Feb 1996 | PAIIX vs DFGFX | |
| DFA Five Year Global Fixed Income Portfolio | 1.53% | — | Nov 1990 | PAIIX vs DFGBX | |
| Payden Global Low Duration Fund | 1.56% | — | Sep 1996 | PAIIX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 1.63% | — | Jan 2008 | PAIIX vs DFSHX | |
| SA Global Fixed Income Fund | 1.99% | — | Jul 1999 | PAIIX vs SAXIX |
Lowest Drawdown Alternatives to PAIIX
PAIIX has a 1-year max drawdown of -4.25%. There are 49 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | -0.10% | — | Feb 1996 | PAIIX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | -1.19% | — | Mar 2017 | PAIIX vs DGFFX | |
| Payden Global Low Duration Fund | -1.23% | — | Sep 1996 | PAIIX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | -1.28% | — | Jan 2008 | PAIIX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | -1.38% | — | Nov 1990 | PAIIX vs DFGBX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 59 | 0.98% | — | Mar 2007 | PAIIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 2 | -1.50% | — | Dec 2002 | PAIIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 53 | 0.78% | — | Apr 2007 | PAIIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 36 | 0.47% | — | May 1987 | PAIIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 8 | -1.68% | — | Dec 2001 | PAIIX vs PCN | |
| PIMCO Income Fund Class I-2 | Multisector Bonds | 57 | 0.93% | — | Apr 2008 | PAIIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 40 | 8.23% | — | Aug 2007 | PAIIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 16 | 2.44% | — | Oct 2004 | PAIIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 11 | -0.06% | — | Dec 1992 | PAIIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 44 | 13.06% | — | Oct 2003 | PAIIX vs PISIX |
Often Compared With PAIIX
Investors most often compare PAIIX with CGBL, MTCIX, SGOV. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare PAIIX with Any Fund or Stock
Compare PAIIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAIIX with funds that move differently
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAIIX.
Explore PAIIX Diversifiers