- ISIN
- US6933908823
- Issuer
- PIMCO
- Inception Date
- Dec 1, 1992
- Category
- Global Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PFORX Performance Chart
PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) is up 0.5% since the beginning of the year. PFORX is currently trading at $10 per share. Investors who bought $1,000 worth of PFORX shares 5 years ago would now be looking at an investment worth $1,086.
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Returns By Period
PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has returned 0.53% so far this year and 3.21% over the past 12 months. Over the last ten years, PFORX has returned 2.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
PIMCO International Bond Fund (U.S. Dollar-Hedged)
- 1D
- 0.00%
- 1M
- 1.48%
- YTD
- 0.53%
- 6M
- 1.18%
- 1Y
- 3.21%
- 3Y*
- 5.60%
- 5Y*
- 1.67%
- 10Y*
- 2.92%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PFORX Monthly Returns History
Based on dividend-adjusted daily data since Dec 2, 1992, PFORX's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 70% of months were positive and 30% were negative. The best month was May 1995 with a return of +3.9%, while the worst month was Dec 1996 at -11.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PFORX closed higher 44% of trading days. The best single day was Apr 19, 1996 with a return of +1.5%, while the worst single day was Dec 13, 1996 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.51% | 1.00% | -3.04% | 0.54% | 1.17% | 0.41% | 0.53% | ||||||
| 2025 | 0.56% | 0.33% | -0.63% | 0.98% | 0.07% | 0.99% | -0.03% | 0.48% | 0.45% | 1.24% | -0.12% | -0.06% | 4.33% |
| 2024 | -0.19% | 0.01% | 1.39% | -0.85% | 0.41% | 0.60% | 1.42% | 0.39% | 1.28% | -0.82% | 1.80% | 0.15% | 5.70% |
| 2023 | 2.25% | -0.86% | 1.47% | 0.32% | 0.04% | 0.33% | 0.35% | 0.28% | -0.84% | -0.16% | 2.73% | 3.34% | 9.52% |
| 2022 | -0.72% | -1.66% | -1.39% | -1.98% | -0.94% | -2.21% | 2.46% | -2.31% | -2.87% | 0.75% | 1.68% | -1.52% | -10.33% |
| 2021 | -0.06% | -1.42% | 0.13% | -0.03% | 0.12% | 0.03% | 1.05% | -0.25% | -0.90% | -0.63% | 0.67% | -0.38% | -1.67% |
Benchmark Metrics
PIMCO International Bond Fund (U.S. Dollar-Hedged) has an annualized alpha of 5.76%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 02, 1992.
- This fund captured 17.71% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.65%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.76%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 17.71%
- Downside Capture
- -2.65%
Expense Ratio
PFORX has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFORX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFORX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.78 | -2.00 |
| Martin ratioReturn relative to average drawdown | 2.32 | 12.44 | -10.12 |
Dividends
Dividend History
PIMCO International Bond Fund (U.S. Dollar-Hedged) provided a 4.09% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.42 | $0.49 | $0.30 | $0.34 | $0.17 | $0.27 | $0.74 | $0.31 | $0.16 | $0.14 | $0.90 |
Dividend yield | 4.09% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO International Bond Fund (U.S. Dollar-Hedged). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.42 |
| 2024 | $0.02 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.49 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.21 | $0.34 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO International Bond Fund (U.S. Dollar-Hedged). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO International Bond Fund (U.S. Dollar-Hedged) was 13.87%, occurring on Oct 12, 2022. Recovery took 477 trading sessions.
The current PIMCO International Bond Fund (U.S. Dollar-Hedged) drawdown is 0.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.87%Oct 2022 | 1y 9mo | 1y 11mo | 3y 8moJan 2021 - Sep 2024 |
1996 correction1996 | -13.32%Dec 1996 | 10d | 1y 7mo | 1y 8moDec 1996 - Jul 1998 |
Financial crisis2007–2009 | -10.35%Dec 2008 | 9mo 11d | 6mo 14d | 1y 3moMar 2008 - Jun 2009 |
1994 pullback1994 | -9.89%Jun 1994 | 5mo 8d | 11mo 21d | 1y 4moJan 1994 - Jun 1995 |
COVID crash2020 | -7.33%Mar 2020 | 13d | 4mo 3d | 4mo 16dMar 2020 - Jul 2020 |
Drawdown Indicators
| PFORX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -56.78% | +42.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -9.10% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -18.90% | +14.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -25.43% | +11.72% |
Max Drawdown (10Y)Largest decline over 10 years | -13.87% | -33.92% | +20.05% |
Current DrawdownCurrent decline from peak | -0.97% | -1.80% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -10.71% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.03% | -0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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