^GDAXI vs. BOND

Last updated Apr 2, 2026

Compare and contrast key facts about DAX Performance Index (^GDAXI) and PIMCO Active Bond ETF (BOND).

BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.

Performance

^GDAXI vs. BOND - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in DAX Performance Index (^GDAXI) and PIMCO Active Bond ETF (BOND). The values are adjusted to include any dividend payments, if applicable.

^GDAXI vs. BOND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GDAXI DAX Performance Index	-4.87%	23.01%	18.85%	20.31%	-12.35%	15.79%	3.55%	25.48%	-18.26%	12.51%
BOND PIMCO Active Bond ETF	1.64%	-4.48%	9.55%	3.29%	-9.27%	6.65%	-1.09%	10.99%	4.78%	-8.12%

Different Trading Currencies

^GDAXI is traded in EUR, while BOND is traded in USD. To make them comparable, the BOND values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^GDAXI achieves a -4.87% return, which is significantly lower than BOND's 1.64% return. Over the past 10 years, ^GDAXI has outperformed BOND with an annualized return of 9.05%, while BOND has yielded a comparatively lower 2.10% annualized return.

^GDAXI

• 1D: 2.73%
• 1M: -5.44%
• YTD: -4.87%
• 6M: -3.38%
• 1Y: 3.37%
• 3Y*: 14.24%
• 5Y*: 9.05%
• 10Y*: 9.05%

BOND

• 1D: 0.02%
• 1M: -0.50%
• YTD: 1.64%
• 6M: 2.74%
• 1Y: -2.15%
• 3Y*: 2.56%
• 5Y*: 1.00%
• 10Y*: 2.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^GDAXI vs. BOND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GDAXI

^GDAXI Risk / Return Rank: 25
^GDAXI Sharpe Ratio Rank: 24
^GDAXI Sortino Ratio Rank: 22
^GDAXI Omega Ratio Rank: 22
^GDAXI Calmar Ratio Rank: 28
^GDAXI Martin Ratio Rank: 30

BOND

BOND Risk / Return Rank: 53
BOND Sharpe Ratio Rank: 56
BOND Sortino Ratio Rank: 53
BOND Omega Ratio Rank: 47
BOND Calmar Ratio Rank: 60
BOND Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^GDAXI vs. BOND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and PIMCO Active Bond ETF (BOND). 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.

	^GDAXI	BOND	Difference
Sharpe ratio Return per unit of total volatility	0.19	-0.27	+0.46
Sortino ratio Return per unit of downside risk	0.38	-0.29	+0.67
Omega ratio Gain probability vs. loss probability	1.05	0.96	+0.09
Calmar ratio Return relative to maximum drawdown	0.33	-0.19	+0.52
Martin ratio Return relative to average drawdown	1.12	-0.33	+1.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GDAXI vs. BOND - Sharpe Ratio Comparison

The current ^GDAXI Sharpe Ratio is 0.19, which is higher than the BOND Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of ^GDAXI and BOND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^GDAXI	BOND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	-0.27	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.13	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.27	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.48	-0.07

Correlation

The correlation between ^GDAXI and BOND is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Drawdowns

^GDAXI vs. BOND - Drawdown Comparison

The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than BOND's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and BOND.

Drawdown Indicators

	^GDAXI	BOND	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-19.71%	-52.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-3.29%	-8.98%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-19.71%	-6.69%
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	-19.71%	-19.07%
Current Drawdown Current decline from peak	-8.35%	-1.94%	-6.41%
Average Drawdown Average peak-to-trough decline	-14.75%	-3.53%	-11.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	1.13%	+2.49%

Volatility

^GDAXI vs. BOND - Volatility Comparison

DAX Performance Index (^GDAXI) has a higher volatility of 6.90% compared to PIMCO Active Bond ETF (BOND) at 2.19%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^GDAXI	BOND	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	2.19%	+4.71%
Volatility (6M) Calculated over the trailing 6-month period	11.31%	4.42%	+6.89%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	8.08%	+9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	7.91%	+8.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	7.87%	+10.43%