^GDAXI vs. BOND
^GDAXI (DAX Performance Index) is an index, while BOND (PIMCO Active Bond ETF) is Intermediate Core-Plus Bond fund actively managed by PIMCO. Over the past 10 years, ^GDAXI returned 9.44%/yr vs 1.98%/yr for BOND. At a correlation of -0.01, they often move in opposite directions.
Performance
^GDAXI vs. BOND - Performance Comparison
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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
The year-to-date returns for both stocks are quite close, with ^GDAXI having a 1.86% return and BOND slightly lower at 1.81%. Over the past 10 years, ^GDAXI has outperformed BOND with an annualized return of 9.44%, while BOND has yielded a comparatively lower 1.98% annualized return.
^GDAXI
- 1D
- 0.60%
- 1M
- 2.23%
- YTD
- 1.86%
- 6M
- 4.45%
- 1Y
- 2.75%
- 3Y*
- 16.04%
- 5Y*
- 9.71%
- 10Y*
- 9.44%
BOND
- 1D
- 0.05%
- 1M
- 1.02%
- YTD
- 1.81%
- 6M
- 1.11%
- 1Y
- 4.40%
- 3Y*
- 2.29%
- 5Y*
- 1.48%
- 10Y*
- 1.98%
^GDAXI vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GDAXI DAX Performance Index | 1.86% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
BOND PIMCO Active Bond ETF | 1.81% | -4.48% | 9.55% | 3.29% | -9.27% | 6.65% | -1.09% | 10.99% | 4.78% | -8.12% |
Correlation
The correlation between ^GDAXI and BOND is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | -0.01 |
The correlation between ^GDAXI and BOND shifts across timeframes, from -0.07 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
^GDAXI vs. BOND — Risk / Return Rank
^GDAXI
BOND
^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 ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.21 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.70 | 3.42 | -2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^GDAXI | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.76 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.19 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.25 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.48 | -0.07 |
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.
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Drawdown Indicators
| ^GDAXI | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -15.13% | -57.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -3.67% | -8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -11.89% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -12.33% | -14.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.78% | -15.13% | -23.65% |
Current DrawdownCurrent decline from peak | -1.87% | -5.54% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -5.28% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 1.33% | +2.59% |
Volatility
^GDAXI vs. BOND - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 5.14% compared to PIMCO Active Bond ETF (BOND) at 0.96%. 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.
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Volatility by Period
| ^GDAXI | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 0.96% | +4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 4.30% | +8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 5.85% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 7.87% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 7.82% | +10.53% |
Frequently Asked Questions
^GDAXI and BOND have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GDAXI has higher volatility (5.14%) compared to BOND (0.96%). In terms of maximum drawdown, ^GDAXI dropped -72.68% vs BOND's -15.13%.
BOND currently has the higher Sharpe Ratio (0.76 vs 0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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