ABNDX vs. PCGTX
ABNDX (The Bond Fund of America Class A) and PCGTX (PACE Mortgage-Backed Securities Fixed Income Investments) are both Intermediate Core Bond funds. Over the past 10 years, ABNDX returned 1.42%/yr vs 1.37%/yr for PCGTX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. ABNDX charges 0.59%/yr vs 0.73%/yr for PCGTX.
Performance
ABNDX vs. PCGTX - Performance Comparison
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Returns By Period
In the year-to-date period, ABNDX achieves a -1.17% return, which is significantly lower than PCGTX's 1.84% return. Both investments have delivered pretty close results over the past 10 years, with ABNDX having a 1.42% annualized return and PCGTX not far behind at 1.37%.
ABNDX
- 1D
- 0.18%
- 1M
- -1.33%
- 6M
- -1.23%
- YTD
- -1.17%
- 1Y
- 1.16%
- 3Y*
- 3.57%
- 5Y*
- -0.87%
- 10Y*
- 1.42%
- ALL TIME*
- 4.15%
PCGTX
- 1D
- 0.39%
- 1M
- -1.06%
- 6M
- 1.66%
- YTD
- 1.84%
- 1Y
- 5.30%
- 3Y*
- 4.89%
- 5Y*
- -0.05%
- 10Y*
- 1.37%
- ALL TIME*
- 3.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ABNDX vs. PCGTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABNDX The Bond Fund of America Class A | -1.17% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 1.84% | 7.84% | 0.98% | 5.12% | -13.48% | -0.61% | 5.75% | 6.55% | 0.17% | 2.83% |
Correlation
The correlation between ABNDX and PCGTX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | 0.76 |
The correlation between ABNDX and PCGTX shifts across timeframes, from 0.76 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ABNDX vs. PCGTX — Risk / Return Rank
ABNDX
PCGTX
ABNDX vs. PCGTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bond Fund of America Class A (ABNDX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX). 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.
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.
| ABNDX | PCGTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.26 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 2.25 | -1.85 |
| Martin ratioReturn relative to average drawdown | 0.95 | 6.10 | -5.14 |
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Drawdowns
ABNDX vs. PCGTX - Drawdown Comparison
The maximum ABNDX drawdown since its inception was -18.18%, smaller than the maximum PCGTX drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for ABNDX and PCGTX.
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Drawdown Indicators
| ABNDX | PCGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.18% | -19.34% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -3.09% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -6.80% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -19.19% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -18.18% | -19.34% | +1.16% |
Current DrawdownCurrent decline from peak | -4.29% | -2.44% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -1.85% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.11% | +0.20% |
Volatility
ABNDX vs. PCGTX - Volatility Comparison
The current volatility for The Bond Fund of America Class A (ABNDX) is 1.00%, while PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has a volatility of 1.58%. This indicates that ABNDX experiences smaller price fluctuations and is considered to be less risky than PCGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABNDX | PCGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.58% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 4.77% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 5.67% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 7.22% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.43% | -0.54% |
ABNDX vs. PCGTX - Expense Ratio Comparison
ABNDX has a 0.59% expense ratio, which is lower than PCGTX's 0.73% expense ratio.
Dividends
ABNDX vs. PCGTX - Dividend Comparison
ABNDX's dividend yield for the trailing twelve months is around 3.84%, less than PCGTX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX The Bond Fund of America Class A | 3.84% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 4.23% | 3.78% | 5.36% | 5.02% | 3.67% | 2.87% | 3.23% | 3.53% | 3.34% | 2.96% | 2.71% | 2.21% |
Frequently Asked Questions
ABNDX and PCGTX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCGTX has higher volatility (1.58%) compared to ABNDX (1.00%). In terms of maximum drawdown, ABNDX dropped -18.18% vs PCGTX's -19.34%.
PCGTX currently has the higher Sharpe Ratio (1.23 vs 0.34), 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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