BNDX vs. PFIIX
BNDX (Vanguard Total International Bond ETF) and PFIIX (PIMCO Low Duration Income Fund) are both funds - BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while PFIIX is a Short-Term Bond fund managed by PIMCO. Over the past 10 years, BNDX returned 1.69%/yr vs 4.78%/yr for PFIIX. At a 0.16 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.50%/yr for PFIIX.
Performance
BNDX vs. PFIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNDX achieves a 0.85% return, which is significantly lower than PFIIX's 1.10% return. Over the past 10 years, BNDX has underperformed PFIIX with an annualized return of 1.69%, while PFIIX has yielded a comparatively higher 4.78% annualized return.
BNDX
- 1D
- 0.58%
- 1M
- 1.01%
- YTD
- 0.85%
- 6M
- 0.99%
- 1Y
- 1.99%
- 3Y*
- 4.13%
- 5Y*
- 0.29%
- 10Y*
- 1.69%
PFIIX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.10%
- 6M
- 1.56%
- 1Y
- 6.73%
- 3Y*
- 7.37%
- 5Y*
- 3.98%
- 10Y*
- 4.78%
BNDX vs. PFIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.85% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
PFIIX PIMCO Low Duration Income Fund | 1.10% | 9.56% | 6.58% | 7.78% | -5.29% | 2.38% | 4.84% | 6.72% | 1.56% | 6.05% |
Correlation
The correlation between BNDX and PFIIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.16 |
Over the past year, BNDX and PFIIX have become more correlated (0.64) than their long-term average of 0.16, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNDX vs. PFIIX — Risk / Return Rank
BNDX
PFIIX
BNDX vs. PFIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and PIMCO Low Duration Income Fund (PFIIX). 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.
| BNDX | PFIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.61 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.27 | -2.58 |
| Martin ratioReturn relative to average drawdown | 1.90 | 13.92 | -12.02 |
Loading charts...
Drawdowns
BNDX vs. PFIIX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum PFIIX drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for BNDX and PFIIX.
Loading charts...
Drawdown Indicators
| BNDX | PFIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -28.35% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.16% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -2.23% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -8.84% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -11.72% | -4.51% |
Current DrawdownCurrent decline from peak | -1.18% | -0.36% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -2.60% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.50% | +0.55% |
Volatility
BNDX vs. PFIIX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.50% compared to PIMCO Low Duration Income Fund (PFIIX) at 1.03%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than PFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNDX | PFIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.03% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.20% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 2.77% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 3.18% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 3.17% | +0.93% |
BNDX vs. PFIIX - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than PFIIX's 0.50% expense ratio.
Dividends
BNDX vs. PFIIX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.48%, less than PFIIX's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.48% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
PFIIX PIMCO Low Duration Income Fund | 5.29% | 5.49% | 5.37% | 4.97% | 5.35% | 3.06% | 3.44% | 4.74% | 3.22% | 3.13% | 3.75% | 5.36% |
Frequently Asked Questions
BNDX and PFIIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.50%) compared to PFIIX (1.03%). In terms of maximum drawdown, BNDX dropped -16.23% vs PFIIX's -28.35%.
PFIIX currently has the higher Sharpe Ratio (2.55 vs 0.58), 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.
Find the right allocation for BNDX and PFIIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer