BOND vs. ^GDAXI
BOND (PIMCO Active Bond ETF) is Intermediate Core-Plus Bond fund actively managed by PIMCO, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, BOND returned 2.21%/yr vs 9.69%/yr for ^GDAXI. At a 0.04 correlation, their price movements are largely independent.
Performance
BOND vs. ^GDAXI - Performance Comparison
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Different Trading Currencies
BOND is traded in USD, while ^GDAXI is traded in EUR. To make them comparable, the ^GDAXI values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with BOND having a 0.66% return and ^GDAXI slightly higher at 0.68%. Over the past 10 years, BOND has underperformed ^GDAXI with an annualized return of 2.21%, while ^GDAXI has yielded a comparatively higher 9.69% annualized return.
BOND
- 1D
- 0.19%
- 1M
- 0.35%
- YTD
- 0.66%
- 6M
- 0.84%
- 1Y
- 6.19%
- 3Y*
- 5.08%
- 5Y*
- 0.54%
- 10Y*
- 2.21%
^GDAXI
- 1D
- 0.72%
- 1M
- 1.53%
- YTD
- 0.68%
- 6M
- 4.16%
- 1Y
- 4.52%
- 3Y*
- 19.21%
- 5Y*
- 8.70%
- 10Y*
- 9.69%
BOND vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.66% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
^GDAXI DAX Performance Index | 0.68% | 38.87% | 12.05% | 24.11% | -17.17% | 6.66% | 13.66% | 22.83% | -22.10% | 28.42% |
Correlation
The correlation between BOND and ^GDAXI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.04 |
Over the past year, BOND and ^GDAXI have become more correlated (0.32) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
BOND vs. ^GDAXI — Risk / Return Rank
BOND
^GDAXI
BOND vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and DAX Performance Index (^GDAXI). 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.
| BOND | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.06 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.31 | +1.75 |
| Martin ratioReturn relative to average drawdown | 6.56 | 0.99 | +5.56 |
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
| BOND | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.26 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.42 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.47 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.23 | +0.41 |
Drawdowns
BOND vs. ^GDAXI - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum ^GDAXI drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for BOND and ^GDAXI.
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Drawdown Indicators
| BOND | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -60.99% | +41.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -14.36% | +11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -15.86% | +9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -39.06% | +19.35% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -44.80% | +25.09% |
Current DrawdownCurrent decline from peak | -1.39% | -3.36% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -14.85% | +11.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 4.52% | -3.57% |
Volatility
BOND vs. ^GDAXI - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.41%, while DAX Performance Index (^GDAXI) has a volatility of 5.64%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOND | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 5.64% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 14.39% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 17.56% | -13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 20.28% | -14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 20.54% | -15.45% |
Frequently Asked Questions
BOND and ^GDAXI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GDAXI has higher volatility (5.64%) compared to BOND (1.41%). In terms of maximum drawdown, BOND dropped -19.71% vs ^GDAXI's -60.99%.
BOND currently has the higher Sharpe Ratio (1.58 vs 0.26), 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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