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 1.96%/yr vs 10.00%/yr for ^GDAXI. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
BOND vs. ^GDAXI - Performance Comparison
Loading charts...
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
In the year-to-date period, BOND achieves a -0.31% return, which is significantly lower than ^GDAXI's 2.62% return. Over the past 10 years, BOND has underperformed ^GDAXI with an annualized return of 1.96%, while ^GDAXI has yielded a comparatively higher 10.00% annualized return.
BOND
- 1D
- -0.33%
- 1M
- -1.43%
- 6M
- -0.84%
- YTD
- -0.31%
- 1Y
- 3.01%
- 3Y*
- 4.85%
- 5Y*
- 0.00%
- 10Y*
- 1.96%
- ALL TIME*
- 2.88%
^GDAXI
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 1.53%
- YTD
- 2.62%
- 1Y
- 8.77%
- 3Y*
- 18.29%
- 5Y*
- 9.86%
- 10Y*
- 10.00%
- ALL TIME*
- 5.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GDAXI DAX Performance Index | $1.39T | $1.46T | $1.75T |
| $46.87M | $49.77M | $50.25M |
BOND vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | -0.31% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
^GDAXI DAX Performance Index | 2.62% | 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 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.04 |
Over the past year, BOND and ^GDAXI have become more correlated (0.33) than their long-term average of 0.04, 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
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.
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.
| BOND | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.52 | +0.76 |
| Martin ratioReturn relative to average drawdown | 3.47 | 1.60 | +1.87 |
Loading charts...
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.
Loading charts...
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 | -5.21% | -15.86% | +10.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -38.41% | +18.70% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -44.80% | +25.09% |
Current DrawdownCurrent decline from peak | -2.34% | -1.50% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -14.85% | +11.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 4.67% | -3.56% |
Volatility
BOND vs. ^GDAXI - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.15%, while DAX Performance Index (^GDAXI) has a volatility of 4.48%. 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.
Loading charts...
Volatility by Period
| BOND | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 4.48% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 15.10% | -11.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 17.74% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 20.29% | -14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 20.19% | -15.09% |
Frequently Asked Questions
BOND and ^GDAXI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GDAXI has higher volatility (4.48%) compared to BOND (1.15%). In terms of maximum drawdown, BOND dropped -19.71% vs ^GDAXI's -60.99%.
BOND currently has the higher Sharpe Ratio (0.96 vs 0.42), 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 BOND and ^GDAXI
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