BOND vs. PDIIX
BOND (PIMCO Active Bond ETF) and PDIIX (PIMCO Diversified Income Fund) are both funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while PDIIX is a Multisector Bonds fund managed by PIMCO. Over the past 10 years, BOND returned 1.96%/yr vs 3.90%/yr for PDIIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. BOND charges 0.54%/yr vs 0.75%/yr for PDIIX.
Performance
BOND vs. PDIIX - Performance Comparison
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Returns By Period
In the year-to-date period, BOND achieves a -0.31% return, which is significantly lower than PDIIX's 0.69% return. Over the past 10 years, BOND has underperformed PDIIX with an annualized return of 1.96%, while PDIIX has yielded a comparatively higher 3.90% 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%
PDIIX
- 1D
- 0.10%
- 1M
- -1.40%
- 6M
- 0.04%
- YTD
- 0.69%
- 1Y
- 5.22%
- 3Y*
- 7.62%
- 5Y*
- 2.09%
- 10Y*
- 3.90%
- ALL TIME*
- 5.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.87M | $49.77M | $50.25M | |
| $0.00 | $0.00 | $0.00 |
BOND vs. PDIIX - 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% |
PDIIX PIMCO Diversified Income Fund | 0.69% | 10.42% | 6.35% | 10.41% | -14.70% | 0.42% | 6.43% | 13.05% | -0.97% | 8.87% |
Correlation
The correlation between BOND and PDIIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.55 |
The correlation between BOND and PDIIX shifts across timeframes, from 0.55 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BOND vs. PDIIX — Risk / Return Rank
BOND
PDIIX
BOND vs. PDIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and PIMCO Diversified Income Fund (PDIIX). 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 | PDIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.72 | -0.44 |
| Martin ratioReturn relative to average drawdown | 3.47 | 6.69 | -3.21 |
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Drawdowns
BOND vs. PDIIX - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum PDIIX drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for BOND and PDIIX.
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Drawdown Indicators
| BOND | PDIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -21.96% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -3.55% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.21% | -3.94% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -20.50% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -20.50% | +0.79% |
Current DrawdownCurrent decline from peak | -2.34% | -1.50% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -2.80% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.91% | +0.20% |
Volatility
BOND vs. PDIIX - Volatility Comparison
PIMCO Active Bond ETF (BOND) has a higher volatility of 1.15% compared to PIMCO Diversified Income Fund (PDIIX) at 0.91%. This indicates that BOND's price experiences larger fluctuations and is considered to be riskier than PDIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOND | PDIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.91% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 3.27% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 3.87% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 5.02% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 4.89% | +0.21% |
BOND vs. PDIIX - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is lower than PDIIX's 0.75% expense ratio.
Dividends
BOND vs. PDIIX - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.25%, more than PDIIX's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 4.81% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
PDIIX PIMCO Diversified Income Fund | 5.16% | 5.42% | 5.18% | 4.66% | 3.91% | 3.65% | 3.68% | 5.04% | 4.46% | 4.84% | 4.94% | 7.68% |
Frequently Asked Questions
BOND and PDIIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOND has higher volatility (1.15%) compared to PDIIX (0.91%). In terms of maximum drawdown, BOND dropped -19.71% vs PDIIX's -21.96%.
PDIIX currently has the higher Sharpe Ratio (1.58 vs 0.96), 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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