DFIP vs. PEBIX

Last updated Aug 2, 2026

DFIP (Dimensional Inflation-Protected Securities ETF) and PEBIX (PIMCO Emerging Markets Bond Fund) are both funds - DFIP is a Inflation-Protected Bonds fund actively managed by Dimensional, while PEBIX is a Emerging Markets Bonds fund managed by PIMCO. Over the past 3 years, DFIP returned 4.00%/yr vs 9.89%/yr for PEBIX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. DFIP charges 0.11%/yr vs 0.83%/yr for PEBIX.

Performance

DFIP vs. PEBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Inflation-Protected Securities ETF (DFIP) and PIMCO Emerging Markets Bond Fund (PEBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFIP achieves a 0.49% return, which is significantly lower than PEBIX's 1.48% return.

DFIP

• 1D: -0.11%
• 1M: -0.72%
• 6M: -0.13%
• YTD: 0.49%
• 1Y: 1.63%
• 3Y*: 4.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.03%

PEBIX

• 1D: -0.11%
• 1M: -1.76%
• 6M: 0.37%
• YTD: 1.48%
• 1Y: 8.54%
• 3Y*: 9.89%
• 5Y*: 2.65%
• 10Y*: 3.98%
• ALL TIME*: 7.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFIP Dimensional Inflation-Protected Securities ETF	$6.84M	$5.52M	$4.60M
PEBIX PIMCO Emerging Markets Bond Fund	$0.00	$0.00	$0.00

DFIP vs. PEBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFIP Dimensional Inflation-Protected Securities ETF	0.49%	7.54%	1.72%	4.07%	-12.39%	-0.37%
PEBIX PIMCO Emerging Markets Bond Fund	1.48%	15.48%	7.83%	11.48%	-17.48%	-0.23%

Correlation

The correlation between DFIP and PEBIX is 0.51, 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.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.54

The correlation between DFIP and PEBIX has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.

Return for Risk

DFIP vs. PEBIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFIP

DFIP Risk / Return Rank: 29
DFIP Sharpe Ratio Rank: 29
DFIP Sortino Ratio Rank: 27
DFIP Omega Ratio Rank: 25
DFIP Calmar Ratio Rank: 34
DFIP Martin Ratio Rank: 32

PEBIX

PEBIX Risk / Return Rank: 81
PEBIX Sharpe Ratio Rank: 85
PEBIX Sortino Ratio Rank: 89
PEBIX Omega Ratio Rank: 84
PEBIX Calmar Ratio Rank: 71
PEBIX Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFIP vs. PEBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and PIMCO Emerging Markets Bond Fund (PEBIX). 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.

	DFIP	PEBIX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	2.07	-1.39
Sortino ratio: Return per unit of downside risk	1.02	3.32	-2.29
Omega ratio: Gain probability vs. loss probability	1.12	1.40	-0.28
Calmar ratio: Return relative to maximum drawdown	1.14	2.31	-1.16
Martin ratio: Return relative to average drawdown	3.00	9.39	-6.38

DFIP vs. PEBIX - Sharpe Ratio Comparison

The current DFIP Sharpe Ratio is 0.68, which is lower than the PEBIX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of DFIP and PEBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFIP vs. PEBIX - Drawdown Comparison

The maximum DFIP drawdown since its inception was -14.96%, smaller than the maximum PEBIX drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for DFIP and PEBIX.

Drawdown Indicators

	DFIP	PEBIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.96%	-35.49%	+20.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-4.23%	+2.17%
Max Drawdown (3Y) Largest decline over 3 years	-4.22%	-5.38%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.10%	—
Current Drawdown Current decline from peak	-1.45%	-1.90%	+0.45%
Average Drawdown Average peak-to-trough decline	-6.74%	-4.67%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.04%	-0.26%

Volatility

DFIP vs. PEBIX - Volatility Comparison

The current volatility for Dimensional Inflation-Protected Securities ETF (DFIP) is 0.80%, while PIMCO Emerging Markets Bond Fund (PEBIX) has a volatility of 0.97%. This indicates that DFIP experiences smaller price fluctuations and is considered to be less risky than PEBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFIP	PEBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	0.97%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.59%	3.90%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	4.72%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	6.39%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	6.36%	+0.37%

DFIP vs. PEBIX - Expense Ratio Comparison

DFIP has a 0.11% expense ratio, which is lower than PEBIX's 0.83% expense ratio.

Dividends

DFIP vs. PEBIX - Dividend Comparison

DFIP's dividend yield for the trailing twelve months is around 5.45%, less than PEBIX's 5.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIP Dimensional Inflation-Protected Securities ETF	5.45%	4.70%	3.69%	3.68%	5.97%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEBIX PIMCO Emerging Markets Bond Fund	5.99%	6.68%	6.81%	5.36%	6.21%	4.41%	4.23%	4.47%	4.41%	5.10%	5.57%	6.08%

Frequently Asked Questions

Can I hold both DFIP and PEBIX in my portfolio?

DFIP and PEBIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFIP or PEBIX?

PEBIX has higher volatility (0.97%) compared to DFIP (0.80%). In terms of maximum drawdown, DFIP dropped -14.96% vs PEBIX's -35.49%.

Which has better risk-adjusted returns?

PEBIX currently has the higher Sharpe Ratio (2.07 vs 0.68), 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.