GLAB.L vs. PFORX
Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
GLAB.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Feb 14, 2018. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
GLAB.L vs. PFORX - Performance Comparison
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GLAB.L vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLAB.L SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | -0.33% | 4.68% | -381.08% | 5.73% | -12.07% | -1.74% | 4.48% | 6.42% | 1.00% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -0.08% | -3.10% | 7.54% | 4.04% | 0.33% | -0.73% | 3.05% | 3.55% | 12.81% |
Different Trading Currencies
GLAB.L is traded in GBP, while PFORX is traded in USD. To make them comparable, the PFORX values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLAB.L achieves a -0.33% return, which is significantly lower than PFORX's -0.08% return.
GLAB.L
- 1D
- 0.20%
- 1M
- -1.85%
- YTD
- -0.33%
- 6M
- 0.48%
- 1Y
- 3.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFORX
- 1D
- 0.90%
- 1M
- -1.51%
- YTD
- -0.08%
- 6M
- 0.79%
- 1Y
- -0.31%
- 3Y*
- 2.41%
- 5Y*
- 1.98%
- 10Y*
- 3.56%
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GLAB.L vs. PFORX - Expense Ratio Comparison
GLAB.L has a 0.10% expense ratio, which is lower than PFORX's 0.50% expense ratio.
Return for Risk
GLAB.L vs. PFORX — Risk / Return Rank
GLAB.L
PFORX
GLAB.L vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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.
| GLAB.L | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.02 | +0.99 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.08 | +1.34 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.00 | +1.29 |
Martin ratioReturn relative to average drawdown | 4.50 | 0.00 | +4.50 |
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
| GLAB.L | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.02 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.67 | — |
Correlation
The correlation between GLAB.L and PFORX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLAB.L vs. PFORX - Dividend Comparison
GLAB.L's dividend yield for the trailing twelve months is around 3.12%, less than PFORX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAB.L SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.12% | 3.06% | 139.91% | 1.91% | 1.48% | 1.18% | 1.51% | 1.70% | 0.88% | 0.00% | 0.00% | 0.00% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 3.88% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
Drawdowns
GLAB.L vs. PFORX - Drawdown Comparison
The maximum GLAB.L drawdown since its inception was -372.79%, which is greater than PFORX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for GLAB.L and PFORX.
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Drawdown Indicators
| GLAB.L | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -372.79% | -13.87% | -358.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.26% | -3.99% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -373.54% | -13.71% | -359.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.87% | — |
Current DrawdownCurrent decline from peak | -367.73% | -3.69% | -364.04% |
Average DrawdownAverage peak-to-trough decline | -78.13% | -1.95% | -76.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.87% | -0.22% |
Volatility
GLAB.L vs. PFORX - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) is 1.26%, while PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a volatility of 2.97%. This indicates that GLAB.L experiences smaller price fluctuations and is considered to be less risky than PFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLAB.L | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 2.97% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 5.28% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 7.66% | -4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.77% | 8.97% | +156.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.03% | 9.77% | +120.26% |