GTEYX vs. PFIIX

Last updated Jun 4, 2026

GTEYX (Gateway Fund Class Y Shares) and PFIIX (PIMCO Low Duration Income Fund) are both mutual funds - GTEYX is a Options Trading fund managed by Natixis, while PFIIX is a Short-Term Bond fund managed by PIMCO. Over the past 10 years, GTEYX returned 7.05%/yr vs 4.86%/yr for PFIIX. At a 0.38 correlation, their price movements are largely independent. GTEYX charges 0.70%/yr vs 0.50%/yr for PFIIX.

Performance

GTEYX vs. PFIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gateway Fund Class Y Shares (GTEYX) and PIMCO Low Duration Income Fund (PFIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTEYX achieves a 4.89% return, which is significantly higher than PFIIX's 1.46% return. Over the past 10 years, GTEYX has outperformed PFIIX with an annualized return of 7.05%, while PFIIX has yielded a comparatively lower 4.86% annualized return.

GTEYX

• 1D: 0.13%
• 1M: 2.41%
• YTD: 4.89%
• 6M: 5.13%
• 1Y: 14.75%
• 3Y*: 11.98%
• 5Y*: 7.36%
• 10Y*: 7.05%

PFIIX

• 1D: 0.12%
• 1M: 0.77%
• YTD: 1.46%
• 6M: 1.81%
• 1Y: 7.51%
• 3Y*: 7.59%
• 5Y*: 4.08%
• 10Y*: 4.86%

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

GTEYX vs. PFIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTEYX Gateway Fund Class Y Shares	4.89%	10.28%	15.82%	14.70%	-11.84%	11.49%	7.19%	11.12%	-4.17%	9.93%
PFIIX PIMCO Low Duration Income Fund	1.46%	9.56%	6.58%	7.78%	-5.29%	2.38%	4.84%	6.72%	1.56%	6.05%

Correlation

The correlation between GTEYX and PFIIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.38

Return for Risk

GTEYX vs. PFIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTEYX

GTEYX Risk / Return Rank: 76
GTEYX Sharpe Ratio Rank: 79
GTEYX Sortino Ratio Rank: 80
GTEYX Omega Ratio Rank: 79
GTEYX Calmar Ratio Rank: 64
GTEYX Martin Ratio Rank: 78

PFIIX

PFIIX Risk / Return Rank: 86
PFIIX Sharpe Ratio Rank: 86
PFIIX Sortino Ratio Rank: 92
PFIIX Omega Ratio Rank: 92
PFIIX Calmar Ratio Rank: 79
PFIIX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTEYX vs. PFIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gateway Fund Class Y Shares (GTEYX) and PIMCO Low Duration Income Fund (PFIIX). 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.

	GTEYX	PFIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.79	-0.20
Sortino ratio: Return per unit of downside risk	3.79	4.60	-0.81
Omega ratio: Gain probability vs. loss probability	1.52	1.68	-0.16
Calmar ratio: Return relative to maximum drawdown	3.07	3.57	-0.50
Martin ratio: Return relative to average drawdown	14.61	15.28	-0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTEYX vs. PFIIX - Sharpe Ratio Comparison

The current GTEYX Sharpe Ratio is 2.59, which is comparable to the PFIIX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of GTEYX and PFIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GTEYX	PFIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.79	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.29	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	1.54	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.92	-0.21

Drawdowns

GTEYX vs. PFIIX - Drawdown Comparison

The maximum GTEYX drawdown since its inception was -16.58%, smaller than the maximum PFIIX drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for GTEYX and PFIIX.

Drawdown Indicators

	GTEYX	PFIIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.58%	-28.35%	+11.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.98%	-2.16%	-3.82%
Max Drawdown (3Y) Largest decline over 3 years	-11.48%	-2.23%	-9.25%
Max Drawdown (5Y) Largest decline over 5 years	-16.25%	-8.84%	-7.41%
Max Drawdown (10Y) Largest decline over 10 years	-16.25%	-11.72%	-4.53%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.06%	-2.60%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	0.50%	+1.01%

Volatility

GTEYX vs. PFIIX - Volatility Comparison

Gateway Fund Class Y Shares (GTEYX) and PIMCO Low Duration Income Fund (PFIIX) have volatilities of 1.04% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTEYX	PFIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	1.02%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	5.90%	2.21%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	2.77%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	3.17%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	3.17%	+5.72%

GTEYX vs. PFIIX - Expense Ratio Comparison

GTEYX has a 0.70% expense ratio, which is higher than PFIIX's 0.50% expense ratio.

Dividends

GTEYX vs. PFIIX - Dividend Comparison

GTEYX's dividend yield for the trailing twelve months is around 0.35%, less than PFIIX's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTEYX Gateway Fund Class Y Shares	0.35%	0.39%	0.65%	0.90%	0.89%	0.66%	1.06%	1.32%	1.41%	1.24%	1.60%	2.09%
PFIIX PIMCO Low Duration Income Fund	5.27%	5.49%	5.37%	4.97%	5.35%	3.06%	3.44%	4.74%	3.22%	3.13%	3.75%	5.36%

Frequently Asked Questions

Can I hold both GTEYX and PFIIX in my portfolio?

GTEYX and PFIIX 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.

Which is riskier, GTEYX or PFIIX?

GTEYX has higher volatility (1.04%) compared to PFIIX (1.02%). In terms of maximum drawdown, GTEYX dropped -16.58% vs PFIIX's -28.35%.

Which has better risk-adjusted returns?

PFIIX currently has the higher Sharpe Ratio (2.79 vs 2.59), 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.