IBND vs. PFUIX
Compare and contrast key facts about SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and PIMCO International Bond Fund (Unhedged) (PFUIX).
IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010. PFUIX is managed by PIMCO. It was launched on Apr 29, 2004.
Performance
IBND vs. PFUIX - Performance Comparison
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IBND vs. PFUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.80% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 14.84% |
PFUIX PIMCO International Bond Fund (Unhedged) | -4.15% | 10.90% | -1.64% | 6.42% | -19.10% | -6.08% | 12.32% | 7.09% | -3.64% | 10.82% |
Returns By Period
In the year-to-date period, IBND achieves a -2.80% return, which is significantly higher than PFUIX's -4.15% return. Both investments have delivered pretty close results over the past 10 years, with IBND having a 0.50% annualized return and PFUIX not far behind at 0.49%.
IBND
- 1D
- 1.34%
- 1M
- -4.53%
- YTD
- -2.80%
- 6M
- -2.44%
- 1Y
- 8.16%
- 3Y*
- 5.46%
- 5Y*
- -1.27%
- 10Y*
- 0.50%
PFUIX
- 1D
- 0.13%
- 1M
- -6.27%
- YTD
- -4.15%
- 6M
- -3.74%
- 1Y
- 2.88%
- 3Y*
- 2.76%
- 5Y*
- -2.36%
- 10Y*
- 0.49%
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IBND vs. PFUIX - Expense Ratio Comparison
Both IBND and PFUIX have an expense ratio of 0.50%.
Return for Risk
IBND vs. PFUIX — Risk / Return Rank
IBND
PFUIX
IBND vs. PFUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and PIMCO International Bond Fund (Unhedged) (PFUIX). 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.
| IBND | PFUIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.42 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.41 | 0.66 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.59 | +0.58 |
Martin ratioReturn relative to average drawdown | 3.91 | 2.14 | +1.77 |
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
| IBND | PFUIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.42 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.32 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.07 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.36 | -0.22 |
Correlation
The correlation between IBND and PFUIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IBND vs. PFUIX - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.65%, less than PFUIX's 3.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.65% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
PFUIX PIMCO International Bond Fund (Unhedged) | 3.83% | 3.98% | 4.10% | 2.98% | 2.83% | 5.07% | 1.57% | 2.28% | 4.39% | 1.41% | 1.98% | 1.94% |
Drawdowns
IBND vs. PFUIX - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.62%, which is greater than PFUIX's maximum drawdown of -31.90%. Use the drawdown chart below to compare losses from any high point for IBND and PFUIX.
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Drawdown Indicators
| IBND | PFUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -31.90% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -6.40% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -30.30% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | -31.90% | -3.72% |
Current DrawdownCurrent decline from peak | -11.03% | -16.09% | +5.06% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -7.93% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.77% | +0.26% |
Volatility
IBND vs. PFUIX - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 4.05% compared to PIMCO International Bond Fund (Unhedged) (PFUIX) at 3.19%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than PFUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBND | PFUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 3.19% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 4.68% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 7.45% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 7.54% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 7.35% | +1.59% |