IGOV vs. PFUIX
IGOV (iShares International Treasury Bond ETF) and PFUIX (PIMCO International Bond Fund (Unhedged)) are both funds - IGOV is a International Government Bonds fund tracking the FTSE World Government Bond Index - Developed Markets Capped Select Index, while PFUIX is a Global Bonds fund managed by PIMCO. Over the past 10 years, IGOV returned -1.64%/yr vs 0.28%/yr for PFUIX. Their correlation of 0.81 means they have usually moved in the same direction. IGOV charges 0.35%/yr vs 0.50%/yr for PFUIX.
Performance
IGOV vs. PFUIX - Performance Comparison
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Returns By Period
In the year-to-date period, IGOV achieves a -1.56% return, which is significantly higher than PFUIX's -2.07% return. Over the past 10 years, IGOV has underperformed PFUIX with an annualized return of -1.64%, while PFUIX has yielded a comparatively higher 0.28% annualized return.
IGOV
- 1D
- -0.34%
- 1M
- -0.07%
- 6M
- -3.30%
- YTD
- -1.56%
- 1Y
- -1.26%
- 3Y*
- 2.06%
- 5Y*
- -4.61%
- 10Y*
- -1.64%
- ALL TIME*
- 0.11%
PFUIX
- 1D
- 0.94%
- 1M
- -0.53%
- 6M
- -3.35%
- YTD
- -2.07%
- 1Y
- -0.22%
- 3Y*
- 3.62%
- 5Y*
- -2.32%
- 10Y*
- 0.28%
- ALL TIME*
- 2.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.12M | $15.94M | $17.09M | |
| $0.00 | $0.00 | $0.00 |
IGOV vs. PFUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGOV iShares International Treasury Bond ETF | -1.56% | 9.96% | -6.50% | 5.57% | -22.07% | -9.25% | 10.88% | 3.76% | -2.60% | 11.38% |
PFUIX PIMCO International Bond Fund (Unhedged) | -2.07% | 10.90% | -1.64% | 6.42% | -19.10% | -6.08% | 12.32% | 7.09% | -3.64% | 10.82% |
Correlation
The correlation between IGOV and PFUIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2009 | 0.81 |
The correlation between IGOV and PFUIX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
IGOV vs. PFUIX — Risk / Return Rank
IGOV
PFUIX
IGOV vs. PFUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Treasury Bond ETF (IGOV) 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.
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.
| IGOV | PFUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.17 | -0.11 |
| Martin ratioReturn relative to average drawdown | 0.13 | 0.38 | -0.25 |
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Drawdowns
IGOV vs. PFUIX - Drawdown Comparison
The maximum IGOV drawdown since its inception was -35.88%, which is greater than PFUIX's maximum drawdown of -31.90%. Use the drawdown chart below to compare losses from any high point for IGOV and PFUIX.
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Drawdown Indicators
| IGOV | PFUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -31.90% | -3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.14% | -6.40% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -6.81% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -32.92% | -29.51% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | -31.90% | -3.98% |
Current DrawdownCurrent decline from peak | -24.82% | -14.27% | -10.55% |
Average DrawdownAverage peak-to-trough decline | -11.14% | -8.02% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.78% | +0.10% |
Volatility
IGOV vs. PFUIX - Volatility Comparison
iShares International Treasury Bond ETF (IGOV) has a higher volatility of 1.97% compared to PIMCO International Bond Fund (Unhedged) (PFUIX) at 1.79%. This indicates that IGOV'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
| IGOV | PFUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.79% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 5.90% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 7.22% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.99% | 7.71% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.58% | 7.34% | +1.24% |
IGOV vs. PFUIX - Expense Ratio Comparison
IGOV has a 0.35% expense ratio, which is lower than PFUIX's 0.50% expense ratio.
Dividends
IGOV vs. PFUIX - Dividend Comparison
IGOV's dividend yield for the trailing twelve months is around 1.43%, less than PFUIX's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGOV iShares International Treasury Bond ETF | 1.43% | 1.41% | 0.59% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.12% |
PFUIX PIMCO International Bond Fund (Unhedged) | 3.66% | 3.98% | 4.10% | 2.98% | 2.83% | 5.07% | 1.57% | 2.28% | 4.39% | 1.41% | 1.98% | 1.94% |
Frequently Asked Questions
With a correlation of 0.90, IGOV and PFUIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IGOV has higher volatility (1.97%) compared to PFUIX (1.79%). In terms of maximum drawdown, IGOV dropped -35.88% vs PFUIX's -31.90%.
PFUIX currently has the higher Sharpe Ratio (0.15 vs 0.05), 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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