MFDX vs. BOND
Compare and contrast key facts about PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) and PIMCO Active Bond ETF (BOND).
MFDX and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFDX is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. It was launched on Aug 31, 2017. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
MFDX vs. BOND - Performance Comparison
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MFDX vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 5.36% | 34.27% | 4.40% | 17.54% | -10.27% | 11.07% | 6.90% | 19.88% | -14.88% | 7.02% |
BOND PIMCO Active Bond ETF | 0.10% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | -0.18% |
Returns By Period
In the year-to-date period, MFDX achieves a 5.36% return, which is significantly higher than BOND's 0.10% return.
MFDX
- 1D
- 1.67%
- 1M
- -4.40%
- YTD
- 5.36%
- 6M
- 9.87%
- 1Y
- 30.54%
- 3Y*
- 17.30%
- 5Y*
- 10.40%
- 10Y*
- —
BOND
- 1D
- 0.12%
- 1M
- -1.53%
- YTD
- 0.10%
- 6M
- 1.30%
- 1Y
- 4.87%
- 3Y*
- 4.80%
- 5Y*
- 0.64%
- 10Y*
- 2.26%
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MFDX vs. BOND - Expense Ratio Comparison
MFDX has a 0.39% expense ratio, which is lower than BOND's 0.54% expense ratio.
Return for Risk
MFDX vs. BOND — Risk / Return Rank
MFDX
BOND
MFDX vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) and PIMCO Active Bond ETF (BOND). 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.
| MFDX | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.04 | +0.92 |
Sortino ratioReturn per unit of downside risk | 2.62 | 1.45 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.58 | +1.30 |
Martin ratioReturn relative to average drawdown | 11.67 | 4.61 | +7.06 |
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
| MFDX | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.04 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.11 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.63 | -0.11 |
Correlation
The correlation between MFDX and BOND is 0.16, 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
MFDX vs. BOND - Dividend Comparison
MFDX's dividend yield for the trailing twelve months is around 2.91%, less than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 2.91% | 2.97% | 3.16% | 3.12% | 2.85% | 2.99% | 1.58% | 2.88% | 2.13% | 0.71% | 0.00% | 0.00% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
MFDX vs. BOND - Drawdown Comparison
The maximum MFDX drawdown since its inception was -36.05%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for MFDX and BOND.
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Drawdown Indicators
| MFDX | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -19.71% | -16.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -3.29% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -19.71% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.71% | — |
Current DrawdownCurrent decline from peak | -5.75% | -1.94% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -3.53% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.13% | +1.50% |
Volatility
MFDX vs. BOND - Volatility Comparison
PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) has a higher volatility of 6.96% compared to PIMCO Active Bond ETF (BOND) at 1.83%. This indicates that MFDX's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFDX | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 1.83% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 2.70% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 4.72% | +10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 5.73% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 5.07% | +11.35% |