MFUT vs. PFUIX

Last updated Jun 3, 2026

MFUT (Cambria Chesapeake Pure Trend ETF) and PFUIX (PIMCO International Bond Fund (Unhedged)) are both funds - MFUT is a Systematic Trend fund actively managed by Cambria, while PFUIX is a Global Bonds fund managed by PIMCO. Over the past year, MFUT returned 37.88% vs 1.13% for PFUIX. At a 0.07 correlation, their price movements are largely independent. MFUT charges 1.18%/yr vs 0.50%/yr for PFUIX.

Performance

MFUT vs. PFUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Chesapeake Pure Trend ETF (MFUT) and PIMCO International Bond Fund (Unhedged) (PFUIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFUT achieves a 21.83% return, which is significantly higher than PFUIX's -0.96% return.

MFUT

• 1D: 0.68%
• 1M: 4.73%
• YTD: 21.83%
• 6M: 25.28%
• 1Y: 37.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFUIX

• 1D: -0.52%
• 1M: 0.07%
• YTD: -0.96%
• 6M: 0.00%
• 1Y: 1.13%
• 3Y*: 4.52%
• 5Y*: -2.32%
• 10Y*: 0.59%

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

MFUT vs. PFUIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MFUT Cambria Chesapeake Pure Trend ETF	21.83%	-1.83%	-16.68%
PFUIX PIMCO International Bond Fund (Unhedged)	-0.96%	10.90%	2.61%

Correlation

The correlation between MFUT and PFUIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 30, 2024	0.07

Return for Risk

MFUT vs. PFUIX — Risk / Return Rank

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

MFUT

MFUT Risk / Return Rank: 76
MFUT Sharpe Ratio Rank: 79
MFUT Sortino Ratio Rank: 69
MFUT Omega Ratio Rank: 84
MFUT Calmar Ratio Rank: 79
MFUT Martin Ratio Rank: 70

PFUIX

PFUIX Risk / Return Rank: 4
PFUIX Sharpe Ratio Rank: 4
PFUIX Sortino Ratio Rank: 4
PFUIX Omega Ratio Rank: 4
PFUIX Calmar Ratio Rank: 4
PFUIX Martin Ratio Rank: 5

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.

MFUT vs. PFUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) 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.

	MFUT	PFUIX	Difference
Sharpe ratio Return per unit of total volatility	2.63	0.24	+2.39
Sortino ratio Return per unit of downside risk	3.21	0.41	+2.80
Omega ratio Gain probability vs. loss probability	1.52	1.05	+0.47
Calmar ratio Return relative to maximum drawdown	4.14	0.42	+3.73
Martin ratio Return relative to average drawdown	13.41	1.16	+12.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFUT vs. PFUIX - Sharpe Ratio Comparison

The current MFUT Sharpe Ratio is 2.63, which is higher than the PFUIX Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of MFUT and PFUIX, 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

	MFUT	PFUIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	0.24	+2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.37	-0.39

Drawdowns

MFUT vs. PFUIX - Drawdown Comparison

The maximum MFUT drawdown since its inception was -29.28%, smaller than the maximum PFUIX drawdown of -31.90%. Use the drawdown chart below to compare losses from any high point for MFUT and PFUIX.

Drawdown Indicators

	MFUT	PFUIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.28%	-31.90%	+2.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	-6.40%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.90%	—
Current Drawdown Current decline from peak	-1.01%	-13.30%	+12.29%
Average Drawdown Average peak-to-trough decline	-16.63%	-7.98%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.29%	+0.56%

Volatility

MFUT vs. PFUIX - Volatility Comparison

Cambria Chesapeake Pure Trend ETF (MFUT) has a higher volatility of 3.55% compared to PIMCO International Bond Fund (Unhedged) (PFUIX) at 2.40%. This indicates that MFUT'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.

Volatility by Period

	MFUT	PFUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	2.40%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	5.79%	+6.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	7.34%	+7.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	7.69%	+5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.39%	7.39%	+6.00%

MFUT vs. PFUIX - Expense Ratio Comparison

MFUT has a 1.18% expense ratio, which is higher than PFUIX's 0.50% expense ratio.

Dividends

MFUT vs. PFUIX - Dividend Comparison

MFUT has not paid dividends to shareholders, while PFUIX's dividend yield for the trailing twelve months is around 4.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFUIX PIMCO International Bond Fund (Unhedged)	4.03%	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

Can I hold both MFUT and PFUIX in my portfolio?

MFUT and PFUIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFUT or PFUIX?

MFUT has higher volatility (3.55%) compared to PFUIX (2.40%). In terms of maximum drawdown, MFUT dropped -29.28% vs PFUIX's -31.90%.

Which has better risk-adjusted returns?

MFUT currently has the higher Sharpe Ratio (2.63 vs 0.24), 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.