PAAIX vs. BSV
Compare and contrast key facts about PIMCO All Asset Fund (PAAIX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV).
PAAIX is managed by PIMCO. It was launched on Nov 5, 2002. BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
PAAIX vs. BSV - Performance Comparison
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PAAIX vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 2.90% | 13.20% | 4.12% | 8.19% | -11.52% | 15.61% | 8.38% | 12.21% | -4.97% | 13.99% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.13% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Returns By Period
In the year-to-date period, PAAIX achieves a 2.90% return, which is significantly higher than BSV's 0.13% return. Over the past 10 years, PAAIX has outperformed BSV with an annualized return of 6.70%, while BSV has yielded a comparatively lower 1.97% annualized return.
PAAIX
- 1D
- 0.34%
- 1M
- -4.54%
- YTD
- 2.90%
- 6M
- 5.80%
- 1Y
- 14.16%
- 3Y*
- 8.11%
- 5Y*
- 4.79%
- 10Y*
- 6.70%
BSV
- 1D
- 0.14%
- 1M
- -0.78%
- YTD
- 0.13%
- 6M
- 1.33%
- 1Y
- 4.13%
- 3Y*
- 4.27%
- 5Y*
- 1.68%
- 10Y*
- 1.97%
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PAAIX vs. BSV - Expense Ratio Comparison
PAAIX has a 1.40% expense ratio, which is higher than BSV's 0.03% expense ratio.
Return for Risk
PAAIX vs. BSV — Risk / Return Rank
PAAIX
BSV
PAAIX vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO All Asset Fund (PAAIX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| PAAIX | BSV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 2.08 | -0.01 |
Sortino ratioReturn per unit of downside risk | 2.67 | 3.31 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.25 | -0.96 |
Martin ratioReturn relative to average drawdown | 9.91 | 12.45 | -2.54 |
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
| PAAIX | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.08 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.62 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.83 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.86 | +0.06 |
Correlation
The correlation between PAAIX and BSV is 0.23, 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
PAAIX vs. BSV - Dividend Comparison
PAAIX's dividend yield for the trailing twelve months is around 7.58%, more than BSV's 3.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 7.58% | 7.12% | 5.92% | 3.20% | 7.68% | 11.90% | 3.56% | 3.33% | 5.50% | 4.48% | 3.60% | 3.93% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.90% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
Drawdowns
PAAIX vs. BSV - Drawdown Comparison
The maximum PAAIX drawdown since its inception was -27.59%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for PAAIX and BSV.
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Drawdown Indicators
| PAAIX | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.59% | -8.54% | -19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -1.29% | -4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -8.54% | -11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -22.64% | -8.54% | -14.10% |
Current DrawdownCurrent decline from peak | -4.54% | -0.78% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -0.98% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.34% | +1.10% |
Volatility
PAAIX vs. BSV - Volatility Comparison
PIMCO All Asset Fund (PAAIX) has a higher volatility of 2.40% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.77%. This indicates that PAAIX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAIX | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 0.77% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.19% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 2.00% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 2.71% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 2.37% | +5.43% |