PAAIX vs. PFORX
Compare and contrast key facts about PIMCO All Asset Fund (PAAIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
PAAIX is managed by PIMCO. It was launched on Nov 5, 2002. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
PAAIX vs. PFORX - Performance Comparison
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PAAIX vs. PFORX - 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% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -2.23% | 4.33% | 5.70% | 9.52% | -10.33% | -1.67% | 6.17% | 7.64% | 2.64% | 3.52% |
Returns By Period
In the year-to-date period, PAAIX achieves a 2.90% return, which is significantly higher than PFORX's -2.23% return. Over the past 10 years, PAAIX has outperformed PFORX with an annualized return of 6.70%, while PFORX has yielded a comparatively lower 2.77% 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%
PFORX
- 1D
- 0.31%
- 1M
- -3.69%
- YTD
- -2.23%
- 6M
- -1.20%
- 1Y
- 1.73%
- 3Y*
- 4.71%
- 5Y*
- 1.08%
- 10Y*
- 2.77%
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PAAIX vs. PFORX - Expense Ratio Comparison
PAAIX has a 1.40% expense ratio, which is higher than PFORX's 0.50% expense ratio.
Return for Risk
PAAIX vs. PFORX — Risk / Return Rank
PAAIX
PFORX
PAAIX vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO All Asset Fund (PAAIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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 | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.64 | +1.43 |
Sortino ratioReturn per unit of downside risk | 2.67 | 0.89 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.12 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.61 | +1.68 |
Martin ratioReturn relative to average drawdown | 9.91 | 2.82 | +7.09 |
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 | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.64 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.31 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.90 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.25 | -0.33 |
Correlation
The correlation between PAAIX and PFORX is 0.24, 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. PFORX - Dividend Comparison
PAAIX's dividend yield for the trailing twelve months is around 7.58%, more than PFORX's 3.88% 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% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 3.88% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
Drawdowns
PAAIX vs. PFORX - Drawdown Comparison
The maximum PAAIX drawdown since its inception was -27.59%, which is greater than PFORX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PAAIX and PFORX.
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Drawdown Indicators
| PAAIX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.59% | -13.87% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -3.99% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -13.71% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -22.64% | -13.87% | -8.77% |
Current DrawdownCurrent decline from peak | -4.54% | -3.69% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -1.95% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.87% | +0.57% |
Volatility
PAAIX vs. PFORX - Volatility Comparison
PIMCO All Asset Fund (PAAIX) has a higher volatility of 2.40% compared to PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) at 1.93%. This indicates that PAAIX's price experiences larger fluctuations and is considered to be riskier than PFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAIX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 1.93% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 2.53% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 3.38% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 3.46% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 3.08% | +4.72% |