PAIIX vs. PFORX
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
PAIIX vs. PFORX - Performance Comparison
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PAIIX vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -2.94% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
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, PAIIX achieves a -2.94% return, which is significantly lower than PFORX's -2.23% return. Both investments have delivered pretty close results over the past 10 years, with PAIIX having a 2.78% annualized return and PFORX not far behind at 2.77%.
PAIIX
- 1D
- 0.42%
- 1M
- -3.85%
- YTD
- -2.94%
- 6M
- -1.59%
- 1Y
- 2.48%
- 3Y*
- 4.59%
- 5Y*
- 1.73%
- 10Y*
- 2.78%
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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PAIIX vs. PFORX - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than PFORX's 0.50% expense ratio.
Return for Risk
PAIIX vs. PFORX — Risk / Return Rank
PAIIX
PFORX
PAIIX vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) 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.
| PAIIX | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.64 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.03 | 0.89 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.61 | +0.13 |
Martin ratioReturn relative to average drawdown | 3.24 | 2.82 | +0.42 |
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
| PAIIX | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.64 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.31 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.90 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.25 | -0.16 |
Correlation
The correlation between PAIIX and PFORX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PAIIX vs. PFORX - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 4.35%, more than PFORX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.35% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
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
PAIIX vs. PFORX - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -13.59%, roughly equal to the maximum PFORX drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PAIIX and PFORX.
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Drawdown Indicators
| PAIIX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -13.87% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -3.99% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -9.91% | -13.71% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -13.87% | +3.43% |
Current DrawdownCurrent decline from peak | -3.85% | -3.69% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -1.95% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.87% | +0.10% |
Volatility
PAIIX vs. PFORX - Volatility Comparison
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a higher volatility of 2.23% compared to PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) at 1.93%. This indicates that PAIIX'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
| PAIIX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.93% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.53% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 3.38% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 3.46% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 3.08% | -0.16% |