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PAIIX vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PAIIX vs. SMH

Last updated May 12, 2025

Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and VanEck Vectors Semiconductor ETF (SMH).

PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAIIX or SMH.

Correlation

The correlation between PAIIX and SMH is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

PAIIX vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

PAIIX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SMH

YTD

-7.75%

1M

10.97%

6M

-13.48%

1Y

0.49%

5Y*

28.43%

10Y*

24.33%

*Annualized

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PAIIX vs. SMH - Expense Ratio Comparison

PAIIX has a 0.90% expense ratio, which is higher than SMH's 0.35% expense ratio.

PAIIX
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)
SMH
VanEck Vectors Semiconductor ETF

Risk-Adjusted Performance

PAIIX vs. SMH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAIIX
The Risk-Adjusted Performance Rank of PAIIX is 8888
Overall Rank
The Sharpe Ratio Rank of PAIIX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of PAIIX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of PAIIX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of PAIIX is 7878
Calmar Ratio Rank
The Martin Ratio Rank of PAIIX is 9191
Martin Ratio Rank
SMH
The Risk-Adjusted Performance Rank of SMH is 2424
Overall Rank
The Sharpe Ratio Rank of SMH is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 2828
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 2828
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 2121
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PAIIX vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and VanEck Vectors Semiconductor ETF (SMH). 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.

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Dividends

PAIIX vs. SMH - Dividend Comparison

PAIIX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.48%.

TTM20242023202220212020201920182017201620152014
PAIIX
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMH
VanEck Vectors Semiconductor ETF		0.48%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

PAIIX vs. SMH - Drawdown Comparison

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Volatility

PAIIX vs. SMH - Volatility Comparison

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