PAIIX vs. VPU
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and Vanguard Utilities ETF (VPU).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. VPU is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Utilities 25/50 Index. It was launched on Jan 26, 2004.
Performance
PAIIX vs. VPU - Performance Comparison
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PAIIX vs. VPU - 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% |
VPU Vanguard Utilities ETF | 7.79% | 16.46% | 23.04% | -7.45% | 1.06% | 17.40% | -0.74% | 24.89% | 4.38% | 12.44% |
Returns By Period
In the year-to-date period, PAIIX achieves a -2.94% return, which is significantly lower than VPU's 7.79% return. Over the past 10 years, PAIIX has underperformed VPU with an annualized return of 2.78%, while VPU has yielded a comparatively higher 9.62% annualized return.
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%
VPU
- 1D
- 0.02%
- 1M
- -3.12%
- YTD
- 7.79%
- 6M
- 6.07%
- 1Y
- 19.23%
- 3Y*
- 13.81%
- 5Y*
- 10.49%
- 10Y*
- 9.62%
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PAIIX vs. VPU - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than VPU's 0.10% expense ratio.
Return for Risk
PAIIX vs. VPU — Risk / Return Rank
PAIIX
VPU
PAIIX vs. VPU - 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 Vanguard Utilities ETF (VPU). 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 | VPU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.25 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.70 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.30 | -1.56 |
Martin ratioReturn relative to average drawdown | 3.24 | 5.48 | -2.24 |
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 | VPU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.25 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.62 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.51 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.55 | +0.54 |
Correlation
The correlation between PAIIX and VPU is 0.06, 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
PAIIX vs. VPU - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 4.35%, more than VPU's 2.57% 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% |
VPU Vanguard Utilities ETF | 2.57% | 2.73% | 3.02% | 3.49% | 2.98% | 2.70% | 3.17% | 2.83% | 3.23% | 3.18% | 3.19% | 3.63% |
Drawdowns
PAIIX vs. VPU - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -13.59%, smaller than the maximum VPU drawdown of -46.31%. Use the drawdown chart below to compare losses from any high point for PAIIX and VPU.
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Drawdown Indicators
| PAIIX | VPU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -46.31% | +32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -8.90% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -9.91% | -25.15% | +15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -36.42% | +25.98% |
Current DrawdownCurrent decline from peak | -3.85% | -3.12% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -7.82% | +5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.74% | -2.77% |
Volatility
PAIIX vs. VPU - Volatility Comparison
The current volatility for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) is 2.23%, while Vanguard Utilities ETF (VPU) has a volatility of 4.99%. This indicates that PAIIX experiences smaller price fluctuations and is considered to be less risky than VPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAIIX | VPU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 4.99% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 10.18% | -7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 15.54% | -11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 16.91% | -13.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 19.07% | -16.15% |