PAIPX vs. PFORX
Compare and contrast key facts about PIMCO Short Asset Investment Fund (PAIPX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
PAIPX is managed by PIMCO. It was launched on May 31, 2012. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
PAIPX vs. PFORX - Performance Comparison
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PAIPX vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAIPX PIMCO Short Asset Investment Fund | 0.67% | 4.83% | 5.93% | 4.55% | -0.00% | -0.19% | 1.12% | 2.56% | 1.90% | 1.82% |
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, PAIPX achieves a 0.67% return, which is significantly higher than PFORX's -2.23% return. Over the past 10 years, PAIPX has underperformed PFORX with an annualized return of 2.44%, while PFORX has yielded a comparatively higher 2.77% annualized return.
PAIPX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.67%
- 6M
- 1.91%
- 1Y
- 4.37%
- 3Y*
- 4.98%
- 5Y*
- 3.14%
- 10Y*
- 2.44%
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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PAIPX vs. PFORX - Expense Ratio Comparison
PAIPX has a 0.45% expense ratio, which is lower than PFORX's 0.50% expense ratio.
Return for Risk
PAIPX vs. PFORX — Risk / Return Rank
PAIPX
PFORX
PAIPX vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Asset Investment Fund (PAIPX) 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.
| PAIPX | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.70 | 0.64 | +3.06 |
Sortino ratioReturn per unit of downside risk | 18.97 | 0.89 | +18.08 |
Omega ratioGain probability vs. loss probability | 8.71 | 1.12 | +7.59 |
Calmar ratioReturn relative to maximum drawdown | 23.60 | 0.61 | +22.99 |
Martin ratioReturn relative to average drawdown | 95.25 | 2.82 | +92.43 |
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
| PAIPX | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.70 | 0.64 | +3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.91 | 0.31 | +1.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.83 | 0.90 | +0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 1.25 | +0.45 |
Correlation
The correlation between PAIPX and PFORX is 0.17, 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
PAIPX vs. PFORX - Dividend Comparison
PAIPX's dividend yield for the trailing twelve months is around 3.76%, less than PFORX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAIPX PIMCO Short Asset Investment Fund | 3.76% | 4.29% | 5.04% | 4.04% | 1.21% | 0.31% | 1.00% | 2.53% | 2.28% | 1.81% | 1.21% | 0.78% |
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
PAIPX vs. PFORX - Drawdown Comparison
The maximum PAIPX drawdown since its inception was -3.49%, smaller than the maximum PFORX drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PAIPX and PFORX.
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Drawdown Indicators
| PAIPX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.49% | -13.87% | +10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -3.99% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -1.64% | -13.71% | +12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -3.49% | -13.87% | +10.38% |
Current DrawdownCurrent decline from peak | 0.00% | -3.69% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -1.95% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.87% | -0.82% |
Volatility
PAIPX vs. PFORX - Volatility Comparison
The current volatility for PIMCO Short Asset Investment Fund (PAIPX) is 0.00%, while PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a volatility of 1.93%. This indicates that PAIPX experiences smaller price fluctuations and is considered to be less risky 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
| PAIPX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.93% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 2.53% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 3.38% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 3.46% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.34% | 3.08% | -1.74% |