PCGTX vs. ABNDX
PCGTX (PACE Mortgage-Backed Securities Fixed Income Investments) and ABNDX (The Bond Fund of America Class A) are both Intermediate Core Bond funds. Over the past 10 years, PCGTX returned 1.32%/yr vs 1.41%/yr for ABNDX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. PCGTX charges 0.73%/yr vs 0.59%/yr for ABNDX.
Performance
PCGTX vs. ABNDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCGTX achieves a 1.44% return, which is significantly higher than ABNDX's -1.08% return. Over the past 10 years, PCGTX has underperformed ABNDX with an annualized return of 1.32%, while ABNDX has yielded a comparatively higher 1.41% annualized return.
PCGTX
- 1D
- -0.67%
- 1M
- -1.44%
- 6M
- 1.27%
- YTD
- 1.44%
- 1Y
- 6.13%
- 3Y*
- 4.69%
- 5Y*
- -0.08%
- 10Y*
- 1.32%
- ALL TIME*
- 3.95%
ABNDX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.14%
- YTD
- -1.08%
- 1Y
- 1.34%
- 3Y*
- 3.38%
- 5Y*
- -0.81%
- 10Y*
- 1.41%
- ALL TIME*
- 4.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PCGTX vs. ABNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 1.44% | 7.84% | 0.98% | 5.12% | -13.48% | -0.61% | 5.75% | 6.55% | 0.17% | 2.83% |
ABNDX The Bond Fund of America Class A | -1.08% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Correlation
The correlation between PCGTX and ABNDX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | 0.76 |
The correlation between PCGTX and ABNDX shifts across timeframes, from 0.76 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCGTX vs. ABNDX — Risk / Return Rank
PCGTX
ABNDX
PCGTX vs. ABNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) and The Bond Fund of America Class A (ABNDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCGTX | ABNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.84 | +1.28 |
| Martin ratioReturn relative to average drawdown | 5.78 | 2.03 | +3.75 |
Loading charts...
Drawdowns
PCGTX vs. ABNDX - Drawdown Comparison
The maximum PCGTX drawdown since its inception was -19.34%, which is greater than ABNDX's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for PCGTX and ABNDX.
Loading charts...
Drawdown Indicators
| PCGTX | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -18.18% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.13% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -5.15% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -18.14% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -18.18% | -1.16% |
Current DrawdownCurrent decline from peak | -2.82% | -4.20% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -3.22% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.29% | -0.19% |
Volatility
PCGTX vs. ABNDX - Volatility Comparison
PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has a higher volatility of 1.53% compared to The Bond Fund of America Class A (ABNDX) at 0.95%. This indicates that PCGTX's price experiences larger fluctuations and is considered to be riskier than ABNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCGTX | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.95% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 3.01% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.66% | 3.79% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 5.96% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 4.89% | +0.54% |
PCGTX vs. ABNDX - Expense Ratio Comparison
PCGTX has a 0.73% expense ratio, which is higher than ABNDX's 0.59% expense ratio.
Dividends
PCGTX vs. ABNDX - Dividend Comparison
PCGTX's dividend yield for the trailing twelve months is around 4.25%, more than ABNDX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX The Bond Fund of America Class A | 3.83% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 4.25% | 3.78% | 5.36% | 5.02% | 3.67% | 2.87% | 3.23% | 3.53% | 3.34% | 2.96% | 2.71% | 2.21% |
Frequently Asked Questions
PCGTX and ABNDX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCGTX has higher volatility (1.53%) compared to ABNDX (0.95%). In terms of maximum drawdown, PCGTX dropped -19.34% vs ABNDX's -18.18%.
PCGTX currently has the higher Sharpe Ratio (1.15 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PCGTX and ABNDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer