PCGTX vs. ABNFX
Compare and contrast key facts about PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) and American Funds The Bond Fund of America® Class F-2 (ABNFX).
PCGTX is managed by UBS. It was launched on Aug 24, 1995. ABNFX is managed by American Funds. It was launched on Aug 4, 2008.
Performance
PCGTX vs. ABNFX - Performance Comparison
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PCGTX vs. ABNFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 2.45% | 7.84% | 0.98% | 5.12% | -13.48% | -0.61% | 5.75% | 6.55% | 0.17% | 2.83% |
ABNFX American Funds The Bond Fund of America® Class F-2 | -0.55% | 7.42% | 1.42% | 4.29% | -13.08% | -0.88% | 10.86% | 8.08% | 0.15% | 3.48% |
Returns By Period
In the year-to-date period, PCGTX achieves a 2.45% return, which is significantly higher than ABNFX's -0.55% return. Over the past 10 years, PCGTX has underperformed ABNFX with an annualized return of 1.61%, while ABNFX has yielded a comparatively higher 1.95% annualized return.
PCGTX
- 1D
- 0.76%
- 1M
- -1.85%
- YTD
- 2.45%
- 6M
- 4.22%
- 1Y
- 7.91%
- 3Y*
- 4.61%
- 5Y*
- 0.31%
- 10Y*
- 1.61%
ABNFX
- 1D
- 0.27%
- 1M
- -1.74%
- YTD
- -0.55%
- 6M
- 0.27%
- 1Y
- 3.61%
- 3Y*
- 3.18%
- 5Y*
- -0.01%
- 10Y*
- 1.95%
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PCGTX vs. ABNFX - Expense Ratio Comparison
PCGTX has a 0.73% expense ratio, which is higher than ABNFX's 0.35% expense ratio.
Return for Risk
PCGTX vs. ABNFX — Risk / Return Rank
PCGTX
ABNFX
PCGTX vs. ABNFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) and American Funds The Bond Fund of America® Class F-2 (ABNFX). 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.
| PCGTX | ABNFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.90 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.29 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.52 | +0.93 |
Martin ratioReturn relative to average drawdown | 7.00 | 4.34 | +2.66 |
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
| PCGTX | ABNFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.90 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.00 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.40 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.65 | +0.32 |
Correlation
The correlation between PCGTX and ABNFX is 0.79, 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
PCGTX vs. ABNFX - Dividend Comparison
PCGTX's dividend yield for the trailing twelve months is around 4.44%, more than ABNFX's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 4.44% | 3.78% | 5.36% | 5.02% | 3.67% | 2.87% | 3.23% | 3.53% | 3.34% | 2.96% | 2.71% | 2.21% |
ABNFX American Funds The Bond Fund of America® Class F-2 | 4.01% | 4.37% | 4.55% | 3.19% | 2.37% | 2.07% | 5.15% | 3.72% | 2.65% | 2.10% | 2.31% | 2.24% |
Drawdowns
PCGTX vs. ABNFX - Drawdown Comparison
The maximum PCGTX drawdown since its inception was -19.34%, which is greater than ABNFX's maximum drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for PCGTX and ABNFX.
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Drawdown Indicators
| PCGTX | ABNFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -17.69% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.94% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.20% | -17.65% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -17.69% | -1.65% |
Current DrawdownCurrent decline from peak | -1.85% | -2.65% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -3.30% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.03% | +0.06% |
Volatility
PCGTX vs. ABNFX - Volatility Comparison
PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has a higher volatility of 2.13% compared to American Funds The Bond Fund of America® Class F-2 (ABNFX) at 1.49%. This indicates that PCGTX's price experiences larger fluctuations and is considered to be riskier than ABNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCGTX | ABNFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 1.49% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 2.49% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 4.39% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 5.91% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 4.87% | +0.48% |