PCTIX vs. VGIT
Compare and contrast key facts about PIMCO California Municipal Bond Fund (PCTIX) and Vanguard Intermediate-Term Treasury ETF (VGIT).
PCTIX is managed by PIMCO. It was launched on May 30, 2012. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Performance
PCTIX vs. VGIT - Performance Comparison
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PCTIX vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTIX PIMCO California Municipal Bond Fund | -0.43% | 3.92% | 3.12% | 7.98% | -10.90% | 1.96% | 6.89% | 9.11% | 1.11% | 7.30% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.03% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Returns By Period
In the year-to-date period, PCTIX achieves a -0.43% return, which is significantly lower than VGIT's -0.03% return. Over the past 10 years, PCTIX has outperformed VGIT with an annualized return of 2.66%, while VGIT has yielded a comparatively lower 1.32% annualized return.
PCTIX
- 1D
- 0.28%
- 1M
- -2.48%
- YTD
- -0.43%
- 6M
- 1.16%
- 1Y
- 3.85%
- 3Y*
- 3.93%
- 5Y*
- 1.09%
- 10Y*
- 2.66%
VGIT
- 1D
- 0.20%
- 1M
- -1.66%
- YTD
- -0.03%
- 6M
- 1.07%
- 1Y
- 4.13%
- 3Y*
- 3.29%
- 5Y*
- 0.32%
- 10Y*
- 1.32%
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PCTIX vs. VGIT - Expense Ratio Comparison
PCTIX has a 0.44% expense ratio, which is higher than VGIT's 0.04% expense ratio.
Return for Risk
PCTIX vs. VGIT — Risk / Return Rank
PCTIX
VGIT
PCTIX vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO California Municipal Bond Fund (PCTIX) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.
| PCTIX | VGIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.09 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.63 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.78 | -0.88 |
Martin ratioReturn relative to average drawdown | 2.59 | 5.53 | -2.94 |
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
| PCTIX | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.09 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.06 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.29 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.50 | +0.30 |
Correlation
The correlation between PCTIX and VGIT is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PCTIX vs. VGIT - Dividend Comparison
PCTIX's dividend yield for the trailing twelve months is around 3.38%, less than VGIT's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCTIX PIMCO California Municipal Bond Fund | 3.38% | 3.60% | 3.73% | 3.47% | 1.97% | 1.76% | 2.01% | 2.63% | 2.97% | 3.04% | 2.95% | 2.81% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.81% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Drawdowns
PCTIX vs. VGIT - Drawdown Comparison
The maximum PCTIX drawdown since its inception was -16.98%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for PCTIX and VGIT.
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Drawdown Indicators
| PCTIX | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.98% | -16.05% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -2.42% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.98% | -15.02% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -16.98% | -16.05% | -0.93% |
Current DrawdownCurrent decline from peak | -2.48% | -1.97% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.54% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.78% | +0.93% |
Volatility
PCTIX vs. VGIT - Volatility Comparison
The current volatility for PIMCO California Municipal Bond Fund (PCTIX) is 1.03%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.33%. This indicates that PCTIX experiences smaller price fluctuations and is considered to be less risky than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCTIX | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.33% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 2.28% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 3.81% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 5.36% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 4.50% | -0.10% |