PDIIX vs. AGG
PDIIX (PIMCO Diversified Income Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - PDIIX is a Multisector Bonds fund managed by PIMCO, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, PDIIX returned 3.90%/yr vs 1.37%/yr for AGG. Their 0.53 correlation means they have sometimes moved together and sometimes differently. PDIIX charges 0.75%/yr vs 0.03%/yr for AGG.
Performance
PDIIX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, PDIIX achieves a 0.69% return, which is significantly higher than AGG's -0.56% return. Over the past 10 years, PDIIX has outperformed AGG with an annualized return of 3.90%, while AGG has yielded a comparatively lower 1.37% annualized return.
PDIIX
- 1D
- 0.10%
- 1M
- -1.40%
- 6M
- 0.04%
- YTD
- 0.69%
- 1Y
- 5.22%
- 3Y*
- 7.62%
- 5Y*
- 2.09%
- 10Y*
- 3.90%
- ALL TIME*
- 5.73%
AGG
- 1D
- -0.26%
- 1M
- -1.26%
- 6M
- -0.81%
- YTD
- -0.56%
- 1Y
- 1.83%
- 3Y*
- 3.95%
- 5Y*
- -0.40%
- 10Y*
- 1.37%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $763.20M | $778.44M | $807.34M | |
| $0.00 | $0.00 | $0.00 |
PDIIX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDIIX PIMCO Diversified Income Fund | 0.69% | 10.42% | 6.35% | 10.41% | -14.70% | 0.42% | 6.43% | 13.05% | -0.97% | 8.87% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.56% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between PDIIX and AGG is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | 0.53 |
Over the past year, PDIIX and AGG have become more correlated (0.74) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
PDIIX vs. AGG — Risk / Return Rank
PDIIX
AGG
PDIIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Diversified Income Fund (PDIIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| PDIIX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.12 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.99 | +0.73 |
| Martin ratioReturn relative to average drawdown | 6.69 | 2.49 | +4.19 |
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Drawdowns
PDIIX vs. AGG - Drawdown Comparison
The maximum PDIIX drawdown since its inception was -21.96%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PDIIX and AGG.
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Drawdown Indicators
| PDIIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -18.43% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.76% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -4.98% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -17.82% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | -18.43% | -2.07% |
Current DrawdownCurrent decline from peak | -1.50% | -2.94% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -2.70% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.09% | -0.18% |
Volatility
PDIIX vs. AGG - Volatility Comparison
The current volatility for PIMCO Diversified Income Fund (PDIIX) is 0.91%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.03%. This indicates that PDIIX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDIIX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.03% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 2.98% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.78% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 6.10% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.41% | -0.52% |
PDIIX vs. AGG - Expense Ratio Comparison
PDIIX has a 0.75% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
PDIIX vs. AGG - Dividend Comparison
PDIIX's dividend yield for the trailing twelve months is around 5.16%, more than AGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
PDIIX PIMCO Diversified Income Fund | 5.16% | 5.42% | 5.18% | 4.66% | 3.91% | 3.65% | 3.68% | 5.04% | 4.46% | 4.84% | 4.94% | 7.68% |
Frequently Asked Questions
PDIIX and AGG have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.03%) compared to PDIIX (0.91%). In terms of maximum drawdown, PDIIX dropped -21.96% vs AGG's -18.43%.
PDIIX currently has the higher Sharpe Ratio (1.58 vs 0.72), 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.
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