PDMIX vs. BND

Last updated Jun 24, 2026

PDMIX (PIMCO GNMA and Government Securities Fund) and BND (Vanguard Total Bond Market ETF) are both funds - PDMIX is a Government Bonds fund managed by PIMCO, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, PDMIX returned 1.50%/yr vs 1.56%/yr for BND. A 0.76 correlation means they provide meaningful diversification when combined. PDMIX charges 0.50%/yr vs 0.03%/yr for BND.

Performance

PDMIX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO GNMA and Government Securities Fund (PDMIX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDMIX achieves a 0.80% return, which is significantly higher than BND's 0.49% return. Both investments have delivered pretty close results over the past 10 years, with PDMIX having a 1.50% annualized return and BND not far ahead at 1.56%.

PDMIX

• 1D: -0.42%
• 1M: 0.45%
• YTD: 0.80%
• 6M: 0.99%
• 1Y: 5.62%
• 3Y*: 4.64%
• 5Y*: 0.22%
• 10Y*: 1.50%

BND

• 1D: 0.11%
• 1M: 0.64%
• YTD: 0.49%
• 6M: 0.57%
• 1Y: 4.23%
• 3Y*: 3.96%
• 5Y*: 0.05%
• 10Y*: 1.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PDMIX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDMIX PIMCO GNMA and Government Securities Fund	0.80%	8.43%	1.59%	6.03%	-13.96%	-0.65%	5.78%	6.57%	0.83%	2.06%
BND Vanguard Total Bond Market ETF	0.49%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between PDMIX and BND is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	0.76

The correlation between PDMIX and BND shifts across timeframes, from 0.76 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PDMIX vs. BND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDMIX

PDMIX Risk / Return Rank: 26
PDMIX Sharpe Ratio Rank: 25
PDMIX Sortino Ratio Rank: 27
PDMIX Omega Ratio Rank: 26
PDMIX Calmar Ratio Rank: 27
PDMIX Martin Ratio Rank: 27

BND

BND Risk / Return Rank: 32
BND Sharpe Ratio Rank: 32
BND Sortino Ratio Rank: 33
BND Omega Ratio Rank: 30
BND Calmar Ratio Rank: 33
BND Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDMIX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO GNMA and Government Securities Fund (PDMIX) and Vanguard Total Bond Market ETF (BND). 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.

	PDMIX	BND	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.14	+0.19
Sortino ratio: Return per unit of downside risk	1.99	1.70	+0.29
Omega ratio: Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio: Return relative to maximum drawdown	1.82	1.59	+0.23
Martin ratio: Return relative to average drawdown	5.84	4.52	+1.32

PDMIX vs. BND - Sharpe Ratio Comparison

The current PDMIX Sharpe Ratio is 1.33, which is comparable to the BND Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of PDMIX and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDMIX vs. BND - Drawdown Comparison

The maximum PDMIX drawdown since its inception was -18.64%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for PDMIX and BND.

Drawdown Indicators

	PDMIX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-18.58%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-2.68%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-7.13%	-5.92%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-18.59%	-17.91%	-0.68%
Max Drawdown (10Y) Largest decline over 10 years	-18.64%	-18.58%	-0.06%
Current Drawdown Current decline from peak	-1.76%	-2.15%	+0.39%
Average Drawdown Average peak-to-trough decline	-1.75%	-3.06%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.94%	+0.07%

Volatility

PDMIX vs. BND - Volatility Comparison

PIMCO GNMA and Government Securities Fund (PDMIX) has a higher volatility of 1.43% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that PDMIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDMIX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.08%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	3.43%	2.77%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	4.44%	3.74%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	6.03%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	5.53%	-0.45%

PDMIX vs. BND - Expense Ratio Comparison

PDMIX has a 0.50% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

PDMIX vs. BND - Dividend Comparison

PDMIX's dividend yield for the trailing twelve months is around 4.32%, more than BND's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
PDMIX PIMCO GNMA and Government Securities Fund	4.32%	4.29%	4.66%	3.76%	3.84%	2.03%	2.40%	3.41%	3.10%	2.96%	2.93%	2.14%

Frequently Asked Questions

Can I hold both PDMIX and BND in my portfolio?

PDMIX and BND have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDMIX or BND?

PDMIX has higher volatility (1.43%) compared to BND (1.08%). In terms of maximum drawdown, PDMIX dropped -18.64% vs BND's -18.58%.

Which has better risk-adjusted returns?

PDMIX currently has the higher Sharpe Ratio (1.33 vs 1.14), 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.