PEBIX vs. GMOQX

Last updated Apr 2, 2026

Compare and contrast key facts about PIMCO Emerging Markets Bond Fund (PEBIX) and GMO Emerging Country Debt Fund Class VI (GMOQX).

PEBIX is managed by PIMCO. It was launched on Jul 30, 1997. GMOQX is an actively managed fund by GMO. It was launched on Apr 19, 1994.

Performance

PEBIX vs. GMOQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Emerging Markets Bond Fund (PEBIX) and GMO Emerging Country Debt Fund Class VI (GMOQX). The values are adjusted to include any dividend payments, if applicable.

PEBIX vs. GMOQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PEBIX PIMCO Emerging Markets Bond Fund	-1.60%	15.48%	7.83%	11.48%	-17.48%	-1.84%
GMOQX GMO Emerging Country Debt Fund Class VI	2.32%	22.45%	12.60%	17.76%	-16.26%	-2.20%

Returns By Period

In the year-to-date period, PEBIX achieves a -1.60% return, which is significantly lower than GMOQX's 2.32% return.

PEBIX

• 1D: 0.34%
• 1M: -3.38%
• YTD: -1.60%
• 6M: 1.78%
• 1Y: 10.14%
• 3Y*: 10.00%
• 5Y*: 2.93%
• 10Y*: 4.56%

GMOQX

• 1D: 0.31%
• 1M: -2.50%
• YTD: 2.32%
• 6M: 8.47%
• 1Y: 20.48%
• 3Y*: 17.70%
• 5Y*: —
• 10Y*: —

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

PEBIX vs. GMOQX - Expense Ratio Comparison

PEBIX has a 0.83% expense ratio, which is higher than GMOQX's 0.51% expense ratio.

PEBIX

PIMCO Emerging Markets Bond Fund

GMOQX

GMO Emerging Country Debt Fund Class VI

Return for Risk

PEBIX vs. GMOQX — Risk / Return Rank

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

PEBIX

PEBIX Risk / Return Rank: 90
PEBIX Sharpe Ratio Rank: 92
PEBIX Sortino Ratio Rank: 93
PEBIX Omega Ratio Rank: 90
PEBIX Calmar Ratio Rank: 88
PEBIX Martin Ratio Rank: 89

GMOQX

GMOQX Risk / Return Rank: 97
GMOQX Sharpe Ratio Rank: 98
GMOQX Sortino Ratio Rank: 98
GMOQX Omega Ratio Rank: 98
GMOQX Calmar Ratio Rank: 95
GMOQX Martin Ratio Rank: 97

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.

PEBIX vs. GMOQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Bond Fund (PEBIX) and GMO Emerging Country Debt Fund Class VI (GMOQX). 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.

	PEBIX	GMOQX	Difference
Sharpe ratio Return per unit of total volatility	2.04	3.14	-1.10
Sortino ratio Return per unit of downside risk	2.90	4.57	-1.68
Omega ratio Gain probability vs. loss probability	1.41	1.75	-0.34
Calmar ratio Return relative to maximum drawdown	2.46	3.59	-1.13
Martin ratio Return relative to average drawdown	10.07	18.03	-7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEBIX vs. GMOQX - Sharpe Ratio Comparison

The current PEBIX Sharpe Ratio is 2.04, which is lower than the GMOQX Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of PEBIX and GMOQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEBIX	GMOQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	3.14	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.63	+0.25

Correlation

The correlation between PEBIX and GMOQX is 0.83, 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

PEBIX vs. GMOQX - Dividend Comparison

PEBIX's dividend yield for the trailing twelve months is around 6.09%, less than GMOQX's 6.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEBIX PIMCO Emerging Markets Bond Fund	6.09%	6.68%	6.81%	5.36%	6.21%	4.41%	4.23%	4.47%	4.41%	5.10%	5.57%	6.08%
GMOQX GMO Emerging Country Debt Fund Class VI	6.23%	6.37%	6.23%	10.36%	13.87%	7.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PEBIX vs. GMOQX - Drawdown Comparison

The maximum PEBIX drawdown since its inception was -35.49%, which is greater than GMOQX's maximum drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for PEBIX and GMOQX.

Drawdown Indicators

	PEBIX	GMOQX	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-31.41%	-4.08%
Max Drawdown (1Y) Largest decline over 1 year	-4.56%	-5.66%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-28.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.10%	—	—
Current Drawdown Current decline from peak	-3.90%	-3.53%	-0.37%
Average Drawdown Average peak-to-trough decline	-4.71%	-10.04%	+5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.14%	-0.03%

Volatility

PEBIX vs. GMOQX - Volatility Comparison

The current volatility for PIMCO Emerging Markets Bond Fund (PEBIX) is 1.88%, while GMO Emerging Country Debt Fund Class VI (GMOQX) has a volatility of 2.28%. This indicates that PEBIX experiences smaller price fluctuations and is considered to be less risky than GMOQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEBIX	GMOQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	2.28%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	3.93%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	5.17%	6.71%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	11.00%	-4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	11.00%	-4.64%