PEDIX vs. HLGAX
PEDIX (PIMCO Extended Duration Fund) and HLGAX (JPMorgan Government Bond Fund) are both Government Bonds funds. Over the past 10 years, PEDIX returned -4.27%/yr vs 0.94%/yr for HLGAX. Their correlation of 0.86 means they have usually moved in the same direction. PEDIX charges 0.50%/yr vs 0.47%/yr for HLGAX.
Performance
PEDIX vs. HLGAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PEDIX achieves a -5.53% return, which is significantly lower than HLGAX's -0.99% return. Over the past 10 years, PEDIX has underperformed HLGAX with an annualized return of -4.27%, while HLGAX has yielded a comparatively higher 0.94% annualized return.
PEDIX
- 1D
- -0.17%
- 1M
- -5.94%
- 6M
- -5.80%
- YTD
- -5.53%
- 1Y
- -4.34%
- 3Y*
- -5.13%
- 5Y*
- -12.22%
- 10Y*
- -4.27%
- ALL TIME*
- 3.23%
HLGAX
- 1D
- 0.00%
- 1M
- -0.72%
- 6M
- -1.25%
- YTD
- -0.99%
- 1Y
- 1.42%
- 3Y*
- 3.21%
- 5Y*
- -0.62%
- 10Y*
- 0.94%
- ALL TIME*
- 3.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PEDIX vs. HLGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEDIX PIMCO Extended Duration Fund | -5.53% | 3.01% | -12.61% | 2.71% | -40.33% | -5.54% | 24.68% | 18.66% | -4.01% | 13.85% |
HLGAX JPMorgan Government Bond Fund | -0.99% | 6.70% | 1.26% | 4.38% | -11.85% | -2.12% | 6.95% | 6.58% | 0.84% | 2.36% |
Correlation
The correlation between PEDIX and HLGAX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2006 | 0.86 |
The correlation between PEDIX and HLGAX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PEDIX vs. HLGAX — Risk / Return Rank
PEDIX
HLGAX
PEDIX vs. HLGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Extended Duration Fund (PEDIX) and JPMorgan Government Bond Fund (HLGAX). 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.
| PEDIX | HLGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.69 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.36 | 1.59 | -1.95 |
Loading charts...
Drawdowns
PEDIX vs. HLGAX - Drawdown Comparison
The maximum PEDIX drawdown since its inception was -60.38%, which is greater than HLGAX's maximum drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for PEDIX and HLGAX.
Loading charts...
Drawdown Indicators
| PEDIX | HLGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -17.41% | -42.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -3.32% | -9.27% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | -4.69% | -17.94% |
Max Drawdown (5Y)Largest decline over 5 years | -56.15% | -16.46% | -39.69% |
Max Drawdown (10Y)Largest decline over 10 years | -60.38% | -17.41% | -42.97% |
Current DrawdownCurrent decline from peak | -55.62% | -4.42% | -51.20% |
Average DrawdownAverage peak-to-trough decline | -21.45% | -2.54% | -18.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 1.43% | +4.53% |
Volatility
PEDIX vs. HLGAX - Volatility Comparison
PIMCO Extended Duration Fund (PEDIX) has a higher volatility of 3.90% compared to JPMorgan Government Bond Fund (HLGAX) at 0.98%. This indicates that PEDIX's price experiences larger fluctuations and is considered to be riskier than HLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PEDIX | HLGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 0.98% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 2.89% | +8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 3.70% | +10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 5.58% | +16.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 4.57% | +15.91% |
PEDIX vs. HLGAX - Expense Ratio Comparison
PEDIX has a 0.50% expense ratio, which is higher than HLGAX's 0.47% expense ratio.
Dividends
PEDIX vs. HLGAX - Dividend Comparison
PEDIX's dividend yield for the trailing twelve months is around 3.84%, more than HLGAX's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | 2.94% | 2.91% | 2.86% | 2.56% | 2.12% | 1.49% | 1.80% | 2.36% | 2.45% | 2.44% | 2.78% | 3.99% |
PEDIX PIMCO Extended Duration Fund | 3.84% | 3.41% | 1.86% | 4.59% | 3.02% | 27.69% | 22.31% | 2.35% | 3.91% | 4.00% | 8.05% | 4.96% |
Frequently Asked Questions
PEDIX and HLGAX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEDIX has higher volatility (3.90%) compared to HLGAX (0.98%). In terms of maximum drawdown, PEDIX dropped -60.38% vs HLGAX's -17.41%.
HLGAX currently has the higher Sharpe Ratio (0.62 vs -0.15), 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.
Find the right allocation for PEDIX and HLGAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer