PEDIX vs. LTUSX

Last updated Aug 1, 2026

PEDIX (PIMCO Extended Duration Fund) and LTUSX (Thornburg Limited Term U.S. Government Fund) are both Government Bonds funds. Over the past 10 years, PEDIX returned -4.27%/yr vs 0.96%/yr for LTUSX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PEDIX charges 0.50%/yr vs 0.92%/yr for LTUSX.

Performance

PEDIX vs. LTUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Extended Duration Fund (PEDIX) and Thornburg Limited Term U.S. Government Fund (LTUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEDIX achieves a -5.53% return, which is significantly lower than LTUSX's 0.35% return. Over the past 10 years, PEDIX has underperformed LTUSX with an annualized return of -4.27%, while LTUSX has yielded a comparatively higher 0.96% 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%

LTUSX

• 1D: 0.08%
• 1M: -0.25%
• 6M: 0.00%
• YTD: 0.35%
• 1Y: 2.49%
• 3Y*: 3.70%
• 5Y*: 0.54%
• 10Y*: 0.96%
• ALL TIME*: 3.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LTUSX Thornburg Limited Term U.S. Government Fund	$0.00	$0.00	$0.00
PEDIX PIMCO Extended Duration Fund	$0.00	$0.00	$0.00

PEDIX vs. LTUSX - 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%
LTUSX Thornburg Limited Term U.S. Government Fund	0.35%	6.40%	2.40%	3.40%	-8.06%	-1.82%	3.77%	3.61%	0.98%	0.60%

Correlation

The correlation between PEDIX and LTUSX 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.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Aug 31, 2006	0.70

The correlation between PEDIX and LTUSX has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.

Return for Risk

PEDIX vs. LTUSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PEDIX

PEDIX Risk / Return Rank: 3
PEDIX Sharpe Ratio Rank: 3
PEDIX Sortino Ratio Rank: 3
PEDIX Omega Ratio Rank: 3
PEDIX Calmar Ratio Rank: 3
PEDIX Martin Ratio Rank: 3

LTUSX

LTUSX Risk / Return Rank: 34
LTUSX Sharpe Ratio Rank: 38
LTUSX Sortino Ratio Rank: 38
LTUSX Omega Ratio Rank: 36
LTUSX Calmar Ratio Rank: 33
LTUSX Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PEDIX vs. LTUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Extended Duration Fund (PEDIX) and Thornburg Limited Term U.S. Government Fund (LTUSX). 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	LTUSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	1.19	-1.33
Sortino ratio: Return per unit of downside risk	-0.11	1.75	-1.86
Omega ratio: Gain probability vs. loss probability	0.99	1.21	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.17	1.48	-1.65
Martin ratio: Return relative to average drawdown	-0.36	3.50	-3.86

PEDIX vs. LTUSX - Sharpe Ratio Comparison

The current PEDIX Sharpe Ratio is -0.15, which is lower than the LTUSX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of PEDIX and LTUSX, 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

PEDIX vs. LTUSX - Drawdown Comparison

The maximum PEDIX drawdown since its inception was -60.38%, which is greater than LTUSX's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for PEDIX and LTUSX.

Drawdown Indicators

	PEDIX	LTUSX	Difference
Max Drawdown Largest peak-to-trough decline	-60.38%	-12.34%	-48.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-2.31%	-10.28%
Max Drawdown (3Y) Largest decline over 3 years	-22.63%	-3.23%	-19.40%
Max Drawdown (5Y) Largest decline over 5 years	-56.15%	-11.69%	-44.46%
Max Drawdown (10Y) Largest decline over 10 years	-60.38%	-12.34%	-48.04%
Current Drawdown Current decline from peak	-55.62%	-1.62%	-54.00%
Average Drawdown Average peak-to-trough decline	-21.45%	-1.40%	-20.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	0.97%	+4.99%

Volatility

PEDIX vs. LTUSX - Volatility Comparison

PIMCO Extended Duration Fund (PEDIX) has a higher volatility of 3.90% compared to Thornburg Limited Term U.S. Government Fund (LTUSX) at 0.75%. This indicates that PEDIX's price experiences larger fluctuations and is considered to be riskier than LTUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEDIX	LTUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	0.75%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	2.27%	+8.69%
Volatility (1Y) Calculated over the trailing 1-year period	14.69%	2.88%	+11.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	4.04%	+18.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	3.10%	+17.38%

PEDIX vs. LTUSX - Expense Ratio Comparison

PEDIX has a 0.50% expense ratio, which is lower than LTUSX's 0.92% expense ratio.

Dividends

PEDIX vs. LTUSX - Dividend Comparison

PEDIX's dividend yield for the trailing twelve months is around 3.84%, more than LTUSX's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTUSX Thornburg Limited Term U.S. Government Fund	2.48%	2.69%	2.62%	1.89%	1.63%	1.21%	1.35%	1.77%	1.90%	1.45%	2.52%	1.50%
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

Can I hold both PEDIX and LTUSX in my portfolio?

PEDIX and LTUSX 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.

Which is riskier, PEDIX or LTUSX?

PEDIX has higher volatility (3.90%) compared to LTUSX (0.75%). In terms of maximum drawdown, PEDIX dropped -60.38% vs LTUSX's -12.34%.

Which has better risk-adjusted returns?

LTUSX currently has the higher Sharpe Ratio (1.19 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.