PEMIX vs. VBTLX
PEMIX (PIMCO Emerging Markets Corporate Bond Fund) and VBTLX (Vanguard Total Bond Market Index Fund Admiral Shares) are both mutual funds - PEMIX is a Emerging Markets Bonds fund managed by PIMCO, while VBTLX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, PEMIX returned 3.41%/yr vs 1.30%/yr for VBTLX. Their 0.46 correlation means their historical movements had little consistent relationship. PEMIX charges 0.90%/yr vs 0.04%/yr for VBTLX.
Performance
PEMIX vs. VBTLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PEMIX achieves a 0.96% return, which is significantly higher than VBTLX's -0.70% return. Over the past 10 years, PEMIX has outperformed VBTLX with an annualized return of 3.41%, while VBTLX has yielded a comparatively lower 1.30% annualized return.
PEMIX
- 1D
- 0.00%
- 1M
- -0.87%
- 6M
- 0.18%
- YTD
- 0.96%
- 1Y
- 4.85%
- 3Y*
- 6.89%
- 5Y*
- 1.08%
- 10Y*
- 3.41%
- ALL TIME*
- 4.35%
VBTLX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.93%
- YTD
- -0.70%
- 1Y
- 1.67%
- 3Y*
- 3.69%
- 5Y*
- -0.45%
- 10Y*
- 1.30%
- ALL TIME*
- 3.34%
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 |
PEMIX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEMIX PIMCO Emerging Markets Corporate Bond Fund | 0.96% | 9.97% | 6.32% | 6.03% | -14.12% | -0.72% | 5.78% | 11.87% | -0.64% | 9.03% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | -0.70% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Correlation
The correlation between PEMIX and VBTLX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009 | 0.46 |
The correlation between PEMIX and VBTLX shifts across timeframes, from 0.46 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.
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
PEMIX vs. VBTLX — Risk / Return Rank
PEMIX
VBTLX
PEMIX vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Corporate Bond Fund (PEMIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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.
| PEMIX | VBTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.13 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.99 | +0.80 |
| Martin ratioReturn relative to average drawdown | 7.33 | 2.48 | +4.85 |
Loading charts...
Drawdowns
PEMIX vs. VBTLX - Drawdown Comparison
The maximum PEMIX drawdown since its inception was -23.38%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for PEMIX and VBTLX.
Loading charts...
Drawdown Indicators
| PEMIX | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.38% | -18.81% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.89% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.37% | -4.86% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -18.14% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -23.38% | -18.81% | -4.57% |
Current DrawdownCurrent decline from peak | -0.87% | -3.27% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -2.67% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.15% | -0.34% |
Volatility
PEMIX vs. VBTLX - Volatility Comparison
The current volatility for PIMCO Emerging Markets Corporate Bond Fund (PEMIX) is 0.58%, while Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a volatility of 0.96%. This indicates that PEMIX experiences smaller price fluctuations and is considered to be less risky than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PEMIX | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.96% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.97% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.82% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 6.01% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 4.98% | -1.19% |
PEMIX vs. VBTLX - Expense Ratio Comparison
PEMIX has a 0.90% expense ratio, which is higher than VBTLX's 0.04% expense ratio.
Dividends
PEMIX vs. VBTLX - Dividend Comparison
PEMIX's dividend yield for the trailing twelve months is around 6.02%, more than VBTLX's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEMIX PIMCO Emerging Markets Corporate Bond Fund | 6.02% | 6.15% | 5.45% | 4.08% | 3.02% | 3.41% | 3.78% | 4.55% | 4.99% | 4.33% | 4.62% | 5.32% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.72% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
Frequently Asked Questions
PEMIX and VBTLX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBTLX has higher volatility (0.96%) compared to PEMIX (0.58%). In terms of maximum drawdown, PEMIX dropped -23.38% vs VBTLX's -18.81%.
PEMIX currently has the higher Sharpe Ratio (1.97 vs 0.75), 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 PEMIX and VBTLX
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