PFBPX vs. EAIIX
PFBPX (PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2) and EAIIX (Eaton Vance Global Bond Fund) are both Global Bonds funds. Over the past 10 years, PFBPX returned 2.78%/yr vs 2.69%/yr for EAIIX. At a 0.23 correlation, their price movements are largely independent. PFBPX charges 0.67%/yr vs 1.02%/yr for EAIIX.
Performance
PFBPX vs. EAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, PFBPX achieves a 0.59% return, which is significantly lower than EAIIX's 3.00% return. Both investments have delivered pretty close results over the past 10 years, with PFBPX having a 2.78% annualized return and EAIIX not far behind at 2.69%.
PFBPX
- 1D
- 0.20%
- 1M
- 1.26%
- YTD
- 0.59%
- 6M
- 1.03%
- 1Y
- 3.00%
- 3Y*
- 5.45%
- 5Y*
- 1.60%
- 10Y*
- 2.78%
EAIIX
- 1D
- -0.15%
- 1M
- -0.66%
- YTD
- 3.00%
- 6M
- 3.14%
- 1Y
- 8.15%
- 3Y*
- 6.12%
- 5Y*
- 1.18%
- 10Y*
- 2.69%
PFBPX vs. EAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFBPX PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 | 0.59% | 4.23% | 5.60% | 9.39% | -10.42% | -1.76% | 6.05% | 7.53% | 2.53% | 3.42% |
EAIIX Eaton Vance Global Bond Fund | 3.00% | 13.67% | -2.81% | 8.45% | -11.29% | -5.71% | 9.33% | 6.09% | -2.67% | 10.58% |
Correlation
The correlation between PFBPX and EAIIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2008 | 0.23 |
The correlation between PFBPX and EAIIX shifts across timeframes, from 0.23 (all time) to 0.43 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PFBPX vs. EAIIX — Risk / Return Rank
PFBPX
EAIIX
PFBPX vs. EAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and Eaton Vance Global Bond Fund (EAIIX). 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.
| PFBPX | EAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.53 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.59 | -2.83 |
| Martin ratioReturn relative to average drawdown | 2.23 | 13.01 | -10.78 |
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Drawdowns
PFBPX vs. EAIIX - Drawdown Comparison
The maximum PFBPX drawdown since its inception was -16.52%, smaller than the maximum EAIIX drawdown of -25.32%. Use the drawdown chart below to compare losses from any high point for PFBPX and EAIIX.
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Drawdown Indicators
| PFBPX | EAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -25.32% | +8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -2.33% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -8.35% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -13.80% | -23.13% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -14.00% | -25.32% | +11.32% |
Current DrawdownCurrent decline from peak | -0.89% | -1.24% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -5.03% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.64% | +0.71% |
Volatility
PFBPX vs. EAIIX - Volatility Comparison
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) has a higher volatility of 1.05% compared to Eaton Vance Global Bond Fund (EAIIX) at 0.95%. This indicates that PFBPX's price experiences larger fluctuations and is considered to be riskier than EAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFBPX | EAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.95% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 2.54% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.21% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 6.54% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 5.50% | -2.35% |
PFBPX vs. EAIIX - Expense Ratio Comparison
PFBPX has a 0.67% expense ratio, which is lower than EAIIX's 1.02% expense ratio.
Dividends
PFBPX vs. EAIIX - Dividend Comparison
PFBPX's dividend yield for the trailing twelve months is around 3.98%, less than EAIIX's 8.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 8.81% | 7.44% | 4.80% | 4.42% | 4.54% | 5.37% | 6.13% | 5.69% | 4.70% | 4.43% | 5.53% | 5.89% |
PFBPX PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 | 3.98% | 4.13% | 4.82% | 2.91% | 3.55% | 1.45% | 2.35% | 6.76% | 2.80% | 1.36% | 1.28% | 9.01% |
Frequently Asked Questions
PFBPX and EAIIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFBPX has higher volatility (1.05%) compared to EAIIX (0.95%). In terms of maximum drawdown, PFBPX dropped -16.52% vs EAIIX's -25.32%.
EAIIX currently has the higher Sharpe Ratio (2.62 vs 0.79), 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.
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