PFBPX vs. PFORX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).

PFBPX is an actively managed fund by PIMCO. It was launched on Apr 30, 2008. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.

Performance

PFBPX vs. PFORX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). The values are adjusted to include any dividend payments, if applicable.

PFBPX vs. PFORX - 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	-2.25%	4.23%	5.60%	9.39%	-10.42%	-1.76%	6.05%	7.53%	2.53%	3.42%
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged)	-2.23%	4.33%	5.70%	9.52%	-10.33%	-1.67%	6.17%	7.64%	2.64%	3.52%

Returns By Period

The year-to-date returns for both investments are quite close, with PFBPX having a -2.25% return and PFORX slightly higher at -2.23%. Both investments have delivered pretty close results over the past 10 years, with PFBPX having a 2.66% annualized return and PFORX not far ahead at 2.77%.

PFBPX

• 1D: 0.31%
• 1M: -3.69%
• YTD: -2.25%
• 6M: -1.24%
• 1Y: 1.64%
• 3Y*: 4.61%
• 5Y*: 0.98%
• 10Y*: 2.66%

PFORX

• 1D: 0.31%
• 1M: -3.69%
• YTD: -2.23%
• 6M: -1.20%
• 1Y: 1.73%
• 3Y*: 4.71%
• 5Y*: 1.08%
• 10Y*: 2.77%

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

PFBPX vs. PFORX - Expense Ratio Comparison

PFBPX has a 0.67% expense ratio, which is higher than PFORX's 0.50% expense ratio.

PFBPX

PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2

PFORX

PIMCO International Bond Fund (U.S. Dollar-Hedged)

Return for Risk

PFBPX vs. PFORX — Risk / Return Rank

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

PFBPX

PFBPX Risk / Return Rank: 20
PFBPX Sharpe Ratio Rank: 23
PFBPX Sortino Ratio Rank: 18
PFBPX Omega Ratio Rank: 17
PFBPX Calmar Ratio Rank: 19
PFBPX Martin Ratio Rank: 24

PFORX

PFORX Risk / Return Rank: 24
PFORX Sharpe Ratio Rank: 27
PFORX Sortino Ratio Rank: 23
PFORX Omega Ratio Rank: 21
PFORX Calmar Ratio Rank: 21
PFORX Martin Ratio Rank: 26

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.

PFBPX vs. PFORX - 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 PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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.

	PFBPX	PFORX	Difference
Sharpe ratio Return per unit of total volatility	0.61	0.64	-0.03
Sortino ratio Return per unit of downside risk	0.84	0.89	-0.04
Omega ratio Gain probability vs. loss probability	1.11	1.12	-0.01
Calmar ratio Return relative to maximum drawdown	0.58	0.61	-0.03
Martin ratio Return relative to average drawdown	2.70	2.82	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFBPX vs. PFORX - Sharpe Ratio Comparison

The current PFBPX Sharpe Ratio is 0.61, which is comparable to the PFORX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of PFBPX and PFORX, 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

	PFBPX	PFORX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.64	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.31	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.90	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	1.25	-0.16

Correlation

The correlation between PFBPX and PFORX is 1.00, 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

PFBPX vs. PFORX - Dividend Comparison

PFBPX's dividend yield for the trailing twelve months is around 3.78%, less than PFORX's 3.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFBPX PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2	3.78%	4.13%	4.82%	2.91%	3.55%	1.45%	2.35%	6.76%	2.80%	1.36%	1.28%	9.01%
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged)	3.88%	4.23%	4.91%	3.02%	3.65%	1.55%	2.46%	6.86%	2.90%	1.46%	1.38%	9.12%

Drawdowns

PFBPX vs. PFORX - Drawdown Comparison

The maximum PFBPX drawdown since its inception was -16.52%, which is greater than PFORX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PFBPX and PFORX.

Drawdown Indicators

	PFBPX	PFORX	Difference
Max Drawdown Largest peak-to-trough decline	-16.52%	-13.87%	-2.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.99%	-3.99%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-13.80%	-13.71%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-14.00%	-13.87%	-0.13%
Current Drawdown Current decline from peak	-3.69%	-3.69%	0.00%
Average Drawdown Average peak-to-trough decline	-2.31%	-1.95%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.87%	0.00%

Volatility

PFBPX vs. PFORX - Volatility Comparison

PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) have volatilities of 1.93% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFBPX	PFORX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	1.93%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	2.53%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.37%	3.38%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.46%	3.46%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	3.08%	-0.01%