PFBPX vs. PIMIX

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 Income Fund Institutional Class (PIMIX).

PFBPX is an actively managed fund by PIMCO. It was launched on Apr 30, 2008. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.

Performance

PFBPX vs. PIMIX - 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 Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

PFBPX vs. PIMIX - 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%
PIMIX PIMCO Income Fund Institutional Class	-1.36%	11.08%	5.45%	9.36%	-9.07%	2.62%	5.84%	8.10%	0.63%	8.63%

Returns By Period

In the year-to-date period, PFBPX achieves a -2.25% return, which is significantly lower than PIMIX's -1.36% return. Over the past 10 years, PFBPX has underperformed PIMIX with an annualized return of 2.66%, while PIMIX has yielded a comparatively higher 4.66% annualized return.

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%

PIMIX

• 1D: 0.47%
• 1M: -3.24%
• YTD: -1.36%
• 6M: 1.15%
• 1Y: 6.07%
• 3Y*: 7.20%
• 5Y*: 3.38%
• 10Y*: 4.66%

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

PFBPX vs. PIMIX - Expense Ratio Comparison

PFBPX has a 0.67% expense ratio, which is higher than PIMIX's 0.62% expense ratio.

PFBPX

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

PIMIX

PIMCO Income Fund Institutional Class

Return for Risk

PFBPX vs. PIMIX — 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

PIMIX

PIMIX Risk / Return Rank: 81
PIMIX Sharpe Ratio Rank: 83
PIMIX Sortino Ratio Rank: 86
PIMIX Omega Ratio Rank: 78
PIMIX Calmar Ratio Rank: 80
PIMIX Martin Ratio Rank: 78

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. PIMIX - 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 Income Fund Institutional Class (PIMIX). 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	PIMIX	Difference
Sharpe ratio Return per unit of total volatility	0.61	1.56	-0.95
Sortino ratio Return per unit of downside risk	0.84	2.25	-1.40
Omega ratio Gain probability vs. loss probability	1.11	1.29	-0.18
Calmar ratio Return relative to maximum drawdown	0.58	1.87	-1.29
Martin ratio Return relative to average drawdown	2.70	7.56	-4.86
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. PIMIX - Sharpe Ratio Comparison

The current PFBPX Sharpe Ratio is 0.61, which is lower than the PIMIX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of PFBPX and PIMIX, 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	PIMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	1.56	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.72	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	1.11	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	1.56	-0.46

Correlation

The correlation between PFBPX and PIMIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PFBPX vs. PIMIX - Dividend Comparison

PFBPX's dividend yield for the trailing twelve months is around 3.78%, less than PIMIX's 5.57% 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%
PIMIX PIMCO Income Fund Institutional Class	5.57%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%

Drawdowns

PFBPX vs. PIMIX - Drawdown Comparison

The maximum PFBPX drawdown since its inception was -16.52%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PFBPX and PIMIX.

Drawdown Indicators

	PFBPX	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.52%	-13.39%	-3.13%
Max Drawdown (1Y) Largest decline over 1 year	-3.99%	-3.69%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-13.80%	-13.34%	-0.46%
Max Drawdown (10Y) Largest decline over 10 years	-14.00%	-13.39%	-0.61%
Current Drawdown Current decline from peak	-3.69%	-3.24%	-0.45%
Average Drawdown Average peak-to-trough decline	-2.31%	-1.69%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.92%	-0.05%

Volatility

PFBPX vs. PIMIX - Volatility Comparison

PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and PIMCO Income Fund Institutional Class (PIMIX) have volatilities of 1.93% and 1.88%, 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	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	1.88%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	2.64%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.37%	4.28%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.46%	4.75%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	4.20%	-1.13%