PFBPX vs. TNBMX
Compare and contrast key facts about PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and T. Rowe Price International Bond Fund (USD Hedged) (TNBMX).
PFBPX is an actively managed fund by PIMCO. It was launched on Apr 30, 2008. TNBMX is managed by T. Rowe Price. It was launched on Sep 11, 2017.
Performance
PFBPX vs. TNBMX - Performance Comparison
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PFBPX vs. TNBMX - 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 | -1.94% | 4.23% | 5.60% | 9.39% | -10.42% | -1.76% | 6.05% | 7.53% | 2.53% | 0.98% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | -0.20% | 6.87% | 3.84% | 10.32% | -12.30% | -1.63% | 5.73% | 10.77% | 1.72% | 1.35% |
Returns By Period
In the year-to-date period, PFBPX achieves a -1.94% return, which is significantly lower than TNBMX's -0.20% return.
PFBPX
- 1D
- 0.31%
- 1M
- -3.10%
- YTD
- -1.94%
- 6M
- -0.93%
- 1Y
- 1.75%
- 3Y*
- 4.71%
- 5Y*
- 1.03%
- 10Y*
- 2.70%
TNBMX
- 1D
- 0.24%
- 1M
- -1.97%
- YTD
- -0.20%
- 6M
- 1.34%
- 1Y
- 6.09%
- 3Y*
- 5.79%
- 5Y*
- 1.41%
- 10Y*
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PFBPX vs. TNBMX - Expense Ratio Comparison
PFBPX has a 0.67% expense ratio, which is higher than TNBMX's 0.53% expense ratio.
Return for Risk
PFBPX vs. TNBMX — Risk / Return Rank
PFBPX
TNBMX
PFBPX vs. TNBMX - 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 T. Rowe Price International Bond Fund (USD Hedged) (TNBMX). 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 | TNBMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 2.32 | -1.73 |
Sortino ratioReturn per unit of downside risk | 0.82 | 3.57 | -2.75 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.55 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 2.85 | -2.22 |
Martin ratioReturn relative to average drawdown | 2.86 | 12.61 | -9.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFBPX | TNBMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.32 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.39 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.86 | +0.24 |
Correlation
The correlation between PFBPX and TNBMX is 0.75, 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. TNBMX - Dividend Comparison
PFBPX's dividend yield for the trailing twelve months is around 3.77%, less than TNBMX's 6.71% 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 | 3.77% | 4.13% | 4.82% | 2.91% | 3.55% | 1.45% | 2.35% | 6.76% | 2.80% | 1.36% | 1.28% | 9.01% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 6.71% | 6.29% | 3.15% | 2.85% | 10.20% | 2.84% | 1.90% | 4.65% | 8.20% | 0.64% | 0.00% | 0.00% |
Drawdowns
PFBPX vs. TNBMX - Drawdown Comparison
The maximum PFBPX drawdown since its inception was -16.52%, roughly equal to the maximum TNBMX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for PFBPX and TNBMX.
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Drawdown Indicators
| PFBPX | TNBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -15.78% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -2.32% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -13.80% | -15.48% | +1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -14.00% | — | — |
Current DrawdownCurrent decline from peak | -3.39% | -2.09% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.16% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.52% | +0.37% |
Volatility
PFBPX vs. TNBMX - Volatility Comparison
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) has a higher volatility of 1.99% compared to T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) at 1.15%. This indicates that PFBPX's price experiences larger fluctuations and is considered to be riskier than TNBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFBPX | TNBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.15% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.80% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 2.71% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 3.60% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 3.33% | -0.26% |