PFIIX vs. BIL
Compare and contrast key facts about PIMCO Low Duration Income Fund (PFIIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
PFIIX is managed by PIMCO. It was launched on Jul 30, 2004. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIIX or BIL.
Key characteristics
| PFIIX | BIL | |
|---|---|---|
| YTD Return | 6.63% | 4.53% |
| 1Y Return | 10.45% | 5.28% |
| 3Y Return (Ann) | 3.31% | 3.63% |
| 5Y Return (Ann) | 3.68% | 2.26% |
| 10Y Return (Ann) | 3.91% | 1.55% |
| Sharpe Ratio | 3.90 | 20.36 |
| Sortino Ratio | 6.60 | 273.01 |
| Omega Ratio | 1.96 | 158.62 |
| Calmar Ratio | 8.37 | 482.85 |
| Martin Ratio | 29.74 | 4,446.78 |
| Ulcer Index | 0.35% | 0.00% |
| Daily Std Dev | 2.68% | 0.26% |
| Max Drawdown | -29.16% | -0.77% |
| Current Drawdown | -0.14% | -0.01% |
Correlation
The correlation between PFIIX and BIL is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PFIIX vs. BIL - Performance Comparison
In the year-to-date period, PFIIX achieves a 6.63% return, which is significantly higher than BIL's 4.53% return. Over the past 10 years, PFIIX has outperformed BIL with an annualized return of 3.91%, while BIL has yielded a comparatively lower 1.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFIIX vs. BIL - Expense Ratio Comparison
PFIIX has a 0.50% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
PFIIX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
Dividends
PFIIX vs. BIL - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 5.20%, which matches BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | 5.20% | 4.99% | 6.32% | 3.06% | 3.46% | 4.76% | 3.21% | 3.15% | 3.78% | 5.37% | 5.15% | 4.50% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFIIX vs. BIL - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -29.16%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for PFIIX and BIL. For additional features, visit the drawdowns tool.
Volatility
PFIIX vs. BIL - Volatility Comparison
PIMCO Low Duration Income Fund (PFIIX) has a higher volatility of 0.81% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that PFIIX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.