PFIIX vs. BNDX
PFIIX (PIMCO Low Duration Income Fund) and BNDX (Vanguard Total International Bond ETF) are both funds - PFIIX is a Short-Term Bond fund managed by PIMCO, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Over the past 10 years, PFIIX returned 4.78%/yr vs 1.69%/yr for BNDX. At a 0.16 correlation, their price movements are largely independent. PFIIX charges 0.50%/yr vs 0.07%/yr for BNDX.
Performance
PFIIX vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, PFIIX achieves a 1.10% return, which is significantly higher than BNDX's 0.85% return. Over the past 10 years, PFIIX has outperformed BNDX with an annualized return of 4.78%, while BNDX has yielded a comparatively lower 1.69% annualized return.
PFIIX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.10%
- 6M
- 1.56%
- 1Y
- 6.73%
- 3Y*
- 7.37%
- 5Y*
- 3.98%
- 10Y*
- 4.78%
BNDX
- 1D
- 0.58%
- 1M
- 1.01%
- YTD
- 0.85%
- 6M
- 0.99%
- 1Y
- 1.99%
- 3Y*
- 4.13%
- 5Y*
- 0.29%
- 10Y*
- 1.69%
PFIIX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | 1.10% | 9.56% | 6.58% | 7.78% | -5.29% | 2.38% | 4.84% | 6.72% | 1.56% | 6.05% |
BNDX Vanguard Total International Bond ETF | 0.85% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between PFIIX and BNDX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.16 |
Over the past year, PFIIX and BNDX have become more correlated (0.64) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
PFIIX vs. BNDX — Risk / Return Rank
PFIIX
BNDX
PFIIX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) and Vanguard Total International Bond ETF (BNDX). 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.
| PFIIX | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.10 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.68 | +2.58 |
| Martin ratioReturn relative to average drawdown | 13.92 | 1.90 | +12.02 |
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Drawdowns
PFIIX vs. BNDX - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -28.35%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for PFIIX and BNDX.
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Drawdown Indicators
| PFIIX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.35% | -16.23% | -12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -2.93% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -2.23% | -2.93% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -15.86% | +7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -11.72% | -16.23% | +4.51% |
Current DrawdownCurrent decline from peak | -0.36% | -1.18% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -3.10% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.05% | -0.55% |
Volatility
PFIIX vs. BNDX - Volatility Comparison
The current volatility for PIMCO Low Duration Income Fund (PFIIX) is 1.03%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.50%. This indicates that PFIIX experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIIX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.50% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.96% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 3.47% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 4.89% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 4.10% | -0.93% |
PFIIX vs. BNDX - Expense Ratio Comparison
PFIIX has a 0.50% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
PFIIX vs. BNDX - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 5.29%, more than BNDX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.48% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
PFIIX PIMCO Low Duration Income Fund | 5.29% | 5.49% | 5.37% | 4.97% | 5.35% | 3.06% | 3.44% | 4.74% | 3.22% | 3.13% | 3.75% | 5.36% |
Frequently Asked Questions
PFIIX and BNDX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.50%) compared to PFIIX (1.03%). In terms of maximum drawdown, PFIIX dropped -28.35% vs BNDX's -16.23%.
PFIIX currently has the higher Sharpe Ratio (2.55 vs 0.58), 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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