PFIIX vs. DHEIX
PFIIX (PIMCO Low Duration Income Fund) and DHEIX (Diamond Hill Short Duration Securitized Bond Fund Class I) are both Short-Term Bond funds. Over the past 5 years, PFIIX returned 3.96%/yr vs 4.60%/yr for DHEIX. Their 0.38 correlation means their historical movements had little consistent relationship. PFIIX charges 0.50%/yr vs 0.53%/yr for DHEIX.
Performance
PFIIX vs. DHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, PFIIX achieves a 1.13% return, which is significantly lower than DHEIX's 2.40% return.
PFIIX
- 1D
- -0.12%
- 1M
- -0.85%
- 6M
- 0.55%
- YTD
- 1.13%
- 1Y
- 4.87%
- 3Y*
- 6.80%
- 5Y*
- 3.96%
- 10Y*
- 4.55%
- ALL TIME*
- 3.82%
DHEIX
- 1D
- -0.10%
- 1M
- 0.25%
- 6M
- 1.92%
- YTD
- 2.40%
- 1Y
- 4.37%
- 3Y*
- 7.48%
- 5Y*
- 4.60%
- 10Y*
- —
- ALL TIME*
- 4.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PFIIX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | 1.13% | 9.56% | 6.58% | 7.78% | -5.29% | 2.38% | 4.84% | 6.72% | 1.56% | 6.05% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 2.40% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
Correlation
The correlation between PFIIX and DHEIX is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.38 |
The correlation between PFIIX and DHEIX shifts across timeframes, from 0.38 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PFIIX vs. DHEIX — Risk / Return Rank
PFIIX
DHEIX
PFIIX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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 | DHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -4.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 2.44 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 9.42 | -6.96 |
| Martin ratioReturn relative to average drawdown | 9.90 | 41.25 | -31.35 |
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Drawdowns
PFIIX vs. DHEIX - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -28.35%, which is greater than DHEIX's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for PFIIX and DHEIX.
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Drawdown Indicators
| PFIIX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.35% | -12.33% | -16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -0.50% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.16% | -0.50% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -4.87% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -11.72% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.10% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -0.74% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.11% | +0.42% |
Volatility
PFIIX vs. DHEIX - Volatility Comparison
PIMCO Low Duration Income Fund (PFIIX) has a higher volatility of 0.66% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.30%. This indicates that PFIIX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIIX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.30% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 0.80% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 1.07% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 1.54% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 2.25% | +0.86% |
PFIIX vs. DHEIX - Expense Ratio Comparison
PFIIX has a 0.50% expense ratio, which is lower than DHEIX's 0.53% expense ratio.
Dividends
PFIIX vs. DHEIX - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 4.79%, less than DHEIX's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.95% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% | 0.00% |
PFIIX PIMCO Low Duration Income Fund | 4.79% | 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 DHEIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIIX has higher volatility (0.66%) compared to DHEIX (0.30%). In terms of maximum drawdown, PFIIX dropped -28.35% vs DHEIX's -12.33%.
DHEIX currently has the higher Sharpe Ratio (4.39 vs 1.96), 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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