PFIIX vs. SCHZ
PFIIX (PIMCO Low Duration Income Fund) and SCHZ (Schwab U.S. Aggregate Bond ETF) are both funds - PFIIX is a Short-Term Bond fund managed by PIMCO, while SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Over the past 10 years, PFIIX returned 4.55%/yr vs 1.33%/yr for SCHZ. Their 0.14 correlation means their historical movements had little consistent relationship. PFIIX charges 0.50%/yr vs 0.03%/yr for SCHZ.
Performance
PFIIX vs. SCHZ - Performance Comparison
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Returns By Period
In the year-to-date period, PFIIX achieves a 1.13% return, which is significantly higher than SCHZ's -0.32% return. Over the past 10 years, PFIIX has outperformed SCHZ with an annualized return of 4.55%, while SCHZ has yielded a comparatively lower 1.33% annualized 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%
SCHZ
- 1D
- 0.26%
- 1M
- -1.01%
- 6M
- -0.39%
- YTD
- -0.32%
- 1Y
- 2.04%
- 3Y*
- 4.03%
- 5Y*
- -0.44%
- 10Y*
- 1.33%
- ALL TIME*
- 2.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $41.53M | $40.30M | $44.25M |
PFIIX vs. SCHZ - 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | -0.32% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
Correlation
The correlation between PFIIX and SCHZ is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2011 | 0.14 |
Over the past year, PFIIX and SCHZ have become more correlated (0.64) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
PFIIX vs. SCHZ — Risk / Return Rank
PFIIX
SCHZ
PFIIX vs. SCHZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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 | SCHZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.10 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.76 | +1.70 |
| Martin ratioReturn relative to average drawdown | 9.90 | 1.90 | +8.00 |
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Drawdowns
PFIIX vs. SCHZ - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -28.35%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for PFIIX and SCHZ.
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Drawdown Indicators
| PFIIX | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.35% | -18.74% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -2.70% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -2.16% | -5.05% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -17.89% | +9.05% |
Max Drawdown (10Y)Largest decline over 10 years | -11.72% | -18.74% | +7.02% |
Current DrawdownCurrent decline from peak | -0.85% | -3.07% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -3.67% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.07% | -0.54% |
Volatility
PFIIX vs. SCHZ - Volatility Comparison
The current volatility for PIMCO Low Duration Income Fund (PFIIX) is 0.66%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.02%. This indicates that PFIIX experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIIX | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.02% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 2.94% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 3.62% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 6.09% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 5.43% | -2.32% |
PFIIX vs. SCHZ - Expense Ratio Comparison
PFIIX has a 0.50% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
Dividends
PFIIX vs. SCHZ - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 4.79%, more than SCHZ's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.21% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Frequently Asked Questions
PFIIX and SCHZ 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.
SCHZ has higher volatility (1.02%) compared to PFIIX (0.66%). In terms of maximum drawdown, PFIIX dropped -28.35% vs SCHZ's -18.74%.
PFIIX currently has the higher Sharpe Ratio (1.96 vs 0.57), 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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