PFIIX vs. SGOV
PFIIX (PIMCO Low Duration Income Fund) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - PFIIX is a Short-Term Bond fund managed by PIMCO, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, PFIIX returned 3.98%/yr vs 3.55%/yr for SGOV. At a 0.01 correlation, their price movements are largely independent. PFIIX charges 0.50%/yr vs 0.09%/yr for SGOV.
Performance
PFIIX vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFIIX achieves a 1.10% return, which is significantly lower than SGOV's 1.59% 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%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.59%
- 6M
- 1.80%
- 1Y
- 3.94%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
PFIIX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | 1.10% | 9.56% | 6.58% | 7.78% | -5.29% | 2.38% | 8.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.59% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between PFIIX and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.01 |
The correlation between PFIIX and SGOV shifts across timeframes, from -0.14 (1 year) to 0.01 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFIIX vs. SGOV — Risk / Return Rank
PFIIX
SGOV
PFIIX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.68 | ||
| Sortino ratioReturn per unit of downside risk | -270.80 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 195.05 | -193.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 397.15 | -393.89 |
| Martin ratioReturn relative to average drawdown | 13.92 | 4,450.29 | -4,436.37 |
Loading charts...
Drawdowns
PFIIX vs. SGOV - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -28.35%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PFIIX and SGOV.
Loading charts...
Drawdown Indicators
| PFIIX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.35% | -0.03% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -0.01% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -2.23% | -0.01% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -0.03% | -8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -11.72% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -0.00% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.00% | +0.50% |
Volatility
PFIIX vs. SGOV - Volatility Comparison
PIMCO Low Duration Income Fund (PFIIX) has a higher volatility of 1.03% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that PFIIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFIIX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.05% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 0.13% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 0.20% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 0.24% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 0.24% | +2.93% |
PFIIX vs. SGOV - Expense Ratio Comparison
PFIIX has a 0.50% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
PFIIX vs. SGOV - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 5.29%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFIIX and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIIX has higher volatility (1.03%) compared to SGOV (0.05%). In terms of maximum drawdown, PFIIX dropped -28.35% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.22 vs 2.55), 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.
Find the right allocation for PFIIX and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer