PFIIX vs. VCSH
Compare and contrast key facts about PIMCO Low Duration Income Fund (PFIIX) and Vanguard Short-Term Corporate Bond ETF (VCSH).
PFIIX is managed by PIMCO. It was launched on Jul 30, 2004. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFIIX or VCSH.
Key characteristics
| PFIIX | VCSH | |
|---|---|---|
| YTD Return | 6.77% | 4.66% |
| 1Y Return | 10.59% | 8.41% |
| 3Y Return (Ann) | 3.34% | 1.45% |
| 5Y Return (Ann) | 3.67% | 2.01% |
| 10Y Return (Ann) | 3.85% | 2.33% |
| Sharpe Ratio | 3.83 | 3.20 |
| Sortino Ratio | 6.44 | 5.21 |
| Omega Ratio | 1.94 | 1.67 |
| Calmar Ratio | 8.25 | 1.91 |
| Martin Ratio | 29.33 | 19.82 |
| Ulcer Index | 0.35% | 0.41% |
| Daily Std Dev | 2.69% | 2.55% |
| Max Drawdown | -29.16% | -12.86% |
| Current Drawdown | -0.02% | -0.80% |
Correlation
The correlation between PFIIX and VCSH is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PFIIX vs. VCSH - Performance Comparison
In the year-to-date period, PFIIX achieves a 6.77% return, which is significantly higher than VCSH's 4.66% return. Over the past 10 years, PFIIX has outperformed VCSH with an annualized return of 3.85%, while VCSH has yielded a comparatively lower 2.33% 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. VCSH - Expense Ratio Comparison
PFIIX has a 0.50% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Risk-Adjusted Performance
PFIIX vs. VCSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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. VCSH - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 5.19%, more than VCSH's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | 5.19% | 4.99% | 6.32% | 3.06% | 3.46% | 4.76% | 3.21% | 3.15% | 3.78% | 5.37% | 5.15% | 4.50% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.81% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
PFIIX vs. VCSH - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -29.16%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for PFIIX and VCSH. For additional features, visit the drawdowns tool.
Volatility
PFIIX vs. VCSH - Volatility Comparison
PIMCO Low Duration Income Fund (PFIIX) has a higher volatility of 0.80% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.64%. This indicates that PFIIX's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.