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.
Performance
PFIIX vs. VCSH - Performance Comparison
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PFIIX vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | -0.72% | 9.56% | 7.19% | 7.78% | -5.29% | 2.38% | 4.84% | 6.72% | 1.56% | 6.05% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.92% | 2.17% |
Returns By Period
In the year-to-date period, PFIIX achieves a -0.72% return, which is significantly lower than VCSH's 0.13% return. Over the past 10 years, PFIIX has outperformed VCSH with an annualized return of 5.09%, while VCSH has yielded a comparatively lower 2.72% annualized return.
PFIIX
- 1D
- 0.25%
- 1M
- -1.92%
- YTD
- -0.72%
- 6M
- 1.39%
- 1Y
- 5.80%
- 3Y*
- 7.32%
- 5Y*
- 3.91%
- 10Y*
- 5.09%
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
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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.
Return for Risk
PFIIX vs. VCSH — Risk / Return Rank
PFIIX
VCSH
PFIIX vs. VCSH - Risk-Adjusted Trends 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.
| PFIIX | VCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 2.17 | -0.01 |
Sortino ratioReturn per unit of downside risk | 3.34 | 3.19 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.45 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.52 | -0.60 |
Martin ratioReturn relative to average drawdown | 11.40 | 14.44 | -3.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFIIX | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.17 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 0.83 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.61 | 0.81 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.01 | -0.10 |
Correlation
The correlation between PFIIX and VCSH is 0.22, 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.
Dividends
PFIIX vs. VCSH - Dividend Comparison
PFIIX's dividend yield for the trailing twelve months is around 5.05%, more than VCSH's 4.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIIX PIMCO Low Duration Income Fund | 5.05% | 5.49% | 5.94% | 4.97% | 5.35% | 3.06% | 3.44% | 4.74% | 3.22% | 3.13% | 3.75% | 5.36% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Drawdowns
PFIIX vs. VCSH - Drawdown Comparison
The maximum PFIIX drawdown since its inception was -28.35%, 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.
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Drawdown Indicators
| PFIIX | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.35% | -12.86% | -15.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -1.40% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -9.48% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -11.72% | -12.86% | +1.14% |
Current DrawdownCurrent decline from peak | -1.92% | -0.83% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -0.97% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.34% | +0.21% |
Volatility
PFIIX vs. VCSH - Volatility Comparison
PIMCO Low Duration Income Fund (PFIIX) has a higher volatility of 1.17% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.94%. 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.
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Volatility by Period
| PFIIX | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.94% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 1.29% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 2.28% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 2.86% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 3.35% | -0.18% |