PFIUX vs. PBHAX
PFIUX (PIMCO Dynamic Bond Fund) and PBHAX (PGIM High Yield Fund) are both mutual funds - PFIUX is a Nontraditional Bonds fund managed by PIMCO, while PBHAX is a High Yield Bonds fund managed by PGIM. Over the past 10 years, PFIUX returned 3.78%/yr vs 4.86%/yr for PBHAX. Their 0.37 correlation means their historical movements had little consistent relationship. PFIUX charges 0.81%/yr vs 0.75%/yr for PBHAX.
Performance
PFIUX vs. PBHAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PFIUX having a 1.02% return and PBHAX slightly lower at 0.98%. Over the past 10 years, PFIUX has underperformed PBHAX with an annualized return of 3.78%, while PBHAX has yielded a comparatively higher 4.86% annualized return.
PFIUX
- 1D
- 0.20%
- 1M
- -0.97%
- 6M
- 0.33%
- YTD
- 1.02%
- 1Y
- 5.22%
- 3Y*
- 7.08%
- 5Y*
- 2.99%
- 10Y*
- 3.78%
- ALL TIME*
- 3.77%
PBHAX
- 1D
- 0.21%
- 1M
- -1.04%
- 6M
- 0.42%
- YTD
- 0.98%
- 1Y
- 3.92%
- 3Y*
- 6.99%
- 5Y*
- 2.89%
- 10Y*
- 4.86%
- ALL TIME*
- 6.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PBHAX PGIM High Yield Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PFIUX vs. PBHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFIUX PIMCO Dynamic Bond Fund | 1.02% | 9.30% | 7.12% | 6.83% | -7.48% | 0.32% | 5.43% | 4.83% | 1.98% | 6.41% |
PBHAX PGIM High Yield Fund | 0.98% | 8.79% | 6.89% | 10.75% | -12.51% | 5.63% | 4.87% | 15.86% | -1.53% | 7.50% |
Correlation
The correlation between PFIUX and PBHAX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2008 | 0.37 |
Over the past year, PFIUX and PBHAX have become more correlated (0.69) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
PFIUX vs. PBHAX — Risk / Return Rank
PFIUX
PBHAX
PFIUX vs. PBHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Bond Fund (PFIUX) and PGIM High Yield Fund (PBHAX). 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.
| PFIUX | PBHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.91 | +0.26 |
| Martin ratioReturn relative to average drawdown | 8.02 | 8.98 | -0.97 |
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Drawdowns
PFIUX vs. PBHAX - Drawdown Comparison
The maximum PFIUX drawdown since its inception was -10.67%, smaller than the maximum PBHAX drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for PFIUX and PBHAX.
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Drawdown Indicators
| PFIUX | PBHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -28.80% | +18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -2.48% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.89% | -4.06% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -16.22% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -10.67% | -21.14% | +10.47% |
Current DrawdownCurrent decline from peak | -1.07% | -1.04% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -2.86% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.53% | +0.25% |
Volatility
PFIUX vs. PBHAX - Volatility Comparison
PIMCO Dynamic Bond Fund (PFIUX) has a higher volatility of 1.06% compared to PGIM High Yield Fund (PBHAX) at 0.67%. This indicates that PFIUX's price experiences larger fluctuations and is considered to be riskier than PBHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIUX | PBHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.67% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.80% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 3.59% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 5.06% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.88% | 5.45% | -2.57% |
PFIUX vs. PBHAX - Expense Ratio Comparison
PFIUX has a 0.81% expense ratio, which is higher than PBHAX's 0.75% expense ratio.
Dividends
PFIUX vs. PBHAX - Dividend Comparison
PFIUX's dividend yield for the trailing twelve months is around 5.22%, less than PBHAX's 6.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBHAX PGIM High Yield Fund | 6.24% | 6.71% | 6.01% | 5.73% | 5.94% | 5.88% | 5.70% | 5.96% | 6.26% | 5.98% | 4.61% | 6.64% |
PFIUX PIMCO Dynamic Bond Fund | 5.22% | 5.15% | 4.68% | 3.65% | 3.67% | 2.03% | 3.45% | 5.14% | 3.48% | 4.69% | 2.31% | 6.07% |
Frequently Asked Questions
PFIUX and PBHAX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIUX has higher volatility (1.06%) compared to PBHAX (0.67%). In terms of maximum drawdown, PFIUX dropped -10.67% vs PBHAX's -28.80%.
PFIUX currently has the higher Sharpe Ratio (1.76 vs 1.32), 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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