PFORX vs. BIL
Compare and contrast key facts about PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
PFORX is managed by PIMCO. It was launched on Dec 1, 1992. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFORX or BIL.
Performance
PFORX vs. BIL - Performance Comparison
Returns By Period
In the year-to-date period, PFORX achieves a 4.30% return, which is significantly lower than BIL's 4.60% return. Over the past 10 years, PFORX has outperformed BIL with an annualized return of 2.61%, while BIL has yielded a comparatively lower 1.56% annualized return.
PFORX
4.30%
-0.02%
3.30%
8.52%
1.12%
2.61%
BIL
4.60%
0.35%
2.55%
5.23%
2.27%
1.56%
Key characteristics
| PFORX | BIL | |
|---|---|---|
| Sharpe Ratio | 2.76 | 20.35 |
| Sortino Ratio | 4.42 | 273.58 |
| Omega Ratio | 1.55 | 158.96 |
| Calmar Ratio | 1.01 | 483.90 |
| Martin Ratio | 15.95 | 4,456.43 |
| Ulcer Index | 0.56% | 0.00% |
| Daily Std Dev | 3.21% | 0.26% |
| Max Drawdown | -15.09% | -0.77% |
| Current Drawdown | -0.68% | 0.00% |
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PFORX vs. BIL - Expense Ratio Comparison
PFORX has a 0.50% expense ratio, which is higher than BIL's 0.14% expense ratio.
Correlation
The correlation between PFORX and BIL is 0.01, 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.
Risk-Adjusted Performance
PFORX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
PFORX vs. BIL - Dividend Comparison
PFORX's dividend yield for the trailing twelve months is around 4.02%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 4.02% | 3.03% | 2.39% | 1.55% | 2.46% | 6.33% | 2.65% | 1.46% | 1.40% | 7.39% | 8.04% | 2.30% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFORX vs. BIL - Drawdown Comparison
The maximum PFORX drawdown since its inception was -15.09%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for PFORX and BIL. For additional features, visit the drawdowns tool.
Volatility
PFORX vs. BIL - Volatility Comparison
PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a higher volatility of 0.89% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that PFORX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.