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.
Performance
PFORX vs. BIL - Performance Comparison
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PFORX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -2.23% | 4.33% | 5.70% | 9.52% | -10.33% | -1.67% | 6.17% | 7.64% | 2.64% | 3.52% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, PFORX achieves a -2.23% return, which is significantly lower than BIL's 0.85% return. Over the past 10 years, PFORX has outperformed BIL with an annualized return of 2.77%, while BIL has yielded a comparatively lower 2.12% annualized return.
PFORX
- 1D
- 0.31%
- 1M
- -3.69%
- YTD
- -2.23%
- 6M
- -1.20%
- 1Y
- 1.73%
- 3Y*
- 4.71%
- 5Y*
- 1.08%
- 10Y*
- 2.77%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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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.
Return for Risk
PFORX vs. BIL — Risk / Return Rank
PFORX
BIL
PFORX vs. BIL - Risk-Adjusted Trends 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.
| PFORX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 19.52 | -18.88 |
Sortino ratioReturn per unit of downside risk | 0.89 | 254.04 | -253.16 |
Omega ratioGain probability vs. loss probability | 1.12 | 180.28 | -179.16 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 365.54 | -364.93 |
Martin ratioReturn relative to average drawdown | 2.82 | 4,104.04 | -4,101.22 |
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
| PFORX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 19.52 | -18.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 12.54 | -12.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 8.22 | -7.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 2.72 | -1.47 |
Correlation
The correlation between PFORX and BIL is 0.00, 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
PFORX vs. BIL - Dividend Comparison
PFORX's dividend yield for the trailing twelve months is around 3.88%, less than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 3.88% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
PFORX vs. BIL - Drawdown Comparison
The maximum PFORX drawdown since its inception was -13.87%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for PFORX and BIL.
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Drawdown Indicators
| PFORX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -0.78% | -13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -0.01% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -0.12% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -13.87% | -0.21% | -13.66% |
Current DrawdownCurrent decline from peak | -3.69% | 0.00% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -0.26% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.00% | +0.87% |
Volatility
PFORX vs. BIL - Volatility Comparison
PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a higher volatility of 1.93% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. 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.
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Volatility by Period
| PFORX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 0.05% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 0.14% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 0.21% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 0.26% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 0.26% | +2.82% |