PFORX vs. SPY
Compare and contrast key facts about PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) and SPDR S&P 500 ETF (SPY).
PFORX is managed by PIMCO. It was launched on Dec 1, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFORX or SPY.
Performance
PFORX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, PFORX achieves a 4.30% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, PFORX has underperformed SPY with an annualized return of 2.61%, while SPY has yielded a comparatively higher 13.04% annualized return.
PFORX
4.30%
-0.02%
3.30%
8.52%
1.12%
2.61%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| PFORX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.76 | 2.64 |
| Sortino Ratio | 4.42 | 3.53 |
| Omega Ratio | 1.55 | 1.49 |
| Calmar Ratio | 1.01 | 3.81 |
| Martin Ratio | 15.95 | 17.21 |
| Ulcer Index | 0.56% | 1.86% |
| Daily Std Dev | 3.21% | 12.15% |
| Max Drawdown | -15.09% | -55.19% |
| Current Drawdown | -0.68% | -2.17% |
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PFORX vs. SPY - Expense Ratio Comparison
PFORX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between PFORX and SPY is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
PFORX vs. SPY - 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 S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PFORX's dividend yield for the trailing twelve months is around 4.02%, more than SPY's 1.20% 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PFORX vs. SPY - Drawdown Comparison
The maximum PFORX drawdown since its inception was -15.09%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PFORX and SPY. For additional features, visit the drawdowns tool.
Volatility
PFORX vs. SPY - Volatility Comparison
The current volatility for PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) is 0.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that PFORX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.