PFUIX vs. BNDX
PFUIX (PIMCO International Bond Fund (Unhedged)) and BNDX (Vanguard Total International Bond ETF) are both Global Bonds funds. Over the past 10 years, PFUIX returned 0.35%/yr vs 1.52%/yr for BNDX. At a 0.39 correlation, their price movements are largely independent. PFUIX charges 0.50%/yr vs 0.07%/yr for BNDX.
Performance
PFUIX vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, PFUIX achieves a -2.20% return, which is significantly lower than BNDX's 0.48% return. Over the past 10 years, PFUIX has underperformed BNDX with an annualized return of 0.35%, while BNDX has yielded a comparatively higher 1.52% annualized return.
PFUIX
- 1D
- 0.13%
- 1M
- -0.99%
- 6M
- -1.95%
- YTD
- -2.20%
- 1Y
- -0.75%
- 3Y*
- 4.04%
- 5Y*
- -2.21%
- 10Y*
- 0.35%
BNDX
- 1D
- -0.40%
- 1M
- -0.54%
- 6M
- -0.06%
- YTD
- 0.48%
- 1Y
- 1.94%
- 3Y*
- 4.05%
- 5Y*
- 0.14%
- 10Y*
- 1.52%
PFUIX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFUIX PIMCO International Bond Fund (Unhedged) | -2.20% | 10.90% | -1.64% | 6.42% | -19.10% | -6.08% | 12.32% | 7.09% | -3.64% | 10.82% |
BNDX Vanguard Total International Bond ETF | 0.48% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between PFUIX and BNDX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.39 |
Over the past year, PFUIX and BNDX have become more correlated (0.63) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
PFUIX vs. BNDX — Risk / Return Rank
PFUIX
BNDX
PFUIX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO International Bond Fund (Unhedged) (PFUIX) and Vanguard Total International Bond ETF (BNDX). 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.
| PFUIX | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.10 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.66 | -0.84 |
| Martin ratioReturn relative to average drawdown | -0.45 | 1.80 | -2.24 |
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Drawdowns
PFUIX vs. BNDX - Drawdown Comparison
The maximum PFUIX drawdown since its inception was -31.90%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for PFUIX and BNDX.
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Drawdown Indicators
| PFUIX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.90% | -16.23% | -15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -2.93% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -2.93% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.65% | -15.86% | -13.79% |
Max Drawdown (10Y)Largest decline over 10 years | -31.90% | -16.23% | -15.67% |
Current DrawdownCurrent decline from peak | -14.38% | -1.55% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -3.09% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.08% | +1.45% |
Volatility
PFUIX vs. BNDX - Volatility Comparison
PIMCO International Bond Fund (Unhedged) (PFUIX) has a higher volatility of 1.55% compared to Vanguard Total International Bond ETF (BNDX) at 1.14%. This indicates that PFUIX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFUIX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.14% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 3.07% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.24% | 3.53% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 4.90% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 4.09% | +3.26% |
PFUIX vs. BNDX - Expense Ratio Comparison
PFUIX has a 0.50% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
PFUIX vs. BNDX - Dividend Comparison
PFUIX's dividend yield for the trailing twelve months is around 4.05%, less than BNDX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.52% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
PFUIX PIMCO International Bond Fund (Unhedged) | 4.05% | 3.98% | 4.10% | 2.98% | 2.83% | 5.07% | 1.57% | 2.28% | 4.39% | 1.41% | 1.98% | 1.94% |
Frequently Asked Questions
PFUIX and BNDX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFUIX has higher volatility (1.55%) compared to BNDX (1.14%). In terms of maximum drawdown, PFUIX dropped -31.90% vs BNDX's -16.23%.
BNDX currently has the higher Sharpe Ratio (0.55 vs -0.16), 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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