PFUIX vs. IBND
Compare and contrast key facts about PIMCO International Bond Fund (Unhedged) (PFUIX) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND).
PFUIX is managed by PIMCO. It was launched on Apr 29, 2004. IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010.
Performance
PFUIX vs. IBND - Performance Comparison
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PFUIX vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFUIX PIMCO International Bond Fund (Unhedged) | -4.15% | 10.90% | -1.64% | 6.42% | -19.10% | -6.08% | 12.32% | 7.09% | -3.64% | 10.82% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.80% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 14.84% |
Returns By Period
In the year-to-date period, PFUIX achieves a -4.15% return, which is significantly lower than IBND's -2.80% return. Both investments have delivered pretty close results over the past 10 years, with PFUIX having a 0.49% annualized return and IBND not far ahead at 0.50%.
PFUIX
- 1D
- 0.13%
- 1M
- -6.27%
- YTD
- -4.15%
- 6M
- -3.74%
- 1Y
- 2.88%
- 3Y*
- 2.76%
- 5Y*
- -2.36%
- 10Y*
- 0.49%
IBND
- 1D
- 1.34%
- 1M
- -4.53%
- YTD
- -2.80%
- 6M
- -2.44%
- 1Y
- 8.16%
- 3Y*
- 5.46%
- 5Y*
- -1.27%
- 10Y*
- 0.50%
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PFUIX vs. IBND - Expense Ratio Comparison
Both PFUIX and IBND have an expense ratio of 0.50%.
Return for Risk
PFUIX vs. IBND — Risk / Return Rank
PFUIX
IBND
PFUIX vs. IBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO International Bond Fund (Unhedged) (PFUIX) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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.
| PFUIX | IBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.92 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.66 | 1.41 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.17 | -0.58 |
Martin ratioReturn relative to average drawdown | 2.14 | 3.91 | -1.77 |
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
| PFUIX | IBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.92 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.13 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.06 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.14 | +0.22 |
Correlation
The correlation between PFUIX and IBND is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PFUIX vs. IBND - Dividend Comparison
PFUIX's dividend yield for the trailing twelve months is around 3.83%, more than IBND's 2.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFUIX PIMCO International Bond Fund (Unhedged) | 3.83% | 3.98% | 4.10% | 2.98% | 2.83% | 5.07% | 1.57% | 2.28% | 4.39% | 1.41% | 1.98% | 1.94% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.65% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
Drawdowns
PFUIX vs. IBND - Drawdown Comparison
The maximum PFUIX drawdown since its inception was -31.90%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for PFUIX and IBND.
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Drawdown Indicators
| PFUIX | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.90% | -35.62% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -6.75% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -30.30% | -34.32% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -31.90% | -35.62% | +3.72% |
Current DrawdownCurrent decline from peak | -16.09% | -11.03% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -10.65% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.03% | -0.26% |
Volatility
PFUIX vs. IBND - Volatility Comparison
The current volatility for PIMCO International Bond Fund (Unhedged) (PFUIX) is 3.19%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 4.05%. This indicates that PFUIX experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFUIX | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 4.05% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 5.56% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 8.92% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 9.70% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 8.94% | -1.59% |