PFUIX vs. IVV
PFUIX (PIMCO International Bond Fund (Unhedged)) and IVV (iShares Core S&P 500 ETF) are both funds - PFUIX is a Global Bonds fund managed by PIMCO, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PFUIX returned 0.47%/yr vs 15.58%/yr for IVV. At a 0.09 correlation, their price movements are largely independent. PFUIX charges 0.50%/yr vs 0.03%/yr for IVV.
Performance
PFUIX vs. IVV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFUIX achieves a -2.00% return, which is significantly lower than IVV's 8.20% return. Over the past 10 years, PFUIX has underperformed IVV with an annualized return of 0.47%, while IVV has yielded a comparatively higher 15.58% annualized return.
PFUIX
- 1D
- -0.26%
- 1M
- -0.06%
- YTD
- -2.00%
- 6M
- -1.67%
- 1Y
- -0.31%
- 3Y*
- 4.20%
- 5Y*
- -2.11%
- 10Y*
- 0.47%
IVV
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.20%
- 6M
- 7.25%
- 1Y
- 23.72%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.58%
PFUIX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFUIX PIMCO International Bond Fund (Unhedged) | -2.00% | 10.90% | -1.64% | 6.42% | -19.10% | -6.08% | 12.32% | 7.09% | -3.64% | 10.82% |
IVV iShares Core S&P 500 ETF | 8.20% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between PFUIX and IVV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 3, 2004 | 0.09 |
Over the past year, PFUIX and IVV have become more correlated (0.42) than their long-term average of 0.09, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFUIX vs. IVV — Risk / Return Rank
PFUIX
IVV
PFUIX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO International Bond Fund (Unhedged) (PFUIX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 2.68 | -2.67 |
| Martin ratioReturn relative to average drawdown | 0.03 | 11.98 | -11.95 |
Loading charts...
Drawdowns
PFUIX vs. IVV - Drawdown Comparison
The maximum PFUIX drawdown since its inception was -31.90%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PFUIX and IVV.
Loading charts...
Drawdown Indicators
| PFUIX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.90% | -55.25% | +23.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -8.89% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -18.75% | +11.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.65% | -24.53% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -31.90% | -33.90% | +2.00% |
Current DrawdownCurrent decline from peak | -14.20% | -3.14% | -11.06% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -10.76% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.99% | +0.46% |
Volatility
PFUIX vs. IVV - Volatility Comparison
The current volatility for PIMCO International Bond Fund (Unhedged) (PFUIX) is 1.94%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.88%. This indicates that PFUIX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFUIX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 4.88% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 9.85% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.36% | 12.48% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 16.98% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 18.07% | -10.70% |
PFUIX vs. IVV - Expense Ratio Comparison
PFUIX has a 0.50% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
PFUIX vs. IVV - Dividend Comparison
PFUIX's dividend yield for the trailing twelve months is around 4.08%, more than IVV's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.11% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
PFUIX PIMCO International Bond Fund (Unhedged) | 4.08% | 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 IVV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.88%) compared to PFUIX (1.94%). In terms of maximum drawdown, PFUIX dropped -31.90% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.91 vs 0.01), 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.
Find the right allocation for PFUIX and IVV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer