PGBIX vs. PYLD
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I (PGBIX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).
PGBIX is an actively managed fund by PIMCO. It was launched on Feb 25, 1998. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Performance
PGBIX vs. PYLD - Performance Comparison
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PGBIX vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PGBIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I | -2.48% | 8.61% | 4.38% | 5.16% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | -0.61% | 9.57% | 7.69% | 5.60% |
Returns By Period
In the year-to-date period, PGBIX achieves a -2.48% return, which is significantly lower than PYLD's -0.61% return.
PGBIX
- 1D
- 0.42%
- 1M
- -2.85%
- YTD
- -2.48%
- 6M
- -1.13%
- 1Y
- 3.14%
- 3Y*
- 5.07%
- 5Y*
- 2.16%
- 10Y*
- 3.17%
PYLD
- 1D
- 0.31%
- 1M
- -1.68%
- YTD
- -0.61%
- 6M
- 0.98%
- 1Y
- 6.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PGBIX vs. PYLD - Expense Ratio Comparison
Both PGBIX and PYLD have an expense ratio of 0.55%.
Return for Risk
PGBIX vs. PYLD — Risk / Return Rank
PGBIX
PYLD
PGBIX vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I (PGBIX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.
| PGBIX | PYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.77 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.14 | 2.47 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.91 | -0.98 |
Martin ratioReturn relative to average drawdown | 3.97 | 7.76 | -3.80 |
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
| PGBIX | PYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.77 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 2.01 | -1.02 |
Correlation
The correlation between PGBIX and PYLD is 0.72, 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
PGBIX vs. PYLD - Dividend Comparison
PGBIX's dividend yield for the trailing twelve months is around 4.66%, less than PYLD's 6.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGBIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I | 4.66% | 4.79% | 4.07% | 2.33% | 7.55% | 2.95% | 2.24% | 4.10% | 2.14% | 3.09% | 2.58% | 5.81% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 6.37% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGBIX vs. PYLD - Drawdown Comparison
The maximum PGBIX drawdown since its inception was -14.22%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for PGBIX and PYLD.
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Drawdown Indicators
| PGBIX | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.22% | -4.52% | -9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -3.25% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -9.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.98% | — | — |
Current DrawdownCurrent decline from peak | -3.44% | -1.98% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -0.64% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.80% | +0.19% |
Volatility
PGBIX vs. PYLD - Volatility Comparison
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I (PGBIX) has a higher volatility of 2.26% compared to PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.66%. This indicates that PGBIX's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGBIX | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.66% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.13% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.44% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 4.00% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 4.00% | -1.05% |