PGOVX vs. VSBIX
Compare and contrast key facts about PIMCO Long-Term U.S. Government Fund (PGOVX) and Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX).
PGOVX is managed by PIMCO. It was launched on Jan 2, 1994. VSBIX is managed by Vanguard. It was launched on Aug 23, 2010.
Performance
PGOVX vs. VSBIX - Performance Comparison
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PGOVX vs. VSBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGOVX PIMCO Long-Term U.S. Government Fund | -0.61% | 6.44% | -7.62% | 1.46% | -29.39% | -4.59% | 17.83% | 13.44% | -2.10% | 9.08% |
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 0.28% | 5.11% | 4.37% | 4.28% | -3.87% | -0.67% | 3.11% | 3.53% | 1.52% | 0.40% |
Returns By Period
In the year-to-date period, PGOVX achieves a -0.61% return, which is significantly lower than VSBIX's 0.28% return. Over the past 10 years, PGOVX has underperformed VSBIX with an annualized return of -1.12%, while VSBIX has yielded a comparatively higher 1.76% annualized return.
PGOVX
- 1D
- 0.07%
- 1M
- -3.62%
- YTD
- -0.61%
- 6M
- -0.89%
- 1Y
- -0.13%
- 3Y*
- -2.34%
- 5Y*
- -5.46%
- 10Y*
- -1.12%
VSBIX
- 1D
- 0.04%
- 1M
- -0.33%
- YTD
- 0.28%
- 6M
- 1.24%
- 1Y
- 3.69%
- 3Y*
- 4.12%
- 5Y*
- 1.86%
- 10Y*
- 1.76%
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PGOVX vs. VSBIX - Expense Ratio Comparison
PGOVX has a 1.05% expense ratio, which is higher than VSBIX's 0.05% expense ratio.
Return for Risk
PGOVX vs. VSBIX — Risk / Return Rank
PGOVX
VSBIX
PGOVX vs. VSBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Long-Term U.S. Government Fund (PGOVX) and Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX). 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.
| PGOVX | VSBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 2.65 | -2.59 |
Sortino ratioReturn per unit of downside risk | 0.14 | 4.33 | -4.19 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.58 | -0.56 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 4.70 | -4.35 |
Martin ratioReturn relative to average drawdown | 0.81 | 18.02 | -17.22 |
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
| PGOVX | VSBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 2.65 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.96 | -1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 1.16 | -1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.09 | -0.59 |
Correlation
The correlation between PGOVX and VSBIX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PGOVX vs. VSBIX - Dividend Comparison
PGOVX's dividend yield for the trailing twelve months is around 3.61%, which matches VSBIX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGOVX PIMCO Long-Term U.S. Government Fund | 3.61% | 3.86% | 1.19% | 1.05% | 2.09% | 6.93% | 27.91% | 2.60% | 3.25% | 2.88% | 3.31% | 81.57% |
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 3.59% | 3.99% | 4.52% | 3.31% | 1.14% | 0.65% | 1.74% | 2.28% | 1.81% | 1.11% | 0.80% | 0.74% |
Drawdowns
PGOVX vs. VSBIX - Drawdown Comparison
The maximum PGOVX drawdown since its inception was -46.64%, which is greater than VSBIX's maximum drawdown of -5.74%. Use the drawdown chart below to compare losses from any high point for PGOVX and VSBIX.
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Drawdown Indicators
| PGOVX | VSBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.64% | -5.74% | -40.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -0.81% | -7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -41.48% | -5.74% | -35.74% |
Max Drawdown (10Y)Largest decline over 10 years | -46.64% | -5.74% | -40.90% |
Current DrawdownCurrent decline from peak | -38.14% | -0.44% | -37.70% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -0.59% | -8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 0.21% | +3.60% |
Volatility
PGOVX vs. VSBIX - Volatility Comparison
PIMCO Long-Term U.S. Government Fund (PGOVX) has a higher volatility of 3.78% compared to Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) at 0.51%. This indicates that PGOVX's price experiences larger fluctuations and is considered to be riskier than VSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGOVX | VSBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 0.51% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.24% | 0.82% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.85% | 1.42% | +9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 1.94% | +12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 1.53% | +12.24% |