PIGIX vs. GOVT
Compare and contrast key facts about PIMCO Investment Grade Credit Bond Fund (PIGIX) and iShares U.S. Treasury Bond ETF (GOVT).
PIGIX is managed by PIMCO. It was launched on Apr 28, 2000. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIGIX or GOVT.
Correlation
The correlation between PIGIX and GOVT is 0.81, 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.
Performance
PIGIX vs. GOVT - Performance Comparison
Key characteristics
PIGIX:
1.14
GOVT:
0.65
PIGIX:
1.70
GOVT:
0.96
PIGIX:
1.20
GOVT:
1.13
PIGIX:
0.44
GOVT:
0.24
PIGIX:
3.33
GOVT:
1.71
PIGIX:
1.82%
GOVT:
2.25%
PIGIX:
5.30%
GOVT:
5.94%
PIGIX:
-22.95%
GOVT:
-19.07%
PIGIX:
-7.41%
GOVT:
-11.26%
Returns By Period
In the year-to-date period, PIGIX achieves a 1.18% return, which is significantly higher than GOVT's -0.92% return. Over the past 10 years, PIGIX has outperformed GOVT with an annualized return of 2.18%, while GOVT has yielded a comparatively lower 0.77% annualized return.
PIGIX
1.18%
1.30%
-0.15%
6.17%
-0.65%
2.18%
GOVT
-0.92%
1.28%
-1.19%
4.09%
-1.05%
0.77%
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PIGIX vs. GOVT - Expense Ratio Comparison
PIGIX has a 0.51% expense ratio, which is higher than GOVT's 0.15% expense ratio.
Risk-Adjusted Performance
PIGIX vs. GOVT — Risk-Adjusted Performance Rank
PIGIX
GOVT
PIGIX vs. GOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) and iShares U.S. Treasury Bond ETF (GOVT). 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.
Dividends
PIGIX vs. GOVT - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.40%, more than GOVT's 3.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.40% | 4.36% | 3.82% | 4.06% | 3.67% | 3.42% | 3.94% | 4.06% | 3.71% | 3.92% | 5.02% | 3.91% |
GOVT iShares U.S. Treasury Bond ETF | 3.24% | 3.14% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% |
Drawdowns
PIGIX vs. GOVT - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -22.95%, which is greater than GOVT's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for PIGIX and GOVT. For additional features, visit the drawdowns tool.
Volatility
PIGIX vs. GOVT - Volatility Comparison
PIMCO Investment Grade Credit Bond Fund (PIGIX) has a higher volatility of 1.46% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.37%. This indicates that PIGIX's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.