PIGIX vs. PTTRX
PIGIX (PIMCO Investment Grade Credit Bond Fund) and PTTRX (PIMCO Total Return Fund Institutional Class) are both mutual funds - PIGIX is a Corporate Bonds fund managed by PIMCO, while PTTRX is a Intermediate Core-Plus Bond fund actively managed by PIMCO. Over the past 10 years, PIGIX returned 2.79%/yr vs 2.27%/yr for PTTRX. Their correlation of 0.90 suggests significant overlap in exposure. PIGIX charges 0.51%/yr vs 0.53%/yr for PTTRX.
Performance
PIGIX vs. PTTRX - Performance Comparison
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Returns By Period
In the year-to-date period, PIGIX achieves a 0.17% return, which is significantly lower than PTTRX's 0.30% return. Over the past 10 years, PIGIX has outperformed PTTRX with an annualized return of 2.79%, while PTTRX has yielded a comparatively lower 2.27% annualized return.
PIGIX
- 1D
- -0.44%
- 1M
- 0.76%
- YTD
- 0.17%
- 6M
- 0.71%
- 1Y
- 5.30%
- 3Y*
- 5.48%
- 5Y*
- 0.33%
- 10Y*
- 2.79%
PTTRX
- 1D
- -0.34%
- 1M
- 0.88%
- YTD
- 0.30%
- 6M
- 0.80%
- 1Y
- 6.09%
- 3Y*
- 5.37%
- 5Y*
- 0.57%
- 10Y*
- 2.27%
PIGIX vs. PTTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 0.17% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
PTTRX PIMCO Total Return Fund Institutional Class | 0.30% | 9.35% | 2.62% | 6.33% | -14.72% | -0.59% | 8.88% | 8.36% | -0.24% | 5.13% |
Correlation
The correlation between PIGIX and PTTRX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 1, 2000 | 0.90 |
The correlation between PIGIX and PTTRX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
PIGIX vs. PTTRX — Risk / Return Rank
PIGIX
PTTRX
PIGIX vs. PTTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) and PIMCO Total Return Fund Institutional Class (PTTRX). 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.
| PIGIX | PTTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.73 | -0.33 |
| Martin ratioReturn relative to average drawdown | 4.40 | 5.09 | -0.68 |
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Drawdowns
PIGIX vs. PTTRX - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -23.09%, which is greater than PTTRX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PIGIX and PTTRX.
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Drawdown Indicators
| PIGIX | PTTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -19.28% | -3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.69% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -6.18% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -19.28% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -19.28% | -3.81% |
Current DrawdownCurrent decline from peak | -1.68% | -1.82% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -2.19% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.25% | +0.01% |
Volatility
PIGIX vs. PTTRX - Volatility Comparison
PIMCO Investment Grade Credit Bond Fund (PIGIX) and PIMCO Total Return Fund Institutional Class (PTTRX) have volatilities of 1.44% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIGIX | PTTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.39% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.63% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.63% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 6.28% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 5.24% | +0.58% |
PIGIX vs. PTTRX - Expense Ratio Comparison
PIGIX has a 0.51% expense ratio, which is lower than PTTRX's 0.53% expense ratio.
Dividends
PIGIX vs. PTTRX - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.88%, more than PTTRX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.88% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
PTTRX PIMCO Total Return Fund Institutional Class | 4.56% | 4.47% | 4.61% | 3.81% | 3.63% | 2.59% | 6.11% | 3.96% | 3.13% | 2.63% | 3.02% | 6.64% |
Frequently Asked Questions
With a correlation of 0.95, PIGIX and PTTRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PIGIX has higher volatility (1.44%) compared to PTTRX (1.39%). In terms of maximum drawdown, PIGIX dropped -23.09% vs PTTRX's -19.28%.
PTTRX currently has the higher Sharpe Ratio (1.38 vs 1.18), 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.
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