PIGIX vs. TLT
Compare and contrast key facts about PIMCO Investment Grade Credit Bond Fund (PIGIX) and iShares 20+ Year Treasury Bond ETF (TLT).
PIGIX is managed by PIMCO. It was launched on Apr 28, 2000. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
PIGIX vs. TLT - Performance Comparison
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PIGIX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | -1.62% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, PIGIX achieves a -1.62% return, which is significantly lower than TLT's 0.17% return. Over the past 10 years, PIGIX has outperformed TLT with an annualized return of 2.86%, while TLT has yielded a comparatively lower -1.38% annualized return.
PIGIX
- 1D
- 0.56%
- 1M
- -3.44%
- YTD
- -1.62%
- 6M
- -0.64%
- 1Y
- 3.68%
- 3Y*
- 4.67%
- 5Y*
- 0.51%
- 10Y*
- 2.86%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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PIGIX vs. TLT - Expense Ratio Comparison
PIGIX has a 0.51% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
PIGIX vs. TLT — Risk / Return Rank
PIGIX
TLT
PIGIX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| PIGIX | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | -0.04 | +0.89 |
Sortino ratioReturn per unit of downside risk | 1.18 | 0.02 | +1.16 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.05 | +1.12 |
Martin ratioReturn relative to average drawdown | 3.97 | 0.11 | +3.86 |
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
| PIGIX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.04 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.37 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | -0.09 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.26 | +0.79 |
Correlation
The correlation between PIGIX and TLT is 0.79, 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
PIGIX vs. TLT - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.47%, which matches TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.47% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
PIGIX vs. TLT - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -23.09%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PIGIX and TLT.
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Drawdown Indicators
| PIGIX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -48.35% | +25.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -9.23% | +5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -43.70% | +20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -48.35% | +25.26% |
Current DrawdownCurrent decline from peak | -3.44% | -40.17% | +36.73% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -13.62% | +10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 4.38% | -3.21% |
Volatility
PIGIX vs. TLT - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund (PIGIX) is 2.21%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that PIGIX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIGIX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 3.71% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 6.61% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 11.44% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 15.90% | -9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 14.93% | -9.15% |