PIGIX vs. VFIDX
PIGIX (PIMCO Investment Grade Credit Bond Fund) and VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) are both mutual funds - PIGIX is a Corporate Bonds fund managed by PIMCO, while VFIDX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, PIGIX returned 2.79%/yr vs 2.69%/yr for VFIDX. Their correlation of 0.90 suggests significant overlap in exposure. PIGIX charges 0.51%/yr vs 0.10%/yr for VFIDX.
Performance
PIGIX vs. VFIDX - Performance Comparison
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Returns By Period
In the year-to-date period, PIGIX achieves a 0.17% return, which is significantly higher than VFIDX's -0.15% return. Both investments have delivered pretty close results over the past 10 years, with PIGIX having a 2.79% annualized return and VFIDX not far behind at 2.69%.
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%
VFIDX
- 1D
- -0.34%
- 1M
- 0.43%
- YTD
- -0.15%
- 6M
- 0.38%
- 1Y
- 5.18%
- 3Y*
- 6.09%
- 5Y*
- 1.20%
- 10Y*
- 2.69%
PIGIX vs. VFIDX - 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% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | -0.15% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | -0.44% | 4.28% |
Correlation
The correlation between PIGIX and VFIDX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| 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 | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.90 |
The correlation between PIGIX and VFIDX 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. VFIDX — Risk / Return Rank
PIGIX
VFIDX
PIGIX vs. VFIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) and Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX). 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 | VFIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.63 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.40 | 5.33 | -0.93 |
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Drawdowns
PIGIX vs. VFIDX - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -23.09%, which is greater than VFIDX's maximum drawdown of -20.14%. Use the drawdown chart below to compare losses from any high point for PIGIX and VFIDX.
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Drawdown Indicators
| PIGIX | VFIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -20.14% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.34% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -6.08% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -20.14% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -20.14% | -2.95% |
Current DrawdownCurrent decline from peak | -1.68% | -1.63% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -2.60% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.02% | +0.24% |
Volatility
PIGIX vs. VFIDX - Volatility Comparison
PIMCO Investment Grade Credit Bond Fund (PIGIX) has a higher volatility of 1.44% compared to Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) at 1.34%. This indicates that PIGIX's price experiences larger fluctuations and is considered to be riskier than VFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIGIX | VFIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.34% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.25% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.27% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 6.40% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 5.20% | +0.62% |
PIGIX vs. VFIDX - Expense Ratio Comparison
PIGIX has a 0.51% expense ratio, which is higher than VFIDX's 0.10% expense ratio.
Dividends
PIGIX vs. VFIDX - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.88%, less than VFIDX's 5.12% 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% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 5.12% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
Frequently Asked Questions
With a correlation of 0.95, PIGIX and VFIDX 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 VFIDX (1.34%). In terms of maximum drawdown, PIGIX dropped -23.09% vs VFIDX's -20.14%.
VFIDX currently has the higher Sharpe Ratio (1.28 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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