PIOBX vs. TGLMX
Compare and contrast key facts about Pioneer Bond Fund (PIOBX) and TCW Total Return Bond Fund (TGLMX).
PIOBX is managed by Amundi. It was launched on Oct 31, 1978. TGLMX is managed by TCW. It was launched on Jun 17, 1993.
Performance
PIOBX vs. TGLMX - Performance Comparison
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PIOBX vs. TGLMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | -0.56% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 8.95% | -0.87% | 4.24% |
TGLMX TCW Total Return Bond Fund | 0.57% | 8.99% | 1.82% | 5.05% | -16.59% | -1.05% | 8.32% | 7.28% | 0.80% | 3.44% |
Returns By Period
In the year-to-date period, PIOBX achieves a -0.56% return, which is significantly lower than TGLMX's 0.57% return. Over the past 10 years, PIOBX has outperformed TGLMX with an annualized return of 2.06%, while TGLMX has yielded a comparatively lower 1.54% annualized return.
PIOBX
- 1D
- 0.48%
- 1M
- -2.43%
- YTD
- -0.56%
- 6M
- 0.43%
- 1Y
- 4.23%
- 3Y*
- 3.53%
- 5Y*
- 0.04%
- 10Y*
- 2.06%
TGLMX
- 1D
- 0.52%
- 1M
- -1.89%
- YTD
- 0.57%
- 6M
- 1.95%
- 1Y
- 5.74%
- 3Y*
- 4.22%
- 5Y*
- -0.02%
- 10Y*
- 1.54%
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PIOBX vs. TGLMX - Expense Ratio Comparison
PIOBX has a 0.79% expense ratio, which is higher than TGLMX's 0.49% expense ratio.
Return for Risk
PIOBX vs. TGLMX — Risk / Return Rank
PIOBX
TGLMX
PIOBX vs. TGLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and TCW Total Return Bond Fund (TGLMX). 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.
| PIOBX | TGLMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.18 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.71 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.04 | -0.23 |
Martin ratioReturn relative to average drawdown | 5.66 | 6.03 | -0.37 |
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
| PIOBX | TGLMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.18 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.00 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.28 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.40 | +0.32 |
Correlation
The correlation between PIOBX and TGLMX is 0.74, 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
PIOBX vs. TGLMX - Dividend Comparison
PIOBX's dividend yield for the trailing twelve months is around 3.45%, less than TGLMX's 6.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | 3.45% | 3.78% | 3.31% | 2.46% | 1.62% | 5.71% | 4.62% | 3.02% | 3.13% | 3.01% | 2.97% | 3.05% |
TGLMX TCW Total Return Bond Fund | 6.39% | 7.19% | 6.52% | 6.13% | 3.27% | 2.08% | 3.37% | 4.07% | 3.55% | 2.89% | 4.13% | 2.88% |
Drawdowns
PIOBX vs. TGLMX - Drawdown Comparison
The maximum PIOBX drawdown since its inception was -21.80%, roughly equal to the maximum TGLMX drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for PIOBX and TGLMX.
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Drawdown Indicators
| PIOBX | TGLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.80% | -22.26% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -3.28% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -22.17% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | -22.26% | +2.62% |
Current DrawdownCurrent decline from peak | -3.18% | -3.38% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.80% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.11% | -0.16% |
Volatility
PIOBX vs. TGLMX - Volatility Comparison
The current volatility for Pioneer Bond Fund (PIOBX) is 1.53%, while TCW Total Return Bond Fund (TGLMX) has a volatility of 1.85%. This indicates that PIOBX experiences smaller price fluctuations and is considered to be less risky than TGLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIOBX | TGLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.85% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.88% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 5.02% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 7.03% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.57% | -0.66% |