PLDTX vs. HOBEX

Last updated Jun 4, 2026

PLDTX (PIMCO Low Duration II Fund) and HOBEX (Holbrook Income Fund) are both Short-Term Bond funds. Over the past 5 years, PLDTX returned 1.61%/yr vs 3.84%/yr for HOBEX. At a 0.32 correlation, their price movements are largely independent. PLDTX charges 0.50%/yr vs 1.60%/yr for HOBEX.

Performance

PLDTX vs. HOBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Low Duration II Fund (PLDTX) and Holbrook Income Fund (HOBEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLDTX achieves a 0.33% return, which is significantly lower than HOBEX's 2.12% return.

PLDTX

• 1D: 0.00%
• 1M: 0.21%
• YTD: 0.33%
• 6M: 0.78%
• 1Y: 3.74%
• 3Y*: 4.39%
• 5Y*: 1.61%
• 10Y*: 1.83%

HOBEX

• 1D: 0.00%
• 1M: 0.44%
• YTD: 2.12%
• 6M: 2.62%
• 1Y: 5.97%
• 3Y*: 6.65%
• 5Y*: 3.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLDTX vs. HOBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLDTX PIMCO Low Duration II Fund	0.33%	5.47%	4.55%	4.21%	-5.14%	-1.03%	3.44%	3.83%	0.63%	1.77%
HOBEX Holbrook Income Fund	2.12%	7.23%	7.16%	4.74%	-3.42%	6.25%	6.83%	7.30%	1.26%	2.42%

Correlation

The correlation between PLDTX and HOBEX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.32

The correlation between PLDTX and HOBEX shifts across timeframes, from 0.32 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PLDTX vs. HOBEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLDTX

PLDTX Risk / Return Rank: 51
PLDTX Sharpe Ratio Rank: 40
PLDTX Sortino Ratio Rank: 63
PLDTX Omega Ratio Rank: 61
PLDTX Calmar Ratio Rank: 44
PLDTX Martin Ratio Rank: 48

HOBEX

HOBEX Risk / Return Rank: 96
HOBEX Sharpe Ratio Rank: 89
HOBEX Sortino Ratio Rank: 99
HOBEX Omega Ratio Rank: 99
HOBEX Calmar Ratio Rank: 98
HOBEX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLDTX vs. HOBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration II Fund (PLDTX) and Holbrook Income Fund (HOBEX). 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.

	PLDTX	HOBEX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.91	-1.06
Sortino ratio: Return per unit of downside risk	3.34	7.70	-4.35
Omega ratio: Gain probability vs. loss probability	1.44	2.60	-1.16
Calmar ratio: Return relative to maximum drawdown	2.53	9.89	-7.36
Martin ratio: Return relative to average drawdown	9.95	35.41	-25.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLDTX vs. HOBEX - Sharpe Ratio Comparison

The current PLDTX Sharpe Ratio is 1.85, which is lower than the HOBEX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of PLDTX and HOBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLDTX	HOBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.91	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	1.48	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	0.77	+0.73

Drawdowns

PLDTX vs. HOBEX - Drawdown Comparison

The maximum PLDTX drawdown since its inception was -7.60%, smaller than the maximum HOBEX drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for PLDTX and HOBEX.

Drawdown Indicators

	PLDTX	HOBEX	Difference
Max Drawdown Largest peak-to-trough decline	-7.60%	-23.58%	+15.98%
Max Drawdown (1Y) Largest decline over 1 year	-1.49%	-0.61%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-1.49%	-2.74%	+1.25%
Max Drawdown (5Y) Largest decline over 5 years	-7.58%	-4.57%	-3.01%
Max Drawdown (10Y) Largest decline over 10 years	-7.60%	—	—
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-0.72%	-1.06%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.17%	+0.21%

Volatility

PLDTX vs. HOBEX - Volatility Comparison

PIMCO Low Duration II Fund (PLDTX) has a higher volatility of 0.65% compared to Holbrook Income Fund (HOBEX) at 0.52%. This indicates that PLDTX's price experiences larger fluctuations and is considered to be riskier than HOBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLDTX	HOBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	0.52%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	1.48%	1.63%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	2.06%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.40%	2.61%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.96%	5.72%	-3.76%

PLDTX vs. HOBEX - Expense Ratio Comparison

PLDTX has a 0.50% expense ratio, which is lower than HOBEX's 1.60% expense ratio.

Dividends

PLDTX vs. HOBEX - Dividend Comparison

PLDTX's dividend yield for the trailing twelve months is around 3.80%, less than HOBEX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOBEX Holbrook Income Fund	5.79%	5.94%	6.58%	5.05%	4.83%	4.00%	5.44%	3.05%	3.84%	1.69%	0.00%	0.00%
PLDTX PIMCO Low Duration II Fund	3.80%	3.79%	3.99%	3.55%	1.28%	0.29%	1.23%	2.72%	2.18%	1.45%	1.76%	1.60%

Frequently Asked Questions

Can I hold both PLDTX and HOBEX in my portfolio?

PLDTX and HOBEX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLDTX or HOBEX?

PLDTX has higher volatility (0.65%) compared to HOBEX (0.52%). In terms of maximum drawdown, PLDTX dropped -7.60% vs HOBEX's -23.58%.

Which has better risk-adjusted returns?

HOBEX currently has the higher Sharpe Ratio (2.91 vs 1.85), 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.