PLRIX vs. BND

Last updated Aug 1, 2026

PLRIX (PIMCO Long Duration Total Return Fund) and BND (Vanguard Total Bond Market ETF) are both funds - PLRIX is a Long-Term Bond fund managed by PIMCO, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, PLRIX returned 0.89%/yr vs 1.36%/yr for BND. Their correlation of 0.88 means they have usually moved in the same direction. PLRIX charges 0.50%/yr vs 0.03%/yr for BND.

Performance

PLRIX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Long Duration Total Return Fund (PLRIX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLRIX achieves a -2.75% return, which is significantly lower than BND's -0.54% return. Over the past 10 years, PLRIX has underperformed BND with an annualized return of 0.89%, while BND has yielded a comparatively higher 1.36% annualized return.

PLRIX

• 1D: 0.00%
• 1M: -3.37%
• 6M: -2.95%
• YTD: -2.75%
• 1Y: 0.37%
• 3Y*: 2.25%
• 5Y*: -4.58%
• 10Y*: 0.89%
• ALL TIME*: 4.69%

BND

• 1D: -0.26%
• 1M: -1.20%
• 6M: -0.75%
• YTD: -0.54%
• 1Y: 1.75%
• 3Y*: 3.92%
• 5Y*: -0.42%
• 10Y*: 1.36%
• ALL TIME*: 2.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BND Vanguard Total Bond Market ETF	$451.00M	$507.49M	$592.68M
PLRIX PIMCO Long Duration Total Return Fund	$0.00	$0.00	$0.00

PLRIX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLRIX PIMCO Long Duration Total Return Fund	-2.75%	8.78%	-2.18%	7.24%	-28.32%	-1.53%	17.77%	18.62%	-3.83%	12.79%
BND Vanguard Total Bond Market ETF	-0.54%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between PLRIX and BND is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	0.88

The correlation between PLRIX and BND has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

PLRIX vs. BND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLRIX

PLRIX Risk / Return Rank: 8
PLRIX Sharpe Ratio Rank: 8
PLRIX Sortino Ratio Rank: 7
PLRIX Omega Ratio Rank: 7
PLRIX Calmar Ratio Rank: 8
PLRIX Martin Ratio Rank: 8

BND

BND Risk / Return Rank: 29
BND Sharpe Ratio Rank: 30
BND Sortino Ratio Rank: 28
BND Omega Ratio Rank: 26
BND Calmar Ratio Rank: 30
BND Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLRIX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Long Duration Total Return Fund (PLRIX) and Vanguard Total Bond Market ETF (BND). 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.

	PLRIX	BND	Difference
Sharpe ratio: Return per unit of total volatility	0.26	0.72	-0.45
Sortino ratio: Return per unit of downside risk	0.42	1.06	-0.63
Omega ratio: Gain probability vs. loss probability	1.05	1.12	-0.07
Calmar ratio: Return relative to maximum drawdown	0.31	0.99	-0.67
Martin ratio: Return relative to average drawdown	0.75	2.48	-1.73

PLRIX vs. BND - Sharpe Ratio Comparison

The current PLRIX Sharpe Ratio is 0.26, which is lower than the BND Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of PLRIX and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLRIX vs. BND - Drawdown Comparison

The maximum PLRIX drawdown since its inception was -37.41%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for PLRIX and BND.

Drawdown Indicators

	PLRIX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-37.41%	-18.58%	-18.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-2.68%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-11.52%	-4.81%	-6.71%
Max Drawdown (5Y) Largest decline over 5 years	-36.81%	-17.91%	-18.90%
Max Drawdown (10Y) Largest decline over 10 years	-37.41%	-18.58%	-18.83%
Current Drawdown Current decline from peak	-22.89%	-3.15%	-19.74%
Average Drawdown Average peak-to-trough decline	-8.53%	-3.06%	-5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	1.07%	+1.87%

Volatility

PLRIX vs. BND - Volatility Comparison

PIMCO Long Duration Total Return Fund (PLRIX) has a higher volatility of 2.35% compared to Vanguard Total Bond Market ETF (BND) at 0.98%. This indicates that PLRIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLRIX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	0.98%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	6.60%	2.90%	+3.70%
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	3.70%	+4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.42%	6.03%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.46%	5.53%	+5.93%

PLRIX vs. BND - Expense Ratio Comparison

PLRIX has a 0.50% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

PLRIX vs. BND - Dividend Comparison

PLRIX's dividend yield for the trailing twelve months is around 4.57%, more than BND's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.69%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
PLRIX PIMCO Long Duration Total Return Fund	4.57%	4.57%	3.75%	3.19%	3.32%	6.55%	13.35%	11.38%	5.19%	6.51%	9.97%	8.51%

Frequently Asked Questions

Can I hold both PLRIX and BND in my portfolio?

With a correlation of 0.94, PLRIX and BND 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.

Which is riskier, PLRIX or BND?

PLRIX has higher volatility (2.35%) compared to BND (0.98%). In terms of maximum drawdown, PLRIX dropped -37.41% vs BND's -18.58%.

Which has better risk-adjusted returns?

BND currently has the higher Sharpe Ratio (0.72 vs 0.26), 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.