PMDRX vs. GUGAX
PMDRX (PIMCO Moderate Duration Fund) and GUGAX (GMO Multi-Sector Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PMDRX returned 2.24%/yr vs 1.36%/yr for GUGAX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PMDRX charges 0.46%/yr vs 0.45%/yr for GUGAX.
Performance
PMDRX vs. GUGAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMDRX achieves a -0.59% return, which is significantly lower than GUGAX's 0.96% return. Over the past 10 years, PMDRX has outperformed GUGAX with an annualized return of 2.24%, while GUGAX has yielded a comparatively lower 1.36% annualized return.
PMDRX
- 1D
- 0.00%
- 1M
- -0.86%
- 6M
- -0.90%
- YTD
- -0.59%
- 1Y
- 2.38%
- 3Y*
- 4.94%
- 5Y*
- 1.10%
- 10Y*
- 2.24%
- ALL TIME*
- 4.49%
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.38%
- YTD
- 0.96%
- 1Y
- 3.41%
- 3Y*
- 4.15%
- 5Y*
- -0.70%
- 10Y*
- 1.36%
- ALL TIME*
- 0.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMDRX vs. GUGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMDRX PIMCO Moderate Duration Fund | -0.59% | 8.70% | 3.45% | 5.50% | -9.21% | -1.26% | 7.98% | 6.38% | 0.57% | 3.28% |
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
Correlation
The correlation between PMDRX and GUGAX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.70 |
Over the past year, the correlation between PMDRX and GUGAX has dropped to 0.41 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMDRX vs. GUGAX — Risk / Return Rank
PMDRX
GUGAX
PMDRX vs. GUGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Moderate Duration Fund (PMDRX) and GMO Multi-Sector Fixed Income Fund (GUGAX). 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.
| PMDRX | GUGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 4.81 | -3.67 |
| Martin ratioReturn relative to average drawdown | 2.99 | 13.57 | -10.58 |
Loading charts...
Drawdowns
PMDRX vs. GUGAX - Drawdown Comparison
The maximum PMDRX drawdown since its inception was -13.19%, smaller than the maximum GUGAX drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for PMDRX and GUGAX.
Loading charts...
Drawdown Indicators
| PMDRX | GUGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -38.57% | +25.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -1.00% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.13% | -5.81% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -20.53% | +7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -13.19% | -23.06% | +9.87% |
Current DrawdownCurrent decline from peak | -2.05% | -6.72% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -11.25% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.38% | +0.81% |
Volatility
PMDRX vs. GUGAX - Volatility Comparison
PIMCO Moderate Duration Fund (PMDRX) has a higher volatility of 0.94% compared to GMO Multi-Sector Fixed Income Fund (GUGAX) at 0.00%. This indicates that PMDRX's price experiences larger fluctuations and is considered to be riskier than GUGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMDRX | GUGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.00% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 1.01% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 2.51% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 6.57% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 5.42% | -1.82% |
PMDRX vs. GUGAX - Expense Ratio Comparison
PMDRX has a 0.46% expense ratio, which is higher than GUGAX's 0.45% expense ratio.
Dividends
PMDRX vs. GUGAX - Dividend Comparison
PMDRX's dividend yield for the trailing twelve months is around 4.25%, more than GUGAX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 3.45% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
PMDRX PIMCO Moderate Duration Fund | 4.25% | 4.42% | 4.38% | 3.76% | 3.18% | 1.32% | 5.16% | 2.82% | 2.45% | 1.75% | 2.06% | 4.33% |
Frequently Asked Questions
PMDRX and GUGAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMDRX has higher volatility (0.94%) compared to GUGAX (0.00%). In terms of maximum drawdown, PMDRX dropped -13.19% vs GUGAX's -38.57%.
GUGAX currently has the higher Sharpe Ratio (1.93 vs 0.99), 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.
Find the right allocation for PMDRX and GUGAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer