PMZIX vs. PFORX
Compare and contrast key facts about PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
PMZIX is managed by PIMCO. It was launched on Oct 21, 2012. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
PMZIX vs. PFORX - Performance Comparison
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PMZIX vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | -0.31% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.04% | 1.55% | 5.50% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -2.23% | 4.33% | 5.70% | 9.52% | -10.33% | -1.67% | 6.17% | 7.64% | 2.64% | 3.52% |
Returns By Period
In the year-to-date period, PMZIX achieves a -0.31% return, which is significantly higher than PFORX's -2.23% return. Over the past 10 years, PMZIX has outperformed PFORX with an annualized return of 3.59%, while PFORX has yielded a comparatively lower 2.77% annualized return.
PMZIX
- 1D
- 0.43%
- 1M
- -1.89%
- YTD
- -0.31%
- 6M
- 1.54%
- 1Y
- 5.09%
- 3Y*
- 6.31%
- 5Y*
- 2.81%
- 10Y*
- 3.59%
PFORX
- 1D
- 0.31%
- 1M
- -3.69%
- YTD
- -2.23%
- 6M
- -1.20%
- 1Y
- 1.73%
- 3Y*
- 4.71%
- 5Y*
- 1.08%
- 10Y*
- 2.77%
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PMZIX vs. PFORX - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is higher than PFORX's 0.50% expense ratio.
Return for Risk
PMZIX vs. PFORX — Risk / Return Rank
PMZIX
PFORX
PMZIX vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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.
| PMZIX | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.64 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.47 | 0.89 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.61 | +1.84 |
Martin ratioReturn relative to average drawdown | 8.69 | 2.82 | +5.88 |
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
| PMZIX | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.64 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.31 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.90 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 1.25 | -0.03 |
Correlation
The correlation between PMZIX and PFORX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PMZIX vs. PFORX - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 5.20%, more than PFORX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.20% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 3.88% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
Drawdowns
PMZIX vs. PFORX - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -10.44%, smaller than the maximum PFORX drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PMZIX and PFORX.
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Drawdown Indicators
| PMZIX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.44% | -13.87% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.99% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -13.71% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -13.87% | +3.43% |
Current DrawdownCurrent decline from peak | -1.89% | -3.69% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -1.95% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.87% | -0.19% |
Volatility
PMZIX vs. PFORX - Volatility Comparison
The current volatility for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) is 1.26%, while PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a volatility of 1.93%. This indicates that PMZIX experiences smaller price fluctuations and is considered to be less risky than PFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMZIX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.93% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.53% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 3.38% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 3.46% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 3.08% | +0.11% |