PTTPX vs. VUSFX

Last updated Aug 1, 2026

PTTPX (PIMCO Total Return Fund Class I-2) and VUSFX (Vanguard Ultra-Short-Term Bond Fund Admiral Shares) are both Total Bond Market funds. Over the past 10 years, PTTPX returned 1.85%/yr vs 2.74%/yr for VUSFX. Their 0.48 correlation means their historical movements had little consistent relationship. PTTPX charges 0.63%/yr vs 0.10%/yr for VUSFX.

Performance

PTTPX vs. VUSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Total Return Fund Class I-2 (PTTPX) and Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTTPX achieves a -0.50% return, which is significantly lower than VUSFX's 1.99% return. Over the past 10 years, PTTPX has underperformed VUSFX with an annualized return of 1.85%, while VUSFX has yielded a comparatively higher 2.74% annualized return.

PTTPX

• 1D: 0.00%
• 1M: -1.37%
• 6M: -0.84%
• YTD: -0.50%
• 1Y: 3.09%
• 3Y*: 4.77%
• 5Y*: -0.10%
• 10Y*: 1.85%
• ALL TIME*: 3.43%

VUSFX

• 1D: 0.05%
• 1M: 0.25%
• 6M: 1.59%
• YTD: 1.99%
• 1Y: 4.07%
• 3Y*: 5.35%
• 5Y*: 3.60%
• 10Y*: 2.74%
• ALL TIME*: 2.69%

*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)
PTTPX PIMCO Total Return Fund Class I-2	$0.00	$0.00	$0.00
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares	$0.00	$0.00	$0.00

PTTPX vs. VUSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTTPX PIMCO Total Return Fund Class I-2	-0.50%	9.24%	2.51%	5.47%	-14.80%	-0.70%	8.78%	8.26%	-0.35%	5.03%
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares	1.99%	5.11%	6.11%	5.53%	-0.38%	0.08%	2.10%	3.39%	2.10%	1.37%

Correlation

The correlation between PTTPX and VUSFX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.48
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.48

The correlation between PTTPX and VUSFX shifts across timeframes, from 0.48 (all time) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PTTPX vs. VUSFX — Risk / Return Rank

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

PTTPX

PTTPX Risk / Return Rank: 26
PTTPX Sharpe Ratio Rank: 28
PTTPX Sortino Ratio Rank: 28
PTTPX Omega Ratio Rank: 27
PTTPX Calmar Ratio Rank: 26
PTTPX Martin Ratio Rank: 22

VUSFX

VUSFX Risk / Return Rank: 100
VUSFX Sharpe Ratio Rank: 100
VUSFX Sortino Ratio Rank: 100
VUSFX Omega Ratio Rank: 99
VUSFX Calmar Ratio Rank: 100
VUSFX Martin Ratio Rank: 100

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.

PTTPX vs. VUSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Class I-2 (PTTPX) and Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX). 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.

	PTTPX	VUSFX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	7.11	-6.13
Sortino ratio: Return per unit of downside risk	1.43	13.95	-12.52
Omega ratio: Gain probability vs. loss probability	1.18	4.11	-2.93
Calmar ratio: Return relative to maximum drawdown	1.21	17.22	-16.01
Martin ratio: Return relative to average drawdown	3.21	99.18	-95.97

PTTPX vs. VUSFX - Sharpe Ratio Comparison

The current PTTPX Sharpe Ratio is 0.98, which is lower than the VUSFX Sharpe Ratio of 7.11. The chart below compares the historical Sharpe Ratios of PTTPX and VUSFX, 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

PTTPX vs. VUSFX - Drawdown Comparison

The maximum PTTPX drawdown since its inception was -19.36%, which is greater than VUSFX's maximum drawdown of -1.71%. Use the drawdown chart below to compare losses from any high point for PTTPX and VUSFX.

Drawdown Indicators

	PTTPX	VUSFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.36%	-1.71%	-17.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	-0.25%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	-5.39%	-0.35%	-5.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-1.71%	-17.65%
Max Drawdown (10Y) Largest decline over 10 years	-19.36%	-1.71%	-17.65%
Current Drawdown Current decline from peak	-2.59%	0.00%	-2.59%
Average Drawdown Average peak-to-trough decline	-3.15%	-0.15%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	0.04%	+1.35%

Volatility

PTTPX vs. VUSFX - Volatility Comparison

PIMCO Total Return Fund Class I-2 (PTTPX) has a higher volatility of 1.22% compared to Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) at 0.17%. This indicates that PTTPX's price experiences larger fluctuations and is considered to be riskier than VUSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTTPX	VUSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	0.17%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	3.76%	0.45%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.58%	0.60%	+3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	0.81%	+5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	0.68%	+4.54%

PTTPX vs. VUSFX - Expense Ratio Comparison

PTTPX has a 0.63% expense ratio, which is higher than VUSFX's 0.10% expense ratio.

Dividends

PTTPX vs. VUSFX - Dividend Comparison

PTTPX's dividend yield for the trailing twelve months is around 4.17%, more than VUSFX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTTPX PIMCO Total Return Fund Class I-2	4.17%	4.37%	4.51%	3.04%	3.53%	2.48%	6.01%	3.87%	3.02%	2.53%	2.92%	6.54%
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares	4.09%	4.73%	5.52%	4.15%	1.38%	0.53%	1.62%	2.68%	2.23%	1.52%	1.07%	0.00%

Frequently Asked Questions

Can I hold both PTTPX and VUSFX in my portfolio?

PTTPX and VUSFX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTTPX or VUSFX?

PTTPX has higher volatility (1.22%) compared to VUSFX (0.17%). In terms of maximum drawdown, PTTPX dropped -19.36% vs VUSFX's -1.71%.

Which has better risk-adjusted returns?

VUSFX currently has the higher Sharpe Ratio (7.11 vs 0.98), 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.