PUTIX vs. RPIEX
PUTIX (PIMCO Strategic Bond Fund) and RPIEX (T. Rowe Price Dynamic Global Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, PUTIX returned 4.05%/yr vs 2.32%/yr for RPIEX. At a correlation of -0.04, they often move in opposite directions. PUTIX charges 0.51%/yr vs 0.71%/yr for RPIEX.
Performance
PUTIX vs. RPIEX - Performance Comparison
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Returns By Period
In the year-to-date period, PUTIX achieves a 1.35% return, which is significantly lower than RPIEX's 3.29% return. Over the past 10 years, PUTIX has outperformed RPIEX with an annualized return of 4.05%, while RPIEX has yielded a comparatively lower 2.32% annualized return.
PUTIX
- 1D
- -0.09%
- 1M
- 0.72%
- YTD
- 1.35%
- 6M
- 1.93%
- 1Y
- 6.68%
- 3Y*
- 6.87%
- 5Y*
- 3.03%
- 10Y*
- 4.05%
RPIEX
- 1D
- 0.00%
- 1M
- 1.00%
- YTD
- 3.29%
- 6M
- 4.66%
- 1Y
- 6.04%
- 3Y*
- 4.46%
- 5Y*
- 2.23%
- 10Y*
- 2.32%
PUTIX vs. RPIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 1.35% | 8.12% | 6.35% | 6.65% | -6.51% | 0.44% | 4.33% | 5.24% | 3.34% | 7.87% |
RPIEX T. Rowe Price Dynamic Global Bond Fund | 3.29% | 4.82% | 6.83% | -4.51% | 3.08% | 0.08% | 9.42% | -0.39% | 0.89% | -1.89% |
Correlation
The correlation between PUTIX and RPIEX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.04 |
The correlation between PUTIX and RPIEX shifts across timeframes, from -0.12 (5 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PUTIX vs. RPIEX — Risk / Return Rank
PUTIX
RPIEX
PUTIX vs. RPIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Bond Fund (PUTIX) and T. Rowe Price Dynamic Global Bond Fund (RPIEX). 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.
| PUTIX | RPIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.30 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.63 | +2.52 |
| Martin ratioReturn relative to average drawdown | 17.92 | 5.49 | +12.43 |
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Drawdowns
PUTIX vs. RPIEX - Drawdown Comparison
The maximum PUTIX drawdown since its inception was -9.59%, roughly equal to the maximum RPIEX drawdown of -9.59%. Use the drawdown chart below to compare losses from any high point for PUTIX and RPIEX.
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Drawdown Indicators
| PUTIX | RPIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -9.59% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -3.64% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -3.64% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -9.59% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -9.59% | -9.59% | 0.00% |
Current DrawdownCurrent decline from peak | -0.37% | -0.13% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -2.46% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.08% | -0.70% |
Volatility
PUTIX vs. RPIEX - Volatility Comparison
The current volatility for PIMCO Strategic Bond Fund (PUTIX) is 0.86%, while T. Rowe Price Dynamic Global Bond Fund (RPIEX) has a volatility of 1.03%. This indicates that PUTIX experiences smaller price fluctuations and is considered to be less risky than RPIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUTIX | RPIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.03% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 3.88% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 4.40% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 4.91% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.72% | 4.19% | -1.47% |
PUTIX vs. RPIEX - Expense Ratio Comparison
PUTIX has a 0.51% expense ratio, which is lower than RPIEX's 0.71% expense ratio.
Dividends
PUTIX vs. RPIEX - Dividend Comparison
PUTIX's dividend yield for the trailing twelve months is around 4.68%, less than RPIEX's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 4.68% | 4.56% | 4.19% | 2.36% | 2.32% | 1.17% | 2.07% | 3.31% | 2.81% | 4.62% | 2.58% | 4.60% |
RPIEX T. Rowe Price Dynamic Global Bond Fund | 7.51% | 7.69% | 6.32% | 4.68% | 15.28% | 3.76% | 1.93% | 2.51% | 4.36% | 0.61% | 2.72% | 0.00% |
Frequently Asked Questions
PUTIX and RPIEX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPIEX has higher volatility (1.03%) compared to PUTIX (0.86%). In terms of maximum drawdown, PUTIX dropped -9.59% vs RPIEX's -9.59%.
PUTIX currently has the higher Sharpe Ratio (2.72 vs 1.35), 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.
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