PUTIX vs. SVARX
PUTIX (PIMCO Strategic Bond Fund) and SVARX (Spectrum Low Volatility Fund) are both Nontraditional Bonds funds. Over the past 10 years, PUTIX returned 3.95%/yr vs 5.86%/yr for SVARX. Their 0.31 correlation means their historical movements had little consistent relationship. PUTIX charges 0.51%/yr vs 2.34%/yr for SVARX.
Performance
PUTIX vs. SVARX - Performance Comparison
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Returns By Period
In the year-to-date period, PUTIX achieves a 1.49% return, which is significantly higher than SVARX's 0.93% return. Over the past 10 years, PUTIX has underperformed SVARX with an annualized return of 3.95%, while SVARX has yielded a comparatively higher 5.86% annualized return.
PUTIX
- 1D
- -0.18%
- 1M
- -0.55%
- 6M
- 0.78%
- YTD
- 1.49%
- 1Y
- 5.28%
- 3Y*
- 6.52%
- 5Y*
- 2.98%
- 10Y*
- 3.95%
- ALL TIME*
- 3.25%
SVARX
- 1D
- 0.17%
- 1M
- -0.25%
- 6M
- -0.25%
- YTD
- 0.93%
- 1Y
- 4.72%
- 3Y*
- 6.24%
- 5Y*
- 3.00%
- 10Y*
- 5.86%
- ALL TIME*
- 5.79%
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 |
PUTIX vs. SVARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 1.49% | 8.12% | 6.35% | 6.65% | -6.51% | 0.44% | 4.33% | 5.24% | 3.34% | 7.87% |
SVARX Spectrum Low Volatility Fund | 0.93% | 6.22% | 2.60% | 9.67% | -4.35% | 4.10% | 19.50% | 9.42% | -0.99% | 8.25% |
Correlation
The correlation between PUTIX and SVARX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2013 | 0.31 |
Over the past year, PUTIX and SVARX have become more correlated (0.54) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
PUTIX vs. SVARX — Risk / Return Rank
PUTIX
SVARX
PUTIX vs. SVARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Bond Fund (PUTIX) and Spectrum Low Volatility Fund (SVARX). 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 | SVARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.38 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 1.90 | +1.79 |
| Martin ratioReturn relative to average drawdown | 15.43 | 3.87 | +11.56 |
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Drawdowns
PUTIX vs. SVARX - Drawdown Comparison
The maximum PUTIX drawdown since its inception was -9.59%, which is greater than SVARX's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for PUTIX and SVARX.
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Drawdown Indicators
| PUTIX | SVARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -6.48% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -2.55% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -2.55% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -6.48% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -9.59% | -6.48% | -3.11% |
Current DrawdownCurrent decline from peak | -0.64% | -1.85% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -1.23% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.25% | -0.86% |
Volatility
PUTIX vs. SVARX - Volatility Comparison
PIMCO Strategic Bond Fund (PUTIX) has a higher volatility of 0.59% compared to Spectrum Low Volatility Fund (SVARX) at 0.54%. This indicates that PUTIX's price experiences larger fluctuations and is considered to be riskier than SVARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUTIX | SVARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.54% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 1.98% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 2.64% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 3.08% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 3.59% | -0.90% |
PUTIX vs. SVARX - Expense Ratio Comparison
PUTIX has a 0.51% expense ratio, which is lower than SVARX's 2.34% expense ratio.
Dividends
PUTIX vs. SVARX - Dividend Comparison
PUTIX's dividend yield for the trailing twelve months is around 4.32%, less than SVARX's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 4.32% | 4.56% | 4.19% | 2.36% | 2.32% | 1.17% | 2.07% | 3.31% | 2.81% | 4.62% | 2.58% | 4.60% |
SVARX Spectrum Low Volatility Fund | 5.89% | 5.95% | 9.35% | 3.35% | 0.00% | 5.85% | 0.71% | 4.91% | 2.41% | 6.90% | 9.07% | 3.02% |
Frequently Asked Questions
PUTIX and SVARX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PUTIX has higher volatility (0.59%) compared to SVARX (0.54%). In terms of maximum drawdown, PUTIX dropped -9.59% vs SVARX's -6.48%.
PUTIX currently has the higher Sharpe Ratio (2.43 vs 1.84), 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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