PWLIX vs. PFORX
Compare and contrast key facts about PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
PWLIX is managed by PIMCO. It was launched on Dec 3, 2014. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
PWLIX vs. PFORX - Performance Comparison
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PWLIX vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | 4.64% | 4.65% | 4.04% | 4.33% | 15.15% | -12.66% | 9.60% | 0.49% | 11.80% |
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, PWLIX achieves a 9.51% return, which is significantly higher than PFORX's -2.23% return. Over the past 10 years, PWLIX has outperformed PFORX with an annualized return of 5.83%, while PFORX has yielded a comparatively lower 2.77% annualized return.
PWLIX
- 1D
- 1.13%
- 1M
- 0.50%
- YTD
- 9.51%
- 6M
- 8.92%
- 1Y
- 6.36%
- 3Y*
- 8.08%
- 5Y*
- 7.13%
- 10Y*
- 5.83%
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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PWLIX vs. PFORX - Expense Ratio Comparison
PWLIX has a 1.19% expense ratio, which is higher than PFORX's 0.50% expense ratio.
Return for Risk
PWLIX vs. PFORX — Risk / Return Rank
PWLIX
PFORX
PWLIX vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) 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.
| PWLIX | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.64 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.14 | 0.89 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.61 | +0.77 |
Martin ratioReturn relative to average drawdown | 2.63 | 2.82 | -0.19 |
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
| PWLIX | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.64 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.31 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.90 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.25 | -0.71 |
Correlation
The correlation between PWLIX and PFORX is 0.14, 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
PWLIX vs. PFORX - Dividend Comparison
PWLIX's dividend yield for the trailing twelve months is around 6.07%, more than PFORX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 6.07% | 6.65% | 4.75% | 5.51% | 14.75% | 11.99% | 7.31% | 6.79% | 0.39% | 10.82% | 4.16% | 3.61% |
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
PWLIX vs. PFORX - Drawdown Comparison
The maximum PWLIX drawdown since its inception was -26.92%, which is greater than PFORX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PWLIX and PFORX.
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Drawdown Indicators
| PWLIX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.92% | -13.87% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -3.99% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -11.74% | -13.71% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -26.92% | -13.87% | -13.05% |
Current DrawdownCurrent decline from peak | 0.00% | -3.69% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -1.95% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.87% | +2.16% |
Volatility
PWLIX vs. PFORX - Volatility Comparison
PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) has a higher volatility of 2.39% compared to PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) at 1.93%. This indicates that PWLIX's price experiences larger fluctuations and is considered to be riskier 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
| PWLIX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 1.93% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 2.53% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.04% | 3.38% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.86% | 3.46% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 3.08% | +5.86% |