SEFIX vs. PFORX

Last updated Jun 23, 2026

SEFIX (SEI Institutional International Trust International Fixed Income Fund) and PFORX (PIMCO International Bond Fund (U.S. Dollar-Hedged)) are both Global Bonds funds. Over the past 10 years, SEFIX returned 10.51%/yr vs 2.92%/yr for PFORX. At a 0.47 correlation, their price movements are largely independent. SEFIX charges 1.02%/yr vs 0.50%/yr for PFORX.

Performance

SEFIX vs. PFORX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional International Trust International Fixed Income Fund (SEFIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEFIX achieves a 0.34% return, which is significantly lower than PFORX's 0.53% return. Over the past 10 years, SEFIX has outperformed PFORX with an annualized return of 10.51%, while PFORX has yielded a comparatively lower 2.92% annualized return.

SEFIX

• 1D: -0.11%
• 1M: 1.01%
• YTD: 0.34%
• 6M: 0.76%
• 1Y: 1.10%
• 3Y*: 3.36%
• 5Y*: 19.45%
• 10Y*: 10.51%

PFORX

• 1D: 0.00%
• 1M: 1.48%
• YTD: 0.53%
• 6M: 1.18%
• 1Y: 3.21%
• 3Y*: 5.60%
• 5Y*: 1.67%
• 10Y*: 2.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEFIX vs. PFORX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEFIX SEI Institutional International Trust International Fixed Income Fund	0.34%	2.79%	2.53%	7.13%	-9.22%	132.40%	2.95%	6.55%	1.93%	1.79%
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged)	0.53%	4.33%	5.70%	9.52%	-10.33%	-1.67%	6.17%	7.64%	2.64%	3.52%

Correlation

The correlation between SEFIX and PFORX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.47

Over the past year, SEFIX and PFORX have become more correlated (0.81) than their long-term average of 0.47, meaning their price movements have been converging.

Return for Risk

SEFIX vs. PFORX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEFIX

SEFIX Risk / Return Rank: 5
SEFIX Sharpe Ratio Rank: 5
SEFIX Sortino Ratio Rank: 5
SEFIX Omega Ratio Rank: 5
SEFIX Calmar Ratio Rank: 5
SEFIX Martin Ratio Rank: 5

PFORX

PFORX Risk / Return Rank: 10
PFORX Sharpe Ratio Rank: 11
PFORX Sortino Ratio Rank: 11
PFORX Omega Ratio Rank: 11
PFORX Calmar Ratio Rank: 8
PFORX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEFIX vs. PFORX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional International Trust International Fixed Income Fund (SEFIX) 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.

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.

	SEFIX	PFORX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.82	-0.49
Sortino ratio: Return per unit of downside risk	0.49	1.23	-0.74
Omega ratio: Gain probability vs. loss probability	1.08	1.16	-0.08
Calmar ratio: Return relative to maximum drawdown	0.40	0.78	-0.39
Martin ratio: Return relative to average drawdown	0.98	2.32	-1.34

SEFIX vs. PFORX - Sharpe Ratio Comparison

The current SEFIX Sharpe Ratio is 0.33, which is lower than the PFORX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of SEFIX and PFORX, 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

SEFIX vs. PFORX - Drawdown Comparison

The maximum SEFIX drawdown since its inception was -19.16%, which is greater than PFORX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for SEFIX and PFORX.

Drawdown Indicators

	SEFIX	PFORX	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-13.87%	-5.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-3.99%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-2.87%	-3.99%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-11.59%	-13.71%	+2.12%
Max Drawdown (10Y) Largest decline over 10 years	-11.59%	-13.87%	+2.28%
Current Drawdown Current decline from peak	-1.21%	-0.97%	-0.24%
Average Drawdown Average peak-to-trough decline	-4.38%	-1.95%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.34%	-0.20%

Volatility

SEFIX vs. PFORX - Volatility Comparison

The current volatility for SEI Institutional International Trust International Fixed Income Fund (SEFIX) is 0.71%, while PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a volatility of 1.14%. This indicates that SEFIX 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.

Volatility by Period

	SEFIX	PFORX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	1.14%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	3.39%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	3.83%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.95%	3.62%	+58.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.70%	3.16%	+40.54%

SEFIX vs. PFORX - Expense Ratio Comparison

SEFIX has a 1.02% expense ratio, which is higher than PFORX's 0.50% expense ratio.

Dividends

SEFIX vs. PFORX - Dividend Comparison

SEFIX's dividend yield for the trailing twelve months is around 2.78%, less than PFORX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged)	4.09%	4.23%	4.91%	3.02%	3.65%	1.55%	2.46%	6.86%	2.90%	1.46%	1.38%	9.12%
SEFIX SEI Institutional International Trust International Fixed Income Fund	2.78%	2.78%	0.00%	0.00%	13.04%	60.90%	0.03%	3.33%	4.58%	0.00%	2.67%	6.00%

Frequently Asked Questions

Can I hold both SEFIX and PFORX in my portfolio?

SEFIX and PFORX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEFIX or PFORX?

PFORX has higher volatility (1.14%) compared to SEFIX (0.71%). In terms of maximum drawdown, SEFIX dropped -19.16% vs PFORX's -13.87%.

Which has better risk-adjusted returns?

PFORX currently has the higher Sharpe Ratio (0.82 vs 0.33), 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.