VEGBX vs. PCLIX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX).

VEGBX is managed by Vanguard. It was launched on Dec 6, 2017. PCLIX is managed by PIMCO. It was launched on May 27, 2010.

Performance

VEGBX vs. PCLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). The values are adjusted to include any dividend payments, if applicable.

VEGBX vs. PCLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares	-1.84%	14.46%	7.60%	13.81%	-13.02%	-1.44%	15.18%	17.87%	-0.66%	11.65%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	30.80%	5.76%	8.53%	0.69%	23.32%	43.83%	-9.18%	19.37%	-12.02%	8.50%

Returns By Period

In the year-to-date period, VEGBX achieves a -1.84% return, which is significantly lower than PCLIX's 30.80% return.

VEGBX

• 1D: -0.04%
• 1M: -3.68%
• YTD: -1.84%
• 6M: 1.58%
• 1Y: 9.58%
• 3Y*: 10.30%
• 5Y*: 4.23%
• 10Y*: —

PCLIX

• 1D: 0.79%
• 1M: 19.14%
• YTD: 30.80%
• 6M: 31.76%
• 1Y: 32.96%
• 3Y*: 15.28%
• 5Y*: 18.66%
• 10Y*: 13.29%

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

VEGBX vs. PCLIX - Expense Ratio Comparison

VEGBX has a 0.40% expense ratio, which is lower than PCLIX's 0.98% expense ratio.

PCLIX

PIMCO CommoditiesPLUS Strategy Fund

VEGBX

Vanguard Emerging Markets Bond Fund Admiral Shares

Return for Risk

VEGBX vs. PCLIX — Risk / Return Rank

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

VEGBX

VEGBX Risk / Return Rank: 90
VEGBX Sharpe Ratio Rank: 92
VEGBX Sortino Ratio Rank: 92
VEGBX Omega Ratio Rank: 90
VEGBX Calmar Ratio Rank: 88
VEGBX Martin Ratio Rank: 91

PCLIX

PCLIX Risk / Return Rank: 88
PCLIX Sharpe Ratio Rank: 89
PCLIX Sortino Ratio Rank: 88
PCLIX Omega Ratio Rank: 84
PCLIX Calmar Ratio Rank: 94
PCLIX Martin Ratio Rank: 84

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.

VEGBX vs. PCLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). 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.

	VEGBX	PCLIX	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.83	+0.11
Sortino ratio Return per unit of downside risk	2.78	2.38	+0.40
Omega ratio Gain probability vs. loss probability	1.40	1.34	+0.06
Calmar ratio Return relative to maximum drawdown	2.31	3.13	-0.82
Martin ratio Return relative to average drawdown	10.46	8.68	+1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEGBX vs. PCLIX - Sharpe Ratio Comparison

The current VEGBX Sharpe Ratio is 1.94, which is comparable to the PCLIX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of VEGBX and PCLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VEGBX	PCLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.83	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.98	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.17	+0.85

Correlation

The correlation between VEGBX and PCLIX is 0.11, 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

VEGBX vs. PCLIX - Dividend Comparison

VEGBX's dividend yield for the trailing twelve months is around 5.83%, more than PCLIX's 1.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares	5.83%	6.34%	7.02%	7.20%	5.61%	5.14%	4.62%	6.42%	5.00%	0.39%	0.00%	0.00%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	1.43%	2.45%	7.50%	5.06%	42.60%	73.41%	0.77%	2.46%	18.58%	12.63%	0.16%	2.22%

Drawdowns

VEGBX vs. PCLIX - Drawdown Comparison

The maximum VEGBX drawdown since its inception was -24.27%, smaller than the maximum PCLIX drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for VEGBX and PCLIX.

Drawdown Indicators

	VEGBX	PCLIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.27%	-66.60%	+42.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.21%	-10.90%	+6.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.27%	-21.59%	-2.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.78%	—
Current Drawdown Current decline from peak	-3.79%	0.00%	-3.79%
Average Drawdown Average peak-to-trough decline	-3.90%	-24.39%	+20.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	3.93%	-3.00%

Volatility

VEGBX vs. PCLIX - Volatility Comparison

The current volatility for Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) is 2.01%, while PIMCO CommoditiesPLUS Strategy Fund (PCLIX) has a volatility of 10.48%. This indicates that VEGBX experiences smaller price fluctuations and is considered to be less risky than PCLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEGBX	PCLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.01%	10.48%	-8.47%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	14.76%	-11.93%
Volatility (1Y) Calculated over the trailing 1-year period	4.97%	18.95%	-13.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.26%	19.13%	-12.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.37%	40.53%	-34.16%