VGCIX vs. PAIIX
Compare and contrast key facts about Vanguard Global Credit Bond Fund Investor Shares (VGCIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX).
VGCIX is managed by Vanguard. It was launched on Nov 15, 2018. PAIIX is managed by PIMCO. It was launched on Oct 1, 1995.
Performance
VGCIX vs. PAIIX - Performance Comparison
Loading graphics...
VGCIX vs. PAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGCIX Vanguard Global Credit Bond Fund Investor Shares | -0.83% | 7.26% | 3.82% | 9.17% | -13.61% | -0.70% | 10.70% | 12.93% | 0.95% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -2.94% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.14% |
Returns By Period
In the year-to-date period, VGCIX achieves a -0.83% return, which is significantly higher than PAIIX's -2.94% return.
VGCIX
- 1D
- 0.42%
- 1M
- -2.54%
- YTD
- -0.83%
- 6M
- 0.16%
- 1Y
- 4.50%
- 3Y*
- 5.34%
- 5Y*
- 1.29%
- 10Y*
- —
PAIIX
- 1D
- 0.42%
- 1M
- -3.85%
- YTD
- -2.94%
- 6M
- -1.59%
- 1Y
- 2.48%
- 3Y*
- 4.59%
- 5Y*
- 1.73%
- 10Y*
- 2.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VGCIX vs. PAIIX - Expense Ratio Comparison
VGCIX has a 0.35% expense ratio, which is lower than PAIIX's 0.90% expense ratio.
Return for Risk
VGCIX vs. PAIIX — Risk / Return Rank
VGCIX
PAIIX
VGCIX vs. PAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Investor Shares (VGCIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). 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.
| VGCIX | PAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.75 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.03 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.74 | +0.97 |
Martin ratioReturn relative to average drawdown | 6.85 | 3.24 | +3.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VGCIX | PAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.75 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.54 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.09 | -0.34 |
Correlation
The correlation between VGCIX and PAIIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VGCIX vs. PAIIX - Dividend Comparison
VGCIX's dividend yield for the trailing twelve months is around 3.82%, less than PAIIX's 4.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 3.82% | 4.82% | 4.54% | 4.38% | 2.61% | 3.05% | 4.55% | 6.77% | 0.35% | 0.00% | 0.00% | 0.00% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.35% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
Drawdowns
VGCIX vs. PAIIX - Drawdown Comparison
The maximum VGCIX drawdown since its inception was -18.69%, which is greater than PAIIX's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for VGCIX and PAIIX.
Loading graphics...
Drawdown Indicators
| VGCIX | PAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.69% | -13.59% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -4.25% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.69% | -9.91% | -8.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.44% | — |
Current DrawdownCurrent decline from peak | -2.54% | -3.85% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -1.99% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.97% | -0.23% |
Volatility
VGCIX vs. PAIIX - Volatility Comparison
The current volatility for Vanguard Global Credit Bond Fund Investor Shares (VGCIX) is 1.61%, while PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a volatility of 2.23%. This indicates that VGCIX experiences smaller price fluctuations and is considered to be less risky than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VGCIX | PAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 2.23% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.86% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 3.94% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 3.25% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 2.92% | +2.00% |