VTIIX vs. PFORX
Compare and contrast key facts about Vanguard Total International Bond II Index Fund Investor Class (VTIIX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
VTIIX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. It was launched on Feb 17, 2021. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
VTIIX vs. PFORX - Performance Comparison
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VTIIX vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | -0.72% | 2.95% | 3.82% | 8.72% | -13.03% | -0.52% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -2.23% | 4.33% | 5.70% | 9.52% | -10.33% | -0.74% |
Returns By Period
In the year-to-date period, VTIIX achieves a -0.72% return, which is significantly higher than PFORX's -2.23% return.
VTIIX
- 1D
- 0.35%
- 1M
- -2.60%
- YTD
- -0.72%
- 6M
- -0.24%
- 1Y
- 2.40%
- 3Y*
- 3.68%
- 5Y*
- 0.08%
- 10Y*
- —
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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VTIIX vs. PFORX - Expense Ratio Comparison
VTIIX has a 0.11% expense ratio, which is lower than PFORX's 0.50% expense ratio.
Return for Risk
VTIIX vs. PFORX — Risk / Return Rank
VTIIX
PFORX
VTIIX vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond II Index Fund Investor Class (VTIIX) 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.
| VTIIX | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.64 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.06 | 0.89 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.61 | +0.28 |
Martin ratioReturn relative to average drawdown | 3.81 | 2.82 | +1.00 |
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
| VTIIX | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.64 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.31 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 1.25 | -1.26 |
Correlation
The correlation between VTIIX and PFORX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTIIX vs. PFORX - Dividend Comparison
VTIIX's dividend yield for the trailing twelve months is around 4.07%, more than PFORX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 4.07% | 4.21% | 4.46% | 4.16% | 0.89% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VTIIX vs. PFORX - Drawdown Comparison
The maximum VTIIX drawdown since its inception was -15.95%, which is greater than PFORX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for VTIIX and PFORX.
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Drawdown Indicators
| VTIIX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -13.87% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.99% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -13.71% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.87% | — |
Current DrawdownCurrent decline from peak | -2.60% | -3.69% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -1.95% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.87% | -0.18% |
Volatility
VTIIX vs. PFORX - Volatility Comparison
The current volatility for Vanguard Total International Bond II Index Fund Investor Class (VTIIX) is 1.50%, while PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a volatility of 1.93%. This indicates that VTIIX 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.
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Volatility by Period
| VTIIX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.93% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.53% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 3.38% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 3.46% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 3.08% | +1.37% |