^GDAXI vs. BOND
Compare and contrast key facts about DAX Performance Index (^GDAXI) and PIMCO Active Bond ETF (BOND).
BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or BOND.
Performance
^GDAXI vs. BOND - Performance Comparison
Returns By Period
In the year-to-date period, ^GDAXI achieves a 14.29% return, which is significantly higher than BOND's 2.98% return. Over the past 10 years, ^GDAXI has outperformed BOND with an annualized return of 6.90%, while BOND has yielded a comparatively lower 1.88% annualized return.
^GDAXI
14.29%
-1.42%
2.43%
19.98%
7.69%
6.90%
BOND
2.98%
-0.69%
3.67%
8.55%
0.18%
1.88%
Key characteristics
| ^GDAXI | BOND | |
|---|---|---|
| Sharpe Ratio | 1.68 | 1.55 |
| Sortino Ratio | 2.31 | 2.23 |
| Omega Ratio | 1.29 | 1.28 |
| Calmar Ratio | 2.46 | 0.59 |
| Martin Ratio | 9.10 | 5.75 |
| Ulcer Index | 2.19% | 1.49% |
| Daily Std Dev | 11.79% | 5.53% |
| Max Drawdown | -72.68% | -19.71% |
| Current Drawdown | -2.60% | -6.91% |
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Correlation
The correlation between ^GDAXI and BOND is 0.01, 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.
Risk-Adjusted Performance
^GDAXI vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and PIMCO Active Bond ETF (BOND). 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.
Drawdowns
^GDAXI vs. BOND - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and BOND. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. BOND - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 5.53% compared to PIMCO Active Bond ETF (BOND) at 1.38%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.