PCM vs BNDS

Comparison between PCM Fund Inc (PCM, ETF) and INFRASTRUCTURE CAPITAL BOND INCOME ETF (BNDS, ETF).

PCM vs BNDS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PCM(ETF)	BNDS(ETF)
Net Assets	$70M	$70M
Expense Ratio	N/A	0.88%
Max Drawdown	73.17%	21.88%
Sharpe Ratio	-0.18	2.17
5Y Beta	0.14	0.22
5Y Dividends CAGR	-2.76%	N/A

Net Assets

PCM

$70M

Winner

BNDS

$70M

Expense Ratio

PCM

N/A

BNDS

0.88%

Max Drawdown

PCM

73.17%

Winner

BNDS

21.88%

Sharpe Ratio

PCM

-0.18

Winner

BNDS

2.17

5Y Beta

Winner

PCM

0.14

BNDS

0.22

5Y Dividends CAGR

PCM

-2.76%

BNDS

N/A

PCM vs BNDS - Historical Returns

Returns include dividend reinvestment.

Period	PCM	BNDS
1 month	-2.86%	+0.24%
3 months	+0.19%	+2.63%
6 months	-3.43%	+4.80%
1 year	-0.65%	+11.40%
5 years(CAGR)	-3.77%	N/A
10 years(CAGR)	+5.26%	-0.01%
Max(CAGR)	+7.14%	+2.27%

PCM

-2.86%

Winner

BNDS

+0.24%

PCM

+0.19%

Winner

BNDS

+2.63%

PCM

-3.43%

Winner

BNDS

+4.80%

PCM

-0.65%

Winner

BNDS

+11.40%

5Y(CAGR)

PCM

-3.77%

BNDS

N/A

10Y(CAGR)

Winner

PCM

+5.26%

BNDS

-0.01%

Max(CAGR)

Winner

PCM

+7.14%

BNDS

+2.27%

PCM vs BNDS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PCM	BNDS
2026	-2.96%	+4.24%
2025	-10.89%	+8.30%
2024	+10.50%	N/A
2023	+6.61%	N/A
2022	-19.89%	N/A
2021	+7.51%	N/A
2020	+3.70%	N/A
2019	+21.45%	N/A
2018	-5.50%	N/A
2017	+26.73%	+3.56%
2016	+25.57%	+2.28%
2015	-5.76%	+0.06%
2014	+0.98%	+5.94%
2013	+5.42%	-2.08%
2012	+22.62%	+4.23%
2011	+11.74%	+7.93%
2010	+51.88%	+6.29%
2009	+45.17%	+3.94%
2008	-32.91%	+7.97%
2007	-22.78%	+5.46%
2006	+11.03%	N/A
2005	+15.55%	N/A
2004	-0.64%	N/A
2003	+9.91%	N/A
2002	+11.96%	N/A
2001	+23.65%	N/A
2000	+9.82%	N/A
1999	-4.00%	N/A

PCM vs BNDS Drawdown Comparison

The maximum drawdown for PCM was -64.85%, occurring on Mar 9, 2009. Recovery took 803 trading sessions.

The maximum drawdown for BNDS was -18.02%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current PCM drawdown is -21.88%. The current BNDS drawdown is -2.03%.

Rank	PCM	BNDS
#1	-64.85% Feb 5, 2007 - Apr 14, 2010	-18.02% Sep 7, 2017 - Apr 8, 2025
#2	-47.67% Feb 21, 2020 - Jan 12, 2021	-13.75% Sep 9, 2008 - Nov 10, 2008
#3	-29.61% Aug 8, 2023 - Oct 27, 2023	-6.43% Jan 20, 2009 - Aug 13, 2009
#4	-28.19% Aug 12, 2021 - Aug 7, 2023	-5.01% May 1, 2013 - May 7, 2014
#5	-18.35% Apr 1, 2004 - Nov 3, 2004	-4.38% Jul 6, 2016 - Aug 31, 2017
#6	-17.91% Jul 1, 2014 - Jul 18, 2016	-3.71% Nov 4, 2010 - May 5, 2011
#7	-16.04% May 10, 2013 - Jun 10, 2014	-3.47% Mar 17, 2008 - Sep 9, 2008
#8	-14.96% Sep 16, 2002 - Jan 3, 2003	-3.11% Jan 30, 2015 - Feb 8, 2016
#9	-14.39% Aug 16, 2018 - Feb 28, 2019	-2.97% Nov 10, 2008 - Nov 25, 2008
#10	-13.54% Jul 5, 2011 - Nov 11, 2011	-1.82% Dec 18, 2008 - Jan 14, 2009
#11	-12.72% Nov 10, 2017 - May 2, 2018	-1.81% May 30, 2007 - Jul 26, 2007
#12	-9.36% Nov 9, 2010 - Nov 26, 2010	-1.81% Nov 30, 2009 - Mar 1, 2010
#13	-9.28% Jun 13, 2003 - Dec 3, 2003	-1.79% Sep 22, 2011 - Dec 16, 2011
#14	-8.92% Nov 12, 1999 - Jul 13, 2000	-1.77% Dec 3, 2007 - Jan 3, 2008
#15	-8.86% Oct 5, 2012 - Jan 3, 2013	-1.62% Jan 22, 2008 - Mar 14, 2008

Correlation

Correlation between PCM and BNDS is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2000 - 2026)

PCM vs BNDS dividend yield comparison.

Year	PCM	BNDS
2026	6.92%	3.35%
2025	12.55%	7.98%
2024	12.47%	0.00%
2023	12.06%	0.00%
2022	12.20%	0.00%
2021	8.96%	0.00%
2020	8.95%	0.00%
2019	8.38%	0.00%
2018	9.46%	0.00%
2017	8.47%	1.98%
2016	14.60%	2.63%
2015	10.39%	2.59%
2014	9.85%	2.43%
2013	9.40%	1.99%
2012	9.28%	2.35%
2011	9.84%	3.44%
2010	11.62%	4.54%
2009	12.92%	5.24%
2008	18.76%	4.40%
2007	8.66%	2.96%
2006	7.82%	0.00%
2005	8.02%	0.00%
2004	8.55%	0.00%
2003	7.75%	0.00%
2002	9.83%	0.00%
2001	9.53%	0.00%
2000	5.25%	0.00%