PNIGX Alternatives & Similar Mutual Funds

BlackRock U.S. Government Bond Portfolio (PNIGX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PNIGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PNIGX

PNIGX charges 0.45% annually. There are 35 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	PNIGX vs GUSTX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	—	PNIGX vs FUAMX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PNIGX vs FNBGX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PNIGX vs FUMBX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	PNIGX vs FUTBX

Best Risk-Adjusted Alternatives to PNIGX

Among 97 mutual funds in the Government Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	PNIGX vs FEUGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	PNIGX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	88	—	Aug 2010	PNIGX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	86	33.50B	Dec 2009	PNIGX vs VSBSX
MDSIX	Integrity Short Term Government Fund	84	—	Jun 2011	PNIGX vs MDSIX

Top Performing PNIGX Alternatives (YTD)

Among 97 mutual funds in the Government Bonds category with YTD return data, the top-performing alternatives shown here go as high as 1.82%.

Symbol	Name	YTD Return	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	1.82%	—	Dec 1985	PNIGX vs FEUGX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	1.70%	6.50B	Feb 2015	PNIGX vs VGIVX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	1.65%	6.50B	May 2013	PNIGX vs VGAVX
MDSIX	Integrity Short Term Government Fund	1.65%	—	Jun 2011	PNIGX vs MDSIX
GUSTX	GMO U.S. Treasury Fund	1.46%	—	Mar 2009	PNIGX vs GUSTX

Lowest Volatility Alternatives to PNIGX

Among 97 mutual funds in the Government Bonds category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 1.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	1.21%	—	May 1987	PNIGX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.22%	—	Mar 2009	PNIGX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.27%	—	Aug 2010	PNIGX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.28%	33.50B	Dec 2009	PNIGX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.41%	—	Dec 1985	PNIGX vs FEUGX

Lowest Drawdown Alternatives to PNIGX

Among 97 mutual funds in the Government Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	PNIGX vs GUSTX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	PNIGX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	PNIGX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	PNIGX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	-0.84%	33.50B	Dec 2009	PNIGX vs VSBSX

Other Mutual Funds from BlackRock

The 10 most viewed BlackRock mutual funds shown here include NASDX, VFAIX, VTMFX and span 10 categories. AUM among these funds goes as high as $29B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NASDX	Shelton Capital Management Nasdaq-100 Index Fund D...	Large Cap Growth Equities	75	21.38%	—	Jan 2000	PNIGX vs NASDX
VFAIX	Vanguard Financials Index Fund Admiral Shares	Financials Equities	4	-5.08%	13.70B	Feb 2004	PNIGX vs VFAIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	Diversified Portfolio	81	6.03%	11.90B	Sep 1994	PNIGX vs VTMFX
VTCLX	Vanguard Tax-Managed Capital Appreciation Fund Adm...	Large Cap Blend Equities	70	11.31%	28.60B	Sep 1994	PNIGX vs VTCLX
WFSPX	iShares S&P 500 Index Fund	S&P 500	73	11.69%	—	Jul 1993	PNIGX vs WFSPX
ECAT	BlackRock ESG Capital Allocation Term Trust	Derivative Income, ESG	28	11.23%	—	Sep 2021	PNIGX vs ECAT
LIVIX	BlackRock LifePath Index 2055 Fund	Target Retirement Date	69	13.10%	—	May 2011	PNIGX vs LIVIX
BDMIX	BlackRock Global Long/Short Equity Fund Class I	Long-Short	92	12.48%	—	Dec 2012	PNIGX vs BDMIX
FASGX	Fidelity Asset Manager 70% Fund	Diversified Portfolio	77	11.93%	—	Dec 1991	PNIGX vs FASGX
ASFYX	AlphaSimplex Managed Futures Strategy Fund Class Y	Systematic Trend	67	15.25%	—	Jul 2010	PNIGX vs ASFYX

Often Compared With PNIGX

Investors most often compare PNIGX with ^GSPC, PDMIX, PRGMX. These 4 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
^GSPC	S&P 500 Index		73	10.35%	—	—	PNIGX vs ^GSPC
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	33	1.23%	—	Jul 1997	PNIGX vs PDMIX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	44	0.93%	—	Nov 1985	PNIGX vs PRGMX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	Government Bonds	6	-0.08%	—	Oct 2015	PNIGX vs FBLTX

Compare PNIGX with Any Fund or Stock

Compare PNIGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair PNIGX with funds that move differently

BlackRock U.S. Government Bond Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PNIGX.

Explore PNIGX Diversifiers

BlackRock U.S. Government Bond Portfolio (PNIGX) Alternatives