BBALX vs. PGAIX
BBALX (Northern Global Tactical Asset Allocation Fund) and PGAIX (PIMCO Global Core Asset Allocation Fund) are both Global Allocation funds. Over the past 10 years, BBALX returned 7.10%/yr vs 9.49%/yr for PGAIX. Their correlation of 0.90 suggests significant overlap in exposure. BBALX charges 0.26%/yr vs 1.00%/yr for PGAIX.
Performance
BBALX vs. PGAIX - Performance Comparison
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Returns By Period
In the year-to-date period, BBALX achieves a 6.24% return, which is significantly lower than PGAIX's 11.54% return. Over the past 10 years, BBALX has underperformed PGAIX with an annualized return of 7.10%, while PGAIX has yielded a comparatively higher 9.49% annualized return.
BBALX
- 1D
- -0.92%
- 1M
- -0.36%
- YTD
- 6.24%
- 6M
- 5.59%
- 1Y
- 16.08%
- 3Y*
- 12.02%
- 5Y*
- 5.57%
- 10Y*
- 7.10%
PGAIX
- 1D
- -1.08%
- 1M
- 1.04%
- YTD
- 11.54%
- 6M
- 11.27%
- 1Y
- 25.55%
- 3Y*
- 17.96%
- 5Y*
- 8.35%
- 10Y*
- 9.49%
BBALX vs. PGAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBALX Northern Global Tactical Asset Allocation Fund | 6.24% | 14.74% | 8.00% | 10.74% | -12.79% | 11.17% | 6.45% | 17.62% | -7.89% | 14.18% |
PGAIX PIMCO Global Core Asset Allocation Fund | 11.54% | 20.68% | 14.76% | 12.48% | -17.38% | 11.35% | 14.57% | 15.29% | -5.15% | 14.78% |
Correlation
The correlation between BBALX and PGAIX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2008 | 0.90 |
The correlation between BBALX and PGAIX shifts across timeframes, from 0.78 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBALX vs. PGAIX — Risk / Return Rank
BBALX
PGAIX
BBALX vs. PGAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Global Tactical Asset Allocation Fund (BBALX) and PIMCO Global Core Asset Allocation Fund (PGAIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBALX | PGAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.64 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.71 | -1.15 |
| Martin ratioReturn relative to average drawdown | 10.85 | 15.74 | -4.89 |
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Drawdowns
BBALX vs. PGAIX - Drawdown Comparison
The maximum BBALX drawdown since its inception was -33.24%, which is greater than PGAIX's maximum drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for BBALX and PGAIX.
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Drawdown Indicators
| BBALX | PGAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.24% | -26.75% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -7.29% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -10.71% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -22.49% | +3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -26.33% | -26.75% | +0.42% |
Current DrawdownCurrent decline from peak | -1.81% | -1.34% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -4.66% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.71% | -0.21% |
Volatility
BBALX vs. PGAIX - Volatility Comparison
Northern Global Tactical Asset Allocation Fund (BBALX) and PIMCO Global Core Asset Allocation Fund (PGAIX) have volatilities of 3.34% and 3.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBALX | PGAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.22% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 7.28% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 8.42% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.98% | 9.84% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.68% | 10.21% | +0.47% |
BBALX vs. PGAIX - Expense Ratio Comparison
BBALX has a 0.26% expense ratio, which is lower than PGAIX's 1.00% expense ratio.
Dividends
BBALX vs. PGAIX - Dividend Comparison
BBALX's dividend yield for the trailing twelve months is around 2.74%, less than PGAIX's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBALX Northern Global Tactical Asset Allocation Fund | 2.74% | 3.11% | 3.28% | 3.72% | 7.22% | 4.57% | 6.63% | 2.15% | 4.23% | 3.26% | 3.01% | 4.20% |
PGAIX PIMCO Global Core Asset Allocation Fund | 7.43% | 1.78% | 4.27% | 1.54% | 1.07% | 1.10% | 10.94% | 2.49% | 3.12% | 1.67% | 1.66% | 0.00% |
Frequently Asked Questions
BBALX and PGAIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBALX has higher volatility (3.34%) compared to PGAIX (3.22%). In terms of maximum drawdown, BBALX dropped -33.24% vs PGAIX's -26.75%.
PGAIX currently has the higher Sharpe Ratio (3.21 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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