CMIEX vs. PZRIX
Compare and contrast key facts about Multi-Manager International Equity Strategies Fund (CMIEX) and PIMCO RAE Global ex-US Fund (PZRIX).
CMIEX is managed by BlackRock. It was launched on May 17, 2018. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
CMIEX vs. PZRIX - Performance Comparison
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CMIEX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMIEX Multi-Manager International Equity Strategies Fund | -2.03% | 32.46% | 3.96% | 21.41% | -15.46% | 6.89% | 16.20% | 23.87% | -16.02% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -15.89% |
Returns By Period
In the year-to-date period, CMIEX achieves a -2.03% return, which is significantly lower than PZRIX's 9.93% return.
CMIEX
- 1D
- 3.37%
- 1M
- -7.92%
- YTD
- -2.03%
- 6M
- 2.03%
- 1Y
- 20.12%
- 3Y*
- 13.69%
- 5Y*
- 6.77%
- 10Y*
- —
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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CMIEX vs. PZRIX - Expense Ratio Comparison
CMIEX has a 0.99% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
CMIEX vs. PZRIX — Risk / Return Rank
CMIEX
PZRIX
CMIEX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager International Equity Strategies Fund (CMIEX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| CMIEX | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 2.67 | -1.48 |
Sortino ratioReturn per unit of downside risk | 1.67 | 3.39 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.52 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.09 | -1.64 |
Martin ratioReturn relative to average drawdown | 5.72 | 14.29 | -8.57 |
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
| CMIEX | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.67 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.69 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.59 | -0.17 |
Correlation
The correlation between CMIEX and PZRIX is 0.93, 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
CMIEX vs. PZRIX - Dividend Comparison
CMIEX's dividend yield for the trailing twelve months is around 9.11%, more than PZRIX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CMIEX Multi-Manager International Equity Strategies Fund | 9.11% | 8.92% | 7.54% | 2.26% | 2.44% | 3.21% | 1.30% | 2.47% | 0.83% | 0.00% | 0.00% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% |
Drawdowns
CMIEX vs. PZRIX - Drawdown Comparison
The maximum CMIEX drawdown since its inception was -35.35%, smaller than the maximum PZRIX drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for CMIEX and PZRIX.
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Drawdown Indicators
| CMIEX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -43.53% | +8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -10.68% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -30.85% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.53% | — |
Current DrawdownCurrent decline from peak | -10.07% | -5.20% | -4.87% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -9.00% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.45% | +0.87% |
Volatility
CMIEX vs. PZRIX - Volatility Comparison
Multi-Manager International Equity Strategies Fund (CMIEX) has a higher volatility of 8.04% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that CMIEX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMIEX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.45% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 8.92% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 14.17% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 15.85% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 17.02% | +1.30% |