GIPIX vs. PAUIX

Last updated Jun 4, 2026

GIPIX (Goldman Sachs Balanced Strategy Portfolio) and PAUIX (PIMCO All Asset All Authority Fund) are both Tactical Allocation funds. Over the past 10 years, GIPIX returned 6.16%/yr vs 4.94%/yr for PAUIX. At a 0.47 correlation, their price movements are largely independent. GIPIX charges 0.19%/yr vs 0.21%/yr for PAUIX.

Performance

GIPIX vs. PAUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Balanced Strategy Portfolio (GIPIX) and PIMCO All Asset All Authority Fund (PAUIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIPIX achieves a 5.42% return, which is significantly lower than PAUIX's 8.21% return. Over the past 10 years, GIPIX has outperformed PAUIX with an annualized return of 6.16%, while PAUIX has yielded a comparatively lower 4.94% annualized return.

GIPIX

• 1D: 0.15%
• 1M: 2.79%
• YTD: 5.42%
• 6M: 5.79%
• 1Y: 14.90%
• 3Y*: 10.66%
• 5Y*: 4.72%
• 10Y*: 6.16%

PAUIX

• 1D: 0.41%
• 1M: 1.38%
• YTD: 8.21%
• 6M: 8.68%
• 1Y: 19.05%
• 3Y*: 8.99%
• 5Y*: 2.63%
• 10Y*: 4.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIPIX vs. PAUIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.42%	10.80%	8.51%	12.49%	-14.43%	7.94%	11.09%	15.68%	-6.52%	11.63%
PAUIX PIMCO All Asset All Authority Fund	8.21%	14.15%	1.06%	6.35%	-15.65%	15.55%	4.58%	7.62%	-6.14%	12.05%

Correlation

The correlation between GIPIX and PAUIX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 4, 2003	0.47

Over the past year, GIPIX and PAUIX have become more correlated (0.69) than their long-term average of 0.47, meaning their price movements have been converging.

Return for Risk

GIPIX vs. PAUIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIPIX

GIPIX Risk / Return Rank: 61
GIPIX Sharpe Ratio Rank: 64
GIPIX Sortino Ratio Rank: 64
GIPIX Omega Ratio Rank: 66
GIPIX Calmar Ratio Rank: 51
GIPIX Martin Ratio Rank: 60

PAUIX

PAUIX Risk / Return Rank: 77
PAUIX Sharpe Ratio Rank: 88
PAUIX Sortino Ratio Rank: 86
PAUIX Omega Ratio Rank: 82
PAUIX Calmar Ratio Rank: 66
PAUIX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIPIX vs. PAUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Balanced Strategy Portfolio (GIPIX) and PIMCO All Asset All Authority Fund (PAUIX). 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.

	GIPIX	PAUIX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.88	-0.54
Sortino ratio: Return per unit of downside risk	3.36	4.05	-0.70
Omega ratio: Gain probability vs. loss probability	1.45	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	2.72	3.15	-0.43
Martin ratio: Return relative to average drawdown	11.88	12.20	-0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIPIX vs. PAUIX - Sharpe Ratio Comparison

The current GIPIX Sharpe Ratio is 2.34, which is comparable to the PAUIX Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of GIPIX and PAUIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIPIX	PAUIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.88	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.28	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.55	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.63	+0.04

Drawdowns

GIPIX vs. PAUIX - Drawdown Comparison

The maximum GIPIX drawdown since its inception was -29.46%, which is greater than PAUIX's maximum drawdown of -26.84%. Use the drawdown chart below to compare losses from any high point for GIPIX and PAUIX.

Drawdown Indicators

	GIPIX	PAUIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.46%	-26.84%	-2.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	-6.05%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-9.11%	-8.54%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-20.65%	-26.15%	+5.50%
Max Drawdown (10Y) Largest decline over 10 years	-20.65%	-26.84%	+6.19%
Current Drawdown Current decline from peak	0.00%	-0.08%	+0.08%
Average Drawdown Average peak-to-trough decline	-3.68%	-5.91%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	1.55%	-0.28%

Volatility

GIPIX vs. PAUIX - Volatility Comparison

Goldman Sachs Balanced Strategy Portfolio (GIPIX) and PIMCO All Asset All Authority Fund (PAUIX) have volatilities of 2.18% and 2.24%, 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.

Volatility by Period

	GIPIX	PAUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	2.24%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	5.32%	5.16%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	6.50%	6.61%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.00%	9.61%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.11%	8.99%	-0.88%

GIPIX vs. PAUIX - Expense Ratio Comparison

GIPIX has a 0.19% expense ratio, which is lower than PAUIX's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GIPIX vs. PAUIX - Dividend Comparison

GIPIX's dividend yield for the trailing twelve months is around 5.51%, less than PAUIX's 6.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.51%	5.22%	4.06%	2.12%	4.56%	6.37%	2.25%	2.51%	4.70%	4.51%	1.46%	5.73%
PAUIX PIMCO All Asset All Authority Fund	6.67%	6.10%	2.64%	3.97%	9.98%	15.46%	4.47%	2.89%	5.74%	5.28%	3.62%	5.54%

Frequently Asked Questions

Can I hold both GIPIX and PAUIX in my portfolio?

GIPIX and PAUIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIPIX or PAUIX?

PAUIX has higher volatility (2.24%) compared to GIPIX (2.18%). In terms of maximum drawdown, GIPIX dropped -29.46% vs PAUIX's -26.84%.

Which has better risk-adjusted returns?

PAUIX currently has the higher Sharpe Ratio (2.88 vs 2.34), 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.