GLBIX vs. PGAIX
GLBIX (Leuthold Global Fund) and PGAIX (PIMCO Global Core Asset Allocation Fund) are both Global Allocation funds. Over the past 10 years, GLBIX returned 6.37%/yr vs 8.90%/yr for PGAIX. Their correlation of 0.83 means they have usually moved in the same direction. GLBIX charges 1.57%/yr vs 1.00%/yr for PGAIX.
Performance
GLBIX vs. PGAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GLBIX having a 12.61% return and PGAIX slightly lower at 12.09%. Over the past 10 years, GLBIX has underperformed PGAIX with an annualized return of 6.37%, while PGAIX has yielded a comparatively higher 8.90% annualized return.
GLBIX
- 1D
- 1.82%
- 1M
- -0.09%
- 6M
- 7.16%
- YTD
- 12.61%
- 1Y
- 21.40%
- 3Y*
- 11.26%
- 5Y*
- 6.67%
- 10Y*
- 6.37%
- ALL TIME*
- 7.33%
PGAIX
- 1D
- 0.66%
- 1M
- -0.16%
- 6M
- 7.64%
- YTD
- 12.09%
- 1Y
- 24.27%
- 3Y*
- 16.84%
- 5Y*
- 8.24%
- 10Y*
- 8.90%
- ALL TIME*
- 7.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GLBIX Leuthold Global Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GLBIX vs. PGAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLBIX Leuthold Global Fund | 12.61% | 17.72% | 1.08% | 8.32% | -7.91% | 15.01% | 7.52% | 9.36% | -12.85% | 16.84% |
PGAIX PIMCO Global Core Asset Allocation Fund | 12.09% | 20.68% | 14.76% | 12.48% | -17.38% | 11.35% | 14.57% | 15.29% | -5.15% | 14.78% |
Correlation
The correlation between GLBIX and PGAIX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.83 |
The correlation between GLBIX and PGAIX has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
GLBIX vs. PGAIX — Risk / Return Rank
GLBIX
PGAIX
GLBIX vs. PGAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leuthold Global Fund (GLBIX) 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.
| GLBIX | PGAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.54 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.24 | +0.08 |
| Martin ratioReturn relative to average drawdown | 10.83 | 13.62 | -2.79 |
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Drawdowns
GLBIX vs. PGAIX - Drawdown Comparison
The maximum GLBIX drawdown since its inception was -26.82%, roughly equal to the maximum PGAIX drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for GLBIX and PGAIX.
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Drawdown Indicators
| GLBIX | PGAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -26.75% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -7.29% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.39% | -10.71% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -22.49% | +6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -26.82% | -26.75% | -0.07% |
Current DrawdownCurrent decline from peak | -2.74% | -0.86% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -4.64% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.73% | +0.23% |
Volatility
GLBIX vs. PGAIX - Volatility Comparison
Leuthold Global Fund (GLBIX) has a higher volatility of 3.75% compared to PIMCO Global Core Asset Allocation Fund (PGAIX) at 2.15%. This indicates that GLBIX's price experiences larger fluctuations and is considered to be riskier than PGAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLBIX | PGAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 2.15% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 7.29% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 8.54% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 9.82% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.60% | 10.20% | -0.60% |
GLBIX vs. PGAIX - Expense Ratio Comparison
GLBIX has a 1.57% expense ratio, which is higher than PGAIX's 1.00% expense ratio.
Dividends
GLBIX vs. PGAIX - Dividend Comparison
GLBIX's dividend yield for the trailing twelve months is around 8.63%, more than PGAIX's 7.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLBIX Leuthold Global Fund | 8.63% | 9.71% | 8.31% | 2.52% | 5.18% | 1.89% | 0.25% | 1.04% | 8.48% | 9.31% | 9.66% | 3.75% |
PGAIX PIMCO Global Core Asset Allocation Fund | 7.40% | 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
GLBIX and PGAIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLBIX has higher volatility (3.75%) compared to PGAIX (2.15%). In terms of maximum drawdown, GLBIX dropped -26.82% vs PGAIX's -26.75%.
PGAIX currently has the higher Sharpe Ratio (2.77 vs 2.16), 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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