GLBIX vs. PGP
GLBIX (Leuthold Global Fund) and PGP (PIMCO Global StocksPLUS & Income Fund) are both Global Allocation funds. Over the past 10 years, GLBIX returned 7.13%/yr vs 1.74%/yr for PGP. At a 0.37 correlation, their price movements are largely independent.
Performance
GLBIX vs. PGP - Performance Comparison
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Returns By Period
In the year-to-date period, GLBIX achieves a 15.78% return, which is significantly higher than PGP's -2.23% return. Over the past 10 years, GLBIX has outperformed PGP with an annualized return of 7.13%, while PGP has yielded a comparatively lower 1.74% annualized return.
GLBIX
- 1D
- 0.55%
- 1M
- 3.80%
- YTD
- 15.78%
- 6M
- 15.54%
- 1Y
- 27.34%
- 3Y*
- 13.73%
- 5Y*
- 7.68%
- 10Y*
- 7.13%
PGP
- 1D
- -0.58%
- 1M
- -0.91%
- YTD
- -2.23%
- 6M
- 0.18%
- 1Y
- 16.51%
- 3Y*
- 17.04%
- 5Y*
- 5.13%
- 10Y*
- 1.74%
GLBIX vs. PGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLBIX Leuthold Global Fund | 15.78% | 17.72% | 1.08% | 8.32% | -7.91% | 15.01% | 7.52% | 9.36% | -12.85% | 16.84% |
PGP PIMCO Global StocksPLUS & Income Fund | -2.23% | 29.92% | 15.48% | 21.33% | -29.19% | 16.38% | -6.98% | 12.73% | -15.75% | 20.95% |
Correlation
The correlation between GLBIX and PGP is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.37 |
The correlation between GLBIX and PGP shifts across timeframes, from 0.25 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLBIX vs. PGP — Risk / Return Rank
GLBIX
PGP
GLBIX vs. PGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leuthold Global Fund (GLBIX) and PIMCO Global StocksPLUS & Income Fund (PGP). 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 | PGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.24 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 1.27 | +3.09 |
| Martin ratioReturn relative to average drawdown | 15.38 | 4.50 | +10.88 |
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Drawdowns
GLBIX vs. PGP - Drawdown Comparison
The maximum GLBIX drawdown since its inception was -26.82%, smaller than the maximum PGP drawdown of -64.94%. Use the drawdown chart below to compare losses from any high point for GLBIX and PGP.
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Drawdown Indicators
| GLBIX | PGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -64.94% | +38.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -13.05% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -6.39% | -21.01% | +14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -39.87% | +23.73% |
Max Drawdown (10Y)Largest decline over 10 years | -26.82% | -64.55% | +37.73% |
Current DrawdownCurrent decline from peak | 0.00% | -6.34% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -15.96% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 3.68% | -1.87% |
Volatility
GLBIX vs. PGP - Volatility Comparison
The current volatility for Leuthold Global Fund (GLBIX) is 4.04%, while PIMCO Global StocksPLUS & Income Fund (PGP) has a volatility of 4.44%. This indicates that GLBIX experiences smaller price fluctuations and is considered to be less risky than PGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLBIX | PGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.44% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 11.44% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 13.18% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 18.46% | -9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.65% | 26.39% | -16.74% |
Dividends
GLBIX vs. PGP - Dividend Comparison
GLBIX's dividend yield for the trailing twelve months is around 8.39%, less than PGP's 9.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLBIX Leuthold Global Fund | 8.39% | 9.71% | 8.31% | 2.52% | 5.18% | 1.89% | 0.25% | 1.04% | 8.48% | 9.31% | 9.66% | 3.75% |
PGP PIMCO Global StocksPLUS & Income Fund | 9.72% | 9.07% | 10.64% | 11.04% | 11.95% | 7.65% | 9.49% | 10.13% | 12.53% | 11.44% | 14.86% | 12.14% |
Frequently Asked Questions
GLBIX and PGP have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGP has higher volatility (4.44%) compared to GLBIX (4.04%). In terms of maximum drawdown, GLBIX dropped -26.82% vs PGP's -64.94%.
GLBIX currently has the higher Sharpe Ratio (3.07 vs 1.26), 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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