GOGIX vs. PZRIX

Last updated Aug 4, 2026

GOGIX (John Hancock Funds International Growth Fund) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, GOGIX returned 9.58%/yr vs 10.16%/yr for PZRIX. Their correlation of 0.81 means they have usually moved in the same direction. GOGIX charges 0.99%/yr vs 0.00%/yr for PZRIX.

Performance

GOGIX vs. PZRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds International Growth Fund (GOGIX) and PIMCO RAE Global ex-US Fund (PZRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOGIX achieves a 9.56% return, which is significantly lower than PZRIX's 15.51% return. Over the past 10 years, GOGIX has underperformed PZRIX with an annualized return of 9.58%, while PZRIX has yielded a comparatively higher 10.16% annualized return.

GOGIX

• 1D: 0.31%
• 1M: -2.66%
• 6M: 2.75%
• YTD: 9.56%
• 1Y: 20.46%
• 3Y*: 16.59%
• 5Y*: 5.41%
• 10Y*: 9.58%
• ALL TIME*: 6.94%

PZRIX

• 1D: -0.61%
• 1M: 4.83%
• 6M: 6.72%
• YTD: 15.51%
• 1Y: 31.65%
• 3Y*: 18.48%
• 5Y*: 11.32%
• 10Y*: 10.16%
• ALL TIME*: 10.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOGIX John Hancock Funds International Growth Fund	$0.00	$0.00	$0.00
PZRIX PIMCO RAE Global ex-US Fund	$0.00	$0.00	$0.00

GOGIX vs. PZRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOGIX John Hancock Funds International Growth Fund	9.56%	29.79%	10.70%	12.93%	-26.80%	9.67%	22.44%	27.85%	-12.06%	36.67%
PZRIX PIMCO RAE Global ex-US Fund	15.51%	34.05%	3.29%	19.31%	-9.11%	12.08%	1.74%	15.94%	-14.93%	26.00%

Correlation

The correlation between GOGIX and PZRIX is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.81

The correlation between GOGIX and PZRIX shifts across timeframes, from 0.68 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GOGIX vs. PZRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOGIX

GOGIX Risk / Return Rank: 28
GOGIX Sharpe Ratio Rank: 25
GOGIX Sortino Ratio Rank: 25
GOGIX Omega Ratio Rank: 27
GOGIX Calmar Ratio Rank: 30
GOGIX Martin Ratio Rank: 33

PZRIX

PZRIX Risk / Return Rank: 92
PZRIX Sharpe Ratio Rank: 96
PZRIX Sortino Ratio Rank: 93
PZRIX Omega Ratio Rank: 91
PZRIX Calmar Ratio Rank: 93
PZRIX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOGIX vs. PZRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds International Growth Fund (GOGIX) 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.

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.

	GOGIX	PZRIX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.72	-1.75
Sortino ratio: Return per unit of downside risk	1.43	3.69	-2.27
Omega ratio: Gain probability vs. loss probability	1.19	1.49	-0.30
Calmar ratio: Return relative to maximum drawdown	1.44	3.95	-2.51
Martin ratio: Return relative to average drawdown	5.16	11.98	-6.82

GOGIX vs. PZRIX - Sharpe Ratio Comparison

The current GOGIX Sharpe Ratio is 0.96, which is lower than the PZRIX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of GOGIX and PZRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOGIX vs. PZRIX - Drawdown Comparison

The maximum GOGIX drawdown since its inception was -54.30%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for GOGIX and PZRIX.

Drawdown Indicators

	GOGIX	PZRIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.30%	-43.53%	-10.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.70%	-8.18%	-5.52%
Max Drawdown (3Y) Largest decline over 3 years	-13.70%	-13.81%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-38.22%	-30.85%	-7.37%
Max Drawdown (10Y) Largest decline over 10 years	-38.22%	-43.53%	+5.31%
Current Drawdown Current decline from peak	-6.65%	-0.61%	-6.04%
Average Drawdown Average peak-to-trough decline	-12.11%	-8.80%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	2.69%	+1.13%

Volatility

GOGIX vs. PZRIX - Volatility Comparison

John Hancock Funds International Growth Fund (GOGIX) has a higher volatility of 7.39% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 3.30%. This indicates that GOGIX'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.

Volatility by Period

	GOGIX	PZRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	3.30%	+4.09%
Volatility (6M) Calculated over the trailing 6-month period	18.60%	9.66%	+8.94%
Volatility (1Y) Calculated over the trailing 1-year period	20.55%	11.96%	+8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	15.72%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	16.64%	+0.57%

GOGIX vs. PZRIX - Expense Ratio Comparison

GOGIX has a 0.99% expense ratio, which is higher than PZRIX's 0.00% expense ratio.

Dividends

GOGIX vs. PZRIX - Dividend Comparison

GOGIX's dividend yield for the trailing twelve months is around 0.08%, less than PZRIX's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOGIX John Hancock Funds International Growth Fund	0.08%	0.08%	0.78%	2.66%	13.68%	15.35%	0.21%	0.67%	2.90%	0.49%	0.94%	0.43%
PZRIX PIMCO RAE Global ex-US Fund	5.68%	6.56%	6.70%	9.19%	8.80%	11.99%	2.04%	6.32%	2.80%	4.13%	2.58%	0.00%

Frequently Asked Questions

Can I hold both GOGIX and PZRIX in my portfolio?

GOGIX and PZRIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOGIX or PZRIX?

GOGIX has higher volatility (7.39%) compared to PZRIX (3.30%). In terms of maximum drawdown, GOGIX dropped -54.30% vs PZRIX's -43.53%.

Which has better risk-adjusted returns?

PZRIX currently has the higher Sharpe Ratio (2.72 vs 0.96), 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.