IGAAX vs. PPYPX

Last updated Jul 16, 2026

IGAAX (American Funds International Growth and Income Fund Class A) and PPYPX (PIMCO RAE International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, IGAAX returned 9.27%/yr vs 8.94%/yr for PPYPX. Their correlation of 0.87 suggests significant overlap in exposure. IGAAX charges 0.91%/yr vs 0.60%/yr for PPYPX.

Performance

IGAAX vs. PPYPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds International Growth and Income Fund Class A (IGAAX) and PIMCO RAE International Fund (PPYPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGAAX achieves a 10.53% return, which is significantly lower than PPYPX's 13.80% return. Both investments have delivered pretty close results over the past 10 years, with IGAAX having a 9.27% annualized return and PPYPX not far behind at 8.94%.

IGAAX

• 1D: 0.53%
• 1M: -2.76%
• 6M: 6.27%
• YTD: 10.53%
• 1Y: 23.72%
• 3Y*: 16.54%
• 5Y*: 8.62%
• 10Y*: 9.27%

PPYPX

• 1D: 0.80%
• 1M: 0.40%
• 6M: 9.86%
• YTD: 13.80%
• 1Y: 26.00%
• 3Y*: 15.84%
• 5Y*: 9.47%
• 10Y*: 8.94%

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

IGAAX vs. PPYPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGAAX American Funds International Growth and Income Fund Class A	10.53%	35.09%	3.28%	15.25%	-15.47%	9.80%	7.78%	27.11%	-14.38%	26.08%
PPYPX PIMCO RAE International Fund	13.80%	31.34%	-1.15%	18.13%	-8.73%	10.68%	2.05%	16.43%	-15.49%	24.89%

Correlation

The correlation between IGAAX and PPYPX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.87

The correlation between IGAAX and PPYPX shifts across timeframes, from 0.73 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IGAAX vs. PPYPX — Risk / Return Rank

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

IGAAX

IGAAX Risk / Return Rank: 52
IGAAX Sharpe Ratio Rank: 54
IGAAX Sortino Ratio Rank: 53
IGAAX Omega Ratio Rank: 56
IGAAX Calmar Ratio Rank: 47
IGAAX Martin Ratio Rank: 47

PPYPX

PPYPX Risk / Return Rank: 73
PPYPX Sharpe Ratio Rank: 73
PPYPX Sortino Ratio Rank: 69
PPYPX Omega Ratio Rank: 70
PPYPX Calmar Ratio Rank: 86
PPYPX Martin Ratio Rank: 65

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.

IGAAX vs. PPYPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds International Growth and Income Fund Class A (IGAAX) and PIMCO RAE International Fund (PPYPX). 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.

	IGAAX	PPYPX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.88	-0.27
Sortino ratio: Return per unit of downside risk	2.28	2.58	-0.30
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	2.10	3.31	-1.21
Martin ratio: Return relative to average drawdown	7.73	9.75	-2.02

IGAAX vs. PPYPX - Sharpe Ratio Comparison

The current IGAAX Sharpe Ratio is 1.61, which is comparable to the PPYPX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of IGAAX and PPYPX, 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

IGAAX vs. PPYPX - Drawdown Comparison

The maximum IGAAX drawdown since its inception was -35.79%, smaller than the maximum PPYPX drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for IGAAX and PPYPX.

Drawdown Indicators

	IGAAX	PPYPX	Difference
Max Drawdown Largest peak-to-trough decline	-35.79%	-42.48%	+6.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-7.48%	-3.44%
Max Drawdown (3Y) Largest decline over 3 years	-12.60%	-14.00%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-29.90%	-35.65%	+5.75%
Max Drawdown (10Y) Largest decline over 10 years	-35.79%	-42.48%	+6.69%
Current Drawdown Current decline from peak	-2.76%	-1.46%	-1.30%
Average Drawdown Average peak-to-trough decline	-7.86%	-10.08%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.53%	+0.43%

Volatility

IGAAX vs. PPYPX - Volatility Comparison

American Funds International Growth and Income Fund Class A (IGAAX) and PIMCO RAE International Fund (PPYPX) have volatilities of 3.88% and 3.97%, 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

	IGAAX	PPYPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.97%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	9.88%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	13.17%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	19.53%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	18.69%	-2.97%

IGAAX vs. PPYPX - Expense Ratio Comparison

IGAAX has a 0.91% expense ratio, which is higher than PPYPX's 0.60% expense ratio.

Dividends

IGAAX vs. PPYPX - Dividend Comparison

IGAAX's dividend yield for the trailing twelve months is around 6.98%, more than PPYPX's 6.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGAAX American Funds International Growth and Income Fund Class A	6.98%	8.14%	3.37%	2.29%	4.00%	6.91%	1.37%	2.40%	2.81%	1.85%	2.35%	3.25%
PPYPX PIMCO RAE International Fund	6.84%	7.78%	6.57%	10.09%	7.20%	27.06%	2.23%	4.20%	5.96%	2.53%	2.41%	0.00%

Frequently Asked Questions

Can I hold both IGAAX and PPYPX in my portfolio?

IGAAX and PPYPX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGAAX or PPYPX?

PPYPX has higher volatility (3.97%) compared to IGAAX (3.88%). In terms of maximum drawdown, IGAAX dropped -35.79% vs PPYPX's -42.48%.

Which has better risk-adjusted returns?

PPYPX currently has the higher Sharpe Ratio (1.88 vs 1.61), 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.