MAIIX vs. PZRIX
MAIIX (iShares MSCI EAFE International Index Fund) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, MAIIX returned 9.36%/yr vs 10.31%/yr for PZRIX. Their correlation of 0.92 suggests significant overlap in exposure. MAIIX charges 0.09%/yr vs 0.00%/yr for PZRIX.
Performance
MAIIX vs. PZRIX - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 9.66% return, which is significantly lower than PZRIX's 15.07% return. Over the past 10 years, MAIIX has underperformed PZRIX with an annualized return of 9.36%, while PZRIX has yielded a comparatively higher 10.31% annualized return.
MAIIX
- 1D
- 0.38%
- 1M
- 4.17%
- YTD
- 9.66%
- 6M
- 12.02%
- 1Y
- 22.42%
- 3Y*
- 17.16%
- 5Y*
- 8.87%
- 10Y*
- 9.36%
PZRIX
- 1D
- 0.31%
- 1M
- 2.37%
- YTD
- 15.07%
- 6M
- 17.95%
- 1Y
- 34.46%
- 3Y*
- 21.22%
- 5Y*
- 10.30%
- 10Y*
- 10.31%
MAIIX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 9.66% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
PZRIX PIMCO RAE Global ex-US Fund | 15.07% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Correlation
The correlation between MAIIX and PZRIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.92 |
The correlation between MAIIX and PZRIX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
MAIIX vs. PZRIX — Risk / Return Rank
MAIIX
PZRIX
MAIIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) 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.
| MAIIX | PZRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.53 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.17 | -2.26 |
| Martin ratioReturn relative to average drawdown | 7.14 | 15.05 | -7.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAIIX | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.96 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.66 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.61 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.61 | -0.30 |
Drawdowns
MAIIX vs. PZRIX - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for MAIIX and PZRIX.
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Drawdown Indicators
| MAIIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -43.53% | -17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -8.18% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.81% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -30.85% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -43.53% | +9.52% |
Current DrawdownCurrent decline from peak | -0.38% | -0.76% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -8.89% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.26% | +0.76% |
Volatility
MAIIX vs. PZRIX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MAIIX) has a higher volatility of 4.72% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 3.09%. This indicates that MAIIX'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.
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Volatility by Period
| MAIIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 3.09% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 8.89% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 11.54% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 15.78% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 16.94% | -0.29% |
MAIIX vs. PZRIX - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is higher than PZRIX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MAIIX vs. PZRIX - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.38%, less than PZRIX's 5.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 3.38% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
PZRIX PIMCO RAE Global ex-US Fund | 5.70% | 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
MAIIX and PZRIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIIX has higher volatility (4.72%) compared to PZRIX (3.09%). In terms of maximum drawdown, MAIIX dropped -61.05% vs PZRIX's -43.53%.
PZRIX currently has the higher Sharpe Ratio (2.96 vs 1.43), 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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