MALVX vs. PKAIX

Last updated Jun 4, 2026

MALVX (BlackRock Advantage Large Cap Value Fund) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Over the past 10 years, MALVX returned 12.52%/yr vs 14.21%/yr for PKAIX. Their correlation of 0.91 suggests significant overlap in exposure. MALVX charges 0.54%/yr vs 0.40%/yr for PKAIX.

Performance

MALVX vs. PKAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Value Fund (MALVX) and PIMCO RAE US Fund (PKAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MALVX achieves a 15.75% return, which is significantly lower than PKAIX's 24.56% return. Over the past 10 years, MALVX has underperformed PKAIX with an annualized return of 12.52%, while PKAIX has yielded a comparatively higher 14.21% annualized return.

MALVX

• 1D: 0.88%
• 1M: 4.84%
• YTD: 15.75%
• 6M: 16.87%
• 1Y: 33.20%
• 3Y*: 21.10%
• 5Y*: 11.67%
• 10Y*: 12.52%

PKAIX

• 1D: 0.71%
• 1M: 7.80%
• YTD: 24.56%
• 6M: 20.98%
• 1Y: 43.47%
• 3Y*: 25.53%
• 5Y*: 15.06%
• 10Y*: 14.21%

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

MALVX vs. PKAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MALVX BlackRock Advantage Large Cap Value Fund	15.75%	18.38%	15.39%	13.74%	-8.68%	26.51%	3.91%	24.74%	-7.74%	15.82%
PKAIX PIMCO RAE US Fund	24.56%	17.19%	16.28%	17.02%	-3.36%	27.74%	3.94%	24.92%	-6.92%	16.51%

Correlation

The correlation between MALVX and PKAIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 8, 2015	0.91

The correlation between MALVX and PKAIX shifts across timeframes, from 0.80 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MALVX vs. PKAIX — Risk / Return Rank

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

MALVX

MALVX Risk / Return Rank: 92
MALVX Sharpe Ratio Rank: 93
MALVX Sortino Ratio Rank: 91
MALVX Omega Ratio Rank: 85
MALVX Calmar Ratio Rank: 93
MALVX Martin Ratio Rank: 96

PKAIX

PKAIX Risk / Return Rank: 95
PKAIX Sharpe Ratio Rank: 96
PKAIX Sortino Ratio Rank: 93
PKAIX Omega Ratio Rank: 88
PKAIX Calmar Ratio Rank: 98
PKAIX Martin Ratio Rank: 97

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.

MALVX vs. PKAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Value Fund (MALVX) and PIMCO RAE US Fund (PKAIX). 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.

	MALVX	PKAIX	Difference
Sharpe ratio: Return per unit of total volatility	3.20	3.52	-0.32
Sortino ratio: Return per unit of downside risk	4.51	4.74	-0.24
Omega ratio: Gain probability vs. loss probability	1.59	1.62	-0.04
Calmar ratio: Return relative to maximum drawdown	5.20	8.80	-3.60
Martin ratio: Return relative to average drawdown	23.77	27.00	-3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MALVX vs. PKAIX - Sharpe Ratio Comparison

The current MALVX Sharpe Ratio is 3.20, which is comparable to the PKAIX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of MALVX and PKAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MALVX	PKAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.20	3.52	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.85	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.76	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.70	-0.22

Drawdowns

MALVX vs. PKAIX - Drawdown Comparison

The maximum MALVX drawdown since its inception was -55.21%, which is greater than PKAIX's maximum drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for MALVX and PKAIX.

Drawdown Indicators

	MALVX	PKAIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.21%	-38.56%	-16.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.53%	-5.15%	-1.38%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-20.31%	+4.18%
Max Drawdown (5Y) Largest decline over 5 years	-19.73%	-20.64%	+0.91%
Max Drawdown (10Y) Largest decline over 10 years	-37.12%	-38.56%	+1.44%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.75%	-4.72%	-4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.67%	-0.24%

Volatility

MALVX vs. PKAIX - Volatility Comparison

BlackRock Advantage Large Cap Value Fund (MALVX) and PIMCO RAE US Fund (PKAIX) have volatilities of 3.07% and 3.11%, 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

	MALVX	PKAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.11%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	9.37%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	12.88%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	17.78%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	18.85%	-1.54%

MALVX vs. PKAIX - Expense Ratio Comparison

MALVX has a 0.54% expense ratio, which is higher than PKAIX's 0.40% expense ratio.

Dividends

MALVX vs. PKAIX - Dividend Comparison

MALVX's dividend yield for the trailing twelve months is around 7.97%, less than PKAIX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALVX BlackRock Advantage Large Cap Value Fund	7.97%	9.23%	14.33%	2.84%	5.96%	17.48%	1.68%	3.92%	12.95%	0.43%	1.38%	1.01%
PKAIX PIMCO RAE US Fund	11.05%	13.77%	16.77%	6.65%	8.09%	10.03%	3.20%	4.91%	6.85%	5.85%	5.33%	3.49%

Frequently Asked Questions

Can I hold both MALVX and PKAIX in my portfolio?

MALVX and PKAIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MALVX or PKAIX?

PKAIX has higher volatility (3.11%) compared to MALVX (3.07%). In terms of maximum drawdown, MALVX dropped -55.21% vs PKAIX's -38.56%.

Which has better risk-adjusted returns?

PKAIX currently has the higher Sharpe Ratio (3.52 vs 3.20), 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.