MDIIX vs. PZRIX
MDIIX (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, MDIIX returned 9.93%/yr vs 10.42%/yr for PZRIX. Their correlation of 0.92 suggests significant overlap in exposure. MDIIX charges 0.35%/yr vs 0.00%/yr for PZRIX.
Performance
MDIIX vs. PZRIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MDIIX having a 10.73% return and PZRIX slightly lower at 10.46%. Both investments have delivered pretty close results over the past 10 years, with MDIIX having a 9.93% annualized return and PZRIX not far ahead at 10.42%.
MDIIX
- 1D
- 0.19%
- 1M
- 2.16%
- YTD
- 10.73%
- 6M
- 10.21%
- 1Y
- 24.34%
- 3Y*
- 17.38%
- 5Y*
- 9.10%
- 10Y*
- 9.93%
PZRIX
- 1D
- 0.16%
- 1M
- -3.04%
- YTD
- 10.46%
- 6M
- 10.74%
- 1Y
- 28.45%
- 3Y*
- 19.23%
- 5Y*
- 10.07%
- 10Y*
- 10.42%
MDIIX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDIIX iShares MSCI EAFE International Index Fund | 10.73% | 31.36% | 3.36% | 18.04% | -14.33% | 10.98% | 7.68% | 21.55% | -13.62% | 24.84% |
PZRIX PIMCO RAE Global ex-US Fund | 10.46% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Correlation
The correlation between MDIIX and PZRIX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
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 4, 2016 | 0.92 |
The correlation between MDIIX and PZRIX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
MDIIX vs. PZRIX — Risk / Return Rank
MDIIX
PZRIX
MDIIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MDIIX) 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.
| MDIIX | PZRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.59 | -1.34 |
| Martin ratioReturn relative to average drawdown | 8.38 | 12.37 | -3.99 |
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Drawdowns
MDIIX vs. PZRIX - Drawdown Comparison
The maximum MDIIX drawdown since its inception was -61.26%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for MDIIX and PZRIX.
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Drawdown Indicators
| MDIIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.26% | -43.53% | -17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -8.18% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -13.81% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -30.85% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -34.34% | -43.53% | +9.19% |
Current DrawdownCurrent decline from peak | 0.00% | -4.74% | +4.74% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -8.85% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.36% | +0.67% |
Volatility
MDIIX vs. PZRIX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MDIIX) has a higher volatility of 4.78% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 3.62%. This indicates that MDIIX'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
| MDIIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 3.62% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 9.42% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.49% | 11.88% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 15.79% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 16.88% | -0.26% |
MDIIX vs. PZRIX - Expense Ratio Comparison
MDIIX has a 0.35% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Dividends
MDIIX vs. PZRIX - Dividend Comparison
MDIIX's dividend yield for the trailing twelve months is around 3.16%, less than PZRIX's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIIX iShares MSCI EAFE International Index Fund | 3.16% | 3.49% | 3.15% | 2.94% | 2.52% | 2.78% | 1.72% | 3.05% | 4.24% | 2.21% | 2.60% | 1.94% |
PZRIX PIMCO RAE Global ex-US Fund | 5.94% | 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
MDIIX and PZRIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDIIX has higher volatility (4.78%) compared to PZRIX (3.62%). In terms of maximum drawdown, MDIIX dropped -61.26% vs PZRIX's -43.53%.
PZRIX currently has the higher Sharpe Ratio (2.48 vs 1.65), 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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