MKAM vs. PZRMX
MKAM (MKAM ETF) and PZRMX (PIMCO Inflation Response Multi-Asset Fund) are both Diversified Portfolio funds. Over the past 3 years, MKAM returned 9.64%/yr vs 13.19%/yr for PZRMX. At a 0.36 correlation, their price movements are largely independent. MKAM charges 0.96%/yr vs 1.18%/yr for PZRMX.
Performance
MKAM vs. PZRMX - Performance Comparison
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Returns By Period
In the year-to-date period, MKAM achieves a 3.90% return, which is significantly lower than PZRMX's 4.89% return.
MKAM
- 1D
- -0.67%
- 1M
- -0.58%
- YTD
- 3.90%
- 6M
- 3.53%
- 1Y
- 12.35%
- 3Y*
- 9.64%
- 5Y*
- —
- 10Y*
- —
PZRMX
- 1D
- -0.22%
- 1M
- -1.95%
- YTD
- 4.89%
- 6M
- 4.65%
- 1Y
- 13.27%
- 3Y*
- 13.19%
- 5Y*
- 7.68%
- 10Y*
- 7.03%
MKAM vs. PZRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MKAM MKAM ETF | 3.90% | 8.07% | 12.15% | 7.69% |
PZRMX PIMCO Inflation Response Multi-Asset Fund | 4.89% | 16.18% | 12.47% | 3.57% |
Correlation
The correlation between MKAM and PZRMX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.36 |
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Return for Risk
MKAM vs. PZRMX — Risk / Return Rank
MKAM
PZRMX
MKAM vs. PZRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MKAM ETF (MKAM) and PIMCO Inflation Response Multi-Asset Fund (PZRMX). 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.
| MKAM | PZRMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.42 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 4.03 | -0.70 |
| Martin ratioReturn relative to average drawdown | 12.19 | 14.26 | -2.08 |
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Drawdowns
MKAM vs. PZRMX - Drawdown Comparison
The maximum MKAM drawdown since its inception was -5.01%, smaller than the maximum PZRMX drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for MKAM and PZRMX.
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Drawdown Indicators
| MKAM | PZRMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -19.71% | +14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -3.35% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -4.96% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.18% | — |
Current DrawdownCurrent decline from peak | -1.52% | -2.95% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -4.58% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.94% | +0.08% |
Volatility
MKAM vs. PZRMX - Volatility Comparison
MKAM ETF (MKAM) has a higher volatility of 2.40% compared to PIMCO Inflation Response Multi-Asset Fund (PZRMX) at 1.60%. This indicates that MKAM's price experiences larger fluctuations and is considered to be riskier than PZRMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKAM | PZRMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 1.60% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 4.79% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 6.05% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 8.35% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 7.55% | -1.24% |
MKAM vs. PZRMX - Expense Ratio Comparison
MKAM has a 0.96% expense ratio, which is lower than PZRMX's 1.18% expense ratio.
Dividends
MKAM vs. PZRMX - Dividend Comparison
MKAM's dividend yield for the trailing twelve months is around 2.94%, less than PZRMX's 8.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKAM MKAM ETF | 2.94% | 2.56% | 1.88% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PZRMX PIMCO Inflation Response Multi-Asset Fund | 8.36% | 2.35% | 9.84% | 0.00% | 13.86% | 11.20% | 0.54% | 2.56% | 11.15% | 6.06% | 0.16% | 2.73% |
Frequently Asked Questions
MKAM and PZRMX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKAM has higher volatility (2.40%) compared to PZRMX (1.60%). In terms of maximum drawdown, MKAM dropped -5.01% vs PZRMX's -19.71%.
PZRMX currently has the higher Sharpe Ratio (2.24 vs 1.94), 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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