MKAM vs. PZRMX

Last updated Apr 1, 2026

Compare and contrast key facts about MKAM ETF (MKAM) and PIMCO Inflation Response Multi-Asset Fund (PZRMX).

MKAM is an actively managed fund by MKAM. It was launched on Apr 11, 2023. PZRMX is managed by PIMCO. It was launched on Aug 31, 2001.

Performance

MKAM vs. PZRMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MKAM ETF (MKAM) and PIMCO Inflation Response Multi-Asset Fund (PZRMX). The values are adjusted to include any dividend payments, if applicable.

MKAM vs. PZRMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MKAM MKAM ETF	-1.48%	8.07%	12.15%	8.23%
PZRMX PIMCO Inflation Response Multi-Asset Fund	2.77%	16.18%	12.47%	3.29%

Returns By Period

In the year-to-date period, MKAM achieves a -1.48% return, which is significantly lower than PZRMX's 2.77% return.

MKAM

• 1D: 0.94%
• 1M: -1.85%
• YTD: -1.48%
• 6M: 0.34%
• 1Y: 7.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PZRMX

• 1D: 0.65%
• 1M: -2.62%
• YTD: 2.77%
• 6M: 5.17%
• 1Y: 12.48%
• 3Y*: 12.02%
• 5Y*: 8.51%
• 10Y*: 7.17%

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

MKAM vs. PZRMX - Expense Ratio Comparison

MKAM has a 0.96% expense ratio, which is lower than PZRMX's 1.18% expense ratio.

PZRMX

PIMCO Inflation Response Multi-Asset Fund

MKAM

MKAM ETF

Return for Risk

MKAM vs. PZRMX — Risk / Return Rank

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

MKAM

MKAM Risk / Return Rank: 68
MKAM Sharpe Ratio Rank: 69
MKAM Sortino Ratio Rank: 66
MKAM Omega Ratio Rank: 62
MKAM Calmar Ratio Rank: 75
MKAM Martin Ratio Rank: 68

PZRMX

PZRMX Risk / Return Rank: 91
PZRMX Sharpe Ratio Rank: 92
PZRMX Sortino Ratio Rank: 91
PZRMX Omega Ratio Rank: 87
PZRMX Calmar Ratio Rank: 92
PZRMX Martin Ratio Rank: 95

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.

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.

	MKAM	PZRMX	Difference
Sharpe ratio Return per unit of total volatility	1.23	1.95	-0.72
Sortino ratio Return per unit of downside risk	1.71	2.60	-0.89
Omega ratio Gain probability vs. loss probability	1.24	1.37	-0.13
Calmar ratio Return relative to maximum drawdown	2.02	2.78	-0.77
Martin ratio Return relative to average drawdown	7.08	12.67	-5.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MKAM vs. PZRMX - Sharpe Ratio Comparison

The current MKAM Sharpe Ratio is 1.23, which is lower than the PZRMX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of MKAM and PZRMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MKAM	PZRMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.95	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.65	+0.79

Correlation

The correlation between MKAM and PZRMX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MKAM vs. PZRMX - Dividend Comparison

MKAM's dividend yield for the trailing twelve months is around 3.10%, more than PZRMX's 2.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MKAM MKAM ETF	3.10%	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	2.29%	2.35%	9.84%	0.00%	13.86%	11.20%	0.54%	2.56%	11.15%	6.06%	0.16%	2.73%

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.

Drawdown Indicators

	MKAM	PZRMX	Difference
Max Drawdown Largest peak-to-trough decline	-5.01%	-19.71%	+14.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.72%	-4.96%	+1.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.18%	—
Current Drawdown Current decline from peak	-2.82%	-2.72%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.17%	-4.64%	+3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.09%	-0.03%

Volatility

MKAM vs. PZRMX - Volatility Comparison

The current volatility for MKAM ETF (MKAM) is 1.96%, while PIMCO Inflation Response Multi-Asset Fund (PZRMX) has a volatility of 2.33%. This indicates that MKAM experiences smaller price fluctuations and is considered to be less risky than PZRMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKAM	PZRMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	2.33%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	5.05%	4.73%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	6.06%	6.81%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	8.38%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.28%	7.56%	-1.28%