OAZMX vs. PXTIX

Last updated Jun 4, 2026

OAZMX (Oakmark Fund R6 Class) and PXTIX (PIMCO RAE PLUS Fund) are both Large Cap Value Equities funds. Over the past 5 years, OAZMX returned 9.65%/yr vs 13.87%/yr for PXTIX. Their correlation of 0.85 suggests significant overlap in exposure. OAZMX charges 0.62%/yr vs 0.80%/yr for PXTIX.

Performance

OAZMX vs. PXTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark Fund R6 Class (OAZMX) and PIMCO RAE PLUS Fund (PXTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAZMX achieves a -0.81% return, which is significantly lower than PXTIX's 20.74% return.

OAZMX

• 1D: -0.79%
• 1M: -0.36%
• YTD: -0.81%
• 6M: 2.24%
• 1Y: 11.77%
• 3Y*: 15.35%
• 5Y*: 9.65%
• 10Y*: —

PXTIX

• 1D: 0.66%
• 1M: 6.88%
• YTD: 20.74%
• 6M: 19.51%
• 1Y: 42.47%
• 3Y*: 26.33%
• 5Y*: 13.87%
• 10Y*: 14.50%

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

OAZMX vs. PXTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OAZMX Oakmark Fund R6 Class	-0.81%	14.45%	16.33%	31.29%	-13.16%	34.59%	1.81%
PXTIX PIMCO RAE PLUS Fund	20.74%	20.59%	17.25%	18.55%	-8.62%	27.45%	1.29%

Correlation

The correlation between OAZMX and PXTIX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020	0.85

The correlation between OAZMX and PXTIX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

OAZMX vs. PXTIX — Risk / Return Rank

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

OAZMX

OAZMX Risk / Return Rank: 16
OAZMX Sharpe Ratio Rank: 13
OAZMX Sortino Ratio Rank: 13
OAZMX Omega Ratio Rank: 12
OAZMX Calmar Ratio Rank: 24
OAZMX Martin Ratio Rank: 17

PXTIX

PXTIX Risk / Return Rank: 93
PXTIX Sharpe Ratio Rank: 95
PXTIX Sortino Ratio Rank: 92
PXTIX Omega Ratio Rank: 87
PXTIX Calmar Ratio Rank: 97
PXTIX Martin Ratio Rank: 96

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.

OAZMX vs. PXTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Fund R6 Class (OAZMX) and PIMCO RAE PLUS Fund (PXTIX). 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.

	OAZMX	PXTIX	Difference
Sharpe ratio: Return per unit of total volatility	0.97	3.39	-2.42
Sortino ratio: Return per unit of downside risk	1.47	4.64	-3.17
Omega ratio: Gain probability vs. loss probability	1.18	1.60	-0.42
Calmar ratio: Return relative to maximum drawdown	1.82	7.05	-5.22
Martin ratio: Return relative to average drawdown	4.70	24.20	-19.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAZMX vs. PXTIX - Sharpe Ratio Comparison

The current OAZMX Sharpe Ratio is 0.97, which is lower than the PXTIX Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of OAZMX and PXTIX, 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

	OAZMX	PXTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	3.39	-2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.80	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.63	+0.16

Drawdowns

OAZMX vs. PXTIX - Drawdown Comparison

The maximum OAZMX drawdown since its inception was -23.54%, smaller than the maximum PXTIX drawdown of -59.22%. Use the drawdown chart below to compare losses from any high point for OAZMX and PXTIX.

Drawdown Indicators

	OAZMX	PXTIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.54%	-59.22%	+35.68%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-6.30%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-17.01%	-19.08%	+2.07%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-22.90%	-0.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.16%	—
Current Drawdown Current decline from peak	-3.36%	0.00%	-3.36%
Average Drawdown Average peak-to-trough decline	-4.73%	-6.13%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	1.83%	+0.85%

Volatility

OAZMX vs. PXTIX - Volatility Comparison

Oakmark Fund R6 Class (OAZMX) and PIMCO RAE PLUS Fund (PXTIX) have volatilities of 2.93% and 3.05%, 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

	OAZMX	PXTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.05%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	9.28%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	13.10%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	17.46%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	19.37%	-1.18%

OAZMX vs. PXTIX - Expense Ratio Comparison

OAZMX has a 0.62% expense ratio, which is lower than PXTIX's 0.80% expense ratio.

Dividends

OAZMX vs. PXTIX - Dividend Comparison

OAZMX's dividend yield for the trailing twelve months is around 1.21%, less than PXTIX's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OAZMX Oakmark Fund R6 Class	1.21%	1.20%	1.38%	1.26%	1.22%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXTIX PIMCO RAE PLUS Fund	4.90%	6.65%	12.78%	2.58%	19.25%	17.53%	7.42%	15.90%	14.04%	7.34%	0.00%	6.60%

Frequently Asked Questions

Can I hold both OAZMX and PXTIX in my portfolio?

OAZMX and PXTIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAZMX or PXTIX?

PXTIX has higher volatility (3.05%) compared to OAZMX (2.93%). In terms of maximum drawdown, OAZMX dropped -23.54% vs PXTIX's -59.22%.

Which has better risk-adjusted returns?

PXTIX currently has the higher Sharpe Ratio (3.39 vs 0.97), 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.