PAAIX vs. ^DWCF
PAAIX (PIMCO All Asset Fund) is Tactical Allocation fund managed by PIMCO, while ^DWCF (Dow Jones U.S. Total Stock Market Index) is an index. Over the past 10 years, PAAIX returned 7.08%/yr vs 13.28%/yr for ^DWCF. At a 0.49 correlation, their price movements are largely independent.
Performance
PAAIX vs. ^DWCF - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PAAIX having a 8.69% return and ^DWCF slightly lower at 8.30%. Over the past 10 years, PAAIX has underperformed ^DWCF with an annualized return of 7.08%, while ^DWCF has yielded a comparatively higher 13.28% annualized return.
PAAIX
- 1D
- 0.08%
- 1M
- 0.31%
- YTD
- 8.69%
- 6M
- 8.86%
- 1Y
- 18.11%
- 3Y*
- 10.14%
- 5Y*
- 4.73%
- 10Y*
- 7.08%
^DWCF
- 1D
- -1.37%
- 1M
- -0.92%
- YTD
- 8.30%
- 6M
- 7.15%
- 1Y
- 22.74%
- 3Y*
- 19.07%
- 5Y*
- 10.36%
- 10Y*
- 13.28%
PAAIX vs. ^DWCF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 8.69% | 13.20% | 4.12% | 8.19% | -11.52% | 15.61% | 8.38% | 12.21% | -4.97% | 13.99% |
^DWCF Dow Jones U.S. Total Stock Market Index | 8.30% | 15.59% | 22.21% | 24.06% | -20.80% | 24.01% | 18.72% | 28.42% | -7.04% | 18.89% |
Correlation
The correlation between PAAIX and ^DWCF is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2002 | 0.49 |
The correlation between PAAIX and ^DWCF shifts across timeframes, from 0.49 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PAAIX vs. ^DWCF — Risk / Return Rank
PAAIX
^DWCF
PAAIX vs. ^DWCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO All Asset Fund (PAAIX) and Dow Jones U.S. Total Stock Market Index (^DWCF). 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.
| PAAIX | ^DWCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.32 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 2.50 | +1.31 |
| Martin ratioReturn relative to average drawdown | 15.22 | 11.00 | +4.22 |
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Drawdowns
PAAIX vs. ^DWCF - Drawdown Comparison
The maximum PAAIX drawdown since its inception was -27.59%, smaller than the maximum ^DWCF drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for PAAIX and ^DWCF.
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Drawdown Indicators
| PAAIX | ^DWCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.59% | -56.81% | +29.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.87% | -9.12% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.59% | -19.59% | +12.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -26.31% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -22.64% | -35.14% | +12.50% |
Current DrawdownCurrent decline from peak | -0.90% | -2.90% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -11.08% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.07% | -0.85% |
Volatility
PAAIX vs. ^DWCF - Volatility Comparison
The current volatility for PIMCO All Asset Fund (PAAIX) is 1.94%, while Dow Jones U.S. Total Stock Market Index (^DWCF) has a volatility of 5.00%. This indicates that PAAIX experiences smaller price fluctuations and is considered to be less risky than ^DWCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAIX | ^DWCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 5.00% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.80% | 10.17% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 12.96% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 17.54% | -9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.78% | 18.48% | -10.70% |
Frequently Asked Questions
PAAIX and ^DWCF have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^DWCF has higher volatility (5.00%) compared to PAAIX (1.94%). In terms of maximum drawdown, PAAIX dropped -27.59% vs ^DWCF's -56.81%.
PAAIX currently has the higher Sharpe Ratio (3.05 vs 1.77), 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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