PAAIX vs. ABRYX
Compare and contrast key facts about PIMCO All Asset Fund (PAAIX) and Invesco Balanced-Risk Allocation Fund (ABRYX).
PAAIX is managed by PIMCO. It was launched on Nov 5, 2002. ABRYX is managed by Invesco. It was launched on Jun 1, 2009.
Performance
PAAIX vs. ABRYX - Performance Comparison
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PAAIX vs. ABRYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 2.90% | 13.20% | 4.12% | 8.19% | -11.52% | 15.61% | 8.38% | 12.21% | -4.97% | 13.99% |
ABRYX Invesco Balanced-Risk Allocation Fund | 11.77% | 8.50% | 3.34% | 6.34% | -14.82% | 9.65% | 9.50% | 9.76% | -6.73% | 9.97% |
Returns By Period
In the year-to-date period, PAAIX achieves a 2.90% return, which is significantly lower than ABRYX's 11.77% return. Over the past 10 years, PAAIX has outperformed ABRYX with an annualized return of 6.70%, while ABRYX has yielded a comparatively lower 4.93% annualized return.
PAAIX
- 1D
- 0.34%
- 1M
- -4.54%
- YTD
- 2.90%
- 6M
- 5.80%
- 1Y
- 14.16%
- 3Y*
- 8.11%
- 5Y*
- 4.79%
- 10Y*
- 6.70%
ABRYX
- 1D
- 0.97%
- 1M
- -0.95%
- YTD
- 11.77%
- 6M
- 13.89%
- 1Y
- 19.48%
- 3Y*
- 9.06%
- 5Y*
- 4.26%
- 10Y*
- 4.93%
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PAAIX vs. ABRYX - Expense Ratio Comparison
PAAIX has a 1.40% expense ratio, which is higher than ABRYX's 1.06% expense ratio.
Return for Risk
PAAIX vs. ABRYX — Risk / Return Rank
PAAIX
ABRYX
PAAIX vs. ABRYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO All Asset Fund (PAAIX) and Invesco Balanced-Risk Allocation Fund (ABRYX). 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.
| PAAIX | ABRYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 2.05 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.67 | 2.65 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.70 | -0.42 |
Martin ratioReturn relative to average drawdown | 9.91 | 10.71 | -0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAAIX | ABRYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.05 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.35 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.46 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.61 | +0.31 |
Correlation
The correlation between PAAIX and ABRYX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PAAIX vs. ABRYX - Dividend Comparison
PAAIX's dividend yield for the trailing twelve months is around 7.58%, more than ABRYX's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 7.58% | 7.12% | 5.92% | 3.20% | 7.68% | 11.90% | 3.56% | 3.33% | 5.50% | 4.48% | 3.60% | 3.93% |
ABRYX Invesco Balanced-Risk Allocation Fund | 3.17% | 3.55% | 13.21% | 2.43% | 0.00% | 25.72% | 1.40% | 6.66% | 0.00% | 6.34% | 4.36% | 7.17% |
Drawdowns
PAAIX vs. ABRYX - Drawdown Comparison
The maximum PAAIX drawdown since its inception was -27.59%, roughly equal to the maximum ABRYX drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for PAAIX and ABRYX.
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Drawdown Indicators
| PAAIX | ABRYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.59% | -26.63% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -6.93% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -19.17% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -22.64% | -26.63% | +3.99% |
Current DrawdownCurrent decline from peak | -4.54% | -2.39% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -4.68% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.75% | -0.31% |
Volatility
PAAIX vs. ABRYX - Volatility Comparison
The current volatility for PIMCO All Asset Fund (PAAIX) is 2.40%, while Invesco Balanced-Risk Allocation Fund (ABRYX) has a volatility of 4.01%. This indicates that PAAIX experiences smaller price fluctuations and is considered to be less risky than ABRYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAIX | ABRYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 4.01% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 7.55% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 9.37% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 12.13% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 10.88% | -3.08% |