PAAIX vs. SPY
Compare and contrast key facts about PIMCO All Asset Fund (PAAIX) and State Street SPDR S&P 500 ETF (SPY).
PAAIX is managed by PIMCO. It was launched on Nov 5, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PAAIX vs. SPY - Performance Comparison
Loading graphics...
PAAIX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PAAIX achieves a 2.90% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, PAAIX has underperformed SPY with an annualized return of 6.70%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PAAIX vs. SPY - Expense Ratio Comparison
PAAIX has a 1.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PAAIX vs. SPY — Risk / Return Rank
PAAIX
SPY
PAAIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO All Asset Fund (PAAIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.93 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.45 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.53 | +0.76 |
Martin ratioReturn relative to average drawdown | 9.91 | 7.30 | +2.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PAAIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.93 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.69 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.78 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.56 | +0.36 |
Correlation
The correlation between PAAIX and SPY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PAAIX vs. SPY - Dividend Comparison
PAAIX's dividend yield for the trailing twelve months is around 7.58%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PAAIX vs. SPY - Drawdown Comparison
The maximum PAAIX drawdown since its inception was -27.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PAAIX and SPY.
Loading graphics...
Drawdown Indicators
| PAAIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.59% | -55.19% | +27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -12.05% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -24.50% | +4.67% |
Max Drawdown (10Y)Largest decline over 10 years | -22.64% | -33.72% | +11.08% |
Current DrawdownCurrent decline from peak | -4.54% | -6.24% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -9.09% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.52% | -1.08% |
Volatility
PAAIX vs. SPY - Volatility Comparison
The current volatility for PIMCO All Asset Fund (PAAIX) is 2.40%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that PAAIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PAAIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 5.31% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 9.47% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 19.05% | -12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 17.06% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 17.92% | -10.12% |