PAIIX vs. CCRV
PAIIX (PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both funds - PAIIX is a Global Bonds fund managed by PIMCO, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. At a correlation of -0.02, they often move in opposite directions. PAIIX charges 0.90%/yr vs 0.40%/yr for CCRV.
Performance
PAIIX vs. CCRV - Performance Comparison
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Returns By Period
PAIIX
- 1D
- 0.10%
- 1M
- 1.22%
- YTD
- -0.29%
- 6M
- -0.29%
- 1Y
- 4.73%
- 3Y*
- 5.55%
- 5Y*
- 2.32%
- 10Y*
- 2.91%
CCRV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAIIX vs. CCRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -0.29% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 2.61% |
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
Correlation
The correlation between PAIIX and CCRV is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | -0.02 |
The correlation between PAIIX and CCRV shifts across timeframes, from -0.16 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAIIX vs. CCRV — Risk / Return Rank
PAIIX
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAIIX vs. CCRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.
| PAIIX | CCRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | — | — |
| Martin ratioReturn relative to average drawdown | 3.57 | — | — |
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Drawdowns
PAIIX vs. CCRV - Drawdown Comparison
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Drawdown Indicators
| PAIIX | CCRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.99% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | — | — |
Volatility
PAIIX vs. CCRV - Volatility Comparison
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Volatility by Period
| PAIIX | CCRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | — | — |
PAIIX vs. CCRV - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than CCRV's 0.40% expense ratio.
Dividends
PAIIX vs. CCRV - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 4.67%, while CCRV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.67% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
Frequently Asked Questions
PAIIX and CCRV have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PAIIX and CCRV
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