PAIIX vs. CGBL
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and Capital Group Core Balanced ETF (CGBL).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. CGBL is an actively managed fund by Capital Group. It was launched on Sep 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAIIX or CGBL.
Performance
PAIIX vs. CGBL - Performance Comparison
Returns By Period
In the year-to-date period, PAIIX achieves a 3.43% return, which is significantly lower than CGBL's 17.18% return.
PAIIX
3.43%
0.23%
2.75%
7.46%
0.61%
1.65%
CGBL
17.18%
0.99%
9.06%
23.77%
N/A
N/A
Key characteristics
| PAIIX | CGBL | |
|---|---|---|
| Sharpe Ratio | 2.38 | 2.54 |
| Sortino Ratio | 3.60 | 3.53 |
| Omega Ratio | 1.49 | 1.47 |
| Calmar Ratio | 0.65 | 4.02 |
| Martin Ratio | 10.46 | 16.66 |
| Ulcer Index | 0.71% | 1.43% |
| Daily Std Dev | 3.14% | 9.39% |
| Max Drawdown | -14.76% | -5.93% |
| Current Drawdown | -4.59% | -1.16% |
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PAIIX vs. CGBL - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than CGBL's 0.33% expense ratio.
Correlation
The correlation between PAIIX and CGBL is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
PAIIX vs. CGBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and Capital Group Core Balanced ETF (CGBL). 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.
Dividends
PAIIX vs. CGBL - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 3.44%, more than CGBL's 1.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 3.44% | 2.25% | 1.65% | 1.03% | 1.53% | 3.76% | 1.79% | 2.09% | 2.25% | 4.19% | 6.38% | 1.72% |
CGBL Capital Group Core Balanced ETF | 1.67% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAIIX vs. CGBL - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -14.76%, which is greater than CGBL's maximum drawdown of -5.93%. Use the drawdown chart below to compare losses from any high point for PAIIX and CGBL. For additional features, visit the drawdowns tool.
Volatility
PAIIX vs. CGBL - Volatility Comparison
The current volatility for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) is 0.67%, while Capital Group Core Balanced ETF (CGBL) has a volatility of 2.81%. This indicates that PAIIX experiences smaller price fluctuations and is considered to be less risky than CGBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.