PAIIX vs. JPST
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and JPMorgan Ultra-Short Income ETF (JPST).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAIIX or JPST.
Performance
PAIIX vs. JPST - Performance Comparison
Returns By Period
In the year-to-date period, PAIIX achieves a 3.43% return, which is significantly lower than JPST's 5.06% return.
PAIIX
3.43%
0.23%
2.75%
7.46%
0.61%
1.65%
JPST
5.06%
0.31%
2.81%
5.98%
2.76%
N/A
Key characteristics
| PAIIX | JPST | |
|---|---|---|
| Sharpe Ratio | 2.38 | 11.34 |
| Sortino Ratio | 3.60 | 27.78 |
| Omega Ratio | 1.49 | 6.21 |
| Calmar Ratio | 0.65 | 60.45 |
| Martin Ratio | 10.46 | 347.89 |
| Ulcer Index | 0.71% | 0.02% |
| Daily Std Dev | 3.14% | 0.53% |
| Max Drawdown | -14.76% | -3.28% |
| Current Drawdown | -4.59% | 0.00% |
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PAIIX vs. JPST - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than JPST's 0.18% expense ratio.
Correlation
The correlation between PAIIX and JPST is 0.32, 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. JPST - 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 JPMorgan Ultra-Short Income ETF (JPST). 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. JPST - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 3.44%, less than JPST's 5.26% 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% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAIIX vs. JPST - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -14.76%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for PAIIX and JPST. For additional features, visit the drawdowns tool.
Volatility
PAIIX vs. JPST - Volatility Comparison
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a higher volatility of 0.67% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that PAIIX's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.