PAIIX vs. MGK
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and Vanguard Mega Cap Growth ETF (MGK).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. MGK is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Growth Index. It was launched on Dec 17, 2007.
Performance
PAIIX vs. MGK - Performance Comparison
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PAIIX vs. MGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -2.53% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
MGK Vanguard Mega Cap Growth ETF | -9.86% | 20.67% | 32.94% | 51.67% | -33.59% | 28.58% | 41.01% | 37.38% | -2.91% | 29.49% |
Returns By Period
In the year-to-date period, PAIIX achieves a -2.53% return, which is significantly higher than MGK's -9.86% return. Over the past 10 years, PAIIX has underperformed MGK with an annualized return of 2.83%, while MGK has yielded a comparatively higher 16.97% annualized return.
PAIIX
- 1D
- 0.42%
- 1M
- -2.85%
- YTD
- -2.53%
- 6M
- -1.27%
- 1Y
- 2.81%
- 3Y*
- 4.73%
- 5Y*
- 1.83%
- 10Y*
- 2.83%
MGK
- 1D
- 1.17%
- 1M
- -4.13%
- YTD
- -9.86%
- 6M
- -7.94%
- 1Y
- 19.83%
- 3Y*
- 22.59%
- 5Y*
- 12.64%
- 10Y*
- 16.97%
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PAIIX vs. MGK - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than MGK's 0.05% expense ratio.
Return for Risk
PAIIX vs. MGK — Risk / Return Rank
PAIIX
MGK
PAIIX vs. MGK - 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 Vanguard Mega Cap Growth ETF (MGK). 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.
| PAIIX | MGK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.85 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.39 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.23 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.60 | 4.27 | -0.67 |
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
| PAIIX | MGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.85 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.56 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.78 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.60 | +0.49 |
Correlation
The correlation between PAIIX and MGK is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PAIIX vs. MGK - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 4.33%, more than MGK's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.33% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
MGK Vanguard Mega Cap Growth ETF | 0.39% | 0.35% | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% |
Drawdowns
PAIIX vs. MGK - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -13.59%, smaller than the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for PAIIX and MGK.
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Drawdown Indicators
| PAIIX | MGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -47.97% | +34.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -16.85% | +12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -9.91% | -36.01% | +26.10% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -36.01% | +25.57% |
Current DrawdownCurrent decline from peak | -3.44% | -12.56% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -7.51% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 4.87% | -3.87% |
Volatility
PAIIX vs. MGK - Volatility Comparison
The current volatility for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) is 2.26%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 7.13%. This indicates that PAIIX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAIIX | MGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 7.13% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 12.93% | -10.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 23.35% | -19.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 22.63% | -19.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 21.82% | -18.90% |