PAIIX vs. MTCIX
PAIIX (PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)) and MTCIX (MFS Technology Fund) are both mutual funds - PAIIX is a Global Bonds fund managed by PIMCO, while MTCIX is a Technology Equities fund managed by MFS. Over the past 10 years, PAIIX returned 2.91%/yr vs 22.36%/yr for MTCIX. At a correlation of -0.06, they often move in opposite directions. PAIIX charges 0.90%/yr vs 0.88%/yr for MTCIX.
Performance
PAIIX vs. MTCIX - Performance Comparison
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Returns By Period
In the year-to-date period, PAIIX achieves a -0.29% return, which is significantly lower than MTCIX's 19.47% return. Over the past 10 years, PAIIX has underperformed MTCIX with an annualized return of 2.91%, while MTCIX has yielded a comparatively higher 22.36% annualized return.
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%
MTCIX
- 1D
- 2.64%
- 1M
- 5.22%
- YTD
- 19.47%
- 6M
- 18.51%
- 1Y
- 39.73%
- 3Y*
- 36.49%
- 5Y*
- 17.75%
- 10Y*
- 22.36%
PAIIX vs. MTCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -0.29% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
MTCIX MFS Technology Fund | 19.47% | 16.39% | 56.76% | 54.42% | -36.18% | 14.11% | 46.45% | 38.84% | 1.85% | 38.78% |
Correlation
The correlation between PAIIX and MTCIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | -0.06 |
The correlation between PAIIX and MTCIX shifts across timeframes, from -0.06 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PAIIX vs. MTCIX — Risk / Return Rank
PAIIX
MTCIX
PAIIX vs. MTCIX - 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 MFS Technology Fund (MTCIX). 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 | MTCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.06 | -0.94 |
| Martin ratioReturn relative to average drawdown | 3.57 | 6.65 | -3.08 |
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Drawdowns
PAIIX vs. MTCIX - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -13.59%, smaller than the maximum MTCIX drawdown of -82.78%. Use the drawdown chart below to compare losses from any high point for PAIIX and MTCIX.
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Drawdown Indicators
| PAIIX | MTCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -82.78% | +69.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -18.59% | +14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -25.97% | +21.72% |
Max Drawdown (5Y)Largest decline over 5 years | -9.80% | -42.74% | +32.94% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -42.74% | +32.30% |
Current DrawdownCurrent decline from peak | -1.21% | -2.48% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -29.81% | +27.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 5.75% | -4.42% |
Volatility
PAIIX vs. MTCIX - Volatility Comparison
The current volatility for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) is 1.25%, while MFS Technology Fund (MTCIX) has a volatility of 9.81%. This indicates that PAIIX experiences smaller price fluctuations and is considered to be less risky than MTCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAIIX | MTCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 9.81% | -8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 18.16% | -14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 22.08% | -17.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | 25.68% | -22.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 24.20% | -21.18% |
PAIIX vs. MTCIX - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than MTCIX's 0.88% expense ratio.
Dividends
PAIIX vs. MTCIX - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 4.67%, less than MTCIX's 11.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 11.48% | 13.71% | 26.78% | 9.66% | 10.35% | 11.58% | 4.97% | 3.87% | 4.97% | 3.51% | 1.84% | 3.62% |
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 MTCIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTCIX has higher volatility (9.81%) compared to PAIIX (1.25%). In terms of maximum drawdown, PAIIX dropped -13.59% vs MTCIX's -82.78%.
MTCIX currently has the higher Sharpe Ratio (1.73 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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