Correlation
The correlation between PAIIX and SGOV is 0.00, 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.
PAIIX vs. SGOV
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAIIX or SGOV.
Performance
PAIIX vs. SGOV - Performance Comparison
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Key characteristics
PAIIX:
1.98
SGOV:
21.63
PAIIX:
2.75
SGOV:
474.39
PAIIX:
1.40
SGOV:
475.39
PAIIX:
2.41
SGOV:
485.71
PAIIX:
8.31
SGOV:
7,710.35
PAIIX:
0.75%
SGOV:
0.00%
PAIIX:
3.26%
SGOV:
0.22%
PAIIX:
-11.49%
SGOV:
-0.03%
PAIIX:
-0.47%
SGOV:
0.00%
Returns By Period
In the year-to-date period, PAIIX achieves a 2.23% return, which is significantly higher than SGOV's 1.75% return.
PAIIX
2.23%
-0.21%
2.38%
6.43%
4.03%
2.51%
2.82%
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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PAIIX vs. SGOV - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
PAIIX vs. SGOV — Risk-Adjusted Performance Rank
PAIIX
SGOV
PAIIX vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
PAIIX vs. SGOV - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 4.55%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.55% | 4.17% | 2.25% | 7.62% | 2.56% | 1.90% | 3.76% | 1.79% | 2.73% | 2.25% | 5.45% | 6.38% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAIIX vs. SGOV - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -11.49%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PAIIX and SGOV.
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Volatility
PAIIX vs. SGOV - Volatility Comparison
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a higher volatility of 1.01% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that PAIIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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