PAIIX vs. SMH
Compare and contrast key facts about PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) and VanEck Vectors Semiconductor ETF (SMH).
PAIIX is managed by PIMCO. It was launched on Oct 1, 1995. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAIIX or SMH.
Performance
PAIIX vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, PAIIX achieves a 3.43% return, which is significantly lower than SMH's 39.89% return. Over the past 10 years, PAIIX has underperformed SMH with an annualized return of 1.65%, while SMH has yielded a comparatively higher 28.03% annualized return.
PAIIX
3.43%
0.23%
2.75%
7.46%
0.61%
1.65%
SMH
39.89%
-1.76%
0.15%
51.80%
33.24%
28.03%
Key characteristics
| PAIIX | SMH | |
|---|---|---|
| Sharpe Ratio | 2.38 | 1.50 |
| Sortino Ratio | 3.60 | 2.01 |
| Omega Ratio | 1.49 | 1.26 |
| Calmar Ratio | 0.65 | 2.09 |
| Martin Ratio | 10.46 | 5.56 |
| Ulcer Index | 0.71% | 9.31% |
| Daily Std Dev | 3.14% | 34.44% |
| Max Drawdown | -14.76% | -95.73% |
| Current Drawdown | -4.59% | -13.03% |
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PAIIX vs. SMH - Expense Ratio Comparison
PAIIX has a 0.90% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between PAIIX and SMH is -0.11. 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.
Risk-Adjusted Performance
PAIIX vs. SMH - 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 VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
PAIIX's dividend yield for the trailing twelve months is around 3.44%, more than SMH's 0.43% 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% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
PAIIX vs. SMH - Drawdown Comparison
The maximum PAIIX drawdown since its inception was -14.76%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for PAIIX and SMH. For additional features, visit the drawdowns tool.
Volatility
PAIIX vs. SMH - Volatility Comparison
The current volatility for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) is 0.67%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.43%. This indicates that PAIIX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.