PAUIX vs. GIPIX

Last updated Jun 3, 2026

PAUIX (PIMCO All Asset All Authority Fund) and GIPIX (Goldman Sachs Balanced Strategy Portfolio) are both Tactical Allocation funds. Over the past 10 years, PAUIX returned 4.90%/yr vs 6.14%/yr for GIPIX. At a 0.47 correlation, their price movements are largely independent. PAUIX charges 0.21%/yr vs 0.19%/yr for GIPIX.

Performance

PAUIX vs. GIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO All Asset All Authority Fund (PAUIX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAUIX achieves a 7.77% return, which is significantly higher than GIPIX's 5.26% return. Over the past 10 years, PAUIX has underperformed GIPIX with an annualized return of 4.90%, while GIPIX has yielded a comparatively higher 6.14% annualized return.

PAUIX

• 1D: -0.14%
• 1M: 0.55%
• YTD: 7.77%
• 6M: 8.70%
• 1Y: 18.39%
• 3Y*: 8.84%
• 5Y*: 2.41%
• 10Y*: 4.90%

GIPIX

• 1D: 0.00%
• 1M: 2.24%
• YTD: 5.26%
• 6M: 5.87%
• 1Y: 14.82%
• 3Y*: 10.61%
• 5Y*: 4.62%
• 10Y*: 6.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PAUIX vs. GIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAUIX PIMCO All Asset All Authority Fund	7.77%	14.15%	1.06%	6.35%	-15.65%	15.55%	4.58%	7.62%	-6.14%	12.05%
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.26%	10.80%	8.51%	12.49%	-14.43%	7.94%	11.09%	15.68%	-6.52%	11.63%

Correlation

The correlation between PAUIX and GIPIX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 4, 2003	0.47

Over the past year, PAUIX and GIPIX have become more correlated (0.69) than their long-term average of 0.47, meaning their price movements have been converging.

Return for Risk

PAUIX vs. GIPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAUIX

PAUIX Risk / Return Rank: 76
PAUIX Sharpe Ratio Rank: 87
PAUIX Sortino Ratio Rank: 84
PAUIX Omega Ratio Rank: 81
PAUIX Calmar Ratio Rank: 66
PAUIX Martin Ratio Rank: 62

GIPIX

GIPIX Risk / Return Rank: 60
GIPIX Sharpe Ratio Rank: 63
GIPIX Sortino Ratio Rank: 64
GIPIX Omega Ratio Rank: 66
GIPIX Calmar Ratio Rank: 49
GIPIX Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAUIX vs. GIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO All Asset All Authority Fund (PAUIX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). 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.

	PAUIX	GIPIX	Difference
Sharpe ratio Return per unit of total volatility	2.84	2.34	+0.50
Sortino ratio Return per unit of downside risk	3.99	3.36	+0.64
Omega ratio Gain probability vs. loss probability	1.53	1.45	+0.08
Calmar ratio Return relative to maximum drawdown	3.16	2.70	+0.45
Martin ratio Return relative to average drawdown	12.29	11.89	+0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAUIX vs. GIPIX - Sharpe Ratio Comparison

The current PAUIX Sharpe Ratio is 2.84, which is comparable to the GIPIX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of PAUIX and GIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PAUIX	GIPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	2.34	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.58	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.76	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.67	-0.04

Drawdowns

PAUIX vs. GIPIX - Drawdown Comparison

The maximum PAUIX drawdown since its inception was -26.84%, smaller than the maximum GIPIX drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for PAUIX and GIPIX.

Drawdown Indicators

	PAUIX	GIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.84%	-29.46%	+2.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-5.59%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-8.54%	-9.11%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-26.15%	-20.65%	-5.50%
Max Drawdown (10Y) Largest decline over 10 years	-26.84%	-20.65%	-6.19%
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-5.91%	-3.68%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.27%	+0.28%

Volatility

PAUIX vs. GIPIX - Volatility Comparison

PIMCO All Asset All Authority Fund (PAUIX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX) have volatilities of 2.21% and 2.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAUIX	GIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	2.18%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.17%	5.34%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	6.61%	6.51%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.62%	8.00%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.00%	8.11%	+0.89%

PAUIX vs. GIPIX - Expense Ratio Comparison

PAUIX has a 0.21% expense ratio, which is higher than GIPIX's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PAUIX vs. GIPIX - Dividend Comparison

PAUIX's dividend yield for the trailing twelve months is around 6.70%, more than GIPIX's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.52%	5.22%	4.06%	2.12%	4.56%	6.37%	2.25%	2.51%	4.70%	4.51%	1.46%	5.73%
PAUIX PIMCO All Asset All Authority Fund	6.70%	6.10%	2.64%	3.97%	9.98%	15.46%	4.47%	2.89%	5.74%	5.28%	3.62%	5.54%

Frequently Asked Questions

Can I hold both PAUIX and GIPIX in my portfolio?

PAUIX and GIPIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAUIX or GIPIX?

PAUIX has higher volatility (2.21%) compared to GIPIX (2.18%). In terms of maximum drawdown, PAUIX dropped -26.84% vs GIPIX's -29.46%.

Which has better risk-adjusted returns?

PAUIX currently has the higher Sharpe Ratio (2.84 vs 2.34), 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.