PEFIX vs. GTDDX

Last updated Jun 4, 2026

PEFIX (PIMCO RAE PLUS EMG Fund) and GTDDX (Invesco EQV Emerging Markets All Cap Fd) are both Emerging Markets Diversified funds. Over the past 10 years, PEFIX returned 13.24%/yr vs 10.46%/yr for GTDDX. A 0.72 correlation means they provide meaningful diversification when combined. PEFIX charges 1.10%/yr vs 1.39%/yr for GTDDX.

Performance

PEFIX vs. GTDDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE PLUS EMG Fund (PEFIX) and Invesco EQV Emerging Markets All Cap Fd (GTDDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEFIX achieves a 24.22% return, which is significantly lower than GTDDX's 49.96% return. Over the past 10 years, PEFIX has outperformed GTDDX with an annualized return of 13.24%, while GTDDX has yielded a comparatively lower 10.46% annualized return.

PEFIX

• 1D: 0.98%
• 1M: 7.52%
• YTD: 24.22%
• 6M: 24.22%
• 1Y: 48.19%
• 3Y*: 23.82%
• 5Y*: 10.12%
• 10Y*: 13.24%

GTDDX

• 1D: 1.53%
• 1M: 21.98%
• YTD: 49.96%
• 6M: 55.26%
• 1Y: 78.97%
• 3Y*: 24.87%
• 5Y*: 8.97%
• 10Y*: 10.46%

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

PEFIX vs. GTDDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEFIX PIMCO RAE PLUS EMG Fund	24.22%	27.34%	7.08%	20.00%	-16.85%	20.69%	5.27%	14.80%	-13.51%	31.80%
GTDDX Invesco EQV Emerging Markets All Cap Fd	49.96%	29.88%	-0.66%	8.82%	-17.70%	-7.00%	17.19%	29.99%	-18.77%	30.34%

Correlation

The correlation between PEFIX and GTDDX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Dec 1, 2008	0.72

The correlation between PEFIX and GTDDX shifts across timeframes, from 0.57 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PEFIX vs. GTDDX — Risk / Return Rank

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

PEFIX

PEFIX Risk / Return Rank: 89
PEFIX Sharpe Ratio Rank: 95
PEFIX Sortino Ratio Rank: 90
PEFIX Omega Ratio Rank: 87
PEFIX Calmar Ratio Rank: 87
PEFIX Martin Ratio Rank: 84

GTDDX

GTDDX Risk / Return Rank: 95
GTDDX Sharpe Ratio Rank: 98
GTDDX Sortino Ratio Rank: 94
GTDDX Omega Ratio Rank: 94
GTDDX Calmar Ratio Rank: 94
GTDDX Martin Ratio Rank: 94

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.

PEFIX vs. GTDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE PLUS EMG Fund (PEFIX) and Invesco EQV Emerging Markets All Cap Fd (GTDDX). 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.

	PEFIX	GTDDX	Difference
Sharpe ratio: Return per unit of total volatility	3.38	4.11	-0.73
Sortino ratio: Return per unit of downside risk	4.37	4.96	-0.59
Omega ratio: Gain probability vs. loss probability	1.61	1.74	-0.13
Calmar ratio: Return relative to maximum drawdown	4.19	5.47	-1.28
Martin ratio: Return relative to average drawdown	15.98	21.76	-5.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEFIX vs. GTDDX - Sharpe Ratio Comparison

The current PEFIX Sharpe Ratio is 3.38, which is comparable to the GTDDX Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of PEFIX and GTDDX, 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

	PEFIX	GTDDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.38	4.11	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.55	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.62	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.35	+0.31

Drawdowns

PEFIX vs. GTDDX - Drawdown Comparison

The maximum PEFIX drawdown since its inception was -51.44%, smaller than the maximum GTDDX drawdown of -62.89%. Use the drawdown chart below to compare losses from any high point for PEFIX and GTDDX.

Drawdown Indicators

	PEFIX	GTDDX	Difference
Max Drawdown Largest peak-to-trough decline	-51.44%	-62.89%	+11.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-14.49%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-20.78%	-16.08%	-4.70%
Max Drawdown (5Y) Largest decline over 5 years	-32.17%	-37.56%	+5.39%
Max Drawdown (10Y) Largest decline over 10 years	-51.44%	-39.58%	-11.86%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.94%	-18.75%	+6.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.63%	-0.53%

Volatility

PEFIX vs. GTDDX - Volatility Comparison

The current volatility for PIMCO RAE PLUS EMG Fund (PEFIX) is 5.04%, while Invesco EQV Emerging Markets All Cap Fd (GTDDX) has a volatility of 7.89%. This indicates that PEFIX experiences smaller price fluctuations and is considered to be less risky than GTDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEFIX	GTDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	7.89%	-2.85%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	16.72%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	19.29%	-4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	16.38%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	16.91%	-0.06%

PEFIX vs. GTDDX - Expense Ratio Comparison

PEFIX has a 1.10% expense ratio, which is lower than GTDDX's 1.39% expense ratio.

Dividends

PEFIX vs. GTDDX - Dividend Comparison

PEFIX's dividend yield for the trailing twelve months is around 3.62%, less than GTDDX's 14.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTDDX Invesco EQV Emerging Markets All Cap Fd	14.09%	21.13%	1.16%	1.51%	1.17%	4.46%	5.05%	1.49%	1.53%	0.71%	0.86%	0.99%
PEFIX PIMCO RAE PLUS EMG Fund	3.62%	3.73%	9.33%	2.11%	18.29%	46.03%	8.19%	0.38%	4.76%	7.08%	4.48%	0.00%

Frequently Asked Questions

Can I hold both PEFIX and GTDDX in my portfolio?

PEFIX and GTDDX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEFIX or GTDDX?

GTDDX has higher volatility (7.89%) compared to PEFIX (5.04%). In terms of maximum drawdown, PEFIX dropped -51.44% vs GTDDX's -62.89%.

Which has better risk-adjusted returns?

GTDDX currently has the higher Sharpe Ratio (4.11 vs 3.38), 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.