PEPFX vs. EEM
Compare and contrast key facts about PIMCO RAE Emerging Markets Fund (PEPFX) and iShares MSCI Emerging Markets ETF (EEM).
PEPFX is managed by PIMCO. It was launched on Jun 4, 2015. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Performance
PEPFX vs. EEM - Performance Comparison
Loading graphics...
PEPFX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEPFX PIMCO RAE Emerging Markets Fund | 6.55% | 20.60% | 2.45% | 22.46% | -10.50% | 15.79% | 9.76% | 13.56% | -12.62% | 29.07% |
EEM iShares MSCI Emerging Markets ETF | 3.80% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Returns By Period
In the year-to-date period, PEPFX achieves a 6.55% return, which is significantly higher than EEM's 3.80% return. Over the past 10 years, PEPFX has outperformed EEM with an annualized return of 10.79%, while EEM has yielded a comparatively lower 7.58% annualized return.
PEPFX
- 1D
- 0.08%
- 1M
- -8.61%
- YTD
- 6.55%
- 6M
- 8.38%
- 1Y
- 24.77%
- 3Y*
- 15.73%
- 5Y*
- 8.50%
- 10Y*
- 10.79%
EEM
- 1D
- 3.73%
- 1M
- -9.25%
- YTD
- 3.80%
- 6M
- 7.87%
- 1Y
- 33.09%
- 3Y*
- 15.72%
- 5Y*
- 3.45%
- 10Y*
- 7.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PEPFX vs. EEM - Expense Ratio Comparison
PEPFX has a 0.85% expense ratio, which is higher than EEM's 0.72% expense ratio.
Return for Risk
PEPFX vs. EEM — Risk / Return Rank
PEPFX
EEM
PEPFX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Emerging Markets Fund (PEPFX) and iShares MSCI Emerging Markets ETF (EEM). 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.
| PEPFX | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.64 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.23 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.43 | -0.66 |
Martin ratioReturn relative to average drawdown | 7.22 | 9.41 | -2.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PEPFX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.64 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.19 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.37 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.35 | +0.13 |
Correlation
The correlation between PEPFX and EEM is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PEPFX vs. EEM - Dividend Comparison
PEPFX's dividend yield for the trailing twelve months is around 2.73%, more than EEM's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEPFX PIMCO RAE Emerging Markets Fund | 2.73% | 2.91% | 1.99% | 4.05% | 11.30% | 9.12% | 9.73% | 2.21% | 11.05% | 8.06% | 2.74% | 2.46% |
EEM iShares MSCI Emerging Markets ETF | 2.14% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
PEPFX vs. EEM - Drawdown Comparison
The maximum PEPFX drawdown since its inception was -46.88%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for PEPFX and EEM.
Loading graphics...
Drawdown Indicators
| PEPFX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.88% | -66.43% | +19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -13.52% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.31% | -37.82% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -46.88% | -39.82% | -7.06% |
Current DrawdownCurrent decline from peak | -9.41% | -10.30% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -16.12% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.49% | -0.29% |
Volatility
PEPFX vs. EEM - Volatility Comparison
The current volatility for PIMCO RAE Emerging Markets Fund (PEPFX) is 5.62%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.70%. This indicates that PEPFX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PEPFX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 10.70% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 15.12% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 20.23% | -4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 18.43% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 20.32% | -2.93% |