PGAIX vs. ^SP500TR
Compare and contrast key facts about PIMCO Global Core Asset Allocation Fund (PGAIX) and S&P 500 Total Return (^SP500TR).
PGAIX is managed by PIMCO. It was launched on Oct 28, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGAIX or ^SP500TR.
Correlation
The correlation between PGAIX and ^SP500TR is 0.84, 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.
Performance
PGAIX vs. ^SP500TR - Performance Comparison
Key characteristics
PGAIX:
1.98
^SP500TR:
1.75
PGAIX:
2.75
^SP500TR:
2.36
PGAIX:
1.37
^SP500TR:
1.32
PGAIX:
2.91
^SP500TR:
2.66
PGAIX:
10.51
^SP500TR:
11.02
PGAIX:
1.46%
^SP500TR:
2.04%
PGAIX:
7.75%
^SP500TR:
12.89%
PGAIX:
-26.75%
^SP500TR:
-55.25%
PGAIX:
0.00%
^SP500TR:
-2.12%
Returns By Period
In the year-to-date period, PGAIX achieves a 4.90% return, which is significantly higher than ^SP500TR's 2.42% return. Over the past 10 years, PGAIX has underperformed ^SP500TR with an annualized return of 6.04%, while ^SP500TR has yielded a comparatively higher 13.06% annualized return.
PGAIX
4.90%
2.46%
5.81%
14.25%
7.05%
6.04%
^SP500TR
2.42%
-1.08%
7.42%
19.81%
14.30%
13.06%
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Risk-Adjusted Performance
PGAIX vs. ^SP500TR — Risk-Adjusted Performance Rank
PGAIX
^SP500TR
PGAIX vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Core Asset Allocation Fund (PGAIX) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
PGAIX vs. ^SP500TR - Drawdown Comparison
The maximum PGAIX drawdown since its inception was -26.75%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PGAIX and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
PGAIX vs. ^SP500TR - Volatility Comparison
The current volatility for PIMCO Global Core Asset Allocation Fund (PGAIX) is 1.67%, while S&P 500 Total Return (^SP500TR) has a volatility of 3.43%. This indicates that PGAIX experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.