PGAIX vs. ^SP500TR

Last updated Apr 3, 2026

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.

Performance

PGAIX vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Global Core Asset Allocation Fund (PGAIX) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

PGAIX vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGAIX PIMCO Global Core Asset Allocation Fund	2.35%	20.68%	14.76%	12.48%	-17.38%	11.35%	14.57%	15.29%	-5.15%	14.78%
^SP500TR S&P 500 Total Return	-3.53%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Returns By Period

In the year-to-date period, PGAIX achieves a 2.35% return, which is significantly higher than ^SP500TR's -3.53% return. Over the past 10 years, PGAIX has underperformed ^SP500TR with an annualized return of 8.44%, while ^SP500TR has yielded a comparatively higher 14.22% annualized return.

PGAIX

• 1D: 1.38%
• 1M: -2.47%
• YTD: 2.35%
• 6M: 7.21%
• 1Y: 21.29%
• 3Y*: 15.30%
• 5Y*: 7.36%
• 10Y*: 8.44%

^SP500TR

• 1D: 0.12%
• 1M: -3.32%
• YTD: -3.53%
• 6M: -1.37%
• 1Y: 17.55%
• 3Y*: 18.50%
• 5Y*: 11.99%
• 10Y*: 14.22%

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

Return for Risk

PGAIX vs. ^SP500TR — Risk / Return Rank

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

PGAIX

PGAIX Risk / Return Rank: 91
PGAIX Sharpe Ratio Rank: 94
PGAIX Sortino Ratio Rank: 93
PGAIX Omega Ratio Rank: 93
PGAIX Calmar Ratio Rank: 88
PGAIX Martin Ratio Rank: 89

^SP500TR

^SP500TR Risk / Return Rank: 68
^SP500TR Sharpe Ratio Rank: 64
^SP500TR Sortino Ratio Rank: 68
^SP500TR Omega Ratio Rank: 71
^SP500TR Calmar Ratio Rank: 60
^SP500TR Martin Ratio Rank: 79

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.

PGAIX vs. ^SP500TR - Risk-Adjusted Trends 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.

	PGAIX	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	2.28	0.96	+1.32
Sortino ratio Return per unit of downside risk	2.96	1.48	+1.49
Omega ratio Gain probability vs. loss probability	1.48	1.23	+0.25
Calmar ratio Return relative to maximum drawdown	2.72	1.51	+1.21
Martin ratio Return relative to average drawdown	11.02	7.14	+3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGAIX vs. ^SP500TR - Sharpe Ratio Comparison

The current PGAIX Sharpe Ratio is 2.28, which is higher than the ^SP500TR Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of PGAIX and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PGAIX	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.96	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.71	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.79	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.62	+0.05

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.

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.

Drawdown Indicators

	PGAIX	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-26.75%	-55.25%	+28.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	-8.89%	+1.60%
Max Drawdown (5Y) Largest decline over 5 years	-22.49%	-24.49%	+2.00%
Max Drawdown (10Y) Largest decline over 10 years	-26.75%	-33.79%	+7.04%
Current Drawdown Current decline from peak	-4.81%	-5.44%	+0.63%
Average Drawdown Average peak-to-trough decline	-4.71%	-8.20%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.57%	-0.59%

Volatility

PGAIX vs. ^SP500TR - Volatility Comparison

The current volatility for PIMCO Global Core Asset Allocation Fund (PGAIX) is 3.76%, while S&P 500 Total Return (^SP500TR) has a volatility of 5.30%. 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.

Volatility by Period

	PGAIX	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	5.30%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	6.09%	9.55%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	18.32%	-8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.72%	16.90%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.20%	18.04%	-7.84%