PGAIX vs. MSTGX
Compare and contrast key facts about PIMCO Global Core Asset Allocation Fund (PGAIX) and Morningstar Global Income Fund (MSTGX).
PGAIX is managed by PIMCO. It was launched on Oct 28, 2008. MSTGX is managed by Morningstar. It was launched on Nov 1, 2018.
Performance
PGAIX vs. MSTGX - Performance Comparison
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PGAIX vs. MSTGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PGAIX PIMCO Global Core Asset Allocation Fund | 2.35% | 20.68% | 14.76% | 12.48% | -17.38% | 11.35% | 14.57% | 15.29% | -2.93% |
MSTGX Morningstar Global Income Fund | 3.40% | 12.04% | 5.36% | 11.91% | -11.18% | 8.46% | 3.92% | 19.97% | -3.56% |
Returns By Period
In the year-to-date period, PGAIX achieves a 2.35% return, which is significantly lower than MSTGX's 3.40% 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%
MSTGX
- 1D
- 0.29%
- 1M
- -1.99%
- YTD
- 3.40%
- 6M
- 4.46%
- 1Y
- 10.27%
- 3Y*
- 9.72%
- 5Y*
- 4.88%
- 10Y*
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PGAIX vs. MSTGX - Expense Ratio Comparison
PGAIX has a 1.00% expense ratio, which is higher than MSTGX's 0.62% expense ratio.
Return for Risk
PGAIX vs. MSTGX — Risk / Return Rank
PGAIX
MSTGX
PGAIX vs. MSTGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Core Asset Allocation Fund (PGAIX) and Morningstar Global Income Fund (MSTGX). 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 | MSTGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 1.48 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.96 | 2.17 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.32 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.06 | +0.67 |
Martin ratioReturn relative to average drawdown | 11.02 | 9.27 | +1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGAIX | MSTGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.48 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.63 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.60 | +0.07 |
Correlation
The correlation between PGAIX and MSTGX is 0.82, 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
PGAIX vs. MSTGX - Dividend Comparison
PGAIX's dividend yield for the trailing twelve months is around 2.49%, less than MSTGX's 2.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PGAIX PIMCO Global Core Asset Allocation Fund | 2.49% | 1.78% | 4.27% | 1.54% | 1.07% | 1.10% | 10.94% | 2.49% | 3.12% | 1.67% | 1.66% |
MSTGX Morningstar Global Income Fund | 2.53% | 2.97% | 6.64% | 6.32% | 8.79% | 10.48% | 2.96% | 4.11% | 0.56% | 0.00% | 0.00% |
Drawdowns
PGAIX vs. MSTGX - Drawdown Comparison
The maximum PGAIX drawdown since its inception was -26.75%, roughly equal to the maximum MSTGX drawdown of -27.52%. Use the drawdown chart below to compare losses from any high point for PGAIX and MSTGX.
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Drawdown Indicators
| PGAIX | MSTGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -27.52% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -5.04% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -19.64% | -2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | — | — |
Current DrawdownCurrent decline from peak | -4.81% | -3.63% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -4.38% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.46% | +0.52% |
Volatility
PGAIX vs. MSTGX - Volatility Comparison
PIMCO Global Core Asset Allocation Fund (PGAIX) has a higher volatility of 3.76% compared to Morningstar Global Income Fund (MSTGX) at 2.17%. This indicates that PGAIX's price experiences larger fluctuations and is considered to be riskier than MSTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGAIX | MSTGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.17% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 4.37% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.51% | 8.67% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.72% | 8.14% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.20% | 10.90% | -0.70% |