PGAIX vs. RALIX
PGAIX (PIMCO Global Core Asset Allocation Fund) and RALIX (Lazard Real Assets Portfolio) are both Global Allocation funds. Over the past 5 years, PGAIX returned 8.42%/yr vs 6.87%/yr for RALIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PGAIX charges 1.00%/yr vs 0.80%/yr for RALIX.
Performance
PGAIX vs. RALIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PGAIX having a 13.00% return and RALIX slightly higher at 13.30%.
PGAIX
- 1D
- 0.81%
- 1M
- 0.65%
- 6M
- 8.28%
- YTD
- 13.00%
- 1Y
- 25.29%
- 3Y*
- 17.37%
- 5Y*
- 8.42%
- 10Y*
- 9.05%
- ALL TIME*
- 7.27%
RALIX
- 1D
- -0.51%
- 1M
- 2.00%
- 6M
- 7.85%
- YTD
- 13.30%
- 1Y
- 21.90%
- 3Y*
- 12.29%
- 5Y*
- 6.87%
- 10Y*
- —
- ALL TIME*
- 6.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PGAIX vs. RALIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGAIX PIMCO Global Core Asset Allocation Fund | 13.00% | 20.68% | 14.76% | 12.48% | -17.38% | 11.35% | 14.57% | 15.29% | -5.15% | 14.78% |
RALIX Lazard Real Assets Portfolio | 13.30% | 15.60% | 5.91% | 4.43% | -8.99% | 22.32% | 0.61% | 16.07% | -7.59% | 8.60% |
Correlation
The correlation between PGAIX and RALIX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.70 |
Over the past year, the correlation between PGAIX and RALIX has dropped to 0.42 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
PGAIX vs. RALIX — Risk / Return Rank
PGAIX
RALIX
PGAIX vs. RALIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Core Asset Allocation Fund (PGAIX) and Lazard Real Assets Portfolio (RALIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGAIX | RALIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.44 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.97 | -0.55 |
| Martin ratioReturn relative to average drawdown | 14.35 | 12.18 | +2.16 |
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Drawdowns
PGAIX vs. RALIX - Drawdown Comparison
The maximum PGAIX drawdown since its inception was -26.75%, which is greater than RALIX's maximum drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for PGAIX and RALIX.
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Drawdown Indicators
| PGAIX | RALIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -24.00% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -5.46% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -10.71% | -9.72% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -22.03% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -1.73% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -5.70% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.77% | -0.04% |
Volatility
PGAIX vs. RALIX - Volatility Comparison
PIMCO Global Core Asset Allocation Fund (PGAIX) and Lazard Real Assets Portfolio (RALIX) have volatilities of 2.30% and 2.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGAIX | RALIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.41% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 7.16% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.56% | 8.93% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.83% | 11.83% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.20% | 11.15% | -0.95% |
PGAIX vs. RALIX - Expense Ratio Comparison
PGAIX has a 1.00% expense ratio, which is higher than RALIX's 0.80% expense ratio.
Dividends
PGAIX vs. RALIX - Dividend Comparison
PGAIX's dividend yield for the trailing twelve months is around 7.34%, less than RALIX's 8.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PGAIX PIMCO Global Core Asset Allocation Fund | 7.34% | 1.78% | 4.27% | 1.54% | 1.07% | 1.10% | 10.94% | 2.49% | 3.12% | 1.67% | 1.66% |
RALIX Lazard Real Assets Portfolio | 8.48% | 7.04% | 3.07% | 2.93% | 7.65% | 11.84% | 3.93% | 2.24% | 5.27% | 1.69% | 0.00% |
Frequently Asked Questions
PGAIX and RALIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RALIX has higher volatility (2.41%) compared to PGAIX (2.30%). In terms of maximum drawdown, PGAIX dropped -26.75% vs RALIX's -24.00%.
PGAIX currently has the higher Sharpe Ratio (2.91 vs 2.43), 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.
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