PIPAX vs. HEFA
Compare and contrast key facts about PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
PIPAX is managed by PIMCO. It was launched on Oct 31, 2003. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIPAX or HEFA.
Key characteristics
| PIPAX | HEFA | |
|---|---|---|
| YTD Return | 12.29% | 12.92% |
| 1Y Return | 17.14% | 17.44% |
| 3Y Return (Ann) | 5.02% | 8.64% |
| 5Y Return (Ann) | 7.45% | 9.93% |
| 10Y Return (Ann) | 6.81% | 8.77% |
| Sharpe Ratio | 1.66 | 1.63 |
| Sortino Ratio | 2.12 | 2.17 |
| Omega Ratio | 1.33 | 1.30 |
| Calmar Ratio | 1.70 | 1.82 |
| Martin Ratio | 8.59 | 8.58 |
| Ulcer Index | 2.20% | 2.08% |
| Daily Std Dev | 11.37% | 10.91% |
| Max Drawdown | -58.00% | -32.39% |
| Current Drawdown | -3.41% | -2.45% |
Correlation
The correlation between PIPAX and HEFA is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PIPAX vs. HEFA - Performance Comparison
In the year-to-date period, PIPAX achieves a 12.29% return, which is significantly lower than HEFA's 12.92% return. Over the past 10 years, PIPAX has underperformed HEFA with an annualized return of 6.81%, while HEFA has yielded a comparatively higher 8.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PIPAX vs. HEFA - Expense Ratio Comparison
PIPAX has a 1.15% expense ratio, which is higher than HEFA's 0.35% expense ratio.
Risk-Adjusted Performance
PIPAX vs. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.
Dividends
PIPAX vs. HEFA - Dividend Comparison
PIPAX's dividend yield for the trailing twelve months is around 13.80%, more than HEFA's 2.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 13.80% | 9.88% | 5.75% | 7.60% | 1.44% | 9.01% | 1.46% | 7.39% | 0.79% | 8.15% | 12.09% | 5.75% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.86% | 3.01% | 25.14% | 3.06% | 2.10% | 5.37% | 4.58% | 2.55% | 3.17% | 3.54% | 3.39% | 0.00% |
Drawdowns
PIPAX vs. HEFA - Drawdown Comparison
The maximum PIPAX drawdown since its inception was -58.00%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for PIPAX and HEFA. For additional features, visit the drawdowns tool.
Volatility
PIPAX vs. HEFA - Volatility Comparison
The current volatility for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) is 2.59%, while iShares Currency Hedged MSCI EAFE ETF (HEFA) has a volatility of 2.93%. This indicates that PIPAX experiences smaller price fluctuations and is considered to be less risky than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.