PIRMX vs. AGG
Compare and contrast key facts about PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) and iShares Core U.S. Aggregate Bond ETF (AGG).
PIRMX is an actively managed fund by PIMCO. It was launched on Aug 31, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Performance
PIRMX vs. AGG - Performance Comparison
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PIRMX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIRMX PIMCO Inflation Response Multi-Asset Fund Institutional | 3.67% | 16.76% | 12.47% | 6.50% | -5.11% | 13.86% | 9.36% | 10.03% | -3.70% | 8.59% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.09% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Returns By Period
In the year-to-date period, PIRMX achieves a 3.67% return, which is significantly higher than AGG's 0.09% return. Over the past 10 years, PIRMX has outperformed AGG with an annualized return of 7.60%, while AGG has yielded a comparatively lower 1.66% annualized return.
PIRMX
- 1D
- 0.73%
- 1M
- -1.94%
- YTD
- 3.67%
- 6M
- 5.92%
- 1Y
- 13.82%
- 3Y*
- 12.64%
- 5Y*
- 8.98%
- 10Y*
- 7.60%
AGG
- 1D
- 0.07%
- 1M
- -1.33%
- YTD
- 0.09%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.62%
- 5Y*
- 0.24%
- 10Y*
- 1.66%
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PIRMX vs. AGG - Expense Ratio Comparison
PIRMX has a 1.91% expense ratio, which is higher than AGG's 0.03% expense ratio.
Return for Risk
PIRMX vs. AGG — Risk / Return Rank
PIRMX
AGG
PIRMX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| PIRMX | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.93 | +1.12 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.32 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.17 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.76 | +1.24 |
Martin ratioReturn relative to average drawdown | 13.50 | 4.89 | +8.61 |
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
| PIRMX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.93 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.04 | +1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.31 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.60 | +0.07 |
Correlation
The correlation between PIRMX and AGG is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PIRMX vs. AGG - Dividend Comparison
PIRMX's dividend yield for the trailing twelve months is around 2.49%, less than AGG's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIRMX PIMCO Inflation Response Multi-Asset Fund Institutional | 2.49% | 2.66% | 9.91% | 0.13% | 14.12% | 11.21% | 0.80% | 2.05% | 11.41% | 6.43% | 0.49% | 3.13% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
PIRMX vs. AGG - Drawdown Comparison
The maximum PIRMX drawdown since its inception was -18.51%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PIRMX and AGG.
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Drawdown Indicators
| PIRMX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.51% | -18.43% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -2.52% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -17.82% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | -18.43% | +0.23% |
Current DrawdownCurrent decline from peak | -1.94% | -2.30% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -2.71% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.91% | +0.19% |
Volatility
PIRMX vs. AGG - Volatility Comparison
PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) has a higher volatility of 2.43% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.67%. This indicates that PIRMX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIRMX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 1.67% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 2.55% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 4.37% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 6.07% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 5.39% | +2.10% |