PIRMX vs. QUAL
PIRMX (PIMCO Inflation Response Multi-Asset Fund Institutional) and QUAL (iShares MSCI USA Quality Factor ETF) are both funds - PIRMX is a Diversified Portfolio fund actively managed by PIMCO, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. PIRMX is actively managed, while QUAL is passively managed. Over the past 10 years, PIRMX returned 7.69%/yr vs 14.27%/yr for QUAL. At a 0.35 correlation, their price movements are largely independent. PIRMX charges 1.91%/yr vs 0.15%/yr for QUAL.
Performance
PIRMX vs. QUAL - Performance Comparison
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Returns By Period
In the year-to-date period, PIRMX achieves a 7.45% return, which is significantly lower than QUAL's 8.80% return. Over the past 10 years, PIRMX has underperformed QUAL with an annualized return of 7.69%, while QUAL has yielded a comparatively higher 14.27% annualized return.
PIRMX
- 1D
- 0.20%
- 1M
- 0.30%
- YTD
- 7.45%
- 6M
- 7.55%
- 1Y
- 17.97%
- 3Y*
- 14.49%
- 5Y*
- 8.47%
- 10Y*
- 7.69%
QUAL
- 1D
- -0.07%
- 1M
- 4.62%
- YTD
- 8.80%
- 6M
- 8.86%
- 1Y
- 21.68%
- 3Y*
- 19.66%
- 5Y*
- 11.96%
- 10Y*
- 14.27%
PIRMX vs. QUAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIRMX PIMCO Inflation Response Multi-Asset Fund Institutional | 7.45% | 16.76% | 12.47% | 6.50% | -5.11% | 13.86% | 9.36% | 10.03% | -3.70% | 8.59% |
QUAL iShares MSCI USA Quality Factor ETF | 8.80% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
Correlation
The correlation between PIRMX and QUAL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2013 | 0.35 |
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Return for Risk
PIRMX vs. QUAL — Risk / Return Rank
PIRMX
QUAL
PIRMX vs. QUAL - 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 MSCI USA Quality Factor ETF (QUAL). 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 | QUAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.32 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 2.41 | +2.93 |
| Martin ratioReturn relative to average drawdown | 22.22 | 11.00 | +11.23 |
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 | QUAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 1.84 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.69 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.79 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.80 | -0.10 |
Drawdowns
PIRMX vs. QUAL - Drawdown Comparison
The maximum PIRMX drawdown since its inception was -18.51%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for PIRMX and QUAL.
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Drawdown Indicators
| PIRMX | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.51% | -34.06% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -9.03% | +5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -18.00% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -28.23% | +13.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | -34.06% | +15.86% |
Current DrawdownCurrent decline from peak | -0.80% | -0.16% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -4.11% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.98% | -1.17% |
Volatility
PIRMX vs. QUAL - Volatility Comparison
The current volatility for PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) is 1.59%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 2.51%. This indicates that PIRMX experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIRMX | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 2.51% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | 9.03% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 11.83% | -5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.30% | 17.33% | -9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 18.10% | -10.62% |
PIRMX vs. QUAL - Expense Ratio Comparison
PIRMX has a 1.91% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Dividends
PIRMX vs. QUAL - Dividend Comparison
PIRMX's dividend yield for the trailing twelve months is around 2.41%, more than QUAL's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIRMX PIMCO Inflation Response Multi-Asset Fund Institutional | 2.41% | 2.66% | 9.91% | 0.13% | 14.12% | 11.21% | 0.80% | 2.05% | 11.41% | 6.43% | 0.49% | 3.13% |
QUAL iShares MSCI USA Quality Factor ETF | 0.88% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Frequently Asked Questions
PIRMX and QUAL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUAL has higher volatility (2.51%) compared to PIRMX (1.59%). In terms of maximum drawdown, PIRMX dropped -18.51% vs QUAL's -34.06%.
PIRMX currently has the higher Sharpe Ratio (3.07 vs 1.84), 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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