PIRMX vs. QUAL
Compare and contrast key facts about PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) and iShares MSCI USA Quality Factor ETF (QUAL).
PIRMX is an actively managed fund by PIMCO. It was launched on Aug 31, 2011. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Jul 18, 2013.
Performance
PIRMX vs. QUAL - Performance Comparison
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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 | 3.67% | 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 | -2.74% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
Returns By Period
In the year-to-date period, PIRMX achieves a 3.67% return, which is significantly higher than QUAL's -2.74% return. Over the past 10 years, PIRMX has underperformed QUAL with an annualized return of 7.60%, while QUAL has yielded a comparatively higher 12.99% 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%
QUAL
- 1D
- 0.50%
- 1M
- -5.52%
- YTD
- -2.74%
- 6M
- -1.05%
- 1Y
- 13.65%
- 3Y*
- 17.10%
- 5Y*
- 10.71%
- 10Y*
- 12.99%
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PIRMX vs. QUAL - Expense Ratio Comparison
PIRMX has a 1.91% expense ratio, which is higher than QUAL's 0.15% expense ratio.
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 | 2.06 | 0.79 | +1.27 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.24 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.21 | +1.79 |
Martin ratioReturn relative to average drawdown | 13.50 | 5.50 | +8.00 |
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 | 2.06 | 0.79 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.62 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.72 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.75 | -0.08 |
Correlation
The correlation between PIRMX and QUAL 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. QUAL - Dividend Comparison
PIRMX's dividend yield for the trailing twelve months is around 2.49%, more than QUAL's 0.98% 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% |
QUAL iShares MSCI USA Quality Factor ETF | 0.98% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
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 | -4.96% | -11.52% | +6.56% |
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 | -1.94% | -5.97% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -4.15% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.53% | -1.43% |
Volatility
PIRMX vs. QUAL - Volatility Comparison
The current volatility for PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) is 2.43%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 5.36%. 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 | 2.43% | 5.36% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 9.30% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 17.46% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 17.34% | -9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 18.08% | -10.59% |