PIRMX vs. USO
Compare and contrast key facts about PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) and United States Oil Fund LP (USO).
PIRMX is an actively managed fund by PIMCO. It was launched on Aug 31, 2011. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.
Performance
PIRMX vs. USO - Performance Comparison
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PIRMX vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIRMX PIMCO Inflation Response Multi-Asset Fund Institutional | 2.92% | 16.76% | 12.47% | 6.50% | -5.11% | 13.86% | 9.36% | 10.03% | -3.70% | 8.59% |
USO United States Oil Fund LP | 83.99% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Returns By Period
In the year-to-date period, PIRMX achieves a 2.92% return, which is significantly lower than USO's 83.99% return. Over the past 10 years, PIRMX has outperformed USO with an annualized return of 7.52%, while USO has yielded a comparatively lower 5.48% annualized return.
PIRMX
- 1D
- 0.63%
- 1M
- -2.56%
- YTD
- 2.92%
- 6M
- 5.38%
- 1Y
- 12.99%
- 3Y*
- 12.36%
- 5Y*
- 8.91%
- 10Y*
- 7.52%
USO
- 1D
- -1.99%
- 1M
- 55.28%
- YTD
- 83.99%
- 6M
- 72.54%
- 1Y
- 64.55%
- 3Y*
- 24.19%
- 5Y*
- 24.91%
- 10Y*
- 5.48%
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PIRMX vs. USO - Expense Ratio Comparison
PIRMX has a 1.91% expense ratio, which is higher than USO's 0.79% expense ratio.
Return for Risk
PIRMX vs. USO — Risk / Return Rank
PIRMX
USO
PIRMX vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.65 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.32 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.44 | -0.56 |
Martin ratioReturn relative to average drawdown | 13.07 | 5.96 | +7.10 |
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 | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.65 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.73 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.14 | +0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.19 | +0.85 |
Correlation
The correlation between PIRMX and USO is 0.44, 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.
Dividends
PIRMX vs. USO - Dividend Comparison
PIRMX's dividend yield for the trailing twelve months is around 2.51%, while USO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIRMX PIMCO Inflation Response Multi-Asset Fund Institutional | 2.51% | 2.66% | 9.91% | 0.13% | 14.12% | 11.21% | 0.80% | 2.05% | 11.41% | 6.43% | 0.49% | 3.13% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIRMX vs. USO - Drawdown Comparison
The maximum PIRMX drawdown since its inception was -18.51%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for PIRMX and USO.
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Drawdown Indicators
| PIRMX | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.51% | -98.19% | +79.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -20.39% | +15.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -36.23% | +21.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | -86.75% | +68.55% |
Current DrawdownCurrent decline from peak | -2.66% | -86.46% | +83.80% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -75.21% | +71.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 11.77% | -10.67% |
Volatility
PIRMX vs. USO - Volatility Comparison
The current volatility for PIMCO Inflation Response Multi-Asset Fund Institutional (PIRMX) is 2.28%, while United States Oil Fund LP (USO) has a volatility of 21.87%. This indicates that PIRMX experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIRMX | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 21.87% | -19.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 29.71% | -24.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.78% | 39.38% | -32.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 34.41% | -26.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 38.33% | -30.84% |