PKAIX vs. FGIPX
PKAIX (PIMCO RAE US Fund) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 10 years, PKAIX returned 14.20%/yr vs 13.59%/yr for FGIPX. Their correlation of 0.91 suggests significant overlap in exposure. PKAIX charges 0.40%/yr vs 0.77%/yr for FGIPX.
Performance
PKAIX vs. FGIPX - Performance Comparison
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Returns By Period
In the year-to-date period, PKAIX achieves a 21.63% return, which is significantly higher than FGIPX's 18.94% return. Both investments have delivered pretty close results over the past 10 years, with PKAIX having a 14.20% annualized return and FGIPX not far behind at 13.59%.
PKAIX
- 1D
- 0.48%
- 1M
- 0.24%
- YTD
- 21.63%
- 6M
- 17.91%
- 1Y
- 38.03%
- 3Y*
- 23.83%
- 5Y*
- 15.02%
- 10Y*
- 14.20%
FGIPX
- 1D
- 0.40%
- 1M
- 3.21%
- YTD
- 18.94%
- 6M
- 17.96%
- 1Y
- 43.07%
- 3Y*
- 26.61%
- 5Y*
- 17.35%
- 10Y*
- 13.59%
PKAIX vs. FGIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PKAIX PIMCO RAE US Fund | 21.63% | 17.19% | 16.28% | 17.02% | -3.36% | 27.74% | 3.94% | 24.92% | -6.92% | 16.51% |
FGIPX Nomura Growth and Income Fund Institutional Class | 18.94% | 30.18% | 15.44% | 12.17% | 3.28% | 21.73% | -4.59% | 25.96% | -9.95% | 18.52% |
Correlation
The correlation between PKAIX and FGIPX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | 0.91 |
The correlation between PKAIX and FGIPX shifts across timeframes, from 0.78 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PKAIX vs. FGIPX — Risk / Return Rank
PKAIX
FGIPX
PKAIX vs. FGIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE US Fund (PKAIX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PKAIX | FGIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.68 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 7.60 | 6.12 | +1.48 |
| Martin ratioReturn relative to average drawdown | 22.65 | 23.24 | -0.60 |
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Drawdowns
PKAIX vs. FGIPX - Drawdown Comparison
The maximum PKAIX drawdown since its inception was -38.56%, roughly equal to the maximum FGIPX drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for PKAIX and FGIPX.
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Drawdown Indicators
| PKAIX | FGIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -37.32% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -7.26% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.31% | -13.27% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.64% | -16.19% | -4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.56% | -37.32% | -1.24% |
Current DrawdownCurrent decline from peak | -2.93% | -0.94% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -4.16% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.90% | -0.18% |
Volatility
PKAIX vs. FGIPX - Volatility Comparison
PIMCO RAE US Fund (PKAIX) and Nomura Growth and Income Fund Institutional Class (FGIPX) have volatilities of 4.28% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PKAIX | FGIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.09% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 8.76% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 11.84% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 14.92% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 17.14% | +1.73% |
PKAIX vs. FGIPX - Expense Ratio Comparison
PKAIX has a 0.40% expense ratio, which is lower than FGIPX's 0.77% expense ratio.
Dividends
PKAIX vs. FGIPX - Dividend Comparison
PKAIX's dividend yield for the trailing twelve months is around 11.32%, more than FGIPX's 9.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIPX Nomura Growth and Income Fund Institutional Class | 9.56% | 11.68% | 12.69% | 7.50% | 7.35% | 12.20% | 2.13% | 52.72% | 25.63% | 5.58% | 4.22% | 5.88% |
PKAIX PIMCO RAE US Fund | 11.32% | 13.77% | 16.77% | 6.65% | 8.09% | 10.03% | 3.20% | 4.91% | 6.85% | 5.85% | 5.33% | 3.49% |
Frequently Asked Questions
PKAIX and FGIPX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PKAIX has higher volatility (4.28%) compared to FGIPX (4.09%). In terms of maximum drawdown, PKAIX dropped -38.56% vs FGIPX's -37.32%.
FGIPX currently has the higher Sharpe Ratio (3.76 vs 2.97), 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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