PMZIX vs. AGG
Compare and contrast key facts about PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and iShares Core U.S. Aggregate Bond ETF (AGG).
PMZIX is managed by PIMCO. It was launched on Oct 21, 2012. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMZIX or AGG.
Key characteristics
| PMZIX | AGG | |
|---|---|---|
| YTD Return | 4.37% | 1.92% |
| 1Y Return | 9.47% | 9.34% |
| 3Y Return (Ann) | 1.36% | -2.17% |
| 5Y Return (Ann) | 2.35% | -0.25% |
| 10Y Return (Ann) | 3.12% | 1.48% |
| Sharpe Ratio | 2.50 | 1.75 |
| Sortino Ratio | 4.16 | 2.59 |
| Omega Ratio | 1.51 | 1.31 |
| Calmar Ratio | 2.01 | 0.65 |
| Martin Ratio | 14.19 | 6.74 |
| Ulcer Index | 0.73% | 1.57% |
| Daily Std Dev | 4.12% | 6.02% |
| Max Drawdown | -9.46% | -18.43% |
| Current Drawdown | -2.32% | -8.38% |
Correlation
The correlation between PMZIX and AGG is 0.60, 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.
Performance
PMZIX vs. AGG - Performance Comparison
In the year-to-date period, PMZIX achieves a 4.37% return, which is significantly higher than AGG's 1.92% return. Over the past 10 years, PMZIX has outperformed AGG with an annualized return of 3.12%, while AGG has yielded a comparatively lower 1.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMZIX vs. AGG - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
PMZIX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) 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.
Dividends
PMZIX vs. AGG - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 7.24%, more than AGG's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 7.24% | 6.70% | 7.20% | 3.65% | 3.97% | 4.36% | 4.28% | 3.58% | 5.20% | 4.08% | 3.87% | 4.15% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.30% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
PMZIX vs. AGG - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -9.46%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PMZIX and AGG. For additional features, visit the drawdowns tool.
Volatility
PMZIX vs. AGG - Volatility Comparison
The current volatility for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) is 0.91%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.29%. This indicates that PMZIX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.