PMZIX vs. BGCKX
PMZIX (PIMCO Mortgage Opportunities and Bond Fund) and BGCKX (BlackRock Global Equity Market Neutral Fund Institutional Shares) are both mutual funds - PMZIX is a Nontraditional Bonds fund managed by PIMCO, while BGCKX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 10 years, PMZIX returned 3.53%/yr vs 8.53%/yr for BGCKX. At a 0.01 correlation, their price movements are largely independent. PMZIX charges 0.60%/yr vs 1.29%/yr for BGCKX.
Performance
PMZIX vs. BGCKX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMZIX achieves a 0.50% return, which is significantly lower than BGCKX's 12.16% return. Over the past 10 years, PMZIX has underperformed BGCKX with an annualized return of 3.53%, while BGCKX has yielded a comparatively higher 8.53% annualized return.
PMZIX
- 1D
- 0.11%
- 1M
- 0.46%
- YTD
- 0.50%
- 6M
- 0.87%
- 1Y
- 4.97%
- 3Y*
- 6.29%
- 5Y*
- 2.87%
- 10Y*
- 3.53%
BGCKX
- 1D
- -0.79%
- 1M
- 2.63%
- YTD
- 12.16%
- 6M
- 11.78%
- 1Y
- 22.38%
- 3Y*
- 20.85%
- 5Y*
- 12.92%
- 10Y*
- 8.53%
PMZIX vs. BGCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 0.50% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.04% | 1.55% | 5.50% |
BGCKX BlackRock Global Equity Market Neutral Fund Institutional Shares | 12.16% | 18.38% | 21.55% | 14.60% | 1.80% | 3.42% | 0.33% | -0.82% | 2.22% | 12.83% |
Correlation
The correlation between PMZIX and BGCKX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2016 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMZIX vs. BGCKX — Risk / Return Rank
PMZIX
BGCKX
PMZIX vs. BGCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX). 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.
| PMZIX | BGCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.60 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 7.04 | -4.87 |
| Martin ratioReturn relative to average drawdown | 7.56 | 19.94 | -12.38 |
Loading charts...
Drawdowns
PMZIX vs. BGCKX - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -10.44%, which is greater than BGCKX's maximum drawdown of -9.47%. Use the drawdown chart below to compare losses from any high point for PMZIX and BGCKX.
Loading charts...
Drawdown Indicators
| PMZIX | BGCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.44% | -9.47% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.23% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | -4.13% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -5.98% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -9.47% | -0.97% |
Current DrawdownCurrent decline from peak | -1.10% | -1.02% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -2.14% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.14% | -0.45% |
Volatility
PMZIX vs. BGCKX - Volatility Comparison
The current volatility for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) is 1.18%, while BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) has a volatility of 2.83%. This indicates that PMZIX experiences smaller price fluctuations and is considered to be less risky than BGCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMZIX | BGCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 2.83% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 4.83% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 7.12% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 6.58% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 5.85% | -2.61% |
PMZIX vs. BGCKX - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is lower than BGCKX's 1.29% expense ratio.
Dividends
PMZIX vs. BGCKX - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 5.55%, less than BGCKX's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGCKX BlackRock Global Equity Market Neutral Fund Institutional Shares | 7.99% | 8.96% | 13.25% | 7.49% | 0.00% | 1.22% | 0.34% | 6.80% | 0.96% | 0.00% | 0.00% | 0.00% |
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.55% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
Frequently Asked Questions
PMZIX and BGCKX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGCKX has higher volatility (2.83%) compared to PMZIX (1.18%). In terms of maximum drawdown, PMZIX dropped -10.44% vs BGCKX's -9.47%.
BGCKX currently has the higher Sharpe Ratio (3.20 vs 1.56), 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.
Find the right allocation for PMZIX and BGCKX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer