PMZIX vs. BIL
Compare and contrast key facts about PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
PMZIX is managed by PIMCO. It was launched on Oct 21, 2012. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMZIX or BIL.
Key characteristics
| PMZIX | BIL | |
|---|---|---|
| YTD Return | 4.37% | 4.39% |
| 1Y Return | 9.47% | 5.29% |
| 3Y Return (Ann) | 1.36% | 3.57% |
| 5Y Return (Ann) | 2.35% | 2.24% |
| 10Y Return (Ann) | 3.12% | 1.54% |
| Sharpe Ratio | 2.50 | 20.72 |
| Sortino Ratio | 4.16 | 336.22 |
| Omega Ratio | 1.51 | 238.74 |
| Calmar Ratio | 2.01 | 487.81 |
| Martin Ratio | 14.19 | 5,477.25 |
| Ulcer Index | 0.73% | 0.00% |
| Daily Std Dev | 4.12% | 0.26% |
| Max Drawdown | -9.46% | -0.77% |
| Current Drawdown | -2.32% | 0.00% |
Correlation
The correlation between PMZIX and BIL is 0.02, 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.
Performance
PMZIX vs. BIL - Performance Comparison
The year-to-date returns for both investments are quite close, with PMZIX having a 4.37% return and BIL slightly higher at 4.39%. Over the past 10 years, PMZIX has outperformed BIL with an annualized return of 3.12%, while BIL has yielded a comparatively lower 1.54% 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. BIL - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
PMZIX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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. BIL - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 7.24%, more than BIL's 4.75% 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% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.75% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMZIX vs. BIL - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -9.46%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for PMZIX and BIL. For additional features, visit the drawdowns tool.
Volatility
PMZIX vs. BIL - Volatility Comparison
PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a higher volatility of 0.91% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that PMZIX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.