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.
Performance
PMZIX vs. BIL - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PMZIX having a 4.69% return and BIL slightly higher at 4.71%. Over the past 10 years, PMZIX has outperformed BIL with an annualized return of 3.15%, while BIL has yielded a comparatively lower 1.57% annualized return.
PMZIX
4.69%
-0.02%
3.49%
8.15%
2.47%
3.15%
BIL
4.71%
0.41%
2.52%
5.26%
2.28%
1.57%
Key characteristics
PMZIX | BIL | |
---|---|---|
Sharpe Ratio | 2.08 | 20.34 |
Sortino Ratio | 3.39 | 271.27 |
Omega Ratio | 1.41 | 157.62 |
Calmar Ratio | 2.09 | 479.70 |
Martin Ratio | 9.42 | 4,417.81 |
Ulcer Index | 0.87% | 0.00% |
Daily Std Dev | 3.92% | 0.26% |
Max Drawdown | -9.46% | -0.77% |
Current Drawdown | -2.02% | 0.00% |
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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.
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.
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 7.90%, more than BIL's 5.15% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMCO Mortgage Opportunities and Bond Fund | 7.90% | 6.69% | 7.19% | 3.62% | 3.95% | 4.35% | 4.34% | 3.61% | 5.24% | 4.11% | 3.89% | 4.01% |
SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 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 0.90% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. 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.