Correlation
The correlation between PMZIX and BIL is 0.01, 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.
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
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Key characteristics
PMZIX:
1.96
BIL:
20.86
PMZIX:
2.97
BIL:
244.30
PMZIX:
1.36
BIL:
139.79
PMZIX:
3.10
BIL:
431.01
PMZIX:
7.15
BIL:
4,844.02
PMZIX:
1.01%
BIL:
0.00%
PMZIX:
3.95%
BIL:
0.23%
PMZIX:
-9.46%
BIL:
-0.77%
PMZIX:
-1.00%
BIL:
0.00%
Returns By Period
In the year-to-date period, PMZIX achieves a 2.56% return, which is significantly higher than BIL's 1.68% return. Over the past 10 years, PMZIX has outperformed BIL with an annualized return of 3.29%, while BIL has yielded a comparatively lower 1.79% annualized return.
PMZIX
2.56%
-0.15%
3.03%
7.66%
4.07%
3.09%
3.29%
BIL
1.68%
0.34%
2.11%
4.72%
4.39%
2.60%
1.79%
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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 Rank
PMZIX
BIL
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.
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Dividends
PMZIX vs. BIL - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 7.19%, more than BIL's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 7.19% | 7.58% | 6.70% | 7.20% | 3.65% | 3.97% | 4.39% | 4.35% | 3.61% | 5.24% | 4.11% | 3.89% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 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.
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Volatility
PMZIX vs. BIL - Volatility Comparison
PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a higher volatility of 1.16% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.06%. 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.
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