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.
Performance
PMZIX vs. BIL - Performance Comparison
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PMZIX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | -0.31% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.04% | 1.55% | 5.50% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, PMZIX achieves a -0.31% return, which is significantly lower than BIL's 0.85% return. Over the past 10 years, PMZIX has outperformed BIL with an annualized return of 3.59%, while BIL has yielded a comparatively lower 2.12% annualized return.
PMZIX
- 1D
- 0.43%
- 1M
- -1.89%
- YTD
- -0.31%
- 6M
- 1.54%
- 1Y
- 5.09%
- 3Y*
- 6.31%
- 5Y*
- 2.81%
- 10Y*
- 3.59%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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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.
Return for Risk
PMZIX vs. BIL — Risk / Return Rank
PMZIX
BIL
PMZIX vs. BIL - Risk-Adjusted Trends 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.
| PMZIX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 19.52 | -17.95 |
Sortino ratioReturn per unit of downside risk | 2.47 | 254.04 | -251.57 |
Omega ratioGain probability vs. loss probability | 1.31 | 180.28 | -178.96 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 365.54 | -363.09 |
Martin ratioReturn relative to average drawdown | 8.69 | 4,104.04 | -4,095.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMZIX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 19.52 | -17.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 12.54 | -11.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 8.22 | -7.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 2.72 | -1.50 |
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.
Dividends
PMZIX vs. BIL - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 5.20%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.20% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
PMZIX vs. BIL - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -10.44%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for PMZIX and BIL.
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Drawdown Indicators
| PMZIX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.44% | -0.78% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -0.01% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -0.12% | -10.32% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -0.21% | -10.23% |
Current DrawdownCurrent decline from peak | -1.89% | 0.00% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -0.26% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.00% | +0.68% |
Volatility
PMZIX vs. BIL - Volatility Comparison
PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a higher volatility of 1.26% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. 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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Volatility by Period
| PMZIX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.05% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 0.14% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 0.21% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 0.26% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 0.26% | +2.93% |