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.
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
Key characteristics
PMZIX:
1.69
BIL:
20.42
PMZIX:
2.74
BIL:
263.27
PMZIX:
1.34
BIL:
153.00
PMZIX:
2.87
BIL:
466.77
PMZIX:
6.58
BIL:
4,284.36
PMZIX:
1.01%
BIL:
0.00%
PMZIX:
3.93%
BIL:
0.25%
PMZIX:
-9.46%
BIL:
-0.77%
PMZIX:
-0.83%
BIL:
0.00%
Returns By Period
In the year-to-date period, PMZIX achieves a 0.22% return, which is significantly lower than BIL's 0.30% return. Over the past 10 years, PMZIX has outperformed BIL with an annualized return of 3.19%, while BIL has yielded a comparatively lower 1.65% annualized return.
PMZIX
0.22%
1.04%
2.31%
6.42%
2.52%
3.19%
BIL
0.30%
0.32%
2.39%
5.08%
2.39%
1.65%
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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.
Dividends
PMZIX vs. BIL - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 7.56%, more than BIL's 5.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 7.56% | 7.58% | 6.69% | 7.19% | 3.62% | 3.95% | 4.35% | 4.34% | 3.61% | 5.24% | 4.11% | 3.89% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.01% | 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. 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 1.22% 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.