PMZIX vs. GIOIX
Compare and contrast key facts about PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and Guggenheim Macro Opportunities Fund (GIOIX).
PMZIX is managed by PIMCO. It was launched on Oct 21, 2012. GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMZIX or GIOIX.
Key characteristics
| PMZIX | GIOIX | |
|---|---|---|
| YTD Return | 4.37% | 6.45% |
| 1Y Return | 9.47% | 12.00% |
| 3Y Return (Ann) | 1.36% | 2.46% |
| 5Y Return (Ann) | 2.35% | 4.20% |
| 10Y Return (Ann) | 3.12% | 3.86% |
| Sharpe Ratio | 2.50 | 4.55 |
| Sortino Ratio | 4.16 | 9.80 |
| Omega Ratio | 1.51 | 2.41 |
| Calmar Ratio | 2.01 | 2.76 |
| Martin Ratio | 14.19 | 40.13 |
| Ulcer Index | 0.73% | 0.31% |
| Daily Std Dev | 4.12% | 2.70% |
| Max Drawdown | -9.46% | -12.22% |
| Current Drawdown | -2.32% | -0.72% |
Correlation
The correlation between PMZIX and GIOIX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PMZIX vs. GIOIX - Performance Comparison
In the year-to-date period, PMZIX achieves a 4.37% return, which is significantly lower than GIOIX's 6.45% return. Over the past 10 years, PMZIX has underperformed GIOIX with an annualized return of 3.12%, while GIOIX has yielded a comparatively higher 3.86% 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. GIOIX - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is lower than GIOIX's 0.96% expense ratio.
Risk-Adjusted Performance
PMZIX vs. GIOIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and Guggenheim Macro Opportunities Fund (GIOIX). 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. GIOIX - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 7.24%, more than GIOIX's 5.82% 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% |
GIOIX Guggenheim Macro Opportunities Fund | 5.82% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.64% | 3.53% | 5.38% | 5.48% | 4.96% | 5.43% |
Drawdowns
PMZIX vs. GIOIX - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -9.46%, smaller than the maximum GIOIX drawdown of -12.22%. Use the drawdown chart below to compare losses from any high point for PMZIX and GIOIX. For additional features, visit the drawdowns tool.
Volatility
PMZIX vs. GIOIX - Volatility Comparison
PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a higher volatility of 0.91% compared to Guggenheim Macro Opportunities Fund (GIOIX) at 0.40%. This indicates that PMZIX's price experiences larger fluctuations and is considered to be riskier than GIOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.