PNI.AX vs. III.L

Last updated Jun 5, 2026

PNI.AX (Pinnacle Investment Management Group Limited) and III.L (3I Group plc) are both stocks. Both are in the Financial Services sector — PNI.AX in Asset Management, III.L in Investment Banking & Investment Services. Over the past 10 years, PNI.AX returned 30.56%/yr vs 17.71%/yr for III.L. At a 0.06 correlation, their price movements are largely independent.

Performance

PNI.AX vs. III.L - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Pinnacle Investment Management Group Limited (PNI.AX) and 3I Group plc (III.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PNI.AX is traded in AUD, while III.L is traded in GBp. To make them comparable, the III.L values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PNI.AX achieves a -11.13% return, which is significantly higher than III.L's -37.37% return. Over the past 10 years, PNI.AX has outperformed III.L with an annualized return of 30.56%, while III.L has yielded a comparatively lower 17.71% annualized return.

PNI.AX

• 1D: -3.98%
• 1M: -8.56%
• YTD: -11.13%
• 6M: -9.49%
• 1Y: -23.66%
• 3Y*: 22.64%
• 5Y*: 10.76%
• 10Y*: 30.56%

III.L

• 1D: 2.77%
• 1M: -17.75%
• YTD: -37.37%
• 6M: -36.47%
• 1Y: -51.36%
• 3Y*: 6.29%
• 5Y*: 15.70%
• 10Y*: 17.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PNI.AX vs. III.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNI.AX Pinnacle Investment Management Group Limited	-11.13%	-22.78%	133.43%	20.10%	-42.17%	124.85%	57.06%	9.68%	20.71%	55.76%
III.L 3I Group plc	-37.37%	-6.69%	62.47%	95.39%	-8.08%	35.31%	2.81%	53.73%	-8.59%	33.67%

Correlation

The correlation between PNI.AX and III.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	0.06

Return for Risk

PNI.AX vs. III.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PNI.AX

PNI.AX Risk / Return Rank: 20
PNI.AX Sharpe Ratio Rank: 16
PNI.AX Sortino Ratio Rank: 17
PNI.AX Omega Ratio Rank: 19
PNI.AX Calmar Ratio Rank: 23
PNI.AX Martin Ratio Rank: 24

III.L

III.L Risk / Return Rank: 5
III.L Sharpe Ratio Rank: 4
III.L Sortino Ratio Rank: 6
III.L Omega Ratio Rank: 5
III.L Calmar Ratio Rank: 8
III.L Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PNI.AX vs. III.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pinnacle Investment Management Group Limited (PNI.AX) and 3I Group plc (III.L). 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.

	PNI.AX	III.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-1.19	+0.62
Sortino ratio: Return per unit of downside risk	-0.64	-1.76	+1.12
Omega ratio: Gain probability vs. loss probability	0.93	0.75	+0.18
Calmar ratio: Return relative to maximum drawdown	-0.52	-0.91	+0.39
Martin ratio: Return relative to average drawdown	-0.87	-1.84	+0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PNI.AX vs. III.L - Sharpe Ratio Comparison

The current PNI.AX Sharpe Ratio is -0.58, which is higher than the III.L Sharpe Ratio of -1.19. The chart below compares the historical Sharpe Ratios of PNI.AX and III.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PNI.AX	III.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	-1.19	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.51	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.58	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.24	-0.01

Drawdowns

PNI.AX vs. III.L - Drawdown Comparison

The maximum PNI.AX drawdown since its inception was -96.10%, which is greater than III.L's maximum drawdown of -85.44%. Use the drawdown chart below to compare losses from any high point for PNI.AX and III.L.

Drawdown Indicators

	PNI.AX	III.L	Difference
Max Drawdown Largest peak-to-trough decline	-96.10%	-85.44%	-10.66%
Max Drawdown (1Y) Largest decline over 1 year	-48.19%	-56.51%	+8.32%
Max Drawdown (3Y) Largest decline over 3 years	-48.80%	-56.51%	+7.71%
Max Drawdown (5Y) Largest decline over 5 years	-64.37%	-56.51%	-7.86%
Max Drawdown (10Y) Largest decline over 10 years	-68.78%	-56.51%	-12.27%
Current Drawdown Current decline from peak	-39.78%	-54.05%	+14.27%
Average Drawdown Average peak-to-trough decline	-50.33%	-31.96%	-18.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.94%	27.99%	+0.95%

Volatility

PNI.AX vs. III.L - Volatility Comparison

The current volatility for Pinnacle Investment Management Group Limited (PNI.AX) is 9.22%, while 3I Group plc (III.L) has a volatility of 19.68%. This indicates that PNI.AX experiences smaller price fluctuations and is considered to be less risky than III.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNI.AX	III.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	19.68%	-10.46%
Volatility (6M) Calculated over the trailing 6-month period	32.98%	37.17%	-4.19%
Volatility (1Y) Calculated over the trailing 1-year period	44.04%	43.16%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.40%	30.78%	+11.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.28%	30.64%	+13.64%

Dividends

PNI.AX vs. III.L - Dividend Comparison

PNI.AX's dividend yield for the trailing twelve months is around 3.74%, more than III.L's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
III.L 3I Group plc	3.61%	2.42%	1.82%	2.32%	3.76%	2.78%	3.02%	3.42%	3.75%	1.75%	2.64%	1.68%
PNI.AX Pinnacle Investment Management Group Limited	3.74%	3.50%	1.84%	3.57%	4.01%	1.84%	2.17%	3.30%	2.64%	1.50%	3.42%	3.56%

Financials

Frequently Asked Questions

Can I hold both PNI.AX and III.L in my portfolio?

PNI.AX and III.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.