PNIGX vs. ^STOXX

Last updated Jul 4, 2026

PNIGX (BlackRock U.S. Government Bond Portfolio) is Government Bonds fund managed by BlackRock, while ^STOXX (STOXX Europe 600 Index) is an index. At a correlation of -0.09, they often move in opposite directions.

Performance

PNIGX vs. ^STOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Government Bond Portfolio (PNIGX) and STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PNIGX is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.

Returns By Period

PNIGX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^STOXX

• 1D: 0.72%
• 1M: 4.06%
• 6M: 7.21%
• YTD: 7.21%
• 1Y: 17.22%
• 3Y*: 14.16%
• 5Y*: 6.62%
• 10Y*: 7.60%

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

PNIGX vs. ^STOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNIGX BlackRock U.S. Government Bond Portfolio	0.00%	6.68%	0.79%	4.11%	-13.73%	-1.36%	6.69%	6.88%	0.56%	1.94%
^STOXX STOXX Europe 600 Index	7.21%	32.56%	-0.63%	16.30%	-17.85%	12.47%	5.57%	21.16%	-17.67%	22.91%

Correlation

The correlation between PNIGX and ^STOXX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007	-0.09

The correlation between PNIGX and ^STOXX shifts across timeframes, from -0.09 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PNIGX vs. ^STOXX — Risk / Return Rank

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

PNIGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

^STOXX

^STOXX Risk / Return Rank: 72
^STOXX Sharpe Ratio Rank: 75
^STOXX Sortino Ratio Rank: 80
^STOXX Omega Ratio Rank: 82
^STOXX Calmar Ratio Rank: 60
^STOXX Martin Ratio Rank: 62

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.

PNIGX vs. ^STOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) and STOXX Europe 600 Index (^STOXX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PNIGX	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.17	—
Sortino ratio: Return per unit of downside risk	—	1.75	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.47	—
Martin ratio: Return relative to average drawdown	—	4.89	—

Drawdowns

Drawdown Indicators

	PNIGX	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	—	-64.60%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.58%	—
Current Drawdown Current decline from peak	—	-0.32%	—
Average Drawdown Average peak-to-trough decline	—	-22.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.46%	—

Volatility

Volatility by Period

	PNIGX	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.29%	—

Frequently Asked Questions

Can I hold both PNIGX and ^STOXX in my portfolio?

PNIGX and ^STOXX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.