PNIGX vs. HG=F
PNIGX (BlackRock U.S. Government Bond Portfolio) is Government Bonds fund managed by BlackRock, while HG=F (Copper) is an asset. At a 0.06 correlation, their price movements are largely independent.
Performance
PNIGX vs. HG=F - Performance Comparison
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Returns By Period
PNIGX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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HG=F
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PNIGX vs. HG=F - Yearly Performance Comparison
| 2025 (YTD) | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
PNIGX BlackRock U.S. Government Bond Portfolio | 6.68% | 0.79% | 4.11% | -12.26% |
HG=F Copper | 0.00% | 0.00% | 0.00% | 1.29% |
Correlation
The correlation between PNIGX and HG=F is 0.06, 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 (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.06 |
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Return for Risk
PNIGX vs. HG=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) and Copper (HG=F). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
PNIGX vs. HG=F - Drawdown Comparison
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Volatility
PNIGX vs. HG=F - Volatility Comparison
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Frequently Asked Questions
PNIGX and HG=F have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PNIGX and HG=F
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