PPQZX vs. SPY
Compare and contrast key facts about PIMCO RealPath Blend 2050 Fund (PPQZX) and State Street SPDR S&P 500 ETF (SPY).
PPQZX is managed by PIMCO. It was launched on Dec 30, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PPQZX vs. SPY - Performance Comparison
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PPQZX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPQZX PIMCO RealPath Blend 2050 Fund | -3.65% | 20.62% | 13.93% | 19.69% | -17.27% | 18.50% | 13.70% | 25.09% | -7.75% | 19.88% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PPQZX achieves a -3.65% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, PPQZX has underperformed SPY with an annualized return of 10.14%, while SPY has yielded a comparatively higher 13.98% annualized return.
PPQZX
- 1D
- -0.22%
- 1M
- -8.32%
- YTD
- -3.65%
- 6M
- -0.79%
- 1Y
- 16.27%
- 3Y*
- 14.04%
- 5Y*
- 8.19%
- 10Y*
- 10.14%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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PPQZX vs. SPY - Expense Ratio Comparison
PPQZX has a 0.06% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PPQZX vs. SPY — Risk / Return Rank
PPQZX
SPY
PPQZX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2050 Fund (PPQZX) and State Street SPDR S&P 500 ETF (SPY). 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.
| PPQZX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.93 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.45 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.53 | -0.20 |
Martin ratioReturn relative to average drawdown | 6.32 | 7.30 | -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. | |||
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Sharpe Ratios by Period
| PPQZX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.93 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.69 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Correlation
The correlation between PPQZX and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PPQZX vs. SPY - Dividend Comparison
PPQZX's dividend yield for the trailing twelve months is around 4.14%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPQZX PIMCO RealPath Blend 2050 Fund | 4.14% | 3.82% | 4.55% | 2.29% | 2.43% | 5.31% | 1.28% | 3.79% | 6.75% | 2.09% | 2.40% | 2.19% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PPQZX vs. SPY - Drawdown Comparison
The maximum PPQZX drawdown since its inception was -31.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PPQZX and SPY.
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Drawdown Indicators
| PPQZX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -55.19% | +23.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.05% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.57% | -24.50% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -33.72% | +2.13% |
Current DrawdownCurrent decline from peak | -8.74% | -6.24% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -9.09% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.52% | -0.18% |
Volatility
PPQZX vs. SPY - Volatility Comparison
The current volatility for PIMCO RealPath Blend 2050 Fund (PPQZX) is 4.59%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that PPQZX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPQZX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 5.31% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 9.47% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 19.05% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 17.06% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 17.92% | -3.18% |