PPRMX vs. TIP
Compare and contrast key facts about PIMCO Inflation Response Multi-Asset Fund (PPRMX) and iShares TIPS Bond ETF (TIP).
PPRMX is managed by PIMCO. It was launched on Aug 30, 2011. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPRMX or TIP.
Correlation
The correlation between PPRMX and TIP is 0.50, 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
PPRMX vs. TIP - Performance Comparison
Key characteristics
PPRMX:
1.89
TIP:
1.06
PPRMX:
2.69
TIP:
1.50
PPRMX:
1.36
TIP:
1.18
PPRMX:
2.58
TIP:
0.41
PPRMX:
7.10
TIP:
2.98
PPRMX:
1.49%
TIP:
1.54%
PPRMX:
5.60%
TIP:
4.35%
PPRMX:
-19.32%
TIP:
-14.56%
PPRMX:
0.00%
TIP:
-6.42%
Returns By Period
In the year-to-date period, PPRMX achieves a 4.05% return, which is significantly higher than TIP's 1.60% return. Over the past 10 years, PPRMX has outperformed TIP with an annualized return of 5.51%, while TIP has yielded a comparatively lower 2.18% annualized return.
PPRMX
4.05%
2.79%
4.32%
10.03%
7.73%
5.51%
TIP
1.60%
1.01%
-0.04%
4.58%
1.53%
2.18%
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PPRMX vs. TIP - Expense Ratio Comparison
PPRMX has a 0.76% expense ratio, which is higher than TIP's 0.19% expense ratio.
Risk-Adjusted Performance
PPRMX vs. TIP — Risk-Adjusted Performance Rank
PPRMX
TIP
PPRMX vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Inflation Response Multi-Asset Fund (PPRMX) and iShares TIPS Bond ETF (TIP). 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
PPRMX vs. TIP - Dividend Comparison
PPRMX's dividend yield for the trailing twelve months is around 3.50%, more than TIP's 2.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPRMX PIMCO Inflation Response Multi-Asset Fund | 3.50% | 9.77% | 0.00% | 13.49% | 11.20% | 0.77% | 3.11% | 11.36% | 6.37% | 0.45% | 3.02% | 8.65% |
TIP iShares TIPS Bond ETF | 2.48% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
Drawdowns
PPRMX vs. TIP - Drawdown Comparison
The maximum PPRMX drawdown since its inception was -19.32%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for PPRMX and TIP. For additional features, visit the drawdowns tool.
Volatility
PPRMX vs. TIP - Volatility Comparison
PIMCO Inflation Response Multi-Asset Fund (PPRMX) and iShares TIPS Bond ETF (TIP) have volatilities of 1.17% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.