PPYPX vs. EIISX

Last updated Jun 24, 2026

PPYPX (PIMCO RAE International Fund) and EIISX (Parametric International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, PPYPX returned 9.24%/yr vs 9.31%/yr for EIISX. Their correlation of 0.92 suggests significant overlap in exposure. PPYPX charges 0.60%/yr vs 0.50%/yr for EIISX.

Performance

PPYPX vs. EIISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE International Fund (PPYPX) and Parametric International Equity Fund (EIISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPYPX achieves a 10.21% return, which is significantly higher than EIISX's 5.21% return. Both investments have delivered pretty close results over the past 10 years, with PPYPX having a 9.24% annualized return and EIISX not far ahead at 9.31%.

PPYPX

• 1D: 0.10%
• 1M: -3.06%
• YTD: 10.21%
• 6M: 6.05%
• 1Y: 23.88%
• 3Y*: 16.43%
• 5Y*: 8.54%
• 10Y*: 9.24%

EIISX

• 1D: -0.18%
• 1M: -1.39%
• YTD: 5.21%
• 6M: 4.94%
• 1Y: 13.99%
• 3Y*: 16.20%
• 5Y*: 7.41%
• 10Y*: 9.31%

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

PPYPX vs. EIISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPYPX PIMCO RAE International Fund	10.21%	31.34%	-1.15%	18.13%	-8.73%	10.68%	2.05%	16.43%	-15.49%	24.89%
EIISX Parametric International Equity Fund	5.21%	28.86%	7.31%	15.85%	-15.68%	8.76%	9.96%	22.12%	-11.62%	25.72%

Correlation

The correlation between PPYPX and EIISX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.92

The correlation between PPYPX and EIISX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

PPYPX vs. EIISX — Risk / Return Rank

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

PPYPX

PPYPX Risk / Return Rank: 55
PPYPX Sharpe Ratio Rank: 50
PPYPX Sortino Ratio Rank: 44
PPYPX Omega Ratio Rank: 46
PPYPX Calmar Ratio Rank: 77
PPYPX Martin Ratio Rank: 56

EIISX

EIISX Risk / Return Rank: 24
EIISX Sharpe Ratio Rank: 24
EIISX Sortino Ratio Rank: 23
EIISX Omega Ratio Rank: 23
EIISX Calmar Ratio Rank: 24
EIISX Martin Ratio Rank: 28

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.

PPYPX vs. EIISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE International Fund (PPYPX) and Parametric International Equity Fund (EIISX). 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.

	PPYPX	EIISX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.29	+0.61
Sortino ratio: Return per unit of downside risk	2.57	1.86	+0.71
Omega ratio: Gain probability vs. loss probability	1.34	1.23	+0.11
Calmar ratio: Return relative to maximum drawdown	3.30	1.67	+1.63
Martin ratio: Return relative to average drawdown	10.59	5.96	+4.63

PPYPX vs. EIISX - Sharpe Ratio Comparison

The current PPYPX Sharpe Ratio is 1.91, which is higher than the EIISX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of PPYPX and EIISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPYPX vs. EIISX - Drawdown Comparison

The maximum PPYPX drawdown since its inception was -42.48%, which is greater than EIISX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for PPYPX and EIISX.

Drawdown Indicators

	PPYPX	EIISX	Difference
Max Drawdown Largest peak-to-trough decline	-42.48%	-33.36%	-9.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-8.90%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-14.00%	-11.58%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	-35.65%	-31.33%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	-42.48%	-33.36%	-9.12%
Current Drawdown Current decline from peak	-4.57%	-2.85%	-1.72%
Average Drawdown Average peak-to-trough decline	-10.11%	-6.62%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.50%	-0.18%

Volatility

PPYPX vs. EIISX - Volatility Comparison

PIMCO RAE International Fund (PPYPX) and Parametric International Equity Fund (EIISX) have volatilities of 3.21% and 3.09%, 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.

Volatility by Period

	PPYPX	EIISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	3.09%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	9.23%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	11.55%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	14.55%	+4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	15.34%	+3.62%

PPYPX vs. EIISX - Expense Ratio Comparison

PPYPX has a 0.60% expense ratio, which is higher than EIISX's 0.50% expense ratio.

Dividends

PPYPX vs. EIISX - Dividend Comparison

PPYPX's dividend yield for the trailing twelve months is around 7.06%, less than EIISX's 12.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIISX Parametric International Equity Fund	12.79%	13.46%	10.34%	3.29%	4.37%	4.77%	1.55%	3.10%	3.18%	2.80%	1.81%	2.59%
PPYPX PIMCO RAE International Fund	7.06%	7.78%	6.57%	10.09%	7.20%	27.06%	2.23%	4.20%	5.96%	2.53%	2.41%	0.00%

Frequently Asked Questions

Can I hold both PPYPX and EIISX in my portfolio?

PPYPX and EIISX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPYPX or EIISX?

PPYPX has higher volatility (3.21%) compared to EIISX (3.09%). In terms of maximum drawdown, PPYPX dropped -42.48% vs EIISX's -33.36%.

Which has better risk-adjusted returns?

PPYPX currently has the higher Sharpe Ratio (1.91 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.