PRAIX vs. VCTPX
PRAIX (PIMCO Long-Term Real Return Fund) and VCTPX (VALIC Company I Inflation Protected Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, PRAIX returned 0.18%/yr vs 2.15%/yr for VCTPX. Their correlation of 0.86 means they have usually moved in the same direction. PRAIX charges 0.50%/yr vs 0.52%/yr for VCTPX.
Performance
PRAIX vs. VCTPX - Performance Comparison
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Returns By Period
In the year-to-date period, PRAIX achieves a -4.92% return, which is significantly lower than VCTPX's 0.84% return. Over the past 10 years, PRAIX has underperformed VCTPX with an annualized return of 0.18%, while VCTPX has yielded a comparatively higher 2.15% annualized return.
PRAIX
- 1D
- -0.47%
- 1M
- -4.61%
- 6M
- -4.26%
- YTD
- -4.92%
- 1Y
- -2.85%
- 3Y*
- -1.40%
- 5Y*
- -7.98%
- 10Y*
- 0.18%
- ALL TIME*
- 4.50%
VCTPX
- 1D
- -0.11%
- 1M
- -0.91%
- 6M
- 0.50%
- YTD
- 0.84%
- 1Y
- 2.57%
- 3Y*
- 2.81%
- 5Y*
- 0.24%
- 10Y*
- 2.15%
- ALL TIME*
- 1.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRAIX vs. VCTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRAIX PIMCO Long-Term Real Return Fund | -4.92% | 5.26% | -4.11% | 0.14% | -33.83% | 7.21% | 27.16% | 19.62% | -6.49% | 8.84% |
VCTPX VALIC Company I Inflation Protected Fund | 0.84% | 4.22% | 1.15% | 4.03% | -10.23% | 5.10% | 8.76% | 8.66% | -3.13% | 4.86% |
Correlation
The correlation between PRAIX and VCTPX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2004 | 0.86 |
The correlation between PRAIX and VCTPX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
PRAIX vs. VCTPX — Risk / Return Rank
PRAIX
VCTPX
PRAIX vs. VCTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Long-Term Real Return Fund (PRAIX) and VALIC Company I Inflation Protected Fund (VCTPX). 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.
| PRAIX | VCTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.67 | -1.90 |
| Martin ratioReturn relative to average drawdown | -0.52 | 4.15 | -4.66 |
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Drawdowns
PRAIX vs. VCTPX - Drawdown Comparison
The maximum PRAIX drawdown since its inception was -43.52%, which is greater than VCTPX's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for PRAIX and VCTPX.
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Drawdown Indicators
| PRAIX | VCTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -17.48% | -26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.70% | -1.84% | -6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -5.19% | -7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -43.52% | -12.81% | -30.71% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -12.81% | -30.71% |
Current DrawdownCurrent decline from peak | -37.43% | -1.47% | -35.96% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -5.80% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 0.74% | +3.16% |
Volatility
PRAIX vs. VCTPX - Volatility Comparison
PIMCO Long-Term Real Return Fund (PRAIX) has a higher volatility of 2.09% compared to VALIC Company I Inflation Protected Fund (VCTPX) at 0.69%. This indicates that PRAIX's price experiences larger fluctuations and is considered to be riskier than VCTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAIX | VCTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 0.69% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 2.26% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.24% | 3.02% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 5.60% | +10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 4.87% | +10.08% |
PRAIX vs. VCTPX - Expense Ratio Comparison
PRAIX has a 0.50% expense ratio, which is lower than VCTPX's 0.52% expense ratio.
Dividends
PRAIX vs. VCTPX - Dividend Comparison
PRAIX's dividend yield for the trailing twelve months is around 6.57%, more than VCTPX's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRAIX PIMCO Long-Term Real Return Fund | 6.57% | 5.72% | 4.64% | 4.75% | 12.40% | 15.85% | 37.88% | 7.20% | 3.06% | 2.76% | 1.54% | 2.05% |
VCTPX VALIC Company I Inflation Protected Fund | 2.59% | 0.00% | 13.97% | 13.35% | 8.00% | 1.86% | 2.20% | 1.63% | 1.98% | 0.39% | 0.00% | 0.00% |
Frequently Asked Questions
PRAIX and VCTPX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRAIX has higher volatility (2.09%) compared to VCTPX (0.69%). In terms of maximum drawdown, PRAIX dropped -43.52% vs VCTPX's -17.48%.
VCTPX currently has the higher Sharpe Ratio (1.01 vs -0.22), 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.
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