PSAIX vs. PTTRX
PSAIX (PIMCO Global Advantage Strategy Bond Fund) and PTTRX (PIMCO Total Return Fund Institutional Class) are both mutual funds - PSAIX is a Global Bonds fund managed by PIMCO, while PTTRX is a Intermediate Core-Plus Bond fund actively managed by PIMCO. Over the past 10 years, PSAIX returned 3.50%/yr vs 2.27%/yr for PTTRX. A 0.57 correlation means they provide meaningful diversification when combined. PSAIX charges 0.65%/yr vs 0.53%/yr for PTTRX.
Performance
PSAIX vs. PTTRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSAIX achieves a 0.51% return, which is significantly higher than PTTRX's 0.30% return. Over the past 10 years, PSAIX has outperformed PTTRX with an annualized return of 3.50%, while PTTRX has yielded a comparatively lower 2.27% annualized return.
PSAIX
- 1D
- -0.19%
- 1M
- 1.15%
- YTD
- 0.51%
- 6M
- 1.11%
- 1Y
- 5.49%
- 3Y*
- 6.03%
- 5Y*
- 2.00%
- 10Y*
- 3.50%
PTTRX
- 1D
- -0.34%
- 1M
- 0.88%
- YTD
- 0.30%
- 6M
- 0.80%
- 1Y
- 6.09%
- 3Y*
- 5.37%
- 5Y*
- 0.57%
- 10Y*
- 2.27%
PSAIX vs. PTTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSAIX PIMCO Global Advantage Strategy Bond Fund | 0.51% | 8.87% | 3.21% | 7.91% | -11.07% | 1.11% | 7.76% | 8.94% | -0.60% | 7.86% |
PTTRX PIMCO Total Return Fund Institutional Class | 0.30% | 9.35% | 2.62% | 6.33% | -14.72% | -0.59% | 8.88% | 8.36% | -0.24% | 5.13% |
Correlation
The correlation between PSAIX and PTTRX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2009 | 0.57 |
Over the past year, PSAIX and PTTRX have become more correlated (0.83) than their long-term average of 0.57, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSAIX vs. PTTRX — Risk / Return Rank
PSAIX
PTTRX
PSAIX vs. PTTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Advantage Strategy Bond Fund (PSAIX) and PIMCO Total Return Fund Institutional Class (PTTRX). 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.
| PSAIX | PTTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.73 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.01 | 5.09 | -1.08 |
Loading charts...
Drawdowns
PSAIX vs. PTTRX - Drawdown Comparison
The maximum PSAIX drawdown since its inception was -15.35%, smaller than the maximum PTTRX drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PSAIX and PTTRX.
Loading charts...
Drawdown Indicators
| PSAIX | PTTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -19.28% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -3.69% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -6.18% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -19.28% | +3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -15.35% | -19.28% | +3.93% |
Current DrawdownCurrent decline from peak | -1.59% | -1.82% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -2.19% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.25% | +0.18% |
Volatility
PSAIX vs. PTTRX - Volatility Comparison
The current volatility for PIMCO Global Advantage Strategy Bond Fund (PSAIX) is 1.26%, while PIMCO Total Return Fund Institutional Class (PTTRX) has a volatility of 1.39%. This indicates that PSAIX experiences smaller price fluctuations and is considered to be less risky than PTTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PSAIX | PTTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.39% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.63% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 4.63% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 6.28% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.67% | 5.24% | -1.57% |
PSAIX vs. PTTRX - Expense Ratio Comparison
PSAIX has a 0.65% expense ratio, which is higher than PTTRX's 0.53% expense ratio.
Dividends
PSAIX vs. PTTRX - Dividend Comparison
PSAIX's dividend yield for the trailing twelve months is around 4.28%, less than PTTRX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSAIX PIMCO Global Advantage Strategy Bond Fund | 4.28% | 4.22% | 3.66% | 3.14% | 4.10% | 4.61% | 2.20% | 2.79% | 2.43% | 1.83% | 2.03% | 2.52% |
PTTRX PIMCO Total Return Fund Institutional Class | 4.56% | 4.47% | 4.61% | 3.81% | 3.63% | 2.59% | 6.11% | 3.96% | 3.13% | 2.63% | 3.02% | 6.64% |
Frequently Asked Questions
PSAIX and PTTRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTTRX has higher volatility (1.39%) compared to PSAIX (1.26%). In terms of maximum drawdown, PSAIX dropped -15.35% vs PTTRX's -19.28%.
PTTRX currently has the higher Sharpe Ratio (1.38 vs 1.33), 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.
Find the right allocation for PSAIX and PTTRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer