PTRIX vs. IWL

Last updated Jun 24, 2026

PTRIX (PIMCO Mortgage-Backed Securities Fund) and IWL (iShares Russell Top 200 ETF) are both funds - PTRIX is a Intermediate Core-Plus Bond fund managed by PIMCO, while IWL is a Large Cap Growth Equities fund tracking the Russell Top 200 Index. At a correlation of -0.09, they often move in opposite directions. PTRIX charges 0.50%/yr vs 0.15%/yr for IWL.

Performance

PTRIX vs. IWL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Mortgage-Backed Securities Fund (PTRIX) and iShares Russell Top 200 ETF (IWL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PTRIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWL

• 1D: -1.37%
• 1M: -1.88%
• YTD: 6.83%
• 6M: 5.97%
• 1Y: 23.48%
• 3Y*: 21.53%
• 5Y*: 13.60%
• 10Y*: 16.38%

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

PTRIX vs. IWL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	5.87%	5.25%	-14.13%	1.04%	5.30%	6.44%	1.35%	4.38%
IWL iShares Russell Top 200 ETF	6.83%	19.09%	27.12%	29.77%	-19.89%	27.79%	22.10%	31.42%	-3.30%	22.90%

Correlation

The correlation between PTRIX and IWL is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009	-0.09

The correlation between PTRIX and IWL shifts across timeframes, from -0.09 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PTRIX vs. IWL — Risk / Return Rank

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

PTRIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IWL

IWL Risk / Return Rank: 55
IWL Sharpe Ratio Rank: 57
IWL Sortino Ratio Rank: 54
IWL Omega Ratio Rank: 55
IWL Calmar Ratio Rank: 51
IWL Martin Ratio Rank: 60

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.

PTRIX vs. IWL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Fund (PTRIX) and iShares Russell Top 200 ETF (IWL). 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.

	PTRIX	IWL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.49	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.40	—
Martin ratio: Return relative to average drawdown	—	10.25	—

Drawdowns

Drawdown Indicators

	PTRIX	IWL	Difference
Max Drawdown Largest peak-to-trough decline	—	-32.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.71%	—
Current Drawdown Current decline from peak	—	-3.71%	—
Average Drawdown Average peak-to-trough decline	—	-3.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.30%	—

Volatility

Volatility by Period

	PTRIX	IWL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.11%	—

PTRIX vs. IWL - Expense Ratio Comparison

PTRIX has a 0.50% expense ratio, which is higher than IWL's 0.15% expense ratio.

Dividends

PTRIX vs. IWL - Dividend Comparison

PTRIX has not paid dividends to shareholders, while IWL's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWL iShares Russell Top 200 ETF	0.87%	0.90%	1.04%	1.30%	1.54%	1.12%	1.30%	1.96%	1.93%	1.69%	1.96%	2.14%
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	4.07%	5.32%	3.82%	3.02%	2.89%	3.73%	3.54%	3.04%	3.18%	2.43%

Frequently Asked Questions

Can I hold both PTRIX and IWL in my portfolio?

PTRIX and IWL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.