PTTRX vs. PAAIX
PTTRX (PIMCO Total Return Fund Institutional Class) and PAAIX (PIMCO All Asset Fund) are both mutual funds - PTTRX is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while PAAIX is a Tactical Allocation fund managed by PIMCO. Over the past 10 years, PTTRX returned 2.02%/yr vs 6.67%/yr for PAAIX. Their 0.42 correlation means their historical movements had little consistent relationship. PTTRX charges 0.53%/yr vs 1.40%/yr for PAAIX.
Performance
PTTRX vs. PAAIX - Performance Comparison
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Returns By Period
In the year-to-date period, PTTRX achieves a -0.45% return, which is significantly lower than PAAIX's 9.59% return. Over the past 10 years, PTTRX has underperformed PAAIX with an annualized return of 2.02%, while PAAIX has yielded a comparatively higher 6.67% annualized return.
PTTRX
- 1D
- 0.00%
- 1M
- -1.37%
- 6M
- -0.80%
- YTD
- -0.45%
- 1Y
- 3.18%
- 3Y*
- 5.00%
- 5Y*
- 0.14%
- 10Y*
- 2.02%
- ALL TIME*
- 5.53%
PAAIX
- 1D
- 0.00%
- 1M
- 0.58%
- 6M
- 6.06%
- YTD
- 9.59%
- 1Y
- 17.71%
- 3Y*
- 9.30%
- 5Y*
- 4.78%
- 10Y*
- 6.67%
- ALL TIME*
- 6.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PAAIX PIMCO All Asset Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PTTRX vs. PAAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTTRX PIMCO Total Return Fund Institutional Class | -0.45% | 9.35% | 2.62% | 6.33% | -14.72% | -0.59% | 8.88% | 8.36% | -0.24% | 5.13% |
PAAIX PIMCO All Asset Fund | 9.59% | 13.20% | 4.12% | 8.19% | -11.52% | 15.61% | 8.38% | 12.21% | -4.97% | 13.99% |
Correlation
The correlation between PTTRX and PAAIX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2002 | 0.42 |
The correlation between PTTRX and PAAIX shifts across timeframes, from 0.37 (10 years) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTTRX vs. PAAIX — Risk / Return Rank
PTTRX
PAAIX
PTTRX vs. PAAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Institutional Class (PTTRX) and PIMCO All Asset Fund (PAAIX). 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.
| PTTRX | PAAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.55 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.58 | -2.34 |
| Martin ratioReturn relative to average drawdown | 3.31 | 14.30 | -10.99 |
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Drawdowns
PTTRX vs. PAAIX - Drawdown Comparison
The maximum PTTRX drawdown since its inception was -19.28%, smaller than the maximum PAAIX drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for PTTRX and PAAIX.
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Drawdown Indicators
| PTTRX | PAAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -27.59% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -4.87% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -7.52% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -19.83% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -22.64% | +3.36% |
Current DrawdownCurrent decline from peak | -2.56% | -0.25% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.75% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.22% | +0.16% |
Volatility
PTTRX vs. PAAIX - Volatility Comparison
PIMCO Total Return Fund Institutional Class (PTTRX) has a higher volatility of 1.22% compared to PIMCO All Asset Fund (PAAIX) at 1.11%. This indicates that PTTRX's price experiences larger fluctuations and is considered to be riskier than PAAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTTRX | PAAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.11% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 4.74% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 5.98% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 7.76% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 7.74% | -2.50% |
PTTRX vs. PAAIX - Expense Ratio Comparison
PTTRX has a 0.53% expense ratio, which is lower than PAAIX's 1.40% expense ratio.
Dividends
PTTRX vs. PAAIX - Dividend Comparison
PTTRX's dividend yield for the trailing twelve months is around 4.26%, less than PAAIX's 8.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 8.03% | 7.12% | 5.92% | 3.20% | 7.68% | 11.90% | 3.56% | 3.33% | 5.50% | 4.48% | 3.60% | 3.93% |
PTTRX PIMCO Total Return Fund Institutional Class | 4.26% | 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
PTTRX and PAAIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTTRX has higher volatility (1.22%) compared to PAAIX (1.11%). In terms of maximum drawdown, PTTRX dropped -19.28% vs PAAIX's -27.59%.
PAAIX currently has the higher Sharpe Ratio (2.93 vs 1.00), 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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