PZRIX vs. IGAAX
PZRIX (PIMCO RAE Global ex-US Fund) and IGAAX (American Funds International Growth and Income Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, PZRIX returned 10.16%/yr vs 9.45%/yr for IGAAX. Their correlation of 0.90 means they have usually moved in the same direction. PZRIX charges 0.00%/yr vs 0.91%/yr for IGAAX.
Performance
PZRIX vs. IGAAX - Performance Comparison
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Returns By Period
In the year-to-date period, PZRIX achieves a 15.51% return, which is significantly higher than IGAAX's 12.69% return. Over the past 10 years, PZRIX has outperformed IGAAX with an annualized return of 10.16%, while IGAAX has yielded a comparatively lower 9.45% annualized return.
PZRIX
- 1D
- -0.61%
- 1M
- 4.83%
- 6M
- 6.72%
- YTD
- 15.51%
- 1Y
- 31.65%
- 3Y*
- 18.48%
- 5Y*
- 11.32%
- 10Y*
- 10.16%
- ALL TIME*
- 10.34%
IGAAX
- 1D
- 0.69%
- 1M
- 1.28%
- 6M
- 5.53%
- YTD
- 12.69%
- 1Y
- 27.61%
- 3Y*
- 17.24%
- 5Y*
- 9.07%
- 10Y*
- 9.45%
- ALL TIME*
- 8.01%
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 |
PZRIX vs. IGAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 15.51% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
IGAAX American Funds International Growth and Income Fund Class A | 12.69% | 35.09% | 3.28% | 15.25% | -15.47% | 9.80% | 7.78% | 27.11% | -14.38% | 26.08% |
Correlation
The correlation between PZRIX and IGAAX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.90 |
The correlation between PZRIX and IGAAX shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PZRIX vs. IGAAX — Risk / Return Rank
PZRIX
IGAAX
PZRIX vs. IGAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Global ex-US Fund (PZRIX) and American Funds International Growth and Income Fund Class A (IGAAX). 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.
| PZRIX | IGAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 2.47 | +1.48 |
| Martin ratioReturn relative to average drawdown | 11.98 | 9.01 | +2.97 |
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Drawdowns
PZRIX vs. IGAAX - Drawdown Comparison
The maximum PZRIX drawdown since its inception was -43.53%, which is greater than IGAAX's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for PZRIX and IGAAX.
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Drawdown Indicators
| PZRIX | IGAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -35.79% | -7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -10.92% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -12.60% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -29.90% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -43.53% | -35.79% | -7.74% |
Current DrawdownCurrent decline from peak | -0.61% | -0.85% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -7.85% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.99% | -0.30% |
Volatility
PZRIX vs. IGAAX - Volatility Comparison
The current volatility for PIMCO RAE Global ex-US Fund (PZRIX) is 3.30%, while American Funds International Growth and Income Fund Class A (IGAAX) has a volatility of 4.53%. This indicates that PZRIX experiences smaller price fluctuations and is considered to be less risky than IGAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZRIX | IGAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 4.53% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 12.68% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 14.48% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 14.81% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 15.75% | +0.89% |
PZRIX vs. IGAAX - Expense Ratio Comparison
PZRIX has a 0.00% expense ratio, which is lower than IGAAX's 0.91% expense ratio.
Dividends
PZRIX vs. IGAAX - Dividend Comparison
PZRIX's dividend yield for the trailing twelve months is around 5.68%, less than IGAAX's 6.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGAAX American Funds International Growth and Income Fund Class A | 6.85% | 8.14% | 3.37% | 2.29% | 4.00% | 6.91% | 1.37% | 2.40% | 2.81% | 1.85% | 2.35% | 3.25% |
PZRIX PIMCO RAE Global ex-US Fund | 5.68% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Frequently Asked Questions
PZRIX and IGAAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGAAX has higher volatility (4.53%) compared to PZRIX (3.30%). In terms of maximum drawdown, PZRIX dropped -43.53% vs IGAAX's -35.79%.
PZRIX currently has the higher Sharpe Ratio (2.72 vs 1.87), 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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