PZRIX vs. PIEQX
PZRIX (PIMCO RAE Global ex-US Fund) and PIEQX (T. Rowe Price International Equity Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, PZRIX returned 9.99%/yr vs 9.17%/yr for PIEQX. Their correlation of 0.92 means they have usually moved in the same direction. PZRIX charges 0.00%/yr vs 0.29%/yr for PIEQX.
Performance
PZRIX vs. PIEQX - Performance Comparison
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Returns By Period
In the year-to-date period, PZRIX achieves a 15.43% return, which is significantly higher than PIEQX's 12.27% return. Over the past 10 years, PZRIX has outperformed PIEQX with an annualized return of 9.99%, while PIEQX has yielded a comparatively lower 9.17% annualized return.
PZRIX
- 1D
- -0.08%
- 1M
- 4.75%
- 6M
- 5.68%
- YTD
- 15.43%
- 1Y
- 30.32%
- 3Y*
- 19.23%
- 5Y*
- 11.15%
- 10Y*
- 9.99%
- ALL TIME*
- 10.33%
PIEQX
- 1D
- 0.54%
- 1M
- 1.82%
- 6M
- 6.16%
- YTD
- 12.27%
- 1Y
- 24.01%
- 3Y*
- 17.23%
- 5Y*
- 9.05%
- 10Y*
- 9.17%
- ALL TIME*
- 5.45%
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. PIEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 15.43% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
PIEQX T. Rowe Price International Equity Index Fund | 12.27% | 31.37% | 3.40% | 18.07% | -14.54% | 11.02% | 9.21% | 21.04% | -14.29% | 23.44% |
Correlation
The correlation between PZRIX and PIEQX is 0.82, 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. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.92 |
The correlation between PZRIX and PIEQX has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.
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Return for Risk
PZRIX vs. PIEQX — Risk / Return Rank
PZRIX
PIEQX
PZRIX vs. PIEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Global ex-US Fund (PZRIX) and T. Rowe Price International Equity Index Fund (PIEQX). 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 | PIEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.29 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.27 | +1.62 |
| Martin ratioReturn relative to average drawdown | 11.80 | 8.56 | +3.24 |
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Drawdowns
PZRIX vs. PIEQX - Drawdown Comparison
The maximum PZRIX drawdown since its inception was -43.53%, smaller than the maximum PIEQX drawdown of -60.73%. Use the drawdown chart below to compare losses from any high point for PZRIX and PIEQX.
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Drawdown Indicators
| PZRIX | PIEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -60.73% | +17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -11.38% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -13.70% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -29.56% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -43.53% | -35.19% | -8.34% |
Current DrawdownCurrent decline from peak | -0.69% | -0.22% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -13.87% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.01% | -0.32% |
Volatility
PZRIX vs. PIEQX - Volatility Comparison
The current volatility for PIMCO RAE Global ex-US Fund (PZRIX) is 2.73%, while T. Rowe Price International Equity Index Fund (PIEQX) has a volatility of 4.44%. This indicates that PZRIX experiences smaller price fluctuations and is considered to be less risky than PIEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZRIX | PIEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.44% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 13.50% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 15.88% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 16.40% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.53% | +0.11% |
PZRIX vs. PIEQX - Expense Ratio Comparison
PZRIX has a 0.00% expense ratio, which is lower than PIEQX's 0.29% expense ratio.
Dividends
PZRIX vs. PIEQX - Dividend Comparison
PZRIX's dividend yield for the trailing twelve months is around 5.68%, more than PIEQX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 2.84% | 3.19% | 2.89% | 3.00% | 2.67% | 3.15% | 1.71% | 2.82% | 2.99% | 0.21% | 2.90% | 2.69% |
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 PIEQX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIEQX has higher volatility (4.44%) compared to PZRIX (2.73%). In terms of maximum drawdown, PZRIX dropped -43.53% vs PIEQX's -60.73%.
PZRIX currently has the higher Sharpe Ratio (2.67 vs 1.63), 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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