SAXIX vs. PAIIX
Compare and contrast key facts about SA Global Fixed Income Fund (SAXIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX).
SAXIX is managed by SA Funds. It was launched on Jul 28, 1999. PAIIX is managed by PIMCO. It was launched on Oct 1, 1995.
Performance
SAXIX vs. PAIIX - Performance Comparison
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SAXIX vs. PAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAXIX SA Global Fixed Income Fund | 0.12% | 4.87% | 5.33% | 4.55% | -6.79% | -1.59% | 0.89% | 3.40% | 1.17% | 1.17% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -2.94% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
Returns By Period
In the year-to-date period, SAXIX achieves a 0.12% return, which is significantly higher than PAIIX's -2.94% return. Over the past 10 years, SAXIX has underperformed PAIIX with an annualized return of 1.19%, while PAIIX has yielded a comparatively higher 2.78% annualized return.
SAXIX
- 1D
- 0.23%
- 1M
- -1.36%
- YTD
- 0.12%
- 6M
- 0.60%
- 1Y
- 3.44%
- 3Y*
- 4.50%
- 5Y*
- 1.22%
- 10Y*
- 1.19%
PAIIX
- 1D
- 0.42%
- 1M
- -3.85%
- YTD
- -2.94%
- 6M
- -1.59%
- 1Y
- 2.48%
- 3Y*
- 4.59%
- 5Y*
- 1.73%
- 10Y*
- 2.78%
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SAXIX vs. PAIIX - Expense Ratio Comparison
SAXIX has a 0.71% expense ratio, which is lower than PAIIX's 0.90% expense ratio.
Return for Risk
SAXIX vs. PAIIX — Risk / Return Rank
SAXIX
PAIIX
SAXIX vs. PAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Global Fixed Income Fund (SAXIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). 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.
| SAXIX | PAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.75 | +1.05 |
Sortino ratioReturn per unit of downside risk | 2.74 | 1.03 | +1.71 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.74 | +1.95 |
Martin ratioReturn relative to average drawdown | 9.77 | 3.24 | +6.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAXIX | PAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.75 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.54 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.96 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.09 | -0.45 |
Correlation
The correlation between SAXIX and PAIIX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SAXIX vs. PAIIX - Dividend Comparison
SAXIX's dividend yield for the trailing twelve months is around 4.84%, more than PAIIX's 4.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAXIX SA Global Fixed Income Fund | 4.84% | 4.85% | 6.01% | 0.00% | 3.58% | 0.00% | 2.16% | 2.83% | 2.11% | 0.85% | 1.25% | 0.80% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.35% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
Drawdowns
SAXIX vs. PAIIX - Drawdown Comparison
The maximum SAXIX drawdown since its inception was -9.94%, smaller than the maximum PAIIX drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for SAXIX and PAIIX.
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Drawdown Indicators
| SAXIX | PAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.94% | -13.59% | +3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -4.25% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -9.94% | -9.91% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -9.94% | -10.44% | +0.50% |
Current DrawdownCurrent decline from peak | -1.36% | -3.85% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -1.99% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.97% | -0.53% |
Volatility
SAXIX vs. PAIIX - Volatility Comparison
The current volatility for SA Global Fixed Income Fund (SAXIX) is 0.84%, while PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a volatility of 2.23%. This indicates that SAXIX experiences smaller price fluctuations and is considered to be less risky than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAXIX | PAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 2.23% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 2.86% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 3.94% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 3.25% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 2.92% | -0.85% |