WBIIX vs. PZRIX

Last updated Aug 4, 2026

WBIIX (William Blair Institutional International Growth Fund) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, WBIIX returned 8.14%/yr vs 10.16%/yr for PZRIX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. WBIIX charges 0.98%/yr vs 0.00%/yr for PZRIX.

Performance

WBIIX vs. PZRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in William Blair Institutional International Growth Fund (WBIIX) and PIMCO RAE Global ex-US Fund (PZRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WBIIX achieves a 10.58% return, which is significantly lower than PZRIX's 15.51% return. Over the past 10 years, WBIIX has underperformed PZRIX with an annualized return of 8.14%, while PZRIX has yielded a comparatively higher 10.16% annualized return.

WBIIX

• 1D: -0.19%
• 1M: -4.22%
• 6M: 5.03%
• YTD: 10.58%
• 1Y: 18.80%
• 3Y*: 11.45%
• 5Y*: 1.81%
• 10Y*: 8.14%
• ALL TIME*: 7.95%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PZRIX PIMCO RAE Global ex-US Fund	$0.00	$0.00	$0.00
WBIIX William Blair Institutional International Growth Fund	$0.00	$0.00	$0.00

WBIIX vs. PZRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBIIX William Blair Institutional International Growth Fund	10.58%	18.16%	2.40%	15.23%	-28.39%	9.30%	32.69%	30.75%	-17.49%	29.51%
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%

Correlation

The correlation between WBIIX and PZRIX is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.76

The correlation between WBIIX and PZRIX shifts across timeframes, from 0.65 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WBIIX vs. PZRIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WBIIX

WBIIX Risk / Return Rank: 29
WBIIX Sharpe Ratio Rank: 28
WBIIX Sortino Ratio Rank: 27
WBIIX Omega Ratio Rank: 30
WBIIX Calmar Ratio Rank: 28
WBIIX Martin Ratio Rank: 30

PZRIX

PZRIX Risk / Return Rank: 92
PZRIX Sharpe Ratio Rank: 96
PZRIX Sortino Ratio Rank: 93
PZRIX Omega Ratio Rank: 91
PZRIX Calmar Ratio Rank: 93
PZRIX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WBIIX vs. PZRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for William Blair Institutional International Growth Fund (WBIIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.

	WBIIX	PZRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.72	-1.69
Sortino ratio: Return per unit of downside risk	1.48	3.69	-2.21
Omega ratio: Gain probability vs. loss probability	1.20	1.49	-0.29
Calmar ratio: Return relative to maximum drawdown	1.37	3.95	-2.58
Martin ratio: Return relative to average drawdown	4.62	11.98	-7.36

WBIIX vs. PZRIX - Sharpe Ratio Comparison

The current WBIIX Sharpe Ratio is 1.02, which is lower than the PZRIX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of WBIIX and PZRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WBIIX vs. PZRIX - Drawdown Comparison

The maximum WBIIX drawdown since its inception was -65.13%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for WBIIX and PZRIX.

Drawdown Indicators

	WBIIX	PZRIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.13%	-43.53%	-21.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.17%	-8.18%	-4.99%
Max Drawdown (3Y) Largest decline over 3 years	-17.06%	-13.81%	-3.25%
Max Drawdown (5Y) Largest decline over 5 years	-40.91%	-30.85%	-10.06%
Max Drawdown (10Y) Largest decline over 10 years	-40.91%	-43.53%	+2.62%
Current Drawdown Current decline from peak	-6.75%	-0.61%	-6.14%
Average Drawdown Average peak-to-trough decline	-14.72%	-8.80%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	2.69%	+1.22%

Volatility

WBIIX vs. PZRIX - Volatility Comparison

William Blair Institutional International Growth Fund (WBIIX) has a higher volatility of 5.84% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 3.30%. This indicates that WBIIX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WBIIX	PZRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	3.30%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	9.66%	+6.06%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	11.96%	+5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	15.72%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	16.64%	+0.54%

WBIIX vs. PZRIX - Expense Ratio Comparison

WBIIX has a 0.98% expense ratio, which is higher than PZRIX's 0.00% expense ratio.

Dividends

WBIIX vs. PZRIX - Dividend Comparison

WBIIX's dividend yield for the trailing twelve months is around 11.33%, more than PZRIX's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WBIIX William Blair Institutional International Growth Fund	11.33%	12.53%	7.49%	2.51%	6.57%	16.58%	12.61%	0.95%	11.74%	4.16%	1.15%	1.28%

Frequently Asked Questions

Can I hold both WBIIX and PZRIX in my portfolio?

WBIIX and PZRIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WBIIX or PZRIX?

WBIIX has higher volatility (5.84%) compared to PZRIX (3.30%). In terms of maximum drawdown, WBIIX dropped -65.13% vs PZRIX's -43.53%.

Which has better risk-adjusted returns?

PZRIX currently has the higher Sharpe Ratio (2.72 vs 1.02), 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.