These are just *two* PIMCO funds in the gutter. They have several funds in the top 10%.
Also, the E- funds are in the long bond category, and invest in gov’t paper, while the A+ funds are in much shorter term corporate paper… I assume the risk adjustment shows the under/out-performance of a fund to its investment style, but comparing the A+ to E- funds isn’t truly apples to apples. As one who investigates the data and debunks the relevance of popular statistics, I’d think you’d have issues with that…
Plus, many Rydex & ProFunds offerings are essentially index funds that investors trade to implement their own strategies (direct, inverse, leveraged). They exist to match an index vs. activley attempting to outperform the market, like a typical “buy & hold” mutual fund. These funds can be great tools to allow an investor to bypass the inability to short or use “margin” in their IRA/401k (for those that can tolerate the substantial risk).
