PIMCO Short Asset Investment Fund (PAIPX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PAIPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAIPX
PAIPX charges 0.45% annually. There are 41 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | PAIPX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | PAIPX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | PAIPX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | PAIPX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | PAIPX vs DFYGX |
Best Risk-Adjusted Alternatives to PAIPX
PAIPX has a PortfoliosLab risk / return rank of 100. There are 3 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | PAIPX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PAIPX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PAIPX vs BUBSX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | PAIPX vs FHQFX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | PAIPX vs BUBIX |
Top Performing PAIPX Alternatives (YTD)
PAIPX is at 1.80% YTD. There are 2 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | PAIPX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | PAIPX vs PTSHX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | PAIPX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | PAIPX vs TSDUX | |
| Tactical Multi-Purpose Fund | 1.72% | — | Mar 2017 | PAIPX vs TMPFX |
Lowest Volatility Alternatives to PAIPX
PAIPX has 1.19% 1-year volatility. There are 20 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | PAIPX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | PAIPX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | PAIPX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | PAIPX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | PAIPX vs BUBIX |
Lowest Drawdown Alternatives to PAIPX
PAIPX has a 1-year max drawdown of -0.10%. There is 1 mutual fund in the Ultrashort Bond category with a shallower 1-year drawdown, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | PAIPX vs UGSDX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PAIPX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | PAIPX vs FHQFX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | PAIPX vs BUBSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | PAIPX vs MUIIX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 42 | 0.72% | — | Mar 2007 | PAIPX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -3.45% | — | Dec 2002 | PAIPX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 38 | 0.55% | — | Apr 2007 | PAIPX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 26 | 0.30% | — | May 1987 | PAIPX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 6 | -2.70% | — | Dec 2001 | PAIPX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 41 | 0.68% | — | — | PAIPX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 39 | 8.53% | — | Aug 2007 | PAIPX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 7 | -3.70% | — | Oct 2004 | PAIPX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 10 | 0.43% | — | Dec 1992 | PAIPX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 40 | 13.28% | — | Oct 2003 | PAIPX vs PISIX |
Often Compared With PAIPX
Investors most often compare PAIPX with ASDIX, CUSDX, FISAX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare PAIPX with Any Fund or Stock
Compare PAIPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAIPX with funds that move differently
PIMCO Short Asset Investment Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAIPX.
Explore PAIPX Diversifiers