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 | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PAIPX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PAIPX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | PAIPX vs BUBIX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | PAIPX vs ENIAX | |
| CrossingBridge Ultra-Short Duration Fund | 99 | — | Jun 2021 | PAIPX vs CBUDX |
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 | 1.92% | — | Oct 1987 | PAIPX vs PTSHX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | PAIPX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | PAIPX vs TRSTX | |
| Guggenheim Ultra Short Duration Fund | 1.63% | — | Mar 2014 | PAIPX vs GIYIX |
Lowest Volatility Alternatives to PAIPX
PAIPX has 1.19% 1-year volatility. There are 21 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | PAIPX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | PAIPX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | PAIPX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | PAIPX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | PAIPX vs BUBIX |
Lowest Drawdown Alternatives to PAIPX
PAIPX has a 1-year max drawdown of -0.10%. There are 2 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | PAIPX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | PAIPX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | PAIPX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | PAIPX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PAIPX vs NUSIX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PONAX, PTTRX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Total Bond Market | 45 | 1.00% | — | Mar 2007 | PAIPX vs PIMIX | |
| PIMCO Income Fund Class A | Multisector Bonds | 41 | 0.83% | — | Apr 2007 | PAIPX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Total Bond Market | 30 | 0.64% | — | — | PAIPX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 3 | -4.37% | — | Dec 2001 | PAIPX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 44 | 0.96% | — | — | PAIPX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 47 | 10.35% | — | Aug 2007 | PAIPX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 6 | -4.15% | — | Oct 2004 | PAIPX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 9 | 0.12% | — | Dec 1992 | PAIPX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 25 | 9.70% | — | Oct 2003 | PAIPX vs PISIX | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 75 | 26.86% | — | Jun 2002 | PAIPX vs PCRIX |
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