PIMCO California Municipal Income Fund (PCQ) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PCQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PCQ
Among 497 mutual funds in the Municipal Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | PCQ vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | PCQ vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | PCQ vs EIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | PCQ vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | PCQ vs NIM |
Best Risk-Adjusted Alternatives to PCQ
PCQ has a PortfoliosLab risk / return rank of 31. There are 474 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | PCQ vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | PCQ vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | PCQ vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | PCQ vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | PCQ vs TFCYX |
Top Performing PCQ Alternatives (YTD)
PCQ is at 1.23% YTD. There are 44 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.79%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.79% | — | Jan 1993 | PCQ vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 13.89% | — | — | PCQ vs RMI | |
| Nuveen Municipal Income Fund, Inc. | 11.94% | — | Apr 1998 | PCQ vs NMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 7.65% | — | — | PCQ vs RFMZ | |
| BlackRock MuniYield Michigan Quality Fund | 7.21% | — | Oct 1992 | PCQ vs MIY |
Lowest Volatility Alternatives to PCQ
PCQ has 7.85% 1-year volatility. There are 464 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | PCQ vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | PCQ vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | PCQ vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.63% | — | May 2016 | PCQ vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.65% | — | May 2016 | PCQ vs USMTX |
Lowest Drawdown Alternatives to PCQ
PCQ has a 1-year max drawdown of -7.48%. There are 482 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | PCQ vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PCQ vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PCQ vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PCQ vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | PCQ vs DFABX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 52 | 0.23% | — | Mar 2007 | PCQ vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -2.91% | — | Dec 2002 | PCQ vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 45 | 0.03% | — | Apr 2007 | PCQ vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 30 | -0.45% | — | May 1987 | PCQ vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 9 | -2.68% | — | Dec 2001 | PCQ vs PCN | |
| PIMCO Income Fund Class I-2 | Multisector Bonds | 50 | 0.18% | — | Apr 2008 | PCQ vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 28 | 4.37% | — | Aug 2007 | PCQ vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 15 | 1.29% | — | Oct 2004 | PCQ vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 12 | -0.58% | — | Dec 1992 | PCQ vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 49 | 12.84% | — | Oct 2003 | PCQ vs PISIX |
Often Compared With PCQ
Investors most often compare PCQ with NMS, VWO, VT. These 17 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare PCQ with Any Fund or Stock
Compare PCQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PCQ with funds that move differently
PIMCO California Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PCQ.
Explore PCQ Diversifiers