PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PLMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PLMIX
PLMIX charges 0.85% annually. There are 30 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | PLMIX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | PLMIX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | PLMIX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | PLMIX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | PLMIX vs GMOQX |
Best Risk-Adjusted Alternatives to PLMIX
PLMIX has a PortfoliosLab risk / return rank of 47. There are 59 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | PLMIX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | PLMIX vs AGEPX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | PLMIX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | PLMIX vs GMCDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | PLMIX vs DBLLX |
Top Performing PLMIX Alternatives (YTD)
PLMIX is at 3.61% YTD. There are 29 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 21.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 21.21% | — | Dec 2010 | PLMIX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 9.53% | — | Apr 1994 | PLMIX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.50% | — | Apr 1994 | PLMIX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.40% | — | May 2006 | PLMIX vs FEMDX | |
| Morgan Stanley Emerging Markets Domestic Fund | 8.33% | — | Apr 2007 | PLMIX vs EDD |
Lowest Volatility Alternatives to PLMIX
PLMIX has 5.86% 1-year volatility. There are 54 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | PLMIX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.93% | — | Apr 2010 | PLMIX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | PLMIX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.05% | — | May 2011 | PLMIX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.08% | — | Apr 2010 | PLMIX vs DBLEX |
Lowest Drawdown Alternatives to PLMIX
PLMIX has a 1-year max drawdown of -4.70%. There are 45 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | PLMIX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | PLMIX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | PLMIX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | PLMIX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | PLMIX vs PYCEX |
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 | 46 | 1.00% | — | Mar 2007 | PLMIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -4.03% | — | Dec 2002 | PLMIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 41 | 0.83% | — | Apr 2007 | PLMIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 29 | 0.64% | — | May 1987 | PLMIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 6 | -3.03% | — | Dec 2001 | PLMIX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 44 | 0.96% | — | — | PLMIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 42 | 9.71% | — | Aug 2007 | PLMIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 6 | -3.98% | — | Oct 2004 | PLMIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 10 | 0.53% | — | Dec 1992 | PLMIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 36 | 13.06% | — | Oct 2003 | PLMIX vs PISIX |
Often Compared With PLMIX
Investors most often compare PLMIX with AMAPX, EIDOX, PMJIX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Amana Participation Fund | Emerging Markets Bonds | 47 | 0.36% | — | Sep 2015 | PLMIX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.62% | — | Sep 2015 | PLMIX vs EIDOX | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 72 | 19.00% | — | Jun 2015 | PLMIX vs PMJIX | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 30 | 16.94% | — | Jun 2002 | PLMIX vs PCRIX | |
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 90 | 1.52% | — | Sep 2013 | PLMIX vs DEDIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.53% | — | Feb 2013 | PLMIX vs EELDX |
Compare PLMIX with Any Fund or Stock
Compare PLMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PLMIX with funds that move differently
PIMCO Emerging Markets Currency and Short-Term Investments Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PLMIX.
Explore PLMIX Diversifiers