PIMCO Mortgage Opportunities and Bond Fund (PMZIX) Alternatives
PIMCO Mortgage Opportunities and Bond Fund (PMZIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PMZIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to PMZIX
PMZIX charges 0.60% annually. Among mutual funds in the Nontraditional Bonds category, these options have the lowest expense ratios among PMZIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | Oct 2, 2011 | PMZIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | Apr 6, 2015 | PMZIX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | Sep 28, 2011 | PMZIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | Dec 30, 2018 | PMZIX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | Jan 29, 2009 | PMZIX vs PUTIX |
Best Risk-Adjusted Alternatives to PMZIX
Among mutual funds in the Nontraditional Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | Jan 27, 2023 | PMZIX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | Jun 26, 2007 | PMZIX vs EIGMX | |
| PGIM Securitized Credit Fund | 99 | Jun 30, 2019 | PMZIX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | Mar 30, 2022 | PMZIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 99 | Aug 30, 2010 | PMZIX vs EGRIX |
Top Performing PMZIX Alternatives (YTD)
PMZIX alternatives from the Nontraditional Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 4.02% | Mar 30, 2022 | PMZIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.59% | Aug 30, 2010 | PMZIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 2.63% | Apr 6, 2015 | PMZIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 2.43% | Jun 26, 2007 | PMZIX vs EIGMX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | PMZIX vs CBYYX |
Lowest Volatility Alternatives to PMZIX
PMZIX alternatives from the Nontraditional Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | PMZIX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.40% | Apr 6, 2014 | PMZIX vs DFLEX | |
| Dunham Long/Short Credit Fund | 1.45% | Dec 9, 2004 | PMZIX vs DCAIX | |
| Anfield Universal Fixed Income Fund | 1.58% | Jun 27, 2013 | PMZIX vs AFLIX | |
| GMO Opportunistic Income Fund | 1.64% | Oct 2, 2011 | PMZIX vs GMODX |
Lowest Drawdown Alternatives to PMZIX
PMZIX alternatives from the Nontraditional Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.18% | Jan 27, 2023 | PMZIX vs CBYYX | |
| Dunham Long/Short Credit Fund | -0.84% | Dec 9, 2004 | PMZIX vs DCAIX | |
| PGIM Absolute Return Bond Fund | -0.87% | Mar 29, 2011 | PMZIX vs PADZX | |
| Toews Unconstrained Income Fund | -0.87% | Aug 27, 2013 | PMZIX vs TUIFX | |
| PGIM Securitized Credit Fund | -0.93% | Jun 30, 2019 | PMZIX vs SCFZX |
Other Mutual Funds from PIMCO
Most popular PIMCO mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Total Bond Market | 81 | -1.36% | Mar 30, 2007 | PMZIX vs PIMIX | |
| PIMCO Income Fund Class A | Multisector Bonds | 78 | -1.42% | Apr 2, 2007 | PMZIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Total Bond Market | 53 | -1.02% | — | PMZIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 3 | -4.21% | Dec 20, 2001 | PMZIX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 80 | -1.37% | — | PMZIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio, Actively Managed | 10 | -9.19% | Aug 31, 2007 | PMZIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 11 | -5.40% | Oct 27, 2004 | PMZIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 24 | -2.23% | Dec 1, 1992 | PMZIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 24 | -0.85% | Oct 31, 2003 | PMZIX vs PISIX | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 28 | -0.95% | Jun 5, 2015 | PMZIX vs PMJIX |
Often Compared With PMZIX
What investors most often compare with PMZIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Columbia Mortgage Opportunities Fund | Nontraditional Bonds | 91 | 0.51% | Apr 29, 2014 | PMZIX vs CLMVX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 93 | -1.19% | Nov 29, 2011 | PMZIX vs GIOIX | |
| iShares Core U.S. Aggregate Bond ETF | Total Bond Market | 60 | 0.02% | Sep 22, 2003 | PMZIX vs AGG | |
| SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 100 | 0.85% | May 25, 2007 | PMZIX vs BIL | |
| PIMCO Low Duration Income Fund | Short-Term Bond | 94 | -0.72% | Jul 30, 2004 | PMZIX vs PFIIX | |
| Fidelity Real Estate Index Fund | REIT | 7 | -0.56% | Aug 9, 2011 | PMZIX vs FSRNX | |
| Janus Henderson Mortgage-Backed Securities ETF | Mortgage Backed Securities, Actively Managed | 65 | 0.19% | Sep 12, 2018 | PMZIX vs JMBS | |
| Vanguard Mortgage-Backed Securities ETF | Mortgage Backed Securities | 68 | 0.41% | Nov 19, 2009 | PMZIX vs VMBS |
Compare PMZIX with Any Fund or Stock
Compare PMZIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.