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 a closer substitute for your current allocation.
Cheapest Alternatives to PMZIX
PMZIX charges 0.60% annually. There are 6 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | PMZIX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | PMZIX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | PMZIX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | PMZIX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | PMZIX vs FPFIX |
Best Risk-Adjusted Alternatives to PMZIX
PMZIX has a PortfoliosLab risk / return rank of 32. There are 48 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | PMZIX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | PMZIX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | PMZIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | PMZIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | PMZIX vs APFPX |
Top Performing PMZIX Alternatives (YTD)
PMZIX is at -0.15% YTD. There are 60 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.55% | — | Aug 2010 | PMZIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | PMZIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | PMZIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.11% | — | Mar 2022 | PMZIX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.56% | — | Jul 2021 | PMZIX vs CELFX |
Lowest Volatility Alternatives to PMZIX
PMZIX has 3.38% 1-year volatility. There are 54 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | PMZIX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.07% | — | Dec 2004 | PMZIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | PMZIX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | PMZIX vs BGCIX | |
| GMO Opportunistic Income Fund | 1.43% | — | Oct 2011 | PMZIX vs GMODX |
Lowest Drawdown Alternatives to PMZIX
PMZIX has a 1-year max drawdown of -2.42%. There are 46 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | PMZIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | PMZIX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | PMZIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.49% | — | Dec 2004 | PMZIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | PMZIX vs GMODX |
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 | 33 | -0.05% | — | Mar 2007 | PMZIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -2.49% | — | Dec 2002 | PMZIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 30 | -0.25% | — | Apr 2007 | PMZIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 20 | -0.80% | — | May 1987 | PMZIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 8 | -2.18% | — | Dec 2001 | PMZIX vs PCN | |
| PIMCO Income Fund Class I-2 | Multisector Bonds | 32 | -0.10% | — | Apr 2008 | PMZIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 25 | 4.49% | — | Aug 2007 | PMZIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 13 | 1.44% | — | Oct 2004 | PMZIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 8 | -0.68% | — | Dec 1992 | PMZIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 44 | 13.06% | — | Oct 2003 | PMZIX vs PISIX |
Often Compared With PMZIX
Investors most often compare PMZIX with CLMVX, GIOIX, AGG. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare PMZIX with Any Fund or Stock
Compare PMZIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMZIX with funds that move differently
PIMCO Mortgage Opportunities and Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMZIX.
Explore PMZIX Diversifiers