PIMCO Strategic Bond Fund (PUTIX) 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 PUTIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PUTIX
PUTIX charges 0.51% annually. There are 3 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | PUTIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | PUTIX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | PUTIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | PUTIX vs FPFIX | |
| T. Rowe Price Dynamic Credit Fund | 0.56% | — | Jan 2019 | PUTIX vs RPELX |
Best Risk-Adjusted Alternatives to PUTIX
PUTIX has a PortfoliosLab risk / return rank of 94. There are 11 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 | PUTIX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | PUTIX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | PUTIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | PUTIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | PUTIX vs APFPX |
Top Performing PUTIX Alternatives (YTD)
PUTIX is at 1.49% YTD. There are 23 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | PUTIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | PUTIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | PUTIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.21% | — | Mar 2022 | PUTIX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.46% | — | Jul 2021 | PUTIX vs CELFX |
Lowest Volatility Alternatives to PUTIX
PUTIX has 2.49% 1-year volatility. There are 28 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 | PUTIX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | PUTIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | PUTIX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | Oct 2011 | PUTIX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | PUTIX vs BGCIX |
Lowest Drawdown Alternatives to PUTIX
PUTIX has a 1-year max drawdown of -1.65%. There are 22 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 | PUTIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | PUTIX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | PUTIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | PUTIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | PUTIX 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 | 52 | 0.23% | — | Mar 2007 | PUTIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -2.91% | — | Dec 2002 | PUTIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 45 | 0.03% | — | Apr 2007 | PUTIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 30 | -0.45% | — | May 1987 | PUTIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 9 | -2.68% | — | Dec 2001 | PUTIX vs PCN | |
| PIMCO Income Fund Class I-2 | Multisector Bonds | 50 | 0.18% | — | Apr 2008 | PUTIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 28 | 4.37% | — | Aug 2007 | PUTIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 15 | 1.29% | — | Oct 2004 | PUTIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 12 | -0.58% | — | Dec 1992 | PUTIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 49 | 12.84% | — | Oct 2003 | PUTIX vs PISIX |
Often Compared With PUTIX
Investors most often compare PUTIX with SIFFX, PFIUX, RBSIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PUTIX with Any Fund or Stock
Compare PUTIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PUTIX with funds that move differently
PIMCO Strategic Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PUTIX.
Explore PUTIX Diversifiers