PIMCO Short Term Municipal Bond Active ETF (SMMU)

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PIMCO Short Term Municipal Bond Active ETF (SMMU) is up 1.2% since the beginning of the year. SMMU is currently trading at $50 per share. Investors who bought $1,000 worth of SMMU shares 5 years ago would now be looking at an investment worth $1,098.

PIMCO Short Term Municipal Bond Active ETF (SMMU) has returned 1.15% so far this year and 3.79% over the past 12 months. Over the last ten years, SMMU has returned 1.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.53% annually.

Based on dividend-adjusted daily data since Feb 3, 2010, SMMU's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +2.2%, while the worst month was Nov 2016 at -1.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SMMU closed higher 51% of trading days. The best single day was Mar 25, 2020 with a return of +2.0%, while the worst single day was Mar 12, 2020 at -1.7%.

PIMCO Short Term Municipal Bond Active ETF has an annualized alpha of 1.43%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 03, 2010.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.00%) than losses (0.55%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SMMU has an expense ratio of 0.35%, placing it in the medium range.

SMMU ranks 94 for risk / return — in the top 94% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

PIMCO Short Term Municipal Bond Active ETF provided a 2.84% dividend yield over the last twelve months, with an annual payout of $1.43 per share.

The table displays the monthly dividend distributions for PIMCO Short Term Municipal Bond Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PIMCO Short Term Municipal Bond Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PIMCO Short Term Municipal Bond Active ETF was 5.09%, occurring on Mar 20, 2020. Recovery took 52 trading sessions.

The chart below shows the rolling one-month volatility.