AHIFX vs. PIMIX
AHIFX (American Funds American High-Inc F2) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - AHIFX is a High Yield Bonds fund managed by American Funds, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, AHIFX returned 6.16%/yr vs 4.76%/yr for PIMIX. A 0.51 correlation means they provide meaningful diversification when combined. AHIFX charges 0.43%/yr vs 0.54%/yr for PIMIX.
Performance
AHIFX vs. PIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, AHIFX achieves a 2.20% return, which is significantly higher than PIMIX's 1.18% return. Over the past 10 years, AHIFX has outperformed PIMIX with an annualized return of 6.16%, while PIMIX has yielded a comparatively lower 4.76% annualized return.
AHIFX
- 1D
- 0.20%
- 1M
- 1.15%
- YTD
- 2.20%
- 6M
- 2.98%
- 1Y
- 8.20%
- 3Y*
- 9.42%
- 5Y*
- 4.52%
- 10Y*
- 6.16%
PIMIX
- 1D
- 0.18%
- 1M
- 2.04%
- YTD
- 1.18%
- 6M
- 1.79%
- 1Y
- 8.28%
- 3Y*
- 7.80%
- 5Y*
- 3.57%
- 10Y*
- 4.76%
AHIFX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHIFX American Funds American High-Inc F2 | 2.20% | 8.57% | 9.80% | 11.17% | -10.18% | 8.62% | 7.32% | 12.15% | -1.57% | 7.56% |
PIMIX PIMCO Income Fund Institutional Class | 1.18% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between AHIFX and PIMIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.51 |
The correlation between AHIFX and PIMIX shifts across timeframes, from 0.51 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AHIFX vs. PIMIX — Risk / Return Rank
AHIFX
PIMIX
AHIFX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Inc F2 (AHIFX) and PIMCO Income Fund Institutional Class (PIMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AHIFX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.39 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.23 | +1.27 |
| Martin ratioReturn relative to average drawdown | 15.62 | 7.57 | +8.05 |
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Drawdowns
AHIFX vs. PIMIX - Drawdown Comparison
The maximum AHIFX drawdown since its inception was -21.21%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for AHIFX and PIMIX.
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Drawdown Indicators
| AHIFX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -13.39% | -7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.69% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.93% | -3.84% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.80% | -13.34% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -13.39% | -7.82% |
Current DrawdownCurrent decline from peak | -0.10% | -0.75% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -1.69% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.09% | -0.55% |
Volatility
AHIFX vs. PIMIX - Volatility Comparison
The current volatility for American Funds American High-Inc F2 (AHIFX) is 1.19%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.67%. This indicates that AHIFX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHIFX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.67% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.37% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 4.15% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 4.86% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 4.26% | +1.24% |
AHIFX vs. PIMIX - Expense Ratio Comparison
AHIFX has a 0.43% expense ratio, which is lower than PIMIX's 0.54% expense ratio.
Dividends
AHIFX vs. PIMIX - Dividend Comparison
AHIFX's dividend yield for the trailing twelve months is around 6.54%, more than PIMIX's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHIFX American Funds American High-Inc F2 | 6.54% | 6.53% | 6.56% | 5.64% | 4.42% | 4.54% | 6.08% | 6.45% | 6.56% | 6.24% | 5.26% | 7.17% |
PIMIX PIMCO Income Fund Institutional Class | 5.82% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
Frequently Asked Questions
AHIFX and PIMIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIMIX has higher volatility (1.67%) compared to AHIFX (1.19%). In terms of maximum drawdown, AHIFX dropped -21.21% vs PIMIX's -13.39%.
AHIFX currently has the higher Sharpe Ratio (2.42 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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