BIDAX vs. FXIEX
BIDAX (iShares Municipal Bond Index Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 5 years, BIDAX returned 0.24%/yr vs 1.26%/yr for FXIEX. Their correlation of 0.84 means they have usually moved in the same direction. BIDAX charges 0.50%/yr vs 0.07%/yr for FXIEX.
Performance
BIDAX vs. FXIEX - Performance Comparison
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Returns By Period
In the year-to-date period, BIDAX achieves a 0.02% return, which is significantly lower than FXIEX's 0.97% return.
BIDAX
- 1D
- -0.18%
- 1M
- -1.99%
- 6M
- -0.69%
- YTD
- 0.02%
- 1Y
- 4.36%
- 3Y*
- 3.00%
- 5Y*
- 0.24%
- 10Y*
- —
- ALL TIME*
- 2.13%
FXIEX
- 1D
- -0.21%
- 1M
- -1.62%
- 6M
- 0.66%
- YTD
- 0.97%
- 1Y
- 5.57%
- 3Y*
- 4.44%
- 5Y*
- 1.26%
- 10Y*
- 2.71%
- ALL TIME*
- 2.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIDAX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BIDAX iShares Municipal Bond Index Fund | 0.02% | 4.52% | 1.44% | 5.74% | -9.41% | 1.38% | 4.70% | 7.56% | 1.44% |
FXIEX PIMCO Fixed Income SHares: Series TE | 0.97% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.60% |
Correlation
The correlation between BIDAX and FXIEX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.84 |
The correlation between BIDAX and FXIEX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
BIDAX vs. FXIEX — Risk / Return Rank
BIDAX
FXIEX
BIDAX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Municipal Bond Index Fund (BIDAX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
| BIDAX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.54 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.16 | -1.38 |
| Martin ratioReturn relative to average drawdown | 5.62 | 10.57 | -4.95 |
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Drawdowns
BIDAX vs. FXIEX - Drawdown Comparison
The maximum BIDAX drawdown since its inception was -14.39%, smaller than the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for BIDAX and FXIEX.
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Drawdown Indicators
| BIDAX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -15.25% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.42% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.29% | -5.56% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -15.25% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.25% | — |
Current DrawdownCurrent decline from peak | -2.02% | -1.62% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.87% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.74% | +0.19% |
Volatility
BIDAX vs. FXIEX - Volatility Comparison
iShares Municipal Bond Index Fund (BIDAX) and PIMCO Fixed Income SHares: Series TE (FXIEX) have volatilities of 0.86% and 0.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIDAX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.83% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 2.36% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 3.43% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 4.39% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 4.10% | +0.31% |
BIDAX vs. FXIEX - Expense Ratio Comparison
BIDAX has a 0.50% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Dividends
BIDAX vs. FXIEX - Dividend Comparison
BIDAX's dividend yield for the trailing twelve months is around 2.91%, more than FXIEX's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIDAX iShares Municipal Bond Index Fund | 2.91% | 4.09% | 3.25% | 2.16% | 1.92% | 2.36% | 2.35% | 3.64% | 0.48% | 0.00% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.40% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% |
Frequently Asked Questions
BIDAX and FXIEX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIDAX has higher volatility (0.86%) compared to FXIEX (0.83%). In terms of maximum drawdown, BIDAX dropped -14.39% vs FXIEX's -15.25%.
FXIEX currently has the higher Sharpe Ratio (2.23 vs 1.90), 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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