EMNT vs. MFDX
EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and MFDX (PIMCO RAFI Dynamic Multi-Factor International Equity ETF) are both exchange-traded funds - EMNT is a Ultrashort Bond fund actively managed by PIMCO, while MFDX is a Foreign Large Cap Equities fund tracking the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. EMNT is actively managed, while MFDX is passively managed. Over the past 5 years, EMNT returned 3.43%/yr vs 9.92%/yr for MFDX. At a 0.11 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.39%/yr for MFDX.
Performance
EMNT vs. MFDX - Performance Comparison
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Returns By Period
In the year-to-date period, EMNT achieves a 1.64% return, which is significantly lower than MFDX's 9.73% return.
EMNT
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.64%
- 6M
- 1.97%
- 1Y
- 4.38%
- 3Y*
- 5.24%
- 5Y*
- 3.43%
- 10Y*
- —
MFDX
- 1D
- -0.55%
- 1M
- 2.31%
- YTD
- 9.73%
- 6M
- 12.33%
- 1Y
- 23.13%
- 3Y*
- 18.62%
- 5Y*
- 9.92%
- 10Y*
- —
EMNT vs. MFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.64% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 9.73% | 34.27% | 4.40% | 17.54% | -10.27% | 11.07% | 6.90% | 1.49% |
Correlation
The correlation between EMNT and MFDX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019 | 0.11 |
Over the past year, EMNT and MFDX have become more correlated (0.40) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
EMNT vs. MFDX — Risk / Return Rank
EMNT
MFDX
EMNT vs. MFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX). 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.
| EMNT | MFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.93 | ||
| Sortino ratioReturn per unit of downside risk | +18.79 | ||
| Omega ratioGain probability vs. loss probability | 5.63 | 1.31 | +4.32 |
| Calmar ratioReturn relative to maximum drawdown | 33.45 | 2.18 | +31.27 |
| Martin ratioReturn relative to average drawdown | 235.99 | 8.66 | +227.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMNT | MFDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.63 | 1.70 | +8.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.18 | 0.66 | +3.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.51 | 0.54 | +2.97 |
Drawdowns
EMNT vs. MFDX - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum MFDX drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for EMNT and MFDX.
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Drawdown Indicators
| EMNT | MFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -36.05% | +33.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -10.66% | +10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -11.62% | +10.89% |
Max Drawdown (5Y)Largest decline over 5 years | -1.70% | -25.58% | +23.88% |
Current DrawdownCurrent decline from peak | -0.02% | -1.84% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -6.50% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.68% | -2.66% |
Volatility
EMNT vs. MFDX - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) is 0.14%, while PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) has a volatility of 4.45%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than MFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNT | MFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 4.45% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.34% | 11.34% | -11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 13.73% | -13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 15.03% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 16.41% | -15.55% |
EMNT vs. MFDX - Expense Ratio Comparison
EMNT has a 0.24% expense ratio, which is lower than MFDX's 0.39% expense ratio.
Dividends
EMNT vs. MFDX - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 4.00%, more than MFDX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% |
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 2.79% | 2.97% | 3.16% | 3.12% | 2.85% | 2.99% | 1.58% | 2.88% | 2.13% | 0.71% |
Frequently Asked Questions
EMNT and MFDX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFDX has higher volatility (4.45%) compared to EMNT (0.14%). In terms of maximum drawdown, EMNT dropped -2.28% vs MFDX's -36.05%.
On 5-year performance, MFDX leads with 9.92% vs 3.43% for EMNT. On fees, EMNT is cheaper at 0.24% per year. On volatility, EMNT has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MFDX has performed better with a 9.92% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMNT is cheaper with a 0.24% expense ratio, compared with 0.39% for MFDX.
EMNT has the higher dividend yield at 4.00%, compared with 2.79% for MFDX.
EMNT is categorized as Ultrashort Bond, while MFDX is Foreign Large Cap Equities. Their fees differ too: 0.24% for EMNT and 0.39% for MFDX.
EMNT currently has the higher Sharpe Ratio (10.63 vs 1.70), 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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