FCBYX vs. PIMIX
FCBYX (Nuveen Strategic Income Fund) and PIMIX (PIMCO Income Fund Institutional Class) are both Multisector Bonds funds. Over the past 10 years, FCBYX returned 3.99%/yr vs 4.42%/yr for PIMIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FCBYX charges 0.59%/yr vs 0.54%/yr for PIMIX.
Performance
FCBYX vs. PIMIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCBYX achieves a 0.96% return, which is significantly higher than PIMIX's -0.05% return. Over the past 10 years, FCBYX has underperformed PIMIX with an annualized return of 3.99%, while PIMIX has yielded a comparatively higher 4.42% annualized return.
FCBYX
- 1D
- 0.35%
- 1M
- -0.46%
- 6M
- 0.48%
- YTD
- 0.96%
- 1Y
- 4.38%
- 3Y*
- 6.97%
- 5Y*
- 2.69%
- 10Y*
- 3.99%
- ALL TIME*
- 4.96%
PIMIX
- 1D
- -0.28%
- 1M
- -1.47%
- 6M
- -0.55%
- YTD
- -0.05%
- 1Y
- 4.30%
- 3Y*
- 6.95%
- 5Y*
- 3.17%
- 10Y*
- 4.42%
- ALL TIME*
- 6.57%
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 |
FCBYX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 0.96% | 8.55% | 6.86% | 9.14% | -10.36% | 1.47% | 8.45% | 13.18% | -3.07% | 5.54% |
PIMIX PIMCO Income Fund Institutional Class | -0.05% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between FCBYX and PIMIX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007 | 0.70 |
The correlation between FCBYX and PIMIX shifts across timeframes, from 0.70 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCBYX vs. PIMIX — Risk / Return Rank
FCBYX
PIMIX
FCBYX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Income Fund (FCBYX) 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.
| FCBYX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.36 | +0.62 |
| Martin ratioReturn relative to average drawdown | 6.44 | 4.32 | +2.12 |
Loading charts...
Drawdowns
FCBYX vs. PIMIX - Drawdown Comparison
The maximum FCBYX drawdown since its inception was -24.49%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FCBYX and PIMIX.
Loading charts...
Drawdown Indicators
| FCBYX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.49% | -13.39% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -3.69% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.16% | -3.69% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -13.34% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | -13.39% | -2.54% |
Current DrawdownCurrent decline from peak | -0.59% | -1.96% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.68% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.16% | -0.43% |
Volatility
FCBYX vs. PIMIX - Volatility Comparison
The current volatility for Nuveen Strategic Income Fund (FCBYX) is 0.67%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.17%. This indicates that FCBYX 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.
Loading charts...
Volatility by Period
| FCBYX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.17% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 3.56% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 4.15% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 4.89% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 4.26% | -0.07% |
FCBYX vs. PIMIX - Expense Ratio Comparison
FCBYX has a 0.59% expense ratio, which is higher than PIMIX's 0.54% expense ratio.
Dividends
FCBYX vs. PIMIX - Dividend Comparison
FCBYX's dividend yield for the trailing twelve months is around 5.26%, less than PIMIX's 5.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 5.26% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
PIMIX PIMCO Income Fund Institutional Class | 5.34% | 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
FCBYX and PIMIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIMIX has higher volatility (1.17%) compared to FCBYX (0.67%). In terms of maximum drawdown, FCBYX dropped -24.49% vs PIMIX's -13.39%.
FCBYX currently has the higher Sharpe Ratio (1.77 vs 1.22), 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.
Find the right allocation for FCBYX and PIMIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer