FGATX vs. FXIEX
FGATX (Nuveen Georgia Municipal Bond Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 10 years, FGATX returned 1.22%/yr vs 2.79%/yr for FXIEX. A 0.71 correlation means they provide meaningful diversification when combined. FGATX charges 0.83%/yr vs 0.07%/yr for FXIEX.
Performance
FGATX vs. FXIEX - Performance Comparison
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Returns By Period
In the year-to-date period, FGATX achieves a 1.50% return, which is significantly lower than FXIEX's 2.02% return. Over the past 10 years, FGATX has underperformed FXIEX with an annualized return of 1.22%, while FXIEX has yielded a comparatively higher 2.79% annualized return.
FGATX
- 1D
- 0.10%
- 1M
- 1.31%
- YTD
- 1.50%
- 6M
- 1.87%
- 1Y
- 6.51%
- 3Y*
- 3.02%
- 5Y*
- -0.14%
- 10Y*
- 1.22%
FXIEX
- 1D
- 0.20%
- 1M
- 1.43%
- YTD
- 2.02%
- 6M
- 2.55%
- 1Y
- 6.67%
- 3Y*
- 5.04%
- 5Y*
- 1.67%
- 10Y*
- 2.79%
FGATX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGATX Nuveen Georgia Municipal Bond Fund | 1.50% | 2.82% | 1.44% | 6.08% | -12.04% | 1.47% | 4.52% | 7.92% | 0.23% | 3.00% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.02% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Correlation
The correlation between FGATX and FXIEX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.71 |
The correlation between FGATX and FXIEX shifts across timeframes, from 0.71 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FGATX vs. FXIEX — Risk / Return Rank
FGATX
FXIEX
FGATX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Georgia Municipal Bond Fund (FGATX) 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.
| FGATX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.59 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.44 | -1.13 |
| Martin ratioReturn relative to average drawdown | 7.16 | 11.39 | -4.22 |
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Drawdowns
FGATX vs. FXIEX - Drawdown Comparison
The maximum FGATX drawdown since its inception was -19.12%, which is greater than FXIEX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for FGATX and FXIEX.
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Drawdown Indicators
| FGATX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -15.25% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.42% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -5.56% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -15.25% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -15.25% | -1.66% |
Current DrawdownCurrent decline from peak | -1.67% | 0.00% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -2.88% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.71% | +0.20% |
Volatility
FGATX vs. FXIEX - Volatility Comparison
Nuveen Georgia Municipal Bond Fund (FGATX) and PIMCO Fixed Income SHares: Series TE (FXIEX) have volatilities of 0.87% and 0.84%, 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
| FGATX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.84% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 2.17% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 3.46% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 4.37% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 4.10% | +0.18% |
FGATX vs. FXIEX - Expense Ratio Comparison
FGATX has a 0.83% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Dividends
FGATX vs. FXIEX - Dividend Comparison
FGATX's dividend yield for the trailing twelve months is around 2.92%, more than FXIEX's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGATX Nuveen Georgia Municipal Bond Fund | 2.92% | 3.15% | 2.97% | 2.74% | 2.49% | 2.00% | 2.31% | 2.64% | 2.87% | 3.22% | 3.51% | 3.55% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.78% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
Frequently Asked Questions
FGATX and FXIEX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGATX has higher volatility (0.87%) compared to FXIEX (0.84%). In terms of maximum drawdown, FGATX dropped -19.12% vs FXIEX's -15.25%.
FXIEX currently has the higher Sharpe Ratio (2.40 vs 2.32), 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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