FLMFX vs. PAAIX

Last updated Jun 4, 2026

FLMFX (Meeder Muirfield Fund) and PAAIX (PIMCO All Asset Fund) are both Tactical Allocation funds. Over the past 10 years, FLMFX returned 11.94%/yr vs 7.14%/yr for PAAIX. A 0.51 correlation means they provide meaningful diversification when combined. FLMFX charges 1.20%/yr vs 1.40%/yr for PAAIX.

Performance

FLMFX vs. PAAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meeder Muirfield Fund (FLMFX) and PIMCO All Asset Fund (PAAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLMFX achieves a 11.42% return, which is significantly higher than PAAIX's 9.42% return. Over the past 10 years, FLMFX has outperformed PAAIX with an annualized return of 11.94%, while PAAIX has yielded a comparatively lower 7.14% annualized return.

FLMFX

• 1D: 0.27%
• 1M: 5.10%
• YTD: 11.42%
• 6M: 12.19%
• 1Y: 27.32%
• 3Y*: 23.82%
• 5Y*: 13.71%
• 10Y*: 11.94%

PAAIX

• 1D: 0.49%
• 1M: 1.72%
• YTD: 9.42%
• 6M: 9.86%
• 1Y: 20.09%
• 3Y*: 10.55%
• 5Y*: 4.75%
• 10Y*: 7.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLMFX vs. PAAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLMFX Meeder Muirfield Fund	11.42%	15.28%	36.53%	13.79%	-11.16%	20.18%	4.36%	13.52%	-3.65%	20.30%
PAAIX PIMCO All Asset Fund	9.42%	13.20%	4.12%	8.19%	-11.52%	15.61%	8.38%	12.21%	-4.97%	13.99%

Correlation

The correlation between FLMFX and PAAIX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Aug 2, 2002	0.51

The correlation between FLMFX and PAAIX shifts across timeframes, from 0.51 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FLMFX vs. PAAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLMFX

FLMFX Risk / Return Rank: 62
FLMFX Sharpe Ratio Rank: 63
FLMFX Sortino Ratio Rank: 59
FLMFX Omega Ratio Rank: 57
FLMFX Calmar Ratio Rank: 62
FLMFX Martin Ratio Rank: 69

PAAIX

PAAIX Risk / Return Rank: 91
PAAIX Sharpe Ratio Rank: 95
PAAIX Sortino Ratio Rank: 94
PAAIX Omega Ratio Rank: 91
PAAIX Calmar Ratio Rank: 86
PAAIX Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLMFX vs. PAAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meeder Muirfield Fund (FLMFX) and PIMCO All Asset Fund (PAAIX). 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.

	FLMFX	PAAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	3.42	-1.08
Sortino ratio: Return per unit of downside risk	3.22	4.92	-1.71
Omega ratio: Gain probability vs. loss probability	1.42	1.65	-0.24
Calmar ratio: Return relative to maximum drawdown	3.02	4.16	-1.14
Martin ratio: Return relative to average drawdown	13.25	16.73	-3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLMFX vs. PAAIX - Sharpe Ratio Comparison

The current FLMFX Sharpe Ratio is 2.34, which is lower than the PAAIX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of FLMFX and PAAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLMFX	PAAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	3.42	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.61	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.92	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.95	-0.31

Drawdowns

FLMFX vs. PAAIX - Drawdown Comparison

The maximum FLMFX drawdown since its inception was -42.42%, which is greater than PAAIX's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for FLMFX and PAAIX.

Drawdown Indicators

	FLMFX	PAAIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.42%	-27.59%	-14.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.26%	-4.87%	-4.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.08%	-7.59%	-8.49%
Max Drawdown (5Y) Largest decline over 5 years	-18.19%	-19.83%	+1.64%
Max Drawdown (10Y) Largest decline over 10 years	-24.33%	-22.64%	-1.69%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.27%	-3.77%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.21%	+0.90%

Volatility

FLMFX vs. PAAIX - Volatility Comparison

Meeder Muirfield Fund (FLMFX) has a higher volatility of 3.30% compared to PIMCO All Asset Fund (PAAIX) at 1.99%. This indicates that FLMFX's price experiences larger fluctuations and is considered to be riskier than PAAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLMFX	PAAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	1.99%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	4.60%	+4.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	5.92%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	7.78%	+6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.06%	7.80%	+6.26%

FLMFX vs. PAAIX - Expense Ratio Comparison

FLMFX has a 1.20% expense ratio, which is lower than PAAIX's 1.40% expense ratio.

Dividends

FLMFX vs. PAAIX - Dividend Comparison

FLMFX's dividend yield for the trailing twelve months is around 4.90%, less than PAAIX's 7.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLMFX Meeder Muirfield Fund	4.90%	5.55%	31.99%	2.83%	2.76%	3.39%	0.58%	2.69%	1.50%	8.25%	0.72%	2.72%
PAAIX PIMCO All Asset Fund	7.12%	7.12%	5.92%	3.20%	7.68%	11.90%	3.56%	3.33%	5.50%	4.48%	3.60%	3.93%

Frequently Asked Questions

Can I hold both FLMFX and PAAIX in my portfolio?

FLMFX and PAAIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLMFX or PAAIX?

FLMFX has higher volatility (3.30%) compared to PAAIX (1.99%). In terms of maximum drawdown, FLMFX dropped -42.42% vs PAAIX's -27.59%.

Which has better risk-adjusted returns?

PAAIX currently has the higher Sharpe Ratio (3.42 vs 2.34), 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.