FTBD vs. PIMIX
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and PIMCO Income Fund Institutional Class (PIMIX).
FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or PIMIX.
Correlation
The correlation between FTBD and PIMIX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTBD vs. PIMIX - Performance Comparison
Key characteristics
FTBD:
1.32
PIMIX:
2.16
FTBD:
1.92
PIMIX:
3.31
FTBD:
1.23
PIMIX:
1.44
FTBD:
1.51
PIMIX:
3.18
FTBD:
3.53
PIMIX:
9.61
FTBD:
2.11%
PIMIX:
0.93%
FTBD:
5.65%
PIMIX:
4.10%
FTBD:
-6.98%
PIMIX:
-13.39%
FTBD:
-1.12%
PIMIX:
-0.93%
Returns By Period
In the year-to-date period, FTBD achieves a 3.00% return, which is significantly higher than PIMIX's 2.62% return.
FTBD
3.00%
0.52%
2.07%
7.38%
N/A
N/A
PIMIX
2.62%
-0.14%
3.55%
8.90%
4.78%
4.30%
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FTBD vs. PIMIX - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
FTBD vs. PIMIX — Risk-Adjusted Performance Rank
FTBD
PIMIX
FTBD vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) 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.
Dividends
FTBD vs. PIMIX - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.25%, less than PIMIX's 6.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.25% | 4.76% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIMIX PIMCO Income Fund Institutional Class | 6.21% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
Drawdowns
FTBD vs. PIMIX - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FTBD and PIMIX. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. PIMIX - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) has a higher volatility of 2.16% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.97%. This indicates that FTBD's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.