FXIEX vs. MUJ
FXIEX (PIMCO Fixed Income SHares: Series TE) and MUJ (BlackRock MuniHoldings New Jersey Quality Fund) are both Municipal Bonds funds. Over the past 10 years, FXIEX returned 2.70%/yr vs 2.09%/yr for MUJ. Their 0.29 correlation means their historical movements had little consistent relationship. FXIEX charges 0.07%/yr vs 2.26%/yr for MUJ.
Performance
FXIEX vs. MUJ - Performance Comparison
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Returns By Period
In the year-to-date period, FXIEX achieves a 0.76% return, which is significantly lower than MUJ's 3.83% return. Over the past 10 years, FXIEX has outperformed MUJ with an annualized return of 2.70%, while MUJ has yielded a comparatively lower 2.09% annualized return.
FXIEX
- 1D
- -0.21%
- 1M
- -1.82%
- 6M
- 0.25%
- YTD
- 0.76%
- 1Y
- 5.35%
- 3Y*
- 4.48%
- 5Y*
- 1.21%
- 10Y*
- 2.70%
- ALL TIME*
- 2.10%
MUJ
- 1D
- 0.08%
- 1M
- -2.57%
- 6M
- 0.09%
- YTD
- 3.83%
- 1Y
- 16.02%
- 3Y*
- 8.32%
- 5Y*
- -0.26%
- 10Y*
- 2.09%
- ALL TIME*
- 4.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $969.39K | $870.71K | $1.11M |
FXIEX vs. MUJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXIEX PIMCO Fixed Income SHares: Series TE | 0.76% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 3.83% | 13.86% | 2.28% | 7.55% | -26.31% | 15.20% | 5.95% | 18.95% | -8.49% | 9.99% |
Correlation
The correlation between FXIEX and MUJ is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.29 |
The correlation between FXIEX and MUJ shifts across timeframes, from 0.29 (all time) to 0.44 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXIEX vs. MUJ — Risk / Return Rank
FXIEX
MUJ
FXIEX vs. MUJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Fixed Income SHares: Series TE (FXIEX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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.
| FXIEX | MUJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.71 | +0.99 |
| Martin ratioReturn relative to average drawdown | 8.90 | 6.89 | +2.01 |
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Drawdowns
FXIEX vs. MUJ - Drawdown Comparison
The maximum FXIEX drawdown since its inception was -15.25%, smaller than the maximum MUJ drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for FXIEX and MUJ.
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Drawdown Indicators
| FXIEX | MUJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -41.72% | +26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -9.41% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -11.04% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.25% | -32.71% | +17.46% |
Max Drawdown (10Y)Largest decline over 10 years | -15.25% | -32.71% | +17.46% |
Current DrawdownCurrent decline from peak | -1.82% | -4.21% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -9.00% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 2.33% | -1.58% |
Volatility
FXIEX vs. MUJ - Volatility Comparison
The current volatility for PIMCO Fixed Income SHares: Series TE (FXIEX) is 0.84%, while BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has a volatility of 1.60%. This indicates that FXIEX experiences smaller price fluctuations and is considered to be less risky than MUJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXIEX | MUJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.60% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 6.86% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 8.76% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 10.33% | -5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 11.12% | -7.02% |
FXIEX vs. MUJ - Expense Ratio Comparison
FXIEX has a 0.07% expense ratio, which is lower than MUJ's 2.26% expense ratio.
Dividends
FXIEX vs. MUJ - Dividend Comparison
FXIEX's dividend yield for the trailing twelve months is around 2.41%, less than MUJ's 5.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIEX PIMCO Fixed Income SHares: Series TE | 2.41% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.41% | 5.45% | 5.53% | 4.13% | 6.40% | 4.77% | 4.78% | 4.03% | 5.34% | 5.55% | 6.00% | 5.69% |
Frequently Asked Questions
FXIEX and MUJ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUJ has higher volatility (1.60%) compared to FXIEX (0.84%). In terms of maximum drawdown, FXIEX dropped -15.25% vs MUJ's -41.72%.
FXIEX currently has the higher Sharpe Ratio (1.94 vs 1.84), 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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