GNMFX vs. NMTRX
Compare and contrast key facts about PIMCO National Municipal Opportunistic Value Fund (GNMFX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
GNMFX is managed by Gurtin. It was launched on Nov 2, 2014. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
GNMFX vs. NMTRX - Performance Comparison
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GNMFX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GNMFX PIMCO National Municipal Opportunistic Value Fund | 0.10% | 3.09% | 2.38% | 4.89% | -5.25% | 1.40% | 3.17% | 6.43% | 2.09% | 2.41% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 0.18% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, GNMFX achieves a 0.10% return, which is significantly lower than NMTRX's 0.18% return. Over the past 10 years, GNMFX has underperformed NMTRX with an annualized return of 1.90%, while NMTRX has yielded a comparatively higher 2.30% annualized return.
GNMFX
- 1D
- 0.21%
- 1M
- -0.92%
- YTD
- 0.10%
- 6M
- 1.35%
- 1Y
- 3.24%
- 3Y*
- 2.80%
- 5Y*
- 1.22%
- 10Y*
- 1.90%
NMTRX
- 1D
- 0.30%
- 1M
- -1.19%
- YTD
- 0.18%
- 6M
- 1.96%
- 1Y
- 4.09%
- 3Y*
- 3.32%
- 5Y*
- 0.44%
- 10Y*
- 2.30%
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GNMFX vs. NMTRX - Expense Ratio Comparison
GNMFX has a 0.63% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
GNMFX vs. NMTRX — Risk / Return Rank
GNMFX
NMTRX
GNMFX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO National Municipal Opportunistic Value Fund (GNMFX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| GNMFX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.84 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.16 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.93 | +0.04 |
Martin ratioReturn relative to average drawdown | 2.69 | 2.71 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GNMFX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.84 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.11 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.53 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.97 | +0.24 |
Correlation
The correlation between GNMFX and NMTRX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GNMFX vs. NMTRX - Dividend Comparison
GNMFX's dividend yield for the trailing twelve months is around 3.37%, less than NMTRX's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMFX PIMCO National Municipal Opportunistic Value Fund | 3.37% | 3.61% | 3.48% | 2.68% | 1.98% | 2.17% | 2.24% | 2.59% | 2.45% | 0.89% | 0.17% | 0.00% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.18% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
GNMFX vs. NMTRX - Drawdown Comparison
The maximum GNMFX drawdown since its inception was -9.06%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for GNMFX and NMTRX.
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Drawdown Indicators
| GNMFX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -16.36% | +7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -4.75% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -16.36% | +7.30% |
Max Drawdown (10Y)Largest decline over 10 years | -9.06% | -16.36% | +7.30% |
Current DrawdownCurrent decline from peak | -1.52% | -1.96% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -2.93% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.63% | -0.12% |
Volatility
GNMFX vs. NMTRX - Volatility Comparison
The current volatility for PIMCO National Municipal Opportunistic Value Fund (GNMFX) is 0.95%, while Nuveen Municipal Total Return Managed Accounts (NMTRX) has a volatility of 1.05%. This indicates that GNMFX experiences smaller price fluctuations and is considered to be less risky than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNMFX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.05% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.80% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 4.91% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 3.98% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 4.38% | -1.45% |