MFUS vs. MUNI
Compare and contrast key facts about PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
MFUS and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFUS is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor U.S. Index. It was launched on Aug 31, 2017. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
MFUS vs. MUNI - Performance Comparison
Loading graphics...
MFUS vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 3.90% | 16.02% | 20.17% | 12.19% | -5.82% | 24.10% | 10.64% | 26.17% | -7.30% | 11.20% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.26% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 0.12% |
Returns By Period
In the year-to-date period, MFUS achieves a 3.90% return, which is significantly higher than MUNI's 0.26% return.
MFUS
- 1D
- 0.72%
- 1M
- -3.47%
- YTD
- 3.90%
- 6M
- 5.07%
- 1Y
- 18.98%
- 3Y*
- 17.41%
- 5Y*
- 11.81%
- 10Y*
- —
MUNI
- 1D
- 0.15%
- 1M
- -1.53%
- YTD
- 0.26%
- 6M
- 1.49%
- 1Y
- 4.51%
- 3Y*
- 3.39%
- 5Y*
- 1.33%
- 10Y*
- 2.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MFUS vs. MUNI - Expense Ratio Comparison
MFUS has a 0.30% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
MFUS vs. MUNI — Risk / Return Rank
MFUS
MUNI
MFUS vs. MUNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
| MFUS | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.18 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.58 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.63 | 0.00 |
Martin ratioReturn relative to average drawdown | 8.15 | 5.45 | +2.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MFUS | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.18 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.40 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.77 | -0.05 |
Correlation
The correlation between MFUS and MUNI is 0.03, 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.
Dividends
MFUS vs. MUNI - Dividend Comparison
MFUS's dividend yield for the trailing twelve months is around 1.52%, less than MUNI's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.52% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% | 0.00% | 0.00% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.30% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Drawdowns
MFUS vs. MUNI - Drawdown Comparison
The maximum MFUS drawdown since its inception was -35.21%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for MFUS and MUNI.
Loading graphics...
Drawdown Indicators
| MFUS | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -11.15% | -24.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -2.93% | -8.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -11.15% | -7.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.15% | — |
Current DrawdownCurrent decline from peak | -3.61% | -1.75% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -1.74% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 0.88% | +1.45% |
Volatility
MFUS vs. MUNI - Volatility Comparison
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) has a higher volatility of 4.35% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.07%. This indicates that MFUS's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MFUS | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 1.07% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 1.52% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 3.86% | +11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 3.30% | +11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 3.85% | +13.60% |