MSTMX vs. PIMIX
Compare and contrast key facts about Morningstar Multisector Bond Fund (MSTMX) and PIMCO Income Fund Institutional Class (PIMIX).
MSTMX is managed by Morningstar. It was launched on Nov 1, 2018. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Performance
MSTMX vs. PIMIX - Performance Comparison
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MSTMX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTMX Morningstar Multisector Bond Fund | -2.03% | 10.03% | 4.60% | 10.77% | -13.11% | -2.86% | 6.45% | 10.53% | -0.23% |
PIMIX PIMCO Income Fund Institutional Class | -1.36% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.87% |
Returns By Period
In the year-to-date period, MSTMX achieves a -2.03% return, which is significantly lower than PIMIX's -1.36% return.
MSTMX
- 1D
- -0.44%
- 1M
- -4.09%
- YTD
- -2.03%
- 6M
- -1.10%
- 1Y
- 5.51%
- 3Y*
- 6.54%
- 5Y*
- 1.74%
- 10Y*
- —
PIMIX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.36%
- 6M
- 1.15%
- 1Y
- 6.07%
- 3Y*
- 7.20%
- 5Y*
- 3.38%
- 10Y*
- 4.66%
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MSTMX vs. PIMIX - Expense Ratio Comparison
MSTMX has a 0.58% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Return for Risk
MSTMX vs. PIMIX — Risk / Return Rank
MSTMX
PIMIX
MSTMX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Multisector Bond Fund (MSTMX) 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.
| MSTMX | PIMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.56 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.75 | 2.25 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.87 | -0.23 |
Martin ratioReturn relative to average drawdown | 6.75 | 7.56 | -0.81 |
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
| MSTMX | PIMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.56 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.72 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.56 | -1.03 |
Correlation
The correlation between MSTMX and PIMIX is 0.69, 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
MSTMX vs. PIMIX - Dividend Comparison
MSTMX's dividend yield for the trailing twelve months is around 3.19%, less than PIMIX's 5.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTMX Morningstar Multisector Bond Fund | 3.19% | 4.00% | 6.01% | 5.26% | 1.42% | 4.17% | 2.68% | 6.18% | 0.37% | 0.00% | 0.00% | 0.00% |
PIMIX PIMCO Income Fund Institutional Class | 5.57% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
Drawdowns
MSTMX vs. PIMIX - Drawdown Comparison
The maximum MSTMX drawdown since its inception was -21.37%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for MSTMX and PIMIX.
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Drawdown Indicators
| MSTMX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -13.39% | -7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -3.69% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.37% | -13.34% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.39% | — |
Current DrawdownCurrent decline from peak | -4.09% | -3.24% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -1.69% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.92% | +0.07% |
Volatility
MSTMX vs. PIMIX - Volatility Comparison
Morningstar Multisector Bond Fund (MSTMX) and PIMCO Income Fund Institutional Class (PIMIX) have volatilities of 1.80% and 1.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTMX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.88% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 2.64% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 4.28% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 4.75% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 4.20% | +1.58% |