MUNI vs. PIOBX
Compare and contrast key facts about PIMCO Intermediate Municipal Bond Active ETF (MUNI) and Pioneer Bond Fund (PIOBX).
MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009. PIOBX is managed by Amundi. It was launched on Oct 31, 1978.
Performance
MUNI vs. PIOBX - Performance Comparison
Loading graphics...
MUNI vs. PIOBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.11% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 4.86% |
PIOBX Pioneer Bond Fund | -0.56% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 8.95% | -0.87% | 4.24% |
Returns By Period
In the year-to-date period, MUNI achieves a 0.11% return, which is significantly higher than PIOBX's -0.56% return. Over the past 10 years, MUNI has outperformed PIOBX with an annualized return of 2.17%, while PIOBX has yielded a comparatively lower 2.06% annualized return.
MUNI
- 1D
- 0.16%
- 1M
- -1.90%
- YTD
- 0.11%
- 6M
- 1.47%
- 1Y
- 4.63%
- 3Y*
- 3.33%
- 5Y*
- 1.30%
- 10Y*
- 2.17%
PIOBX
- 1D
- 0.48%
- 1M
- -2.43%
- YTD
- -0.56%
- 6M
- 0.43%
- 1Y
- 4.23%
- 3Y*
- 3.53%
- 5Y*
- 0.04%
- 10Y*
- 2.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MUNI vs. PIOBX - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is lower than PIOBX's 0.79% expense ratio.
Return for Risk
MUNI vs. PIOBX — Risk / Return Rank
MUNI
PIOBX
MUNI vs. PIOBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and Pioneer Bond Fund (PIOBX). 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.
| MUNI | PIOBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.06 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.53 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.81 | -0.16 |
Martin ratioReturn relative to average drawdown | 5.54 | 5.66 | -0.12 |
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
| MUNI | PIOBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.06 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.01 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.42 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.72 | +0.04 |
Correlation
The correlation between MUNI and PIOBX is 0.49, 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
MUNI vs. PIOBX - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 3.28%, less than PIOBX's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.03% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
PIOBX Pioneer Bond Fund | 3.45% | 3.78% | 3.31% | 2.46% | 1.62% | 5.71% | 4.62% | 3.02% | 3.13% | 3.01% | 2.97% | 3.05% |
Drawdowns
MUNI vs. PIOBX - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, smaller than the maximum PIOBX drawdown of -21.80%. Use the drawdown chart below to compare losses from any high point for MUNI and PIOBX.
Loading graphics...
Drawdown Indicators
| MUNI | PIOBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -21.80% | +10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.96% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -19.64% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -11.15% | -19.64% | +8.49% |
Current DrawdownCurrent decline from peak | -1.90% | -3.18% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -3.56% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.95% | -0.08% |
Volatility
MUNI vs. PIOBX - Volatility Comparison
The current volatility for PIMCO Intermediate Municipal Bond Active ETF (MUNI) is 1.10%, while Pioneer Bond Fund (PIOBX) has a volatility of 1.53%. This indicates that MUNI experiences smaller price fluctuations and is considered to be less risky than PIOBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MUNI | PIOBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.53% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.47% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.46% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 5.97% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.85% | 4.91% | -1.06% |