MUNI vs. PMNPX
Compare and contrast key facts about PIMCO Intermediate Municipal Bond Active ETF (MUNI) and PIMCO National Intermediate Municipal Bond Fund (PMNPX).
MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009. PMNPX is managed by PIMCO. It was launched on May 30, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUNI or PMNPX.
Key characteristics
| MUNI | PMNPX | |
|---|---|---|
| YTD Return | 1.63% | 2.19% |
| 1Y Return | 7.83% | 7.76% |
| 3Y Return (Ann) | 0.43% | 0.92% |
| 5Y Return (Ann) | 1.55% | 1.76% |
| 10Y Return (Ann) | 2.23% | 2.42% |
| Sharpe Ratio | 2.29 | 2.53 |
| Sortino Ratio | 3.45 | 3.99 |
| Omega Ratio | 1.48 | 1.60 |
| Calmar Ratio | 1.11 | 1.41 |
| Martin Ratio | 11.34 | 11.95 |
| Ulcer Index | 0.67% | 0.65% |
| Daily Std Dev | 3.34% | 3.06% |
| Max Drawdown | -11.15% | -10.82% |
| Current Drawdown | -1.23% | -1.33% |
Correlation
The correlation between MUNI and PMNPX is 0.57, 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.
Performance
MUNI vs. PMNPX - Performance Comparison
In the year-to-date period, MUNI achieves a 1.63% return, which is significantly lower than PMNPX's 2.19% return. Over the past 10 years, MUNI has underperformed PMNPX with an annualized return of 2.23%, while PMNPX has yielded a comparatively higher 2.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MUNI vs. PMNPX - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is lower than PMNPX's 0.55% expense ratio.
Risk-Adjusted Performance
MUNI vs. PMNPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and PIMCO National Intermediate Municipal Bond Fund (PMNPX). 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.
Dividends
MUNI vs. PMNPX - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 4.02%, more than PMNPX's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.02% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
PMNPX PIMCO National Intermediate Municipal Bond Fund | 3.63% | 3.21% | 2.25% | 1.87% | 1.95% | 2.32% | 2.61% | 2.38% | 2.12% | 2.17% | 1.93% | 1.48% |
Drawdowns
MUNI vs. PMNPX - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, roughly equal to the maximum PMNPX drawdown of -10.82%. Use the drawdown chart below to compare losses from any high point for MUNI and PMNPX. For additional features, visit the drawdowns tool.
Volatility
MUNI vs. PMNPX - Volatility Comparison
PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a higher volatility of 1.59% compared to PIMCO National Intermediate Municipal Bond Fund (PMNPX) at 1.38%. This indicates that MUNI's price experiences larger fluctuations and is considered to be riskier than PMNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.