NEARX vs. FXIEX
NEARX (U.S. Global Investors Near-Term Tax Free Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 10 years, NEARX returned 1.01%/yr vs 2.77%/yr for FXIEX. At a 0.29 correlation, their price movements are largely independent. NEARX charges 0.45%/yr vs 0.07%/yr for FXIEX.
Performance
NEARX vs. FXIEX - Performance Comparison
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Returns By Period
In the year-to-date period, NEARX achieves a 0.56% return, which is significantly lower than FXIEX's 1.81% return. Over the past 10 years, NEARX has underperformed FXIEX with an annualized return of 1.01%, while FXIEX has yielded a comparatively higher 2.77% annualized return.
NEARX
- 1D
- -0.47%
- 1M
- 0.70%
- YTD
- 0.56%
- 6M
- 0.31%
- 1Y
- 2.52%
- 3Y*
- 2.82%
- 5Y*
- 0.76%
- 10Y*
- 1.01%
FXIEX
- 1D
- 0.00%
- 1M
- 1.74%
- YTD
- 1.81%
- 6M
- 2.34%
- 1Y
- 6.45%
- 3Y*
- 4.97%
- 5Y*
- 1.63%
- 10Y*
- 2.77%
NEARX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEARX U.S. Global Investors Near-Term Tax Free Fund | 0.56% | 3.47% | 2.19% | 3.04% | -5.25% | -0.46% | 2.94% | 2.40% | 1.58% | 1.48% |
FXIEX PIMCO Fixed Income SHares: Series TE | 1.81% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Correlation
The correlation between NEARX and FXIEX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.29 |
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Return for Risk
NEARX vs. FXIEX — Risk / Return Rank
NEARX
FXIEX
NEARX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors Near-Term Tax Free Fund (NEARX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NEARX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.56 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.26 | -1.52 |
| Martin ratioReturn relative to average drawdown | 4.49 | 10.82 | -6.33 |
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Drawdowns
NEARX vs. FXIEX - Drawdown Comparison
The maximum NEARX drawdown since its inception was -80.12%, which is greater than FXIEX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for NEARX and FXIEX.
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Drawdown Indicators
| NEARX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -15.25% | -64.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -2.42% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -1.45% | -5.56% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -6.91% | -15.25% | +8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -6.91% | -15.25% | +8.34% |
Current DrawdownCurrent decline from peak | -0.77% | -0.10% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -20.80% | -2.88% | -17.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.79% | -0.23% |
Volatility
NEARX vs. FXIEX - Volatility Comparison
U.S. Global Investors Near-Term Tax Free Fund (NEARX) and PIMCO Fixed Income SHares: Series TE (FXIEX) have volatilities of 0.86% and 0.84%, 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
| NEARX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.84% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 2.16% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 3.46% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 4.37% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 4.10% | -1.55% |
NEARX vs. FXIEX - Expense Ratio Comparison
NEARX has a 0.45% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Dividends
NEARX vs. FXIEX - Dividend Comparison
NEARX's dividend yield for the trailing twelve months is around 2.50%, less than FXIEX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIEX PIMCO Fixed Income SHares: Series TE | 2.79% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
NEARX U.S. Global Investors Near-Term Tax Free Fund | 2.50% | 2.45% | 2.65% | 2.50% | 1.10% | 0.88% | 1.10% | 1.46% | 2.01% | 1.47% | 1.36% | 1.83% |
Frequently Asked Questions
NEARX and FXIEX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEARX has higher volatility (0.86%) compared to FXIEX (0.84%). In terms of maximum drawdown, NEARX dropped -80.12% vs FXIEX's -15.25%.
FXIEX currently has the higher Sharpe Ratio (2.28 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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