NEMUX vs. FXIEX

Last updated Jun 4, 2026

NEMUX (Nebraska Municipal Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 10 years, NEMUX returned 0.83%/yr vs 2.91%/yr for FXIEX. A 0.65 correlation means they provide meaningful diversification when combined. NEMUX charges 0.98%/yr vs 0.07%/yr for FXIEX.

Performance

NEMUX vs. FXIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nebraska Municipal Fund (NEMUX) and PIMCO Fixed Income SHares: Series TE (FXIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NEMUX having a 1.75% return and FXIEX slightly higher at 1.81%. Over the past 10 years, NEMUX has underperformed FXIEX with an annualized return of 0.83%, while FXIEX has yielded a comparatively higher 2.91% annualized return.

NEMUX

• 1D: 0.11%
• 1M: 0.57%
• YTD: 1.75%
• 6M: 2.04%
• 1Y: 6.79%
• 3Y*: 2.34%
• 5Y*: -0.28%
• 10Y*: 0.83%

FXIEX

• 1D: 0.20%
• 1M: 0.91%
• YTD: 1.81%
• 6M: 2.24%
• 1Y: 6.90%
• 3Y*: 5.23%
• 5Y*: 1.67%
• 10Y*: 2.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEMUX vs. FXIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEMUX Nebraska Municipal Fund	1.75%	2.62%	-0.55%	4.18%	-9.04%	-0.25%	3.23%	5.40%	0.48%	4.52%
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 NEMUX and FXIEX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 26, 2012	0.65

The correlation between NEMUX and FXIEX shifts across timeframes, from 0.61 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NEMUX vs. FXIEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEMUX

NEMUX Risk / Return Rank: 81
NEMUX Sharpe Ratio Rank: 86
NEMUX Sortino Ratio Rank: 91
NEMUX Omega Ratio Rank: 97
NEMUX Calmar Ratio Rank: 67
NEMUX Martin Ratio Rank: 62

FXIEX

FXIEX Risk / Return Rank: 78
FXIEX Sharpe Ratio Rank: 73
FXIEX Sortino Ratio Rank: 90
FXIEX Omega Ratio Rank: 88
FXIEX Calmar Ratio Rank: 80
FXIEX Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEMUX vs. FXIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nebraska Municipal Fund (NEMUX) 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.

	NEMUX	FXIEX	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.49	+0.31
Sortino ratio: Return per unit of downside risk	4.54	4.35	+0.18
Omega ratio: Gain probability vs. loss probability	1.91	1.61	+0.30
Calmar ratio: Return relative to maximum drawdown	3.17	3.61	-0.45
Martin ratio: Return relative to average drawdown	12.21	11.89	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEMUX vs. FXIEX - Sharpe Ratio Comparison

The current NEMUX Sharpe Ratio is 2.79, which is comparable to the FXIEX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of NEMUX and FXIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NEMUX	FXIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.49	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.40	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.73	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.60	-0.22

Drawdowns

NEMUX vs. FXIEX - Drawdown Comparison

The maximum NEMUX drawdown since its inception was -14.88%, roughly equal to the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for NEMUX and FXIEX.

Drawdown Indicators

	NEMUX	FXIEX	Difference
Max Drawdown Largest peak-to-trough decline	-14.88%	-15.25%	+0.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-2.42%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-7.43%	-5.56%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	-13.48%	-15.25%	+1.77%
Max Drawdown (10Y) Largest decline over 10 years	-13.53%	-15.25%	+1.72%
Current Drawdown Current decline from peak	-1.97%	0.00%	-1.97%
Average Drawdown Average peak-to-trough decline	-3.30%	-2.90%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	1.66%	-1.10%

Volatility

NEMUX vs. FXIEX - Volatility Comparison

The current volatility for Nebraska Municipal Fund (NEMUX) is 0.88%, while PIMCO Fixed Income SHares: Series TE (FXIEX) has a volatility of 1.29%. This indicates that NEMUX experiences smaller price fluctuations and is considered to be less risky than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEMUX	FXIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	1.29%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	1.71%	2.19%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	2.44%	3.55%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	4.37%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.77%	4.10%	-0.33%

NEMUX vs. FXIEX - Expense Ratio Comparison

NEMUX has a 0.98% expense ratio, which is higher than FXIEX's 0.07% expense ratio.

Dividends

NEMUX vs. FXIEX - Dividend Comparison

NEMUX's dividend yield for the trailing twelve months is around 3.22%, more 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%
NEMUX Nebraska Municipal Fund	3.22%	3.29%	3.09%	2.25%	1.69%	1.54%	1.76%	2.37%	2.39%	2.47%	2.59%	2.23%

Frequently Asked Questions

Can I hold both NEMUX and FXIEX in my portfolio?

NEMUX and FXIEX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEMUX or FXIEX?

FXIEX has higher volatility (1.29%) compared to NEMUX (0.88%). In terms of maximum drawdown, NEMUX dropped -14.88% vs FXIEX's -15.25%.

Which has better risk-adjusted returns?

NEMUX currently has the higher Sharpe Ratio (2.79 vs 2.49), 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.