PBRNX vs. FRAMX
Compare and contrast key facts about PIMCO RealPath Blend Income Fund (PBRNX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PBRNX is managed by PIMCO. It was launched on Dec 30, 2014. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PBRNX vs. FRAMX - Performance Comparison
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PBRNX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBRNX PIMCO RealPath Blend Income Fund | -0.60% | 13.57% | 5.63% | 12.03% | -16.09% | 9.00% | 13.87% | 16.48% | -4.14% | 12.75% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, PBRNX achieves a -0.60% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, PBRNX has outperformed FRAMX with an annualized return of 6.33%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
PBRNX
- 1D
- 1.24%
- 1M
- -3.72%
- YTD
- -0.60%
- 6M
- 1.01%
- 1Y
- 9.97%
- 3Y*
- 8.17%
- 5Y*
- 3.83%
- 10Y*
- 6.33%
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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PBRNX vs. FRAMX - Expense Ratio Comparison
PBRNX has a 0.03% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PBRNX vs. FRAMX — Risk / Return Rank
PBRNX
FRAMX
PBRNX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend Income Fund (PBRNX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| PBRNX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.64 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.30 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.22 | -0.42 |
Martin ratioReturn relative to average drawdown | 7.13 | 8.81 | -1.68 |
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
| PBRNX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.64 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.42 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.84 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.50 | +0.24 |
Correlation
The correlation between PBRNX and FRAMX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBRNX vs. FRAMX - Dividend Comparison
PBRNX's dividend yield for the trailing twelve months is around 4.21%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBRNX PIMCO RealPath Blend Income Fund | 4.21% | 4.19% | 4.56% | 4.16% | 3.63% | 5.95% | 4.29% | 4.42% | 2.48% | 2.16% | 3.17% | 2.57% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PBRNX vs. FRAMX - Drawdown Comparison
The maximum PBRNX drawdown since its inception was -21.90%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PBRNX and FRAMX.
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Drawdown Indicators
| PBRNX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -33.94% | +12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -3.45% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -16.31% | -5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -21.90% | -16.31% | -5.59% |
Current DrawdownCurrent decline from peak | -4.17% | -2.47% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.86% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.87% | +0.61% |
Volatility
PBRNX vs. FRAMX - Volatility Comparison
PIMCO RealPath Blend Income Fund (PBRNX) has a higher volatility of 3.42% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that PBRNX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBRNX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.14% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 2.95% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.95% | 4.64% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 5.22% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.88% | 4.48% | +3.40% |