PCFIX vs. PMJIX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO RAE PLUS Small Fund (PCFIX) and PIMCO RAE US Small Fund (PMJIX).

PCFIX is managed by PIMCO. It was launched on Sep 30, 2011. PMJIX is managed by PIMCO. It was launched on Jun 5, 2015.

Performance

PCFIX vs. PMJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE PLUS Small Fund (PCFIX) and PIMCO RAE US Small Fund (PMJIX). The values are adjusted to include any dividend payments, if applicable.

PCFIX vs. PMJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCFIX PIMCO RAE PLUS Small Fund	-2.10%	6.78%	20.88%	18.04%	-12.46%	-36.92%	9.77%	21.53%	-12.19%	12.90%
PMJIX PIMCO RAE US Small Fund	-0.95%	5.11%	22.05%	19.77%	-4.62%	39.15%	6.95%	20.22%	-11.69%	9.22%

Returns By Period

In the year-to-date period, PCFIX achieves a -2.10% return, which is significantly lower than PMJIX's -0.95% return. Over the past 10 years, PCFIX has underperformed PMJIX with an annualized return of 3.59%, while PMJIX has yielded a comparatively higher 12.04% annualized return.

PCFIX

• 1D: -0.95%
• 1M: -7.45%
• YTD: -2.10%
• 6M: 1.30%
• 1Y: 14.37%
• 3Y*: 14.75%
• 5Y*: -8.08%
• 10Y*: 3.59%

PMJIX

• 1D: -1.12%
• 1M: -6.04%
• YTD: -0.95%
• 6M: 1.54%
• 1Y: 13.70%
• 3Y*: 14.79%
• 5Y*: 9.83%
• 10Y*: 12.04%

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

PCFIX vs. PMJIX - Expense Ratio Comparison

PCFIX has a 0.85% expense ratio, which is higher than PMJIX's 0.50% expense ratio.

PCFIX

PIMCO RAE PLUS Small Fund

PMJIX

PIMCO RAE US Small Fund

Return for Risk

PCFIX vs. PMJIX — Risk / Return Rank

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

PCFIX

PCFIX Risk / Return Rank: 28
PCFIX Sharpe Ratio Rank: 27
PCFIX Sortino Ratio Rank: 30
PCFIX Omega Ratio Rank: 26
PCFIX Calmar Ratio Rank: 28
PCFIX Martin Ratio Rank: 30

PMJIX

PMJIX Risk / Return Rank: 28
PMJIX Sharpe Ratio Rank: 26
PMJIX Sortino Ratio Rank: 29
PMJIX Omega Ratio Rank: 25
PMJIX Calmar Ratio Rank: 28
PMJIX Martin Ratio Rank: 30

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.

PCFIX vs. PMJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE PLUS Small Fund (PCFIX) and PIMCO RAE US Small Fund (PMJIX). 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.

	PCFIX	PMJIX	Difference
Sharpe ratio Return per unit of total volatility	0.66	0.63	+0.03
Sortino ratio Return per unit of downside risk	1.07	1.03	+0.03
Omega ratio Gain probability vs. loss probability	1.14	1.14	+0.01
Calmar ratio Return relative to maximum drawdown	0.80	0.79	+0.02
Martin ratio Return relative to average drawdown	3.22	3.17	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCFIX vs. PMJIX - Sharpe Ratio Comparison

The current PCFIX Sharpe Ratio is 0.66, which is comparable to the PMJIX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of PCFIX and PMJIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCFIX	PMJIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	0.63	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.25	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.37	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.32	-0.03

Correlation

The correlation between PCFIX and PMJIX is 0.99, 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

PCFIX vs. PMJIX - Dividend Comparison

PCFIX's dividend yield for the trailing twelve months is around 3.05%, less than PMJIX's 3.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCFIX PIMCO RAE PLUS Small Fund	3.05%	2.24%	6.12%	2.12%	13.29%	96.19%	18.00%	2.63%	12.78%	9.33%	0.00%	26.50%
PMJIX PIMCO RAE US Small Fund	3.18%	3.15%	3.26%	1.25%	9.91%	65.79%	9.46%	1.55%	7.65%	4.69%	1.24%	1.67%

Drawdowns

PCFIX vs. PMJIX - Drawdown Comparison

The maximum PCFIX drawdown since its inception was -67.77%, which is greater than PMJIX's maximum drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PCFIX and PMJIX.

Drawdown Indicators

	PCFIX	PMJIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.77%	-49.75%	-18.02%
Max Drawdown (1Y) Largest decline over 1 year	-15.69%	-14.85%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-67.77%	-49.75%	-18.02%
Max Drawdown (10Y) Largest decline over 10 years	-67.77%	-49.75%	-18.02%
Current Drawdown Current decline from peak	-45.84%	-11.67%	-34.17%
Average Drawdown Average peak-to-trough decline	-21.20%	-16.44%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	3.68%	+0.24%

Volatility

PCFIX vs. PMJIX - Volatility Comparison

PIMCO RAE PLUS Small Fund (PCFIX) has a higher volatility of 5.43% compared to PIMCO RAE US Small Fund (PMJIX) at 4.81%. This indicates that PCFIX's price experiences larger fluctuations and is considered to be riskier than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCFIX	PMJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	4.81%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	12.39%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	22.25%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.66%	39.62%	-5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.13%	33.08%	-2.95%