PCTIX vs. PMJIX
Compare and contrast key facts about PIMCO California Municipal Bond Fund (PCTIX) and PIMCO RAE US Small Fund (PMJIX).
PCTIX is managed by PIMCO. It was launched on May 30, 2012. PMJIX is managed by PIMCO. It was launched on Jun 5, 2015.
Performance
PCTIX vs. PMJIX - Performance Comparison
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PCTIX vs. PMJIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTIX PIMCO California Municipal Bond Fund | -0.43% | 3.92% | 3.12% | 7.98% | -10.90% | 1.96% | 6.89% | 9.11% | 1.11% | 7.30% |
PMJIX PIMCO RAE US Small Fund | 1.03% | 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, PCTIX achieves a -0.43% return, which is significantly lower than PMJIX's 1.03% return. Over the past 10 years, PCTIX has underperformed PMJIX with an annualized return of 2.66%, while PMJIX has yielded a comparatively higher 12.26% annualized return.
PCTIX
- 1D
- 0.28%
- 1M
- -2.48%
- YTD
- -0.43%
- 6M
- 1.16%
- 1Y
- 3.85%
- 3Y*
- 3.93%
- 5Y*
- 1.09%
- 10Y*
- 2.66%
PMJIX
- 1D
- 2.00%
- 1M
- -4.24%
- YTD
- 1.03%
- 6M
- 2.69%
- 1Y
- 15.30%
- 3Y*
- 15.55%
- 5Y*
- 9.68%
- 10Y*
- 12.26%
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PCTIX vs. PMJIX - Expense Ratio Comparison
PCTIX has a 0.44% expense ratio, which is lower than PMJIX's 0.50% expense ratio.
Return for Risk
PCTIX vs. PMJIX — Risk / Return Rank
PCTIX
PMJIX
PCTIX vs. PMJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO California Municipal Bond Fund (PCTIX) 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.
| PCTIX | PMJIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.72 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.16 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.94 | -0.04 |
Martin ratioReturn relative to average drawdown | 2.59 | 3.76 | -1.17 |
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
| PCTIX | PMJIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.72 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.25 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.37 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.33 | +0.48 |
Correlation
The correlation between PCTIX and PMJIX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PCTIX vs. PMJIX - Dividend Comparison
PCTIX's dividend yield for the trailing twelve months is around 3.38%, more than PMJIX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCTIX PIMCO California Municipal Bond Fund | 3.38% | 3.60% | 3.73% | 3.47% | 1.97% | 1.76% | 2.01% | 2.63% | 2.97% | 3.04% | 2.95% | 2.81% |
PMJIX PIMCO RAE US Small Fund | 3.12% | 3.15% | 3.26% | 1.25% | 9.91% | 65.79% | 9.46% | 1.55% | 7.65% | 4.69% | 1.24% | 1.67% |
Drawdowns
PCTIX vs. PMJIX - Drawdown Comparison
The maximum PCTIX drawdown since its inception was -16.98%, smaller than the maximum PMJIX drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PCTIX and PMJIX.
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Drawdown Indicators
| PCTIX | PMJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.98% | -49.75% | +32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -14.85% | +9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.98% | -49.75% | +32.77% |
Max Drawdown (10Y)Largest decline over 10 years | -16.98% | -49.75% | +32.77% |
Current DrawdownCurrent decline from peak | -2.48% | -9.91% | +7.43% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -16.44% | +13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.69% | -1.98% |
Volatility
PCTIX vs. PMJIX - Volatility Comparison
The current volatility for PIMCO California Municipal Bond Fund (PCTIX) is 1.03%, while PIMCO RAE US Small Fund (PMJIX) has a volatility of 5.31%. This indicates that PCTIX experiences smaller price fluctuations and is considered to be less risky than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCTIX | PMJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 5.31% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 12.52% | -10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 22.29% | -17.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 39.63% | -35.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 33.08% | -28.68% |