PFMIX vs. CGMU
Compare and contrast key facts about PIMCO Municipal Bond Fund (PFMIX) and Capital Group Municipal Income ETF (CGMU).
PFMIX is managed by PIMCO. It was launched on Dec 30, 1997. CGMU is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Performance
PFMIX vs. CGMU - Performance Comparison
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PFMIX vs. CGMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PFMIX PIMCO Municipal Bond Fund | -0.09% | 5.70% | 3.60% | 8.04% | 5.19% |
CGMU Capital Group Municipal Income ETF | 0.16% | 5.19% | 2.64% | 6.76% | 4.53% |
Returns By Period
In the year-to-date period, PFMIX achieves a -0.09% return, which is significantly lower than CGMU's 0.16% return.
PFMIX
- 1D
- 0.32%
- 1M
- -1.99%
- YTD
- -0.09%
- 6M
- 1.26%
- 1Y
- 4.35%
- 3Y*
- 4.83%
- 5Y*
- 1.49%
- 10Y*
- 2.89%
CGMU
- 1D
- 0.18%
- 1M
- -1.92%
- YTD
- 0.16%
- 6M
- 1.65%
- 1Y
- 4.63%
- 3Y*
- 4.00%
- 5Y*
- —
- 10Y*
- —
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PFMIX vs. CGMU - Expense Ratio Comparison
PFMIX has a 0.44% expense ratio, which is higher than CGMU's 0.27% expense ratio.
Return for Risk
PFMIX vs. CGMU — Risk / Return Rank
PFMIX
CGMU
PFMIX vs. CGMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Bond Fund (PFMIX) and Capital Group Municipal Income ETF (CGMU). 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.
| PFMIX | CGMU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.43 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.83 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.72 | -0.46 |
Martin ratioReturn relative to average drawdown | 4.09 | 5.71 | -1.62 |
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
| PFMIX | CGMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.43 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 1.61 | -0.62 |
Correlation
The correlation between PFMIX and CGMU is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PFMIX vs. CGMU - Dividend Comparison
PFMIX's dividend yield for the trailing twelve months is around 4.01%, more than CGMU's 3.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFMIX PIMCO Municipal Bond Fund | 4.01% | 5.15% | 4.73% | 3.44% | 2.25% | 2.13% | 2.45% | 3.51% | 3.77% | 3.45% | 3.44% | 3.49% |
CGMU Capital Group Municipal Income ETF | 3.37% | 3.32% | 3.21% | 3.08% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFMIX vs. CGMU - Drawdown Comparison
The maximum PFMIX drawdown since its inception was -26.51%, which is greater than CGMU's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for PFMIX and CGMU.
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Drawdown Indicators
| PFMIX | CGMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.51% | -4.11% | -22.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -2.86% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.30% | -2.09% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -0.82% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.86% | +0.58% |
Volatility
PFMIX vs. CGMU - Volatility Comparison
PIMCO Municipal Bond Fund (PFMIX) and Capital Group Municipal Income ETF (CGMU) have volatilities of 1.07% and 1.08%, 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
| PFMIX | CGMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.08% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.65% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 3.27% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 3.52% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 3.52% | +0.48% |