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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFMIX or CGMU.
Performance
PFMIX vs. CGMU - Performance Comparison
Returns By Period
In the year-to-date period, PFMIX achieves a 3.12% return, which is significantly higher than CGMU's 2.91% return.
PFMIX
3.12%
-0.50%
2.16%
8.50%
1.85%
3.10%
CGMU
2.91%
-0.42%
2.54%
6.84%
N/A
N/A
Key characteristics
| PFMIX | CGMU | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.10 |
| Sortino Ratio | 3.78 | 3.07 |
| Omega Ratio | 1.56 | 1.44 |
| Calmar Ratio | 1.08 | 2.96 |
| Martin Ratio | 11.96 | 11.99 |
| Ulcer Index | 0.74% | 0.61% |
| Daily Std Dev | 3.62% | 3.47% |
| Max Drawdown | -26.50% | -4.10% |
| Current Drawdown | -1.33% | -1.00% |
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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.
Correlation
The correlation between PFMIX and CGMU is 0.69, 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.
Risk-Adjusted Performance
PFMIX vs. CGMU - Risk-Adjusted Performance 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.
Dividends
PFMIX vs. CGMU - Dividend Comparison
PFMIX's dividend yield for the trailing twelve months is around 4.04%, more than CGMU's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFMIX PIMCO Municipal Bond Fund | 4.04% | 3.76% | 3.05% | 2.13% | 2.45% | 3.24% | 3.77% | 3.43% | 3.44% | 3.51% | 3.17% | 3.47% |
CGMU Capital Group Municipal Income ETF | 3.19% | 3.09% | 0.49% | 0.00% | 0.00% | 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 -26.50%, which is greater than CGMU's maximum drawdown of -4.10%. Use the drawdown chart below to compare losses from any high point for PFMIX and CGMU. For additional features, visit the drawdowns tool.
Volatility
PFMIX vs. CGMU - Volatility Comparison
The current volatility for PIMCO Municipal Bond Fund (PFMIX) is 1.72%, while Capital Group Municipal Income ETF (CGMU) has a volatility of 1.96%. This indicates that PFMIX experiences smaller price fluctuations and is considered to be less risky than CGMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.