PFMIX vs. MUNI
Compare and contrast key facts about PIMCO Municipal Bond Fund (PFMIX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
PFMIX is managed by PIMCO. It was launched on Dec 30, 1997. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFMIX or MUNI.
Performance
PFMIX vs. MUNI - Performance Comparison
Returns By Period
In the year-to-date period, PFMIX achieves a 3.12% return, which is significantly higher than MUNI's 1.51% return. Over the past 10 years, PFMIX has outperformed MUNI with an annualized return of 3.10%, while MUNI has yielded a comparatively lower 2.23% annualized return.
PFMIX
3.12%
-0.50%
2.16%
8.50%
1.85%
3.10%
MUNI
1.51%
-0.63%
1.58%
6.52%
1.44%
2.23%
Key characteristics
| PFMIX | MUNI | |
|---|---|---|
| Sharpe Ratio | 2.45 | 1.98 |
| Sortino Ratio | 3.78 | 2.96 |
| Omega Ratio | 1.56 | 1.41 |
| Calmar Ratio | 1.08 | 1.12 |
| Martin Ratio | 11.96 | 9.33 |
| Ulcer Index | 0.74% | 0.70% |
| Daily Std Dev | 3.62% | 3.30% |
| Max Drawdown | -26.50% | -11.15% |
| Current Drawdown | -1.33% | -1.34% |
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PFMIX vs. MUNI - Expense Ratio Comparison
PFMIX has a 0.44% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Correlation
The correlation between PFMIX and MUNI is 0.52, 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. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Bond Fund (PFMIX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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. MUNI - Dividend Comparison
PFMIX's dividend yield for the trailing twelve months is around 4.04%, which matches MUNI's 4.02% 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% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.02% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
Drawdowns
PFMIX vs. MUNI - Drawdown Comparison
The maximum PFMIX drawdown since its inception was -26.50%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for PFMIX and MUNI. For additional features, visit the drawdowns tool.
Volatility
PFMIX vs. MUNI - Volatility Comparison
PIMCO Municipal Bond Fund (PFMIX) has a higher volatility of 1.72% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.61%. This indicates that PFMIX's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.