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PFMIX vs. MUNI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PFMIX and MUNI is -0.03. 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.


-0.50.00.51.0
Correlation: -0.0

Performance

PFMIX vs. MUNI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Municipal Bond Fund (PFMIX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). The values are adjusted to include any dividend payments, if applicable.

50.00%60.00%70.00%80.00%December2025FebruaryMarchAprilMay
77.62%
47.65%
PFMIX
MUNI

Key characteristics

Sharpe Ratio

PFMIX:

0.50

MUNI:

0.45

Sortino Ratio

PFMIX:

0.69

MUNI:

0.63

Omega Ratio

PFMIX:

1.11

MUNI:

1.10

Calmar Ratio

PFMIX:

0.51

MUNI:

0.54

Martin Ratio

PFMIX:

1.78

MUNI:

1.71

Ulcer Index

PFMIX:

1.51%

MUNI:

1.16%

Daily Std Dev

PFMIX:

5.34%

MUNI:

4.42%

Max Drawdown

PFMIX:

-26.50%

MUNI:

-11.15%

Current Drawdown

PFMIX:

-2.65%

MUNI:

-2.16%

Returns By Period

In the year-to-date period, PFMIX achieves a -0.79% return, which is significantly lower than MUNI's -0.38% return. Over the past 10 years, PFMIX has outperformed MUNI with an annualized return of 2.83%, while MUNI has yielded a comparatively lower 2.10% annualized return.


PFMIX

YTD

-0.79%

1M

-1.07%

6M

-0.78%

1Y

2.34%

5Y*

1.98%

10Y*

2.83%

MUNI

YTD

-0.38%

1M

-0.83%

6M

-0.23%

1Y

1.90%

5Y*

1.48%

10Y*

2.10%

*Annualized

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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.


Expense ratio chart for PFMIX: current value is 0.44%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PFMIX: 0.44%
Expense ratio chart for MUNI: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MUNI: 0.35%

Risk-Adjusted Performance

PFMIX vs. MUNI — Risk-Adjusted Performance Rank

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

PFMIX
The Risk-Adjusted Performance Rank of PFMIX is 5555
Overall Rank
The Sharpe Ratio Rank of PFMIX is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of PFMIX is 4949
Sortino Ratio Rank
The Omega Ratio Rank of PFMIX is 5555
Omega Ratio Rank
The Calmar Ratio Rank of PFMIX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of PFMIX is 5454
Martin Ratio Rank

MUNI
The Risk-Adjusted Performance Rank of MUNI is 5252
Overall Rank
The Sharpe Ratio Rank of MUNI is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of MUNI is 4545
Sortino Ratio Rank
The Omega Ratio Rank of MUNI is 4949
Omega Ratio Rank
The Calmar Ratio Rank of MUNI is 6363
Calmar Ratio Rank
The Martin Ratio Rank of MUNI is 5353
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for PFMIX, currently valued at 0.50, compared to the broader market-1.000.001.002.003.00
PFMIX: 0.50
MUNI: 0.45
The chart of Sortino ratio for PFMIX, currently valued at 0.69, compared to the broader market-2.000.002.004.006.008.00
PFMIX: 0.69
MUNI: 0.63
The chart of Omega ratio for PFMIX, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.00
PFMIX: 1.11
MUNI: 1.10
The chart of Calmar ratio for PFMIX, currently valued at 0.51, compared to the broader market0.002.004.006.008.0010.00
PFMIX: 0.51
MUNI: 0.54
The chart of Martin ratio for PFMIX, currently valued at 1.78, compared to the broader market0.0010.0020.0030.0040.00
PFMIX: 1.78
MUNI: 1.71

The current PFMIX Sharpe Ratio is 0.50, which is comparable to the MUNI Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of PFMIX and MUNI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.50
0.45
PFMIX
MUNI

Dividends

PFMIX vs. MUNI - Dividend Comparison

PFMIX's dividend yield for the trailing twelve months is around 3.68%, more than MUNI's 3.17% yield.


TTM20242023202220212020201920182017201620152014
PFMIX
PIMCO Municipal Bond Fund
3.68%4.06%3.76%3.05%2.13%2.45%3.24%3.77%3.43%3.44%3.51%3.17%
MUNI
PIMCO Intermediate Municipal Bond Active ETF
3.17%3.50%3.63%2.13%1.62%1.92%2.44%2.57%2.37%2.37%2.20%1.91%

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.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-2.65%
-2.16%
PFMIX
MUNI

Volatility

PFMIX vs. MUNI - Volatility Comparison

PIMCO Municipal Bond Fund (PFMIX) has a higher volatility of 3.96% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 3.22%. 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.


1.00%2.00%3.00%4.00%December2025FebruaryMarchAprilMay
3.96%
3.22%
PFMIX
MUNI