PFMIX vs. PTTRX
Compare and contrast key facts about PIMCO Municipal Bond Fund (PFMIX) and PIMCO Total Return Fund Institutional Class (PTTRX).
PFMIX is managed by PIMCO. It was launched on Dec 30, 1997. PTTRX is managed by PIMCO.
Performance
PFMIX vs. PTTRX - Performance Comparison
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PFMIX vs. PTTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFMIX PIMCO Municipal Bond Fund | -0.09% | 5.70% | 3.60% | 8.04% | -11.32% | 2.55% | 5.89% | 8.67% | 1.41% | 7.47% |
PTTRX PIMCO Total Return Fund Institutional Class | -0.68% | 9.35% | 2.62% | 6.33% | -14.72% | -0.59% | 8.88% | 8.36% | -0.24% | 5.13% |
Returns By Period
In the year-to-date period, PFMIX achieves a -0.09% return, which is significantly higher than PTTRX's -0.68% return. Over the past 10 years, PFMIX has outperformed PTTRX with an annualized return of 2.89%, while PTTRX has yielded a comparatively lower 2.27% annualized 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%
PTTRX
- 1D
- 0.34%
- 1M
- -2.24%
- YTD
- -0.68%
- 6M
- 0.80%
- 1Y
- 4.56%
- 3Y*
- 4.81%
- 5Y*
- 0.66%
- 10Y*
- 2.27%
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PFMIX vs. PTTRX - Expense Ratio Comparison
PFMIX has a 0.44% expense ratio, which is lower than PTTRX's 0.47% expense ratio.
Return for Risk
PFMIX vs. PTTRX — Risk / Return Rank
PFMIX
PTTRX
PFMIX vs. PTTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Bond Fund (PFMIX) and PIMCO Total Return Fund Institutional Class (PTTRX). 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 | PTTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.97 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.37 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.69 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.09 | 4.99 | -0.90 |
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 | PTTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.97 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.11 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.44 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 1.15 | -0.15 |
Correlation
The correlation between PFMIX and PTTRX is 0.47, 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. PTTRX - Dividend Comparison
PFMIX's dividend yield for the trailing twelve months is around 4.01%, less than PTTRX's 4.12% 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% |
PTTRX PIMCO Total Return Fund Institutional Class | 4.12% | 4.47% | 4.61% | 3.81% | 3.63% | 2.59% | 6.11% | 3.96% | 3.13% | 2.63% | 3.02% | 6.64% |
Drawdowns
PFMIX vs. PTTRX - Drawdown Comparison
The maximum PFMIX drawdown since its inception was -26.51%, which is greater than PTTRX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PFMIX and PTTRX.
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Drawdown Indicators
| PFMIX | PTTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.51% | -19.28% | -7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -3.67% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -19.28% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -19.28% | +3.17% |
Current DrawdownCurrent decline from peak | -2.30% | -2.78% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -2.19% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.24% | +0.20% |
Volatility
PFMIX vs. PTTRX - Volatility Comparison
The current volatility for PIMCO Municipal Bond Fund (PFMIX) is 1.07%, while PIMCO Total Return Fund Institutional Class (PTTRX) has a volatility of 2.05%. This indicates that PFMIX experiences smaller price fluctuations and is considered to be less risky than PTTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFMIX | PTTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 2.05% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 3.00% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 5.15% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 6.20% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 5.19% | -1.19% |