PFMIX vs. VWAHX
Compare and contrast key facts about PIMCO Municipal Bond Fund (PFMIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
PFMIX is managed by PIMCO. It was launched on Dec 30, 1997. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFMIX or VWAHX.
Performance
PFMIX vs. VWAHX - Performance Comparison
Returns By Period
In the year-to-date period, PFMIX achieves a 3.12% return, which is significantly lower than VWAHX's 3.54% return. Both investments have delivered pretty close results over the past 10 years, with PFMIX having a 3.10% annualized return and VWAHX not far ahead at 3.15%.
PFMIX
3.12%
-0.50%
2.16%
8.50%
1.85%
3.10%
VWAHX
3.54%
-0.52%
2.74%
10.05%
1.60%
3.15%
Key characteristics
| PFMIX | VWAHX | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.53 |
| Sortino Ratio | 3.78 | 3.78 |
| Omega Ratio | 1.56 | 1.60 |
| Calmar Ratio | 1.08 | 0.97 |
| Martin Ratio | 11.96 | 11.95 |
| Ulcer Index | 0.74% | 0.87% |
| Daily Std Dev | 3.62% | 4.11% |
| Max Drawdown | -26.50% | -17.82% |
| Current Drawdown | -1.33% | -1.77% |
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PFMIX vs. VWAHX - Expense Ratio Comparison
PFMIX has a 0.44% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Correlation
The correlation between PFMIX and VWAHX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PFMIX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Bond Fund (PFMIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
PFMIX's dividend yield for the trailing twelve months is around 4.04%, more than VWAHX's 3.70% 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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
PFMIX vs. VWAHX - Drawdown Comparison
The maximum PFMIX drawdown since its inception was -26.50%, which is greater than VWAHX's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for PFMIX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
PFMIX vs. VWAHX - Volatility Comparison
The current volatility for PIMCO Municipal Bond Fund (PFMIX) is 1.72%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 2.01%. This indicates that PFMIX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.