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

Correlation

The correlation between PFMIX and VWAHX is -0.04. 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.


Performance

PFMIX vs. VWAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Municipal Bond Fund (PFMIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). The values are adjusted to include any dividend payments, if applicable.

150.00%160.00%170.00%180.00%190.00%200.00%December2025FebruaryMarchAprilMay
151.54%
190.17%
PFMIX
VWAHX

Key characteristics

Sharpe Ratio

PFMIX:

0.30

VWAHX:

0.13

Sortino Ratio

PFMIX:

0.42

VWAHX:

0.30

Omega Ratio

PFMIX:

1.07

VWAHX:

1.05

Calmar Ratio

PFMIX:

0.30

VWAHX:

0.19

Martin Ratio

PFMIX:

1.01

VWAHX:

0.68

Ulcer Index

PFMIX:

1.55%

VWAHX:

1.89%

Daily Std Dev

PFMIX:

5.33%

VWAHX:

6.19%

Max Drawdown

PFMIX:

-26.50%

VWAHX:

-17.82%

Current Drawdown

PFMIX:

-2.86%

VWAHX:

-3.72%

Returns By Period

In the year-to-date period, PFMIX achieves a -1.00% return, which is significantly higher than VWAHX's -1.78% return. Both investments have delivered pretty close results over the past 10 years, with PFMIX having a 2.82% annualized return and VWAHX not far behind at 2.78%.


PFMIX

YTD

-1.00%

1M

-0.22%

6M

-0.15%

1Y

1.14%

5Y*

1.81%

10Y*

2.82%

VWAHX

YTD

-1.78%

1M

1.27%

6M

-1.06%

1Y

0.80%

5Y*

1.99%

10Y*

2.78%

*Annualized

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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.


Risk-Adjusted Performance

PFMIX vs. VWAHX — 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 3737
Overall Rank
The Sharpe Ratio Rank of PFMIX is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of PFMIX is 3232
Sortino Ratio Rank
The Omega Ratio Rank of PFMIX is 3434
Omega Ratio Rank
The Calmar Ratio Rank of PFMIX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of PFMIX is 3838
Martin Ratio Rank

VWAHX
The Risk-Adjusted Performance Rank of VWAHX is 3232
Overall Rank
The Sharpe Ratio Rank of VWAHX is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of VWAHX is 2929
Sortino Ratio Rank
The Omega Ratio Rank of VWAHX is 3131
Omega Ratio Rank
The Calmar Ratio Rank of VWAHX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of VWAHX is 3434
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. 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.


The current PFMIX Sharpe Ratio is 0.30, which is higher than the VWAHX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of PFMIX and VWAHX, 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 Ratio-0.500.000.501.001.502.002.503.00December2025FebruaryMarchAprilMay
0.20
0.13
PFMIX
VWAHX

Dividends

PFMIX vs. VWAHX - Dividend Comparison

PFMIX's dividend yield for the trailing twelve months is around 3.70%, more than VWAHX's 3.57% yield.


TTM20242023202220212020201920182017201620152014
PFMIX
PIMCO Municipal Bond Fund
3.70%4.07%3.75%3.04%2.12%2.44%3.25%3.76%3.44%3.44%3.51%3.17%
VWAHX
Vanguard High-Yield Tax-Exempt Fund Investor Shares
3.57%3.75%3.53%3.37%2.86%3.09%3.36%3.79%3.69%3.75%3.69%3.78%

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.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-2.86%
-3.72%
PFMIX
VWAHX

Volatility

PFMIX vs. VWAHX - Volatility Comparison

The current volatility for PIMCO Municipal Bond Fund (PFMIX) is 2.96%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 3.69%. 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.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
2.96%
3.69%
PFMIX
VWAHX