PHMIX vs. MTD
PHMIX (PIMCO High Yield Municipal Bond Fund) is High Yield Muni fund managed by PIMCO, while MTD (Mettler-Toledo International Inc.) is a stock. Over the past 10 years, PHMIX returned 3.71%/yr vs 12.07%/yr for MTD. At a 0.01 correlation, their price movements are largely independent.
Performance
PHMIX vs. MTD - Performance Comparison
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Returns By Period
In the year-to-date period, PHMIX achieves a 2.42% return, which is significantly higher than MTD's -16.13% return. Over the past 10 years, PHMIX has underperformed MTD with an annualized return of 3.71%, while MTD has yielded a comparatively higher 12.07% annualized return.
PHMIX
- 1D
- 0.24%
- 1M
- 0.99%
- YTD
- 2.42%
- 6M
- 2.59%
- 1Y
- 7.80%
- 3Y*
- 6.06%
- 5Y*
- 1.61%
- 10Y*
- 3.71%
MTD
- 1D
- -0.06%
- 1M
- -7.24%
- YTD
- -16.13%
- 6M
- -18.51%
- 1Y
- 0.25%
- 3Y*
- -4.26%
- 5Y*
- -1.43%
- 10Y*
- 12.07%
PHMIX vs. MTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 2.42% | 5.00% | 5.33% | 8.97% | -13.90% | 5.51% | 6.21% | 10.77% | 2.28% | 9.83% |
MTD Mettler-Toledo International Inc. | -16.13% | 13.93% | 0.88% | -16.08% | -14.83% | 48.92% | 43.67% | 40.26% | -8.71% | 48.01% |
Correlation
The correlation between PHMIX and MTD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2006 | 0.01 |
Over the past year, PHMIX and MTD have become more correlated (0.23) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
PHMIX vs. MTD — Risk / Return Rank
PHMIX
MTD
PHMIX vs. MTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) and Mettler-Toledo International Inc. (MTD). 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.
| PHMIX | MTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.03 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 0.01 | +2.67 |
| Martin ratioReturn relative to average drawdown | 9.13 | 0.02 | +9.11 |
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
| PHMIX | MTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 0.01 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.04 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.41 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.52 | +0.35 |
Drawdowns
PHMIX vs. MTD - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.54%, smaller than the maximum MTD drawdown of -61.43%. Use the drawdown chart below to compare losses from any high point for PHMIX and MTD.
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Drawdown Indicators
| PHMIX | MTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -61.43% | +25.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -31.90% | +28.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.50% | -36.61% | +30.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -43.47% | +24.51% |
Max Drawdown (10Y)Largest decline over 10 years | -18.96% | -43.47% | +24.51% |
Current DrawdownCurrent decline from peak | -0.02% | -31.32% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -13.67% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 10.81% | -9.95% |
Volatility
PHMIX vs. MTD - Volatility Comparison
The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 1.37%, while Mettler-Toledo International Inc. (MTD) has a volatility of 20.06%. This indicates that PHMIX experiences smaller price fluctuations and is considered to be less risky than MTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHMIX | MTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 20.06% | -18.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 26.08% | -23.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 32.11% | -28.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 32.14% | -27.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 29.77% | -25.06% |
Dividends
PHMIX vs. MTD - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.57%, while MTD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTD Mettler-Toledo International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHMIX PIMCO High Yield Municipal Bond Fund | 4.57% | 5.91% | 5.33% | 4.71% | 3.39% | 3.84% | 3.62% | 4.38% | 4.41% | 4.22% | 4.12% | 4.46% |
Frequently Asked Questions
PHMIX and MTD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTD has higher volatility (20.06%) compared to PHMIX (1.37%). In terms of maximum drawdown, PHMIX dropped -35.54% vs MTD's -61.43%.
PHMIX currently has the higher Sharpe Ratio (2.27 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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