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 3.55%/yr vs 12.33%/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 -17.04% return. Over the past 10 years, PHMIX has underperformed MTD with an annualized return of 3.55%, while MTD has yielded a comparatively higher 12.33% annualized return.
PHMIX
- 1D
- -0.24%
- 1M
- 1.72%
- YTD
- 2.42%
- 6M
- 2.96%
- 1Y
- 7.28%
- 3Y*
- 5.80%
- 5Y*
- 1.49%
- 10Y*
- 3.55%
MTD
- 1D
- -0.64%
- 1M
- 4.85%
- YTD
- -17.04%
- 6M
- -18.24%
- 1Y
- -0.60%
- 3Y*
- -3.53%
- 5Y*
- -3.12%
- 10Y*
- 12.33%
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. | -17.04% | 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 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
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 1, 2006 | 0.01 |
Over the past year, PHMIX and MTD have become more correlated (0.25) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PHMIX | MTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.03 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.02 | +2.61 |
| Martin ratioReturn relative to average drawdown | 8.83 | -0.05 | +8.88 |
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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 | -0.24% | -32.06% | +31.82% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -13.70% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 12.04% | -11.18% |
Volatility
PHMIX vs. MTD - Volatility Comparison
The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 0.93%, while Mettler-Toledo International Inc. (MTD) has a volatility of 8.85%. 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 | 0.93% | 8.85% | -7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 26.22% | -23.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 32.03% | -28.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 32.18% | -27.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 29.76% | -25.05% |
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 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTD has higher volatility (8.85%) compared to PHMIX (0.93%). In terms of maximum drawdown, PHMIX dropped -35.54% vs MTD's -61.43%.
PHMIX currently has the higher Sharpe Ratio (2.22 vs -0.02), 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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