PHMIX vs. MTD
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and Mettler-Toledo International Inc. (MTD).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHMIX or MTD.
Performance
PHMIX vs. MTD - Performance Comparison
Returns By Period
In the year-to-date period, PHMIX achieves a 5.14% return, which is significantly higher than MTD's 0.41% return. Over the past 10 years, PHMIX has underperformed MTD with an annualized return of 4.11%, while MTD has yielded a comparatively higher 15.23% annualized return.
PHMIX
5.14%
0.96%
4.26%
10.44%
2.08%
4.11%
MTD
0.41%
-7.75%
-17.68%
12.92%
11.36%
15.23%
Key characteristics
| PHMIX | MTD | |
|---|---|---|
| Sharpe Ratio | 2.49 | 0.39 |
| Sortino Ratio | 3.86 | 0.84 |
| Omega Ratio | 1.59 | 1.10 |
| Calmar Ratio | 0.94 | 0.35 |
| Martin Ratio | 12.43 | 1.64 |
| Ulcer Index | 0.84% | 7.90% |
| Daily Std Dev | 4.20% | 33.23% |
| Max Drawdown | -35.54% | -61.43% |
| Current Drawdown | -1.64% | -28.46% |
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Correlation
The correlation between PHMIX and MTD is -0.01. 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.
Risk-Adjusted Performance
PHMIX vs. MTD - Risk-Adjusted Performance 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.
Dividends
PHMIX vs. MTD - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.60%, while MTD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.60% | 4.72% | 4.33% | 2.99% | 3.07% | 3.82% | 4.25% | 4.21% | 4.13% | 4.47% | 4.51% | 4.75% |
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% |
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. For additional features, visit the drawdowns tool.
Volatility
PHMIX vs. MTD - Volatility Comparison
The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 1.80%, while Mettler-Toledo International Inc. (MTD) has a volatility of 11.97%. 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.