PHMIX vs. SCHJ
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHMIX or SCHJ.
Correlation
The correlation between PHMIX and SCHJ is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PHMIX vs. SCHJ - Performance Comparison
Key characteristics
PHMIX:
0.30
SCHJ:
2.60
PHMIX:
0.45
SCHJ:
3.78
PHMIX:
1.08
SCHJ:
1.52
PHMIX:
0.31
SCHJ:
0.07
PHMIX:
1.11
SCHJ:
14.26
PHMIX:
1.73%
SCHJ:
0.45%
PHMIX:
6.07%
SCHJ:
2.50%
PHMIX:
-35.54%
SCHJ:
-94.46%
PHMIX:
-3.50%
SCHJ:
-92.93%
Returns By Period
In the year-to-date period, PHMIX achieves a -1.34% return, which is significantly lower than SCHJ's 2.19% return.
PHMIX
-1.34%
2.73%
-1.77%
1.81%
2.71%
3.67%
SCHJ
2.19%
0.50%
2.39%
6.45%
2.19%
N/A
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PHMIX vs. SCHJ - Expense Ratio Comparison
PHMIX has a 0.55% expense ratio, which is higher than SCHJ's 0.05% expense ratio.
Risk-Adjusted Performance
PHMIX vs. SCHJ — Risk-Adjusted Performance Rank
PHMIX
SCHJ
PHMIX vs. SCHJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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. SCHJ - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.19%, which matches SCHJ's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.19% | 4.59% | 4.70% | 4.50% | 3.84% | 3.60% | 4.06% | 4.38% | 4.21% | 4.13% | 4.47% | 4.51% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.22% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHMIX vs. SCHJ - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.54%, smaller than the maximum SCHJ drawdown of -94.46%. Use the drawdown chart below to compare losses from any high point for PHMIX and SCHJ. For additional features, visit the drawdowns tool.
Volatility
PHMIX vs. SCHJ - Volatility Comparison
PIMCO High Yield Municipal Bond Fund (PHMIX) has a higher volatility of 2.97% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 1.04%. This indicates that PHMIX's price experiences larger fluctuations and is considered to be riskier than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.