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 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PHMIX vs. SCHJ - Performance Comparison
Key characteristics
PHMIX:
1.27
SCHJ:
2.72
PHMIX:
1.85
SCHJ:
4.38
PHMIX:
1.27
SCHJ:
1.56
PHMIX:
0.65
SCHJ:
0.07
PHMIX:
5.75
SCHJ:
15.69
PHMIX:
0.88%
SCHJ:
0.44%
PHMIX:
3.99%
SCHJ:
2.56%
PHMIX:
-35.54%
SCHJ:
-98.61%
PHMIX:
-2.56%
SCHJ:
-98.17%
Returns By Period
In the year-to-date period, PHMIX achieves a 4.16% return, which is significantly lower than SCHJ's 6.26% return.
PHMIX
4.16%
-0.70%
1.17%
5.08%
1.81%
3.97%
SCHJ
6.26%
0.06%
3.30%
6.95%
3.17%
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 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 4.25%, less than SCHJ's 5.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.25% | 4.72% | 4.33% | 2.99% | 3.07% | 3.82% | 4.25% | 4.21% | 4.13% | 4.47% | 4.51% | 4.75% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 5.04% | 4.93% | 2.21% | 1.58% | 4.01% | 0.42% | 0.00% | 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 -98.61%. 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 1.14% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.66%. 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.