PHMIX vs. VOO
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and Vanguard S&P 500 ETF (VOO).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
PHMIX vs. VOO - Performance Comparison
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PHMIX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 0.04% | 5.00% | 5.33% | 8.97% | -13.90% | 5.51% | 6.21% | 10.77% | 2.28% | 9.83% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, PHMIX achieves a 0.04% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, PHMIX has underperformed VOO with an annualized return of 3.70%, while VOO has yielded a comparatively higher 14.14% annualized return.
PHMIX
- 1D
- 0.36%
- 1M
- -2.00%
- YTD
- 0.04%
- 6M
- 0.99%
- 1Y
- 3.34%
- 3Y*
- 5.46%
- 5Y*
- 1.65%
- 10Y*
- 3.70%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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PHMIX vs. VOO - Expense Ratio Comparison
PHMIX has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
PHMIX vs. VOO — Risk / Return Rank
PHMIX
VOO
PHMIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.01 | -0.34 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.53 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.55 | -0.62 |
Martin ratioReturn relative to average drawdown | 2.66 | 7.31 | -4.65 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.01 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.71 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.79 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.83 | +0.02 |
Correlation
The correlation between PHMIX and VOO is 0.01, 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.
Dividends
PHMIX vs. VOO - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.58%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.58% | 5.91% | 5.33% | 4.71% | 3.39% | 3.84% | 3.62% | 4.38% | 4.41% | 4.22% | 4.12% | 4.46% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
PHMIX vs. VOO - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.54%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PHMIX and VOO.
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Drawdown Indicators
| PHMIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -33.99% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -11.98% | +6.57% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -24.52% | +5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -18.96% | -33.99% | +15.03% |
Current DrawdownCurrent decline from peak | -2.35% | -5.55% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -3.72% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.55% | -0.66% |
Volatility
PHMIX vs. VOO - Volatility Comparison
The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 1.36%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that PHMIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHMIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 5.34% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 9.47% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 18.11% | -12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 16.82% | -11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 17.99% | -13.31% |