Correlation
The correlation between PHMIX and VWALX is -0.02. 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.
PHMIX vs. VWALX
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006. VWALX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHMIX or VWALX.
Performance
PHMIX vs. VWALX - Performance Comparison
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Key characteristics
PHMIX:
0.42
VWALX:
0.29
PHMIX:
0.47
VWALX:
0.31
PHMIX:
1.08
VWALX:
1.05
PHMIX:
0.35
VWALX:
0.20
PHMIX:
1.08
VWALX:
0.62
PHMIX:
1.89%
VWALX:
2.08%
PHMIX:
6.14%
VWALX:
6.25%
PHMIX:
-35.53%
VWALX:
-17.24%
PHMIX:
-3.71%
VWALX:
-4.21%
Returns By Period
In the year-to-date period, PHMIX achieves a -1.68% return, which is significantly higher than VWALX's -2.28% return. Over the past 10 years, PHMIX has outperformed VWALX with an annualized return of 3.81%, while VWALX has yielded a comparatively lower 2.92% annualized return.
PHMIX
-1.68%
-0.97%
-3.49%
1.99%
2.17%
2.43%
3.81%
VWALX
-2.28%
-0.96%
-3.77%
1.35%
1.98%
1.63%
2.92%
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PHMIX vs. VWALX - Expense Ratio Comparison
PHMIX has a 0.55% expense ratio, which is higher than VWALX's 0.09% expense ratio.
Risk-Adjusted Performance
PHMIX vs. VWALX — Risk-Adjusted Performance Rank
PHMIX
VWALX
PHMIX vs. VWALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). 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.
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Dividends
PHMIX vs. VWALX - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.17%, more than VWALX's 3.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.17% | 4.59% | 4.72% | 4.52% | 3.84% | 3.63% | 4.07% | 4.40% | 4.21% | 4.13% | 4.47% | 4.51% |
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 3.69% | 3.82% | 3.59% | 3.44% | 3.55% | 3.39% | 3.76% | 3.84% | 3.77% | 3.88% | 3.75% | 3.83% |
Drawdowns
PHMIX vs. VWALX - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.53%, which is greater than VWALX's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for PHMIX and VWALX.
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Volatility
PHMIX vs. VWALX - Volatility Comparison
PIMCO High Yield Municipal Bond Fund (PHMIX) has a higher volatility of 1.00% compared to Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) at 0.83%. This indicates that PHMIX's price experiences larger fluctuations and is considered to be riskier than VWALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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