PIMIX vs. BSCS
PIMIX (PIMCO Income Fund Institutional Class) and BSCS (Invesco BulletShares 2028 Corporate Bond ETF) are both funds - PIMIX is a Multisector Bonds fund actively managed by PIMCO, while BSCS is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2028 TR Index. PIMIX is actively managed, while BSCS is passively managed. Over the past 5 years, PIMIX returned 3.17%/yr vs 1.07%/yr for BSCS. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PIMIX charges 0.54%/yr vs 0.10%/yr for BSCS.
Performance
PIMIX vs. BSCS - Performance Comparison
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Returns By Period
In the year-to-date period, PIMIX achieves a -0.05% return, which is significantly lower than BSCS's 1.26% return.
PIMIX
- 1D
- -0.28%
- 1M
- -1.47%
- 6M
- -0.55%
- YTD
- -0.05%
- 1Y
- 4.30%
- 3Y*
- 6.95%
- 5Y*
- 3.17%
- 10Y*
- 4.42%
- ALL TIME*
- 6.57%
BSCS
- 1D
- 0.10%
- 1M
- 0.13%
- 6M
- 0.94%
- YTD
- 1.26%
- 1Y
- 3.51%
- 3Y*
- 5.52%
- 5Y*
- 1.07%
- 10Y*
- —
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.83M | $10.92M | $10.59M | |
| $0.00 | $0.00 | $0.00 |
PIMIX vs. BSCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | -0.05% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.76% |
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 1.26% | 7.04% | 3.87% | 7.62% | -11.24% | -1.89% | 10.17% | 15.41% | -0.30% |
Correlation
The correlation between PIMIX and BSCS is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018 | 0.62 |
The correlation between PIMIX and BSCS shifts across timeframes, from 0.62 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PIMIX vs. BSCS — Risk / Return Rank
PIMIX
BSCS
PIMIX vs. BSCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIMIX | BSCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.46 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.27 | -1.91 |
| Martin ratioReturn relative to average drawdown | 4.32 | 14.15 | -9.84 |
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Drawdowns
PIMIX vs. BSCS - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, smaller than the maximum BSCS drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for PIMIX and BSCS.
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Drawdown Indicators
| PIMIX | BSCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.39% | -18.40% | +5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -1.08% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -2.84% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -13.34% | -17.20% | +3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -13.39% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | 0.00% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -4.12% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.25% | +0.91% |
Volatility
PIMIX vs. BSCS - Volatility Comparison
PIMCO Income Fund Institutional Class (PIMIX) has a higher volatility of 1.17% compared to Invesco BulletShares 2028 Corporate Bond ETF (BSCS) at 0.44%. This indicates that PIMIX's price experiences larger fluctuations and is considered to be riskier than BSCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIMIX | BSCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.44% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 1.14% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 1.50% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 4.88% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 6.18% | -1.92% |
PIMIX vs. BSCS - Expense Ratio Comparison
PIMIX has a 0.54% expense ratio, which is higher than BSCS's 0.10% expense ratio.
Dividends
PIMIX vs. BSCS - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 5.34%, more than BSCS's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.44% | 4.46% | 4.54% | 3.90% | 2.72% | 2.14% | 2.50% | 3.04% | 1.42% | 0.00% | 0.00% | 0.00% |
PIMIX PIMCO Income Fund Institutional Class | 5.34% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
Frequently Asked Questions
PIMIX and BSCS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIMIX has higher volatility (1.17%) compared to BSCS (0.44%). In terms of maximum drawdown, PIMIX dropped -13.39% vs BSCS's -18.40%.
BSCS currently has the higher Sharpe Ratio (2.35 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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