PIMIX vs. FJTDX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Income Fund Institutional Class (PIMIX) and Fidelity Flex Conservative Income Bond Fund (FJTDX).

PIMIX is managed by PIMCO. It was launched on Mar 30, 2007. FJTDX is managed by Fidelity. It was launched on May 31, 2018.

Performance

PIMIX vs. FJTDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Income Fund Institutional Class (PIMIX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). The values are adjusted to include any dividend payments, if applicable.

PIMIX vs. FJTDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PIMIX PIMCO Income Fund Institutional Class	-1.36%	11.08%	5.45%	9.36%	-9.07%	2.62%	5.84%	8.10%	0.92%
FJTDX Fidelity Flex Conservative Income Bond Fund	0.55%	4.75%	5.69%	5.48%	1.00%	0.16%	1.57%	3.20%	0.50%

Returns By Period

In the year-to-date period, PIMIX achieves a -1.36% return, which is significantly lower than FJTDX's 0.55% return.

PIMIX

• 1D: 0.47%
• 1M: -3.24%
• YTD: -1.36%
• 6M: 1.15%
• 1Y: 6.07%
• 3Y*: 7.20%
• 5Y*: 3.38%
• 10Y*: 4.66%

FJTDX

• 1D: 0.00%
• 1M: -0.10%
• YTD: 0.55%
• 6M: 1.62%
• 1Y: 4.10%
• 3Y*: 5.05%
• 5Y*: 3.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PIMIX vs. FJTDX - Expense Ratio Comparison

PIMIX has a 0.62% expense ratio, which is higher than FJTDX's 0.00% expense ratio.

PIMIX

PIMCO Income Fund Institutional Class

FJTDX

Fidelity Flex Conservative Income Bond Fund

Return for Risk

PIMIX vs. FJTDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIMIX

PIMIX Risk / Return Rank: 81
PIMIX Sharpe Ratio Rank: 83
PIMIX Sortino Ratio Rank: 86
PIMIX Omega Ratio Rank: 78
PIMIX Calmar Ratio Rank: 80
PIMIX Martin Ratio Rank: 78

FJTDX

FJTDX Risk / Return Rank: 100
FJTDX Sharpe Ratio Rank: 99
FJTDX Sortino Ratio Rank: 100
FJTDX Omega Ratio Rank: 100
FJTDX Calmar Ratio Rank: 100
FJTDX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIMIX vs. FJTDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). 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.

	PIMIX	FJTDX	Difference
Sharpe ratio Return per unit of total volatility	1.56	3.38	-1.82
Sortino ratio Return per unit of downside risk	2.25	12.87	-10.62
Omega ratio Gain probability vs. loss probability	1.29	5.36	-4.07
Calmar ratio Return relative to maximum drawdown	1.87	15.13	-13.26
Martin ratio Return relative to average drawdown	7.56	67.90	-60.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIMIX vs. FJTDX - Sharpe Ratio Comparison

The current PIMIX Sharpe Ratio is 1.56, which is lower than the FJTDX Sharpe Ratio of 3.38. The chart below compares the historical Sharpe Ratios of PIMIX and FJTDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PIMIX	FJTDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	3.38	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	2.50	-1.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	2.37	-0.82

Correlation

The correlation between PIMIX and FJTDX is 0.35, 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

PIMIX vs. FJTDX - Dividend Comparison

PIMIX's dividend yield for the trailing twelve months is around 5.57%, more than FJTDX's 4.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIMIX PIMCO Income Fund Institutional Class	5.57%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%
FJTDX Fidelity Flex Conservative Income Bond Fund	4.11%	4.63%	5.42%	4.70%	1.39%	0.36%	1.45%	2.65%	1.17%	0.00%	0.00%	0.00%

Drawdowns

PIMIX vs. FJTDX - Drawdown Comparison

The maximum PIMIX drawdown since its inception was -13.39%, which is greater than FJTDX's maximum drawdown of -1.90%. Use the drawdown chart below to compare losses from any high point for PIMIX and FJTDX.

Drawdown Indicators

	PIMIX	FJTDX	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-1.90%	-11.49%
Max Drawdown (1Y) Largest decline over 1 year	-3.69%	-0.30%	-3.39%
Max Drawdown (5Y) Largest decline over 5 years	-13.34%	-0.90%	-12.44%
Max Drawdown (10Y) Largest decline over 10 years	-13.39%	—	—
Current Drawdown Current decline from peak	-3.24%	-0.10%	-3.14%
Average Drawdown Average peak-to-trough decline	-1.69%	-0.08%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.07%	+0.85%

Volatility

PIMIX vs. FJTDX - Volatility Comparison

PIMCO Income Fund Institutional Class (PIMIX) has a higher volatility of 1.88% compared to Fidelity Flex Conservative Income Bond Fund (FJTDX) at 0.10%. This indicates that PIMIX's price experiences larger fluctuations and is considered to be riskier than FJTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIMIX	FJTDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	0.10%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	0.87%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	1.35%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.75%	1.41%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.20%	1.27%	+2.93%