PIMIX vs. FTSM
Compare and contrast key facts about PIMCO Income Fund Institutional Class (PIMIX) and First Trust Enhanced Short Maturity ETF (FTSM).
PIMIX is managed by PIMCO. It was launched on Mar 30, 2007. FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIMIX or FTSM.
Performance
PIMIX vs. FTSM - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PIMIX having a 4.75% return and FTSM slightly lower at 4.64%. Over the past 10 years, PIMIX has outperformed FTSM with an annualized return of 4.16%, while FTSM has yielded a comparatively lower 1.95% annualized return.
PIMIX
4.75%
-0.33%
3.56%
9.25%
3.17%
4.16%
FTSM
4.64%
0.27%
2.74%
5.51%
2.41%
1.95%
Key characteristics
| PIMIX | FTSM | |
|---|---|---|
| Sharpe Ratio | 2.17 | 10.89 |
| Sortino Ratio | 3.29 | 27.60 |
| Omega Ratio | 1.43 | 6.08 |
| Calmar Ratio | 2.55 | 82.41 |
| Martin Ratio | 10.52 | 331.94 |
| Ulcer Index | 0.89% | 0.02% |
| Daily Std Dev | 4.31% | 0.51% |
| Max Drawdown | -13.39% | -4.12% |
| Current Drawdown | -1.80% | -0.03% |
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PIMIX vs. FTSM - Expense Ratio Comparison
PIMIX has a 0.62% expense ratio, which is higher than FTSM's 0.25% expense ratio.
Correlation
The correlation between PIMIX and FTSM is 0.21, 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.
Risk-Adjusted Performance
PIMIX vs. FTSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and First Trust Enhanced Short Maturity ETF (FTSM). 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
PIMIX vs. FTSM - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 6.25%, more than FTSM's 4.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 6.25% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% | 5.46% |
FTSM First Trust Enhanced Short Maturity ETF | 4.95% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.15% | 1.38% | 1.03% | 0.48% | 0.19% | 0.00% |
Drawdowns
PIMIX vs. FTSM - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, which is greater than FTSM's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for PIMIX and FTSM. For additional features, visit the drawdowns tool.
Volatility
PIMIX vs. FTSM - Volatility Comparison
PIMCO Income Fund Institutional Class (PIMIX) has a higher volatility of 1.04% compared to First Trust Enhanced Short Maturity ETF (FTSM) at 0.13%. This indicates that PIMIX's price experiences larger fluctuations and is considered to be riskier than FTSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.