PIMIX vs. GIBIX
PIMIX (PIMCO Income Fund Institutional Class) and GIBIX (Guggenheim Total Return Bond Fund) are both mutual funds - PIMIX is a Multisector Bonds fund actively managed by PIMCO, while GIBIX is a Intermediate Core-Plus Bond fund managed by Guggenheim. Over the past 10 years, PIMIX returned 4.42%/yr vs 2.45%/yr for GIBIX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. PIMIX charges 0.54%/yr vs 0.50%/yr for GIBIX.
Performance
PIMIX vs. GIBIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIMIX achieves a -0.05% return, which is significantly higher than GIBIX's -0.74% return. Over the past 10 years, PIMIX has outperformed GIBIX with an annualized return of 4.42%, while GIBIX has yielded a comparatively lower 2.45% annualized 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%
GIBIX
- 1D
- -0.26%
- 1M
- -1.56%
- 6M
- -0.95%
- YTD
- -0.74%
- 1Y
- 2.08%
- 3Y*
- 5.02%
- 5Y*
- -0.22%
- 10Y*
- 2.45%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PIMIX vs. GIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | -0.05% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
GIBIX Guggenheim Total Return Bond Fund | -0.74% | 8.22% | 3.18% | 7.45% | -16.38% | -0.58% | 14.94% | 4.45% | 0.89% | 6.50% |
Correlation
The correlation between PIMIX and GIBIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.59 |
Over the past year, PIMIX and GIBIX have become more correlated (0.91) than their long-term average of 0.59, meaning their price movements have been converging.
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Return for Risk
PIMIX vs. GIBIX — Risk / Return Rank
PIMIX
GIBIX
PIMIX vs. GIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and Guggenheim Total Return Bond Fund (GIBIX). 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 | GIBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.95 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.32 | 2.50 | +1.82 |
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Drawdowns
PIMIX vs. GIBIX - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, smaller than the maximum GIBIX drawdown of -21.44%. Use the drawdown chart below to compare losses from any high point for PIMIX and GIBIX.
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Drawdown Indicators
| PIMIX | GIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.39% | -21.44% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -2.99% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -4.94% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -13.34% | -21.44% | +8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -13.39% | -21.44% | +8.05% |
Current DrawdownCurrent decline from peak | -1.96% | -2.52% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -3.40% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.13% | +0.03% |
Volatility
PIMIX vs. GIBIX - Volatility Comparison
PIMCO Income Fund Institutional Class (PIMIX) has a higher volatility of 1.17% compared to Guggenheim Total Return Bond Fund (GIBIX) at 0.92%. This indicates that PIMIX's price experiences larger fluctuations and is considered to be riskier than GIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIMIX | GIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.92% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.09% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.85% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 5.82% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 4.78% | -0.52% |
PIMIX vs. GIBIX - Expense Ratio Comparison
PIMIX has a 0.54% expense ratio, which is higher than GIBIX's 0.50% expense ratio.
Dividends
PIMIX vs. GIBIX - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 5.34%, more than GIBIX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIBIX Guggenheim Total Return Bond Fund | 4.77% | 5.03% | 4.71% | 4.44% | 3.08% | 3.36% | 4.80% | 2.38% | 3.25% | 3.38% | 4.68% | 4.39% |
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
With a correlation of 0.91, PIMIX and GIBIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PIMIX has higher volatility (1.17%) compared to GIBIX (0.92%). In terms of maximum drawdown, PIMIX dropped -13.39% vs GIBIX's -21.44%.
PIMIX currently has the higher Sharpe Ratio (1.22 vs 0.74), 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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