PIMIX vs. IDEV
PIMIX (PIMCO Income Fund Institutional Class) and IDEV (iShares Core MSCI International Developed Markets ETF) are both funds - PIMIX is a Multisector Bonds fund actively managed by PIMCO, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. PIMIX is actively managed, while IDEV is passively managed. Over the past 5 years, PIMIX returned 3.44%/yr vs 8.52%/yr for IDEV. At a 0.38 correlation, their price movements are largely independent. PIMIX charges 0.54%/yr vs 0.05%/yr for IDEV.
Performance
PIMIX vs. IDEV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIMIX achieves a 0.91% return, which is significantly lower than IDEV's 9.59% return.
PIMIX
- 1D
- 0.56%
- 1M
- 1.76%
- YTD
- 0.91%
- 6M
- 1.78%
- 1Y
- 7.88%
- 3Y*
- 7.70%
- 5Y*
- 3.44%
- 10Y*
- 4.70%
IDEV
- 1D
- 0.42%
- 1M
- 1.14%
- YTD
- 9.59%
- 6M
- 11.02%
- 1Y
- 23.58%
- 3Y*
- 17.03%
- 5Y*
- 8.52%
- 10Y*
- —
PIMIX vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 0.91% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 6.31% |
IDEV iShares Core MSCI International Developed Markets ETF | 9.59% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
Correlation
The correlation between PIMIX and IDEV is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.38 |
The correlation between PIMIX and IDEV shifts across timeframes, from 0.38 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIMIX vs. IDEV — Risk / Return Rank
PIMIX
IDEV
PIMIX vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and iShares Core MSCI International Developed Markets ETF (IDEV). 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 | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.99 | +0.14 |
| Martin ratioReturn relative to average drawdown | 7.21 | 7.76 | -0.55 |
Loading charts...
Drawdowns
PIMIX vs. IDEV - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for PIMIX and IDEV.
Loading charts...
Drawdown Indicators
| PIMIX | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.39% | -34.77% | +21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -11.20% | +7.51% |
Max Drawdown (3Y)Largest decline over 3 years | -3.84% | -13.41% | +9.57% |
Max Drawdown (5Y)Largest decline over 5 years | -13.34% | -29.15% | +15.81% |
Max Drawdown (10Y)Largest decline over 10 years | -13.39% | — | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.37% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -6.55% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.87% | -1.79% |
Volatility
PIMIX vs. IDEV - Volatility Comparison
The current volatility for PIMCO Income Fund Institutional Class (PIMIX) is 1.67%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 5.30%. This indicates that PIMIX experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIMIX | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 5.30% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 12.73% | -9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 15.07% | -10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 16.35% | -11.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 17.29% | -13.03% |
PIMIX vs. IDEV - Expense Ratio Comparison
PIMIX has a 0.54% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Dividends
PIMIX vs. IDEV - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 5.83%, more than IDEV's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 3.11% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% | 0.00% | 0.00% |
PIMIX PIMCO Income Fund Institutional Class | 5.83% | 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 IDEV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDEV has higher volatility (5.30%) compared to PIMIX (1.67%). In terms of maximum drawdown, PIMIX dropped -13.39% vs IDEV's -34.77%.
PIMIX currently has the higher Sharpe Ratio (1.88 vs 1.48), 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.
Find the right allocation for PIMIX and IDEV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer