PIMIX vs. UCON
Compare and contrast key facts about PIMCO Income Fund Institutional Class (PIMIX) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
PIMIX is managed by PIMCO. It was launched on Mar 30, 2007. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIMIX or UCON.
Key characteristics
| PIMIX | UCON | |
|---|---|---|
| YTD Return | 1.54% | 0.87% |
| 1Y Return | 8.00% | 6.17% |
| 3Y Return (Ann) | 1.51% | 0.97% |
| 5Y Return (Ann) | 3.07% | 2.67% |
| Sharpe Ratio | 1.48 | 1.16 |
| Daily Std Dev | 5.40% | 4.97% |
| Max Drawdown | -13.39% | -15.31% |
| Current Drawdown | -0.28% | -0.08% |
Correlation
The correlation between PIMIX and UCON is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PIMIX vs. UCON - Performance Comparison
In the year-to-date period, PIMIX achieves a 1.54% return, which is significantly higher than UCON's 0.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PIMIX vs. UCON - Expense Ratio Comparison
PIMIX has a 0.62% expense ratio, which is lower than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
PIMIX vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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. UCON - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 6.25%, more than UCON's 4.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 6.25% | 6.73% | 6.39% | 4.02% | 4.84% | 5.80% | 5.62% | 5.39% | 5.57% | 7.92% | 6.51% | 5.60% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.99% | 4.75% | 3.12% | 2.17% | 3.14% | 3.50% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIMIX vs. UCON - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, smaller than the maximum UCON drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for PIMIX and UCON. For additional features, visit the drawdowns tool.
Volatility
PIMIX vs. UCON - Volatility Comparison
PIMCO Income Fund Institutional Class (PIMIX) has a higher volatility of 1.58% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.91%. This indicates that PIMIX's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.