PIMIX vs. USFR
Compare and contrast key facts about PIMCO Income Fund Institutional Class (PIMIX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
PIMIX is managed by PIMCO. It was launched on Mar 30, 2007. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIMIX or USFR.
Key characteristics
| PIMIX | USFR | |
|---|---|---|
| YTD Return | 1.54% | 2.26% |
| 1Y Return | 8.00% | 5.57% |
| 3Y Return (Ann) | 1.51% | 3.11% |
| 5Y Return (Ann) | 3.07% | 2.20% |
| 10Y Return (Ann) | 4.20% | 2.11% |
| Sharpe Ratio | 1.48 | 15.33 |
| Daily Std Dev | 5.40% | 0.37% |
| Max Drawdown | -13.39% | -1.36% |
| Current Drawdown | -0.28% | 0.00% |
Correlation
The correlation between PIMIX and USFR is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PIMIX vs. USFR - Performance Comparison
In the year-to-date period, PIMIX achieves a 1.54% return, which is significantly lower than USFR's 2.26% return. Over the past 10 years, PIMIX has outperformed USFR with an annualized return of 4.20%, while USFR has yielded a comparatively lower 2.11% annualized 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. USFR - Expense Ratio Comparison
PIMIX has a 0.62% expense ratio, which is higher than USFR's 0.15% expense ratio.
Risk-Adjusted Performance
PIMIX vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 6.25%, more than USFR's 5.33% 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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.33% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIMIX vs. USFR - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for PIMIX and USFR. For additional features, visit the drawdowns tool.
Volatility
PIMIX vs. USFR - Volatility Comparison
PIMCO Income Fund Institutional Class (PIMIX) has a higher volatility of 1.58% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that PIMIX's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.