PIMIX vs. VOO
Compare and contrast key facts about PIMCO Income Fund Institutional Class (PIMIX) and Vanguard S&P 500 ETF (VOO).
PIMIX is managed by PIMCO. It was launched on Mar 30, 2007. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIMIX or VOO.
Key characteristics
PIMIX | VOO | |
---|---|---|
YTD Return | 1.35% | 11.78% |
1Y Return | 8.21% | 28.27% |
3Y Return (Ann) | 1.44% | 10.42% |
5Y Return (Ann) | 3.03% | 15.03% |
10Y Return (Ann) | 4.18% | 13.05% |
Sharpe Ratio | 1.44 | 2.56 |
Daily Std Dev | 5.41% | 11.55% |
Max Drawdown | -13.39% | -33.99% |
Current Drawdown | -0.47% | -0.04% |
Correlation
The correlation between PIMIX and VOO is 0.24, 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.
Performance
PIMIX vs. VOO - Performance Comparison
In the year-to-date period, PIMIX achieves a 1.35% return, which is significantly lower than VOO's 11.78% return. Over the past 10 years, PIMIX has underperformed VOO with an annualized return of 4.18%, while VOO has yielded a comparatively higher 13.05% 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. VOO - Expense Ratio Comparison
PIMIX has a 0.62% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PIMIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 6.26%, more than VOO's 1.32% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMCO Income Fund Institutional Class | 6.26% | 6.73% | 6.39% | 4.02% | 4.84% | 5.80% | 5.62% | 5.39% | 5.57% | 7.92% | 6.51% | 5.60% |
Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PIMIX vs. VOO - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PIMIX and VOO. For additional features, visit the drawdowns tool.
Volatility
PIMIX vs. VOO - Volatility Comparison
The current volatility for PIMCO Income Fund Institutional Class (PIMIX) is 1.55%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.37%. This indicates that PIMIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.