PINRX vs. PIMIX

Last updated Jul 17, 2026

PINRX (Principal Diversified International Fund) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PINRX is a Foreign Large Cap Equities fund managed by Principal, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PINRX returned 8.52%/yr vs 4.55%/yr for PIMIX. At a 0.22 correlation, their price movements are largely independent. PINRX charges 1.32%/yr vs 0.54%/yr for PIMIX.

Performance

PINRX vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Diversified International Fund (PINRX) and PIMCO Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINRX achieves a 5.62% return, which is significantly higher than PIMIX's 0.98% return. Over the past 10 years, PINRX has outperformed PIMIX with an annualized return of 8.52%, while PIMIX has yielded a comparatively lower 4.55% annualized return.

PINRX

• 1D: 0.56%
• 1M: -1.27%
• 6M: 1.71%
• YTD: 5.62%
• 1Y: 18.50%
• 3Y*: 14.95%
• 5Y*: 7.17%
• 10Y*: 8.52%

PIMIX

• 1D: 0.19%
• 1M: -0.39%
• 6M: 0.70%
• YTD: 0.98%
• 1Y: 7.11%
• 3Y*: 7.40%
• 5Y*: 3.47%
• 10Y*: 4.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PINRX vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PINRX Principal Diversified International Fund	5.62%	32.03%	5.91%	17.21%	-20.26%	8.95%	16.91%	22.26%	-17.80%	27.96%
PIMIX PIMCO Income Fund Institutional Class	0.98%	11.08%	5.45%	9.36%	-9.07%	2.62%	5.84%	8.10%	0.63%	8.63%

Correlation

The correlation between PINRX and PIMIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007	0.22

Over the past year, PINRX and PIMIX have become more correlated (0.47) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

PINRX vs. PIMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PINRX

PINRX Risk / Return Rank: 26
PINRX Sharpe Ratio Rank: 23
PINRX Sortino Ratio Rank: 22
PINRX Omega Ratio Rank: 24
PINRX Calmar Ratio Rank: 29
PINRX Martin Ratio Rank: 31

PIMIX

PIMIX Risk / Return Rank: 59
PIMIX Sharpe Ratio Rank: 68
PIMIX Sortino Ratio Rank: 71
PIMIX Omega Ratio Rank: 71
PIMIX Calmar Ratio Rank: 43
PIMIX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PINRX vs. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Diversified International Fund (PINRX) and PIMCO Income Fund Institutional Class (PIMIX). 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.

	PINRX	PIMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.82	-0.70
Sortino ratio: Return per unit of downside risk	1.61	2.65	-1.04
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.68	2.02	-0.34
Martin ratio: Return relative to average drawdown	5.93	6.78	-0.84

PINRX vs. PIMIX - Sharpe Ratio Comparison

The current PINRX Sharpe Ratio is 1.12, which is lower than the PIMIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PINRX and PIMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PINRX vs. PIMIX - Drawdown Comparison

The maximum PINRX drawdown since its inception was -62.91%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PINRX and PIMIX.

Drawdown Indicators

	PINRX	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.91%	-13.39%	-49.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-3.69%	-7.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-3.84%	-10.29%
Max Drawdown (5Y) Largest decline over 5 years	-30.79%	-13.34%	-17.45%
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	-13.39%	-23.19%
Current Drawdown Current decline from peak	-2.72%	-0.95%	-1.77%
Average Drawdown Average peak-to-trough decline	-16.89%	-1.68%	-15.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	1.10%	+1.94%

Volatility

PINRX vs. PIMIX - Volatility Comparison

Principal Diversified International Fund (PINRX) has a higher volatility of 5.25% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.13%. This indicates that PINRX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINRX	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	1.13%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	3.50%	+10.68%
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	4.13%	+12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	4.88%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	4.26%	+11.70%

PINRX vs. PIMIX - Expense Ratio Comparison

PINRX has a 1.32% expense ratio, which is higher than PIMIX's 0.54% expense ratio.

Dividends

PINRX vs. PIMIX - Dividend Comparison

PINRX's dividend yield for the trailing twelve months is around 1.94%, less than PIMIX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIMIX PIMCO Income Fund Institutional Class	5.79%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%
PINRX Principal Diversified International Fund	1.94%	3.22%	5.09%	2.13%	0.47%	13.14%	0.66%	1.67%	6.40%	1.24%	1.04%	0.88%

Frequently Asked Questions

Can I hold both PINRX and PIMIX in my portfolio?

PINRX and PIMIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINRX or PIMIX?

PINRX has higher volatility (5.25%) compared to PIMIX (1.13%). In terms of maximum drawdown, PINRX dropped -62.91% vs PIMIX's -13.39%.

Which has better risk-adjusted returns?

PIMIX currently has the higher Sharpe Ratio (1.82 vs 1.12), 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.