PLDTX vs. PIMIX
PLDTX (PIMCO Low Duration II Fund) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PLDTX is a Short-Term Bond fund managed by PIMCO, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PLDTX returned 1.80%/yr vs 4.72%/yr for PIMIX. A 0.63 correlation means they provide meaningful diversification when combined. PLDTX charges 0.50%/yr vs 0.54%/yr for PIMIX.
Performance
PLDTX vs. PIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLDTX achieves a 0.01% return, which is significantly lower than PIMIX's 1.00% return. Over the past 10 years, PLDTX has underperformed PIMIX with an annualized return of 1.80%, while PIMIX has yielded a comparatively higher 4.72% annualized return.
PLDTX
- 1D
- 0.11%
- 1M
- 0.21%
- YTD
- 0.01%
- 6M
- 0.45%
- 1Y
- 3.29%
- 3Y*
- 4.39%
- 5Y*
- 1.61%
- 10Y*
- 1.80%
PIMIX
- 1D
- 0.09%
- 1M
- 1.19%
- YTD
- 1.00%
- 6M
- 1.60%
- 1Y
- 7.88%
- 3Y*
- 7.73%
- 5Y*
- 3.58%
- 10Y*
- 4.72%
PLDTX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLDTX PIMCO Low Duration II Fund | 0.01% | 5.47% | 4.55% | 4.21% | -5.14% | -1.03% | 3.44% | 3.83% | 0.63% | 1.66% |
PIMIX PIMCO Income Fund Institutional Class | 1.00% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between PLDTX and PIMIX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007 | 0.63 |
The correlation between PLDTX and PIMIX shifts across timeframes, from 0.61 (10 years) to 0.76 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLDTX vs. PIMIX — Risk / Return Rank
PLDTX
PIMIX
PLDTX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration II Fund (PLDTX) 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.
| PLDTX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.15 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.41 | 7.27 | +1.14 |
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Drawdowns
PLDTX vs. PIMIX - Drawdown Comparison
The maximum PLDTX drawdown since its inception was -7.60%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PLDTX and PIMIX.
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Drawdown Indicators
| PLDTX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.60% | -13.39% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -3.69% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -3.84% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -7.50% | -13.34% | +5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -7.60% | -13.39% | +5.79% |
Current DrawdownCurrent decline from peak | -0.68% | -0.93% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -1.69% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.09% | -0.70% |
Volatility
PLDTX vs. PIMIX - Volatility Comparison
The current volatility for PIMCO Low Duration II Fund (PLDTX) is 0.84%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.42%. This indicates that PLDTX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLDTX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.42% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 3.39% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 4.17% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.41% | 4.86% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.97% | 4.26% | -2.29% |
PLDTX vs. PIMIX - Expense Ratio Comparison
PLDTX has a 0.50% expense ratio, which is lower than PIMIX's 0.54% expense ratio.
Dividends
PLDTX vs. PIMIX - Dividend Comparison
PLDTX's dividend yield for the trailing twelve months is around 3.81%, less than PIMIX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PLDTX PIMCO Low Duration II Fund | 3.81% | 3.79% | 3.99% | 3.55% | 1.28% | 0.29% | 1.23% | 2.72% | 2.18% | 1.45% | 1.76% | 1.60% |
Frequently Asked Questions
PLDTX and PIMIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIMIX has higher volatility (1.42%) compared to PLDTX (0.84%). In terms of maximum drawdown, PLDTX dropped -7.60% vs PIMIX's -13.39%.
PIMIX currently has the higher Sharpe Ratio (1.91 vs 1.60), 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.
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