PMBIX vs. MUNI
Compare and contrast key facts about PIMCO Total Return II Fund (PMBIX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
PMBIX is managed by PIMCO. It was launched on Dec 30, 1991. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
PMBIX vs. MUNI - Performance Comparison
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PMBIX vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMBIX PIMCO Total Return II Fund | -0.52% | 8.18% | 2.55% | 6.45% | -14.65% | -1.46% | 8.33% | 9.62% | 0.30% | 4.66% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.26% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 4.86% |
Returns By Period
In the year-to-date period, PMBIX achieves a -0.52% return, which is significantly lower than MUNI's 0.26% return. Both investments have delivered pretty close results over the past 10 years, with PMBIX having a 2.20% annualized return and MUNI not far behind at 2.18%.
PMBIX
- 1D
- 0.24%
- 1M
- -1.87%
- YTD
- -0.52%
- 6M
- 0.59%
- 1Y
- 3.95%
- 3Y*
- 4.38%
- 5Y*
- 0.39%
- 10Y*
- 2.20%
MUNI
- 1D
- 0.15%
- 1M
- -1.53%
- YTD
- 0.26%
- 6M
- 1.49%
- 1Y
- 4.51%
- 3Y*
- 3.39%
- 5Y*
- 1.33%
- 10Y*
- 2.18%
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PMBIX vs. MUNI - Expense Ratio Comparison
PMBIX has a 0.50% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Return for Risk
PMBIX vs. MUNI — Risk / Return Rank
PMBIX
MUNI
PMBIX vs. MUNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return II Fund (PMBIX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
| PMBIX | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.18 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.58 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.63 | -0.01 |
Martin ratioReturn relative to average drawdown | 4.88 | 5.45 | -0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMBIX | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.18 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.40 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.57 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.77 | +0.29 |
Correlation
The correlation between PMBIX and MUNI is 0.52, 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.
Dividends
PMBIX vs. MUNI - Dividend Comparison
PMBIX's dividend yield for the trailing twelve months is around 3.52%, more than MUNI's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMBIX PIMCO Total Return II Fund | 3.52% | 3.84% | 3.87% | 3.46% | 1.85% | 1.51% | 7.15% | 5.23% | 3.13% | 2.57% | 3.72% | 6.88% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.30% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Drawdowns
PMBIX vs. MUNI - Drawdown Comparison
The maximum PMBIX drawdown since its inception was -19.54%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for PMBIX and MUNI.
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Drawdown Indicators
| PMBIX | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -11.15% | -8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.93% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -11.15% | -8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -19.54% | -11.15% | -8.39% |
Current DrawdownCurrent decline from peak | -2.33% | -1.75% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -1.74% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.88% | +0.21% |
Volatility
PMBIX vs. MUNI - Volatility Comparison
PIMCO Total Return II Fund (PMBIX) has a higher volatility of 1.92% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.07%. This indicates that PMBIX's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMBIX | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.07% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 1.52% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 3.86% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 3.30% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 3.85% | +1.20% |