PMBIX vs. PMJIX

Last updated Jun 4, 2026

PMBIX (PIMCO Total Return II Fund) and PMJIX (PIMCO RAE US Small Fund) are both mutual funds - PMBIX is a Intermediate Core Bond fund managed by PIMCO, while PMJIX is a Small Cap Value Equities fund managed by PIMCO. Over the past 10 years, PMBIX returned 2.14%/yr vs 13.83%/yr for PMJIX. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.50% expense ratio.

Performance

PMBIX vs. PMJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Total Return II Fund (PMBIX) and PIMCO RAE US Small Fund (PMJIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMBIX achieves a 0.18% return, which is significantly lower than PMJIX's 19.26% return. Over the past 10 years, PMBIX has underperformed PMJIX with an annualized return of 2.14%, while PMJIX has yielded a comparatively higher 13.83% annualized return.

PMBIX

• 1D: 0.00%
• 1M: 0.50%
• YTD: 0.18%
• 6M: 0.17%
• 1Y: 5.86%
• 3Y*: 4.78%
• 5Y*: 0.36%
• 10Y*: 2.14%

PMJIX

• 1D: 1.46%
• 1M: 7.52%
• YTD: 19.26%
• 6M: 16.95%
• 1Y: 36.24%
• 3Y*: 22.47%
• 5Y*: 11.18%
• 10Y*: 13.83%

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

PMBIX vs. PMJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMBIX PIMCO Total Return II Fund	0.18%	8.18%	2.46%	6.45%	-14.65%	-1.46%	8.33%	9.62%	0.30%	4.66%
PMJIX PIMCO RAE US Small Fund	19.26%	5.11%	22.05%	19.77%	-4.62%	39.15%	6.95%	20.22%	-11.69%	9.22%

Correlation

The correlation between PMBIX and PMJIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jun 8, 2015	-0.07

The correlation between PMBIX and PMJIX shifts across timeframes, from -0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PMBIX vs. PMJIX — Risk / Return Rank

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

PMBIX

PMBIX Risk / Return Rank: 22
PMBIX Sharpe Ratio Rank: 23
PMBIX Sortino Ratio Rank: 23
PMBIX Omega Ratio Rank: 22
PMBIX Calmar Ratio Rank: 22
PMBIX Martin Ratio Rank: 21

PMJIX

PMJIX Risk / Return Rank: 67
PMJIX Sharpe Ratio Rank: 58
PMJIX Sortino Ratio Rank: 56
PMJIX Omega Ratio Rank: 48
PMJIX Calmar Ratio Rank: 92
PMJIX Martin Ratio Rank: 80

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.

PMBIX vs. PMJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return II Fund (PMBIX) and PIMCO RAE US Small Fund (PMJIX). 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	PMJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.24	-0.88
Sortino ratio: Return per unit of downside risk	2.01	3.16	-1.15
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	1.73	5.05	-3.32
Martin ratio: Return relative to average drawdown	5.48	14.96	-9.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMBIX vs. PMJIX - Sharpe Ratio Comparison

The current PMBIX Sharpe Ratio is 1.37, which is lower than the PMJIX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of PMBIX and PMJIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PMBIX	PMJIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.24	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.28	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.42	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.37	+0.69

Drawdowns

PMBIX vs. PMJIX - Drawdown Comparison

The maximum PMBIX drawdown since its inception was -19.54%, smaller than the maximum PMJIX drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PMBIX and PMJIX.

Drawdown Indicators

	PMBIX	PMJIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.54%	-49.75%	+30.21%
Max Drawdown (1Y) Largest decline over 1 year	-3.42%	-7.62%	+4.20%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-26.04%	+19.93%
Max Drawdown (5Y) Largest decline over 5 years	-19.51%	-49.75%	+30.24%
Max Drawdown (10Y) Largest decline over 10 years	-19.54%	-49.75%	+30.21%
Current Drawdown Current decline from peak	-1.64%	0.00%	-1.64%
Average Drawdown Average peak-to-trough decline	-2.25%	-16.22%	+13.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	2.56%	-1.48%

Volatility

PMBIX vs. PMJIX - Volatility Comparison

The current volatility for PIMCO Total Return II Fund (PMBIX) is 1.74%, while PIMCO RAE US Small Fund (PMJIX) has a volatility of 5.13%. This indicates that PMBIX experiences smaller price fluctuations and is considered to be less risky than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMBIX	PMJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	5.13%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	3.30%	11.50%	-8.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.35%	17.16%	-12.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	39.48%	-33.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	33.09%	-28.00%

PMBIX vs. PMJIX - Expense Ratio Comparison

Both PMBIX and PMJIX have an expense ratio of 0.50%.

Dividends

PMBIX vs. PMJIX - Dividend Comparison

PMBIX's dividend yield for the trailing twelve months is around 3.91%, more than PMJIX's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMBIX PIMCO Total Return II Fund	3.91%	3.84%	3.79%	3.46%	1.85%	1.51%	7.15%	5.23%	3.13%	2.57%	3.72%	6.88%
PMJIX PIMCO RAE US Small Fund	2.64%	3.15%	3.26%	1.25%	9.91%	65.79%	9.46%	1.55%	7.65%	4.69%	1.24%	1.67%

Frequently Asked Questions

Can I hold both PMBIX and PMJIX in my portfolio?

PMBIX and PMJIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMBIX or PMJIX?

PMJIX has higher volatility (5.13%) compared to PMBIX (1.74%). In terms of maximum drawdown, PMBIX dropped -19.54% vs PMJIX's -49.75%.

Which has better risk-adjusted returns?

PMJIX currently has the higher Sharpe Ratio (2.24 vs 1.36), 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.