PMBIX vs. PTTRX

Last updated Apr 2, 2026

Compare and contrast key facts about PIMCO Total Return II Fund (PMBIX) and PIMCO Total Return Fund Institutional Class (PTTRX).

PMBIX is managed by PIMCO. It was launched on Dec 30, 1991. PTTRX is managed by PIMCO.

Performance

PMBIX vs. PTTRX - Performance Comparison

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

PMBIX vs. PTTRX - 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%
PTTRX PIMCO Total Return Fund Institutional Class	-0.68%	9.35%	2.62%	6.33%	-14.72%	-0.59%	8.88%	8.36%	-0.24%	5.13%

Returns By Period

In the year-to-date period, PMBIX achieves a -0.52% return, which is significantly higher than PTTRX's -0.68% return. Both investments have delivered pretty close results over the past 10 years, with PMBIX having a 2.20% annualized return and PTTRX not far ahead at 2.27%.

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%

PTTRX

• 1D: 0.34%
• 1M: -2.24%
• YTD: -0.68%
• 6M: 0.80%
• 1Y: 4.56%
• 3Y*: 4.81%
• 5Y*: 0.66%
• 10Y*: 2.27%

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

PMBIX vs. PTTRX - Expense Ratio Comparison

PMBIX has a 0.50% expense ratio, which is higher than PTTRX's 0.47% expense ratio.

PMBIX

PIMCO Total Return II Fund

PTTRX

PIMCO Total Return Fund Institutional Class

Return for Risk

PMBIX vs. PTTRX — Risk / Return Rank

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

PMBIX

PMBIX Risk / Return Rank: 41
PMBIX Sharpe Ratio Rank: 39
PMBIX Sortino Ratio Rank: 36
PMBIX Omega Ratio Rank: 26
PMBIX Calmar Ratio Rank: 63
PMBIX Martin Ratio Rank: 43

PTTRX

PTTRX Risk / Return Rank: 49
PTTRX Sharpe Ratio Rank: 48
PTTRX Sortino Ratio Rank: 44
PTTRX Omega Ratio Rank: 35
PTTRX Calmar Ratio Rank: 71
PTTRX Martin Ratio Rank: 49

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. PTTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return II Fund (PMBIX) and PIMCO Total Return Fund Institutional Class (PTTRX). 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	PTTRX	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.97	-0.07
Sortino ratio Return per unit of downside risk	1.28	1.37	-0.09
Omega ratio Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	1.63	1.69	-0.06
Martin ratio Return relative to average drawdown	4.88	4.99	-0.11
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. PTTRX - Sharpe Ratio Comparison

The current PMBIX Sharpe Ratio is 0.90, which is comparable to the PTTRX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of PMBIX and PTTRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PMBIX	PTTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.97	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.11	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.44	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	1.15	-0.08

Correlation

The correlation between PMBIX and PTTRX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PMBIX vs. PTTRX - Dividend Comparison

PMBIX's dividend yield for the trailing twelve months is around 3.52%, less than PTTRX's 4.12% 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%
PTTRX PIMCO Total Return Fund Institutional Class	4.12%	4.47%	4.61%	3.81%	3.63%	2.59%	6.11%	3.96%	3.13%	2.63%	3.02%	6.64%

Drawdowns

PMBIX vs. PTTRX - Drawdown Comparison

The maximum PMBIX drawdown since its inception was -19.54%, roughly equal to the maximum PTTRX drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PMBIX and PTTRX.

Drawdown Indicators

	PMBIX	PTTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.54%	-19.28%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	-3.67%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-19.51%	-19.28%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-19.54%	-19.28%	-0.26%
Current Drawdown Current decline from peak	-2.33%	-2.78%	+0.45%
Average Drawdown Average peak-to-trough decline	-2.25%	-2.19%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.24%	-0.15%

Volatility

PMBIX vs. PTTRX - Volatility Comparison

The current volatility for PIMCO Total Return II Fund (PMBIX) is 1.92%, while PIMCO Total Return Fund Institutional Class (PTTRX) has a volatility of 2.05%. This indicates that PMBIX experiences smaller price fluctuations and is considered to be less risky than PTTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMBIX	PTTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	2.05%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	3.00%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	5.15%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.02%	6.20%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.05%	5.19%	-0.14%