PMDRX vs. AAIIX
PMDRX (PIMCO Moderate Duration Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PMDRX returned 2.40%/yr vs 3.06%/yr for AAIIX. At a 0.23 correlation, their price movements are largely independent. PMDRX charges 0.46%/yr vs 2.20%/yr for AAIIX.
Performance
PMDRX vs. AAIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMDRX achieves a -0.27% return, which is significantly lower than AAIIX's 1.96% return. Over the past 10 years, PMDRX has underperformed AAIIX with an annualized return of 2.40%, while AAIIX has yielded a comparatively higher 3.06% annualized return.
PMDRX
- 1D
- 0.11%
- 1M
- 0.56%
- YTD
- -0.27%
- 6M
- 0.25%
- 1Y
- 4.59%
- 3Y*
- 5.24%
- 5Y*
- 1.34%
- 10Y*
- 2.40%
AAIIX
- 1D
- 0.14%
- 1M
- -0.07%
- YTD
- 1.96%
- 6M
- 1.75%
- 1Y
- 5.89%
- 3Y*
- 6.78%
- 5Y*
- 1.94%
- 10Y*
- 3.06%
PMDRX vs. AAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMDRX PIMCO Moderate Duration Fund | -0.27% | 8.70% | 3.45% | 5.50% | -9.21% | -1.26% | 7.98% | 6.38% | 0.57% | 3.28% |
AAIIX Ancora Income Fund | 1.96% | 2.28% | 9.23% | 9.46% | -14.32% | 9.21% | 3.72% | 11.08% | -5.60% | 6.57% |
Correlation
The correlation between PMDRX and AAIIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2004 | 0.23 |
The correlation between PMDRX and AAIIX shifts across timeframes, from 0.23 (all time) to 0.41 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMDRX vs. AAIIX — Risk / Return Rank
PMDRX
AAIIX
PMDRX vs. AAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Moderate Duration Fund (PMDRX) and Ancora Income Fund (AAIIX). 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.
| PMDRX | AAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.48 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.51 | 4.55 | -0.04 |
Loading charts...
Drawdowns
PMDRX vs. AAIIX - Drawdown Comparison
The maximum PMDRX drawdown since its inception was -13.19%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for PMDRX and AAIIX.
Loading charts...
Drawdown Indicators
| PMDRX | AAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -98.01% | +84.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -4.19% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.13% | -98.01% | +94.88% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -98.01% | +84.82% |
Max Drawdown (10Y)Largest decline over 10 years | -13.19% | -98.01% | +84.82% |
Current DrawdownCurrent decline from peak | -1.73% | -97.79% | +96.06% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -12.52% | +11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.36% | -0.31% |
Volatility
PMDRX vs. AAIIX - Volatility Comparison
PIMCO Moderate Duration Fund (PMDRX) has a higher volatility of 1.33% compared to Ancora Income Fund (AAIIX) at 1.22%. This indicates that PMDRX's price experiences larger fluctuations and is considered to be riskier than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMDRX | AAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.22% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 3.35% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 4.56% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 2,045.26% | -2,041.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 1,445.35% | -1,441.75% |
PMDRX vs. AAIIX - Expense Ratio Comparison
PMDRX has a 0.46% expense ratio, which is lower than AAIIX's 2.20% expense ratio.
Dividends
PMDRX vs. AAIIX - Dividend Comparison
PMDRX's dividend yield for the trailing twelve months is around 4.54%, less than AAIIX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 5.22% | 4.09% | 4.57% | 4.77% | 4.52% | 4.46% | 5.68% | 3.96% | 4.36% | 5.69% | 6.40% | 6.99% |
PMDRX PIMCO Moderate Duration Fund | 4.54% | 4.42% | 4.38% | 3.76% | 3.18% | 1.32% | 5.16% | 2.82% | 2.45% | 1.75% | 2.06% | 4.33% |
Frequently Asked Questions
PMDRX and AAIIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMDRX has higher volatility (1.33%) compared to AAIIX (1.22%). In terms of maximum drawdown, PMDRX dropped -13.19% vs AAIIX's -98.01%.
AAIIX currently has the higher Sharpe Ratio (1.36 vs 1.32), 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.
Find the right allocation for PMDRX and AAIIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer