PMF vs. MUNI
Compare and contrast key facts about PIMCO Municipal Income Fund (PMF) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMF or MUNI.
Correlation
The correlation between PMF and MUNI is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PMF vs. MUNI - Performance Comparison
Key characteristics
PMF:
0.13
MUNI:
0.93
PMF:
0.28
MUNI:
1.31
PMF:
1.03
MUNI:
1.18
PMF:
0.05
MUNI:
1.20
PMF:
0.28
MUNI:
3.26
PMF:
6.14%
MUNI:
0.89%
PMF:
12.88%
MUNI:
3.13%
PMF:
-60.21%
MUNI:
-11.15%
PMF:
-29.01%
MUNI:
-0.47%
Returns By Period
In the year-to-date period, PMF achieves a 2.64% return, which is significantly higher than MUNI's 1.08% return. Over the past 10 years, PMF has underperformed MUNI with an annualized return of 0.44%, while MUNI has yielded a comparatively higher 2.19% annualized return.
PMF
2.64%
3.53%
-1.52%
1.73%
-4.93%
0.44%
MUNI
1.08%
1.03%
0.75%
2.92%
1.15%
2.19%
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Risk-Adjusted Performance
PMF vs. MUNI — Risk-Adjusted Performance Rank
PMF
MUNI
PMF vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Income Fund (PMF) 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.
Dividends
PMF vs. MUNI - Dividend Comparison
PMF's dividend yield for the trailing twelve months is around 5.52%, more than MUNI's 3.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMF PIMCO Municipal Income Fund | 5.52% | 5.61% | 5.40% | 6.21% | 4.26% | 5.26% | 4.83% | 5.74% | 5.70% | 6.75% | 6.29% | 6.78% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.47% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
PMF vs. MUNI - Drawdown Comparison
The maximum PMF drawdown since its inception was -60.21%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for PMF and MUNI. For additional features, visit the drawdowns tool.
Volatility
PMF vs. MUNI - Volatility Comparison
PIMCO Municipal Income Fund (PMF) has a higher volatility of 4.27% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.05%. This indicates that PMF'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.