PMFLX vs. DFABX

Last updated Jun 4, 2026

PMFLX (PIMCO Flexible Municipal Income Fund) and DFABX (DFA Short-Term Selective State Municipal Bond Portfolio) are both Municipal Bonds funds. PMFLX charges 0.70%/yr vs 0.25%/yr for DFABX.

Performance

PMFLX vs. DFABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Flexible Municipal Income Fund (PMFLX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PMFLX

• 1D: 0.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFABX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.98%
• 6M: 1.10%
• 1Y: 2.66%
• 3Y*: 2.82%
• 5Y*: —
• 10Y*: —

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

PMFLX vs. DFABX - Yearly Performance Comparison

	2026 (YTD)
PMFLX PIMCO Flexible Municipal Income Fund	0.66%
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	0.00%

Return for Risk

PMFLX vs. DFABX — Risk / Return Rank

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

DFABX

DFABX Risk / Return Rank: 100
DFABX Sharpe Ratio Rank: 99
DFABX Sortino Ratio Rank: 100
DFABX Omega Ratio Rank: 100
DFABX Calmar Ratio Rank: 100
DFABX Martin Ratio Rank: 100

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.

PMFLX vs. DFABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Flexible Municipal Income Fund (PMFLX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PMFLX	DFABX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	17.21	2.48	+14.74

Drawdowns

PMFLX vs. DFABX - Drawdown Comparison

The maximum PMFLX drawdown since its inception was -0.10%, smaller than the maximum DFABX drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for PMFLX and DFABX.

Drawdown Indicators

	PMFLX	DFABX	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-2.46%	+2.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.60%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.24%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	PMFLX	DFABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.22%	0.56%	+4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.22%	0.96%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	0.96%	+4.26%

PMFLX vs. DFABX - Expense Ratio Comparison

PMFLX has a 0.70% expense ratio, which is higher than DFABX's 0.25% expense ratio.

Dividends

PMFLX vs. DFABX - Dividend Comparison

PMFLX's dividend yield for the trailing twelve months is around 0.36%, less than DFABX's 2.63% yield.

Position	TTM	2025	2024	2023	2022
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	2.63%	2.33%	2.86%	2.52%	1.25%
PMFLX PIMCO Flexible Municipal Income Fund	0.36%	0.00%	0.00%	0.00%	0.00%