PMFLX vs. MUJ

Last updated Jun 4, 2026

PMFLX (PIMCO Flexible Municipal Income Fund) and MUJ (BlackRock MuniHoldings New Jersey Quality Fund) are both Municipal Bonds funds. A 0.60 correlation means they provide meaningful diversification when combined. PMFLX charges 0.70%/yr vs 2.26%/yr for MUJ.

Performance

PMFLX vs. MUJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Flexible Municipal Income Fund (PMFLX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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*: —

MUJ

• 1D: -0.49%
• 1M: 1.10%
• YTD: 4.64%
• 6M: 4.23%
• 1Y: 18.31%
• 3Y*: 8.52%
• 5Y*: -0.02%
• 10Y*: 2.47%

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

PMFLX vs. MUJ - Yearly Performance Comparison

	2026 (YTD)
PMFLX PIMCO Flexible Municipal Income Fund	0.66%
MUJ BlackRock MuniHoldings New Jersey Quality Fund	-0.41%

Correlation

The correlation between PMFLX and MUJ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.60

Return for Risk

PMFLX vs. MUJ — Risk / Return Rank

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

MUJ

MUJ Risk / Return Rank: 44
MUJ Sharpe Ratio Rank: 50
MUJ Sortino Ratio Rank: 51
MUJ Omega Ratio Rank: 55
MUJ Calmar Ratio Rank: 28
MUJ Martin Ratio Rank: 36

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. MUJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Flexible Municipal Income Fund (PMFLX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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	MUJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	17.21	0.35	+16.86

Drawdowns

PMFLX vs. MUJ - Drawdown Comparison

The maximum PMFLX drawdown since its inception was -0.10%, smaller than the maximum MUJ drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for PMFLX and MUJ.

Drawdown Indicators

	PMFLX	MUJ	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-41.72%	+41.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.71%	—
Current Drawdown Current decline from peak	0.00%	-3.46%	+3.46%
Average Drawdown Average peak-to-trough decline	-0.03%	-9.04%	+9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	PMFLX	MUJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.22%	8.82%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.22%	10.35%	-5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	11.20%	-5.98%

PMFLX vs. MUJ - Expense Ratio Comparison

PMFLX has a 0.70% expense ratio, which is lower than MUJ's 2.26% expense ratio.

Dividends

PMFLX vs. MUJ - Dividend Comparison

PMFLX's dividend yield for the trailing twelve months is around 0.36%, less than MUJ's 5.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUJ BlackRock MuniHoldings New Jersey Quality Fund	5.32%	5.45%	5.53%	4.13%	6.40%	4.77%	4.78%	4.03%	5.34%	5.55%	6.00%	5.69%
PMFLX PIMCO Flexible Municipal Income Fund	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PMFLX and MUJ in my portfolio?

PMFLX and MUJ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.