PMFLX vs. PISIX

Last updated Jun 4, 2026

PMFLX (PIMCO Flexible Municipal Income Fund) and PISIX (PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)) are both mutual funds - PMFLX is a Municipal Bonds fund managed by PIMCO, while PISIX is a Foreign Large Cap Equities fund managed by PIMCO. Their correlation of 0.87 suggests significant overlap in exposure. PMFLX charges 0.70%/yr vs 0.76%/yr for PISIX.

Performance

PMFLX vs. PISIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Flexible Municipal Income Fund (PMFLX) and PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX). 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*: —

PISIX

• 1D: 0.68%
• 1M: 4.68%
• YTD: 9.70%
• 6M: 5.65%
• 1Y: 19.16%
• 3Y*: 16.85%
• 5Y*: 11.55%
• 10Y*: 12.15%

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

PMFLX vs. PISIX - Yearly Performance Comparison

	2026 (YTD)
PMFLX PIMCO Flexible Municipal Income Fund	0.66%
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)	0.68%

Correlation

The correlation between PMFLX and PISIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.87

Return for Risk

PMFLX vs. PISIX — Risk / Return Rank

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

PISIX

PISIX Risk / Return Rank: 25
PISIX Sharpe Ratio Rank: 23
PISIX Sortino Ratio Rank: 20
PISIX Omega Ratio Rank: 29
PISIX Calmar Ratio Rank: 24
PISIX Martin Ratio Rank: 27

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. PISIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Flexible Municipal Income Fund (PMFLX) and PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX). 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	PISIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	17.21	0.55	+16.67

Drawdowns

PMFLX vs. PISIX - Drawdown Comparison

The maximum PMFLX drawdown since its inception was -0.10%, smaller than the maximum PISIX drawdown of -57.47%. Use the drawdown chart below to compare losses from any high point for PMFLX and PISIX.

Drawdown Indicators

	PMFLX	PISIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-57.47%	+57.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.44%	—
Current Drawdown Current decline from peak	0.00%	-0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-7.20%	+7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.00%	—

Volatility

Volatility by Period

	PMFLX	PISIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.22%	14.45%	-9.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.22%	14.19%	-8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	14.61%	-9.39%

PMFLX vs. PISIX - Expense Ratio Comparison

PMFLX has a 0.70% expense ratio, which is lower than PISIX's 0.76% expense ratio.

Dividends

PMFLX vs. PISIX - Dividend Comparison

PMFLX's dividend yield for the trailing twelve months is around 0.36%, less than PISIX's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)	4.69%	5.14%	11.81%	10.04%	10.11%	7.31%	1.42%	11.47%	7.99%	7.36%	1.02%	8.16%
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 PISIX in my portfolio?

PMFLX and PISIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.