PMJAX vs. NSDVX

Last updated Aug 1, 2026

PMJAX (PIMCO RAE US Small Fund Class A) and NSDVX (North Star Dividend Fund) are both Small Cap Value Equities funds. Over the past 10 years, PMJAX returned 12.88%/yr vs 7.21%/yr for NSDVX. Their correlation of 0.82 means they have usually moved in the same direction. PMJAX charges 0.90%/yr vs 1.37%/yr for NSDVX.

Performance

PMJAX vs. NSDVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE US Small Fund Class A (PMJAX) and North Star Dividend Fund (NSDVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMJAX achieves a 20.20% return, which is significantly lower than NSDVX's 22.74% return. Over the past 10 years, PMJAX has outperformed NSDVX with an annualized return of 12.88%, while NSDVX has yielded a comparatively lower 7.21% annualized return.

PMJAX

• 1D: 0.15%
• 1M: 0.45%
• 6M: 16.52%
• YTD: 20.20%
• 1Y: 35.79%
• 3Y*: 17.44%
• 5Y*: 12.58%
• 10Y*: 12.88%
• ALL TIME*: 13.40%

NSDVX

• 1D: -0.81%
• 1M: 0.62%
• 6M: 14.93%
• YTD: 22.74%
• 1Y: 29.44%
• 3Y*: 10.98%
• 5Y*: 5.92%
• 10Y*: 7.21%
• ALL TIME*: 8.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NSDVX North Star Dividend Fund	$0.00	$0.00	$0.00
PMJAX PIMCO RAE US Small Fund Class A	$0.00	$0.00	$0.00

PMJAX vs. NSDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMJAX PIMCO RAE US Small Fund Class A	20.20%	4.89%	20.53%	19.76%	-5.07%	38.48%	6.52%	19.76%	-12.02%	8.76%
NSDVX North Star Dividend Fund	22.74%	-1.31%	9.25%	8.06%	-6.36%	16.16%	6.51%	16.13%	-12.35%	8.27%

Correlation

The correlation between PMJAX and NSDVX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.82

The correlation between PMJAX and NSDVX shifts across timeframes, from 0.70 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PMJAX vs. NSDVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PMJAX

PMJAX Risk / Return Rank: 84
PMJAX Sharpe Ratio Rank: 80
PMJAX Sortino Ratio Rank: 79
PMJAX Omega Ratio Rank: 73
PMJAX Calmar Ratio Rank: 95
PMJAX Martin Ratio Rank: 91

NSDVX

NSDVX Risk / Return Rank: 74
NSDVX Sharpe Ratio Rank: 78
NSDVX Sortino Ratio Rank: 80
NSDVX Omega Ratio Rank: 74
NSDVX Calmar Ratio Rank: 78
NSDVX Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PMJAX vs. NSDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE US Small Fund Class A (PMJAX) and North Star Dividend Fund (NSDVX). 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.

	PMJAX	NSDVX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.83	+0.11
Sortino ratio: Return per unit of downside risk	2.79	2.78	+0.01
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	4.23	2.56	+1.68
Martin ratio: Return relative to average drawdown	13.04	7.64	+5.40

PMJAX vs. NSDVX - Sharpe Ratio Comparison

The current PMJAX Sharpe Ratio is 1.94, which is comparable to the NSDVX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of PMJAX and NSDVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMJAX vs. NSDVX - Drawdown Comparison

The maximum PMJAX drawdown since its inception was -50.53%, which is greater than NSDVX's maximum drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for PMJAX and NSDVX.

Drawdown Indicators

	PMJAX	NSDVX	Difference
Max Drawdown Largest peak-to-trough decline	-50.53%	-38.64%	-11.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.66%	-10.48%	+2.82%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-16.41%	-10.31%
Max Drawdown (5Y) Largest decline over 5 years	-50.53%	-21.27%	-29.26%
Max Drawdown (10Y) Largest decline over 10 years	-50.53%	-38.64%	-11.89%
Current Drawdown Current decline from peak	-1.33%	-1.68%	+0.35%
Average Drawdown Average peak-to-trough decline	-16.79%	-6.48%	-10.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	3.50%	-0.99%

Volatility

PMJAX vs. NSDVX - Volatility Comparison

The current volatility for PIMCO RAE US Small Fund Class A (PMJAX) is 3.26%, while North Star Dividend Fund (NSDVX) has a volatility of 3.70%. This indicates that PMJAX experiences smaller price fluctuations and is considered to be less risky than NSDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMJAX	NSDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.70%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	9.57%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	14.70%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.06%	16.03%	+24.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.51%	17.75%	+15.76%

PMJAX vs. NSDVX - Expense Ratio Comparison

PMJAX has a 0.90% expense ratio, which is lower than NSDVX's 1.37% expense ratio.

Dividends

PMJAX vs. NSDVX - Dividend Comparison

PMJAX's dividend yield for the trailing twelve months is around 2.75%, which matches NSDVX's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSDVX North Star Dividend Fund	2.74%	3.45%	7.00%	2.52%	6.57%	3.31%	1.52%	2.64%	6.87%	2.48%	4.67%	3.51%
PMJAX PIMCO RAE US Small Fund Class A	2.75%	3.31%	2.48%	1.40%	10.08%	67.74%	9.44%	1.37%	7.72%	4.51%	1.16%	0.00%

Frequently Asked Questions

Can I hold both PMJAX and NSDVX in my portfolio?

PMJAX and NSDVX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMJAX or NSDVX?

NSDVX has higher volatility (3.70%) compared to PMJAX (3.26%). In terms of maximum drawdown, PMJAX dropped -50.53% vs NSDVX's -38.64%.

Which has better risk-adjusted returns?

PMJAX currently has the higher Sharpe Ratio (1.94 vs 1.83), 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.