PMJIX vs. PSDIX
PMJIX (PIMCO RAE US Small Fund) and PSDIX (PIMCO Short Duration Municipal Income Fund) are both mutual funds - PMJIX is a Small Cap Value Equities fund managed by PIMCO, while PSDIX is a Municipal Bonds fund managed by PIMCO. Over the past 10 years, PMJIX returned 14.05%/yr vs 2.10%/yr for PSDIX. At a correlation of -0.00, they often move in opposite directions. PMJIX charges 0.50%/yr vs 0.33%/yr for PSDIX.
Performance
PMJIX vs. PSDIX - Performance Comparison
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Returns By Period
In the year-to-date period, PMJIX achieves a 18.92% return, which is significantly higher than PSDIX's 1.10% return. Over the past 10 years, PMJIX has outperformed PSDIX with an annualized return of 14.05%, while PSDIX has yielded a comparatively lower 2.10% annualized return.
PMJIX
- 1D
- -0.07%
- 1M
- 4.46%
- YTD
- 18.92%
- 6M
- 16.02%
- 1Y
- 35.58%
- 3Y*
- 22.10%
- 5Y*
- 10.99%
- 10Y*
- 14.05%
PSDIX
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 1.10%
- 6M
- 1.51%
- 1Y
- 3.96%
- 3Y*
- 4.31%
- 5Y*
- 2.32%
- 10Y*
- 2.10%
PMJIX vs. PSDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMJIX PIMCO RAE US Small Fund | 18.92% | 5.11% | 22.05% | 19.77% | -4.62% | 39.15% | 6.95% | 20.22% | -11.69% | 9.22% |
PSDIX PIMCO Short Duration Municipal Income Fund | 1.10% | 5.63% | 3.46% | 4.26% | -2.67% | 0.35% | 2.89% | 3.72% | 1.43% | 2.31% |
Correlation
The correlation between PMJIX and PSDIX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | -0.00 |
The correlation between PMJIX and PSDIX shifts across timeframes, from -0.00 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PMJIX vs. PSDIX — Risk / Return Rank
PMJIX
PSDIX
PMJIX vs. PSDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE US Small Fund (PMJIX) and PIMCO Short Duration Municipal Income Fund (PSDIX). 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.
| PMJIX | PSDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.29 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 3.85 | +1.07 |
| Martin ratioReturn relative to average drawdown | 14.59 | 14.59 | +0.01 |
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Drawdowns
PMJIX vs. PSDIX - Drawdown Comparison
The maximum PMJIX drawdown since its inception was -49.75%, which is greater than PSDIX's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for PMJIX and PSDIX.
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Drawdown Indicators
| PMJIX | PSDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.75% | -19.27% | -30.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -1.07% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -1.80% | -24.24% |
Max Drawdown (5Y)Largest decline over 5 years | -49.75% | -5.00% | -44.75% |
Max Drawdown (10Y)Largest decline over 10 years | -49.75% | -5.00% | -44.75% |
Current DrawdownCurrent decline from peak | -2.19% | -0.03% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -2.00% | -14.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 0.28% | +2.28% |
Volatility
PMJIX vs. PSDIX - Volatility Comparison
PIMCO RAE US Small Fund (PMJIX) has a higher volatility of 5.24% compared to PIMCO Short Duration Municipal Income Fund (PSDIX) at 0.39%. This indicates that PMJIX's price experiences larger fluctuations and is considered to be riskier than PSDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMJIX | PSDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 0.39% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 1.04% | +10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 1.39% | +15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.45% | 1.87% | +37.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 1.76% | +31.34% |
PMJIX vs. PSDIX - Expense Ratio Comparison
PMJIX has a 0.50% expense ratio, which is higher than PSDIX's 0.33% expense ratio.
Dividends
PMJIX vs. PSDIX - Dividend Comparison
PMJIX's dividend yield for the trailing twelve months is around 2.65%, less than PSDIX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMJIX PIMCO RAE US Small Fund | 2.65% | 3.15% | 3.26% | 1.25% | 9.91% | 65.79% | 9.46% | 1.55% | 7.65% | 4.69% | 1.24% | 1.67% |
PSDIX PIMCO Short Duration Municipal Income Fund | 3.28% | 4.35% | 3.88% | 2.69% | 1.24% | 1.06% | 1.43% | 2.10% | 1.90% | 1.57% | 1.23% | 1.28% |
Frequently Asked Questions
PMJIX and PSDIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMJIX has higher volatility (5.24%) compared to PSDIX (0.39%). In terms of maximum drawdown, PMJIX dropped -49.75% vs PSDIX's -19.27%.
PSDIX currently has the higher Sharpe Ratio (2.96 vs 2.17), 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.
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