PML vs. PSLDX

Last updated Jun 4, 2026

PML (PIMCO Municipal Income Fund II) and PSLDX (PIMCO StocksPLUS Long Duration Fund Class I) are both mutual funds - PML is a Municipal Bonds fund actively managed by PIMCO, while PSLDX is a Diversified Portfolio fund managed by PIMCO. Over the past 10 years, PML returned -0.31%/yr vs 14.66%/yr for PSLDX. At a 0.29 correlation, their price movements are largely independent. PML charges 1.08%/yr vs 0.61%/yr for PSLDX.

Performance

PML vs. PSLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Municipal Income Fund II (PML) and PIMCO StocksPLUS Long Duration Fund Class I (PSLDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PML achieves a 1.52% return, which is significantly lower than PSLDX's 10.35% return. Over the past 10 years, PML has underperformed PSLDX with an annualized return of -0.31%, while PSLDX has yielded a comparatively higher 14.66% annualized return.

PML

• 1D: -0.67%
• 1M: 1.75%
• YTD: 1.52%
• 6M: 0.19%
• 1Y: 7.30%
• 3Y*: -0.50%
• 5Y*: -7.70%
• 10Y*: -0.31%

PSLDX

• 1D: 0.32%
• 1M: 7.19%
• YTD: 10.35%
• 6M: 9.08%
• 1Y: 33.67%
• 3Y*: 19.60%
• 5Y*: 6.18%
• 10Y*: 14.66%

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

PML vs. PSLDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PML PIMCO Municipal Income Fund II	1.52%	-0.89%	2.93%	-3.06%	-34.06%	7.16%	-5.17%	25.60%	7.25%	14.48%
PSLDX PIMCO StocksPLUS Long Duration Fund Class I	10.35%	20.34%	15.41%	27.93%	-43.18%	25.85%	37.80%	60.43%	-9.31%	33.07%

Correlation

The correlation between PML and PSLDX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.29

The correlation between PML and PSLDX shifts across timeframes, from 0.29 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PML vs. PSLDX — Risk / Return Rank

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

PML

PML Risk / Return Rank: 9
PML Sharpe Ratio Rank: 9
PML Sortino Ratio Rank: 8
PML Omega Ratio Rank: 9
PML Calmar Ratio Rank: 11
PML Martin Ratio Rank: 9

PSLDX

PSLDX Risk / Return Rank: 47
PSLDX Sharpe Ratio Rank: 51
PSLDX Sortino Ratio Rank: 46
PSLDX Omega Ratio Rank: 47
PSLDX Calmar Ratio Rank: 44
PSLDX Martin Ratio Rank: 49

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.

PML vs. PSLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Income Fund II (PML) and PIMCO StocksPLUS Long Duration Fund Class I (PSLDX). 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.

	PML	PSLDX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	2.12	-1.42
Sortino ratio: Return per unit of downside risk	1.04	2.82	-1.78
Omega ratio: Gain probability vs. loss probability	1.14	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	1.05	2.53	-1.48
Martin ratio: Return relative to average drawdown	2.65	10.23	-7.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PML vs. PSLDX - Sharpe Ratio Comparison

The current PML Sharpe Ratio is 0.70, which is lower than the PSLDX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PML and PSLDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PML	PSLDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	2.12	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	0.27	-0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.69	-0.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.67	-0.48

Drawdowns

PML vs. PSLDX - Drawdown Comparison

The maximum PML drawdown since its inception was -64.34%, which is greater than PSLDX's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PML and PSLDX.

Drawdown Indicators

	PML	PSLDX	Difference
Max Drawdown Largest peak-to-trough decline	-64.34%	-55.25%	-9.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-13.70%	+6.70%
Max Drawdown (3Y) Largest decline over 3 years	-23.76%	-24.03%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-47.94%	-49.32%	+1.38%
Max Drawdown (10Y) Largest decline over 10 years	-47.94%	-49.32%	+1.38%
Current Drawdown Current decline from peak	-35.34%	0.00%	-35.34%
Average Drawdown Average peak-to-trough decline	-11.90%	-10.65%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.38%	-0.62%

Volatility

PML vs. PSLDX - Volatility Comparison

The current volatility for PIMCO Municipal Income Fund II (PML) is 3.63%, while PIMCO StocksPLUS Long Duration Fund Class I (PSLDX) has a volatility of 5.37%. This indicates that PML experiences smaller price fluctuations and is considered to be less risky than PSLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PML	PSLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	5.37%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	13.18%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	16.34%	-5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	22.71%	-8.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.48%	21.32%	-5.84%

PML vs. PSLDX - Expense Ratio Comparison

PML has a 1.08% expense ratio, which is higher than PSLDX's 0.61% expense ratio.

Dividends

PML vs. PSLDX - Dividend Comparison

PML's dividend yield for the trailing twelve months is around 6.35%, less than PSLDX's 9.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PML PIMCO Municipal Income Fund II	6.35%	6.29%	5.86%	5.71%	7.83%	4.85%	4.95%	4.91%	5.86%	5.92%	6.38%	6.24%
PSLDX PIMCO StocksPLUS Long Duration Fund Class I	9.43%	12.92%	15.23%	3.67%	2.66%	38.80%	12.89%	18.91%	15.58%	24.52%	11.55%	12.08%

Frequently Asked Questions

Can I hold both PML and PSLDX in my portfolio?

PML and PSLDX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PML or PSLDX?

PSLDX has higher volatility (5.37%) compared to PML (3.63%). In terms of maximum drawdown, PML dropped -64.34% vs PSLDX's -55.25%.

Which has better risk-adjusted returns?

PSLDX currently has the higher Sharpe Ratio (2.12 vs 0.70), 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.