PMNPX vs. MUNI
Compare and contrast key facts about PIMCO National Intermediate Municipal Bond Fund (PMNPX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
PMNPX is managed by PIMCO. It was launched on May 30, 2012. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMNPX or MUNI.
Key characteristics
| PMNPX | MUNI | |
|---|---|---|
| YTD Return | 2.09% | 1.44% |
| 1Y Return | 7.65% | 6.96% |
| 3Y Return (Ann) | 0.92% | 0.40% |
| 5Y Return (Ann) | 1.71% | 1.45% |
| 10Y Return (Ann) | 2.42% | 2.21% |
| Sharpe Ratio | 2.50 | 2.20 |
| Sortino Ratio | 3.94 | 3.31 |
| Omega Ratio | 1.59 | 1.46 |
| Calmar Ratio | 1.39 | 1.17 |
| Martin Ratio | 11.58 | 10.75 |
| Ulcer Index | 0.66% | 0.68% |
| Daily Std Dev | 3.06% | 3.33% |
| Max Drawdown | -10.82% | -11.15% |
| Current Drawdown | -1.42% | -1.42% |
Correlation
The correlation between PMNPX and MUNI is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PMNPX vs. MUNI - Performance Comparison
In the year-to-date period, PMNPX achieves a 2.09% return, which is significantly higher than MUNI's 1.44% return. Over the past 10 years, PMNPX has outperformed MUNI with an annualized return of 2.42%, while MUNI has yielded a comparatively lower 2.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PMNPX vs. MUNI - Expense Ratio Comparison
PMNPX has a 0.55% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
PMNPX vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO National Intermediate Municipal Bond Fund (PMNPX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
Dividends
PMNPX vs. MUNI - Dividend Comparison
PMNPX's dividend yield for the trailing twelve months is around 3.63%, less than MUNI's 4.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMNPX PIMCO National Intermediate Municipal Bond Fund | 3.63% | 3.21% | 2.25% | 1.87% | 1.95% | 2.32% | 2.61% | 2.38% | 2.12% | 2.17% | 1.93% | 1.48% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.03% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
Drawdowns
PMNPX vs. MUNI - Drawdown Comparison
The maximum PMNPX drawdown since its inception was -10.82%, roughly equal to the maximum MUNI drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for PMNPX and MUNI. For additional features, visit the drawdowns tool.
Volatility
PMNPX vs. MUNI - Volatility Comparison
The current volatility for PIMCO National Intermediate Municipal Bond Fund (PMNPX) is 1.38%, while PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a volatility of 1.61%. This indicates that PMNPX experiences smaller price fluctuations and is considered to be less risky than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.