PMNPX vs. NMI
Compare and contrast key facts about PIMCO National Intermediate Municipal Bond Fund (PMNPX) and Nuveen Municipal Income Fund, Inc. (NMI).
PMNPX is managed by PIMCO. It was launched on May 30, 2012. NMI is managed by Nuveen. It was launched on Apr 20, 1998.
Performance
PMNPX vs. NMI - Performance Comparison
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PMNPX vs. NMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMNPX PIMCO National Intermediate Municipal Bond Fund | -0.20% | 5.05% | 2.08% | 6.27% | -6.64% | 0.86% | 4.46% | 6.83% | 0.99% | 5.21% |
NMI Nuveen Municipal Income Fund, Inc. | 5.52% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Returns By Period
In the year-to-date period, PMNPX achieves a -0.20% return, which is significantly lower than NMI's 5.52% return. Both investments have delivered pretty close results over the past 10 years, with PMNPX having a 2.23% annualized return and NMI not far ahead at 2.30%.
PMNPX
- 1D
- 0.19%
- 1M
- -1.99%
- YTD
- -0.20%
- 6M
- 0.97%
- 1Y
- 4.18%
- 3Y*
- 3.51%
- 5Y*
- 1.44%
- 10Y*
- 2.23%
NMI
- 1D
- -0.86%
- 1M
- 3.79%
- YTD
- 5.52%
- 6M
- 6.73%
- 1Y
- 10.11%
- 3Y*
- 8.16%
- 5Y*
- 2.04%
- 10Y*
- 2.30%
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PMNPX vs. NMI - Expense Ratio Comparison
PMNPX has a 0.55% expense ratio, which is lower than NMI's 0.72% expense ratio.
Return for Risk
PMNPX vs. NMI — Risk / Return Rank
PMNPX
NMI
PMNPX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO National Intermediate Municipal Bond Fund (PMNPX) and Nuveen Municipal Income Fund, Inc. (NMI). 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.
| PMNPX | NMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.84 | +0.43 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.49 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.17 | +0.34 |
Martin ratioReturn relative to average drawdown | 5.25 | 2.37 | +2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMNPX | NMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.84 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.15 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.16 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.34 | +0.53 |
Correlation
The correlation between PMNPX and NMI is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PMNPX vs. NMI - Dividend Comparison
PMNPX's dividend yield for the trailing twelve months is around 3.21%, less than NMI's 4.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMNPX PIMCO National Intermediate Municipal Bond Fund | 3.21% | 3.43% | 3.63% | 2.70% | 1.68% | 1.86% | 1.96% | 2.34% | 2.60% | 2.38% | 2.13% | 2.14% |
NMI Nuveen Municipal Income Fund, Inc. | 4.40% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
Drawdowns
PMNPX vs. NMI - Drawdown Comparison
The maximum PMNPX drawdown since its inception was -11.33%, smaller than the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for PMNPX and NMI.
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Drawdown Indicators
| PMNPX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.33% | -28.92% | +17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -8.71% | +5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -11.33% | -28.92% | +17.59% |
Max Drawdown (10Y)Largest decline over 10 years | -11.33% | -28.92% | +17.59% |
Current DrawdownCurrent decline from peak | -2.27% | -0.86% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -5.93% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 4.31% | -3.30% |
Volatility
PMNPX vs. NMI - Volatility Comparison
The current volatility for PIMCO National Intermediate Municipal Bond Fund (PMNPX) is 0.91%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 5.78%. This indicates that PMNPX experiences smaller price fluctuations and is considered to be less risky than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMNPX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 5.78% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 7.44% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 12.11% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 13.59% | -10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 14.60% | -11.41% |