PMNPX vs. PONAX
Compare and contrast key facts about PIMCO National Intermediate Municipal Bond Fund (PMNPX) and PIMCO Income Fund Class A (PONAX).
PMNPX is managed by PIMCO. It was launched on May 30, 2012. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PMNPX vs. PONAX - Performance Comparison
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PMNPX vs. PONAX - 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% |
PONAX PIMCO Income Fund Class A | -1.05% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Returns By Period
In the year-to-date period, PMNPX achieves a -0.20% return, which is significantly higher than PONAX's -1.05% return. Over the past 10 years, PMNPX has underperformed PONAX with an annualized return of 2.23%, while PONAX has yielded a comparatively higher 4.29% annualized return.
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%
PONAX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -1.05%
- 6M
- 1.17%
- 1Y
- 5.88%
- 3Y*
- 6.92%
- 5Y*
- 3.04%
- 10Y*
- 4.29%
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PMNPX vs. PONAX - Expense Ratio Comparison
PMNPX has a 0.55% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
PMNPX vs. PONAX — Risk / Return Rank
PMNPX
PONAX
PMNPX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO National Intermediate Municipal Bond Fund (PMNPX) and PIMCO Income Fund Class A (PONAX). 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 | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.45 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.07 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.89 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.25 | 7.46 | -2.21 |
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 | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.45 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.65 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 1.04 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.48 | -0.61 |
Correlation
The correlation between PMNPX and PONAX is 0.40, 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. PONAX - Dividend Comparison
PMNPX's dividend yield for the trailing twelve months is around 3.21%, less than PONAX's 5.18% 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% |
PONAX PIMCO Income Fund Class A | 5.18% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
PMNPX vs. PONAX - Drawdown Comparison
The maximum PMNPX drawdown since its inception was -11.33%, smaller than the maximum PONAX drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PMNPX and PONAX.
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Drawdown Indicators
| PMNPX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.33% | -13.64% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.69% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.33% | -13.64% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -11.33% | -13.64% | +2.31% |
Current DrawdownCurrent decline from peak | -2.27% | -2.88% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -1.80% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.94% | +0.07% |
Volatility
PMNPX vs. PONAX - Volatility Comparison
The current volatility for PIMCO National Intermediate Municipal Bond Fund (PMNPX) is 0.91%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.90%. This indicates that PMNPX experiences smaller price fluctuations and is considered to be less risky than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMNPX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.90% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 2.64% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 4.24% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 4.72% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 4.16% | -0.97% |