PMTGX vs. PDMIX
PMTGX (PIA MBS Bond Fund) and PDMIX (PIMCO GNMA and Government Securities Fund) are both Government Bonds funds. Over the past 10 years, PMTGX returned 1.20%/yr vs 1.56%/yr for PDMIX. Their correlation of 0.83 suggests significant overlap in exposure. PMTGX charges 0.23%/yr vs 0.50%/yr for PDMIX.
Performance
PMTGX vs. PDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PMTGX achieves a 0.66% return, which is significantly lower than PDMIX's 1.45% return. Over the past 10 years, PMTGX has underperformed PDMIX with an annualized return of 1.20%, while PDMIX has yielded a comparatively higher 1.56% annualized return.
PMTGX
- 1D
- 0.48%
- 1M
- 0.91%
- YTD
- 0.66%
- 6M
- 0.60%
- 1Y
- 5.02%
- 3Y*
- 3.95%
- 5Y*
- 0.33%
- 10Y*
- 1.20%
PDMIX
- 1D
- 0.42%
- 1M
- 0.77%
- YTD
- 1.45%
- 6M
- 1.42%
- 1Y
- 5.95%
- 3Y*
- 4.86%
- 5Y*
- 0.34%
- 10Y*
- 1.56%
PMTGX vs. PDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMTGX PIA MBS Bond Fund | 0.66% | 7.83% | 0.96% | 4.73% | -11.37% | -1.18% | 3.85% | 6.02% | 0.76% | 2.35% |
PDMIX PIMCO GNMA and Government Securities Fund | 1.45% | 8.43% | 1.59% | 6.03% | -13.96% | -0.65% | 5.78% | 6.57% | 0.83% | 2.06% |
Correlation
The correlation between PMTGX and PDMIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2006 | 0.83 |
The correlation between PMTGX and PDMIX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
PMTGX vs. PDMIX — Risk / Return Rank
PMTGX
PDMIX
PMTGX vs. PDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA MBS Bond Fund (PMTGX) and PIMCO GNMA and Government Securities Fund (PDMIX). 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.
| PMTGX | PDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.85 | -0.44 |
| Martin ratioReturn relative to average drawdown | 4.18 | 5.90 | -1.72 |
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Drawdowns
PMTGX vs. PDMIX - Drawdown Comparison
The maximum PMTGX drawdown since its inception was -17.09%, smaller than the maximum PDMIX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for PMTGX and PDMIX.
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Drawdown Indicators
| PMTGX | PDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -18.64% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -3.24% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.66% | -7.13% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -18.59% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | -18.64% | +1.55% |
Current DrawdownCurrent decline from peak | -1.50% | -1.14% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -1.75% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.01% | +0.22% |
Volatility
PMTGX vs. PDMIX - Volatility Comparison
The current volatility for PIA MBS Bond Fund (PMTGX) is 1.23%, while PIMCO GNMA and Government Securities Fund (PDMIX) has a volatility of 1.48%. This indicates that PMTGX experiences smaller price fluctuations and is considered to be less risky than PDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMTGX | PDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.48% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 3.45% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.45% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 6.69% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 5.08% | -0.30% |
PMTGX vs. PDMIX - Expense Ratio Comparison
PMTGX has a 0.23% expense ratio, which is lower than PDMIX's 0.50% expense ratio.
Dividends
PMTGX vs. PDMIX - Dividend Comparison
PMTGX's dividend yield for the trailing twelve months is around 3.71%, less than PDMIX's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDMIX PIMCO GNMA and Government Securities Fund | 4.29% | 4.29% | 4.66% | 3.76% | 3.84% | 2.03% | 2.40% | 3.41% | 3.10% | 2.96% | 2.93% | 2.14% |
PMTGX PIA MBS Bond Fund | 3.71% | 4.10% | 4.16% | 3.48% | 2.17% | 0.79% | 2.12% | 2.96% | 2.76% | 2.75% | 2.96% | 2.79% |
Frequently Asked Questions
PMTGX and PDMIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDMIX has higher volatility (1.48%) compared to PMTGX (1.23%). In terms of maximum drawdown, PMTGX dropped -17.09% vs PDMIX's -18.64%.
PDMIX currently has the higher Sharpe Ratio (1.35 vs 1.19), 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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