PMZIX vs. FSRNX
Compare and contrast key facts about PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and Fidelity Real Estate Index Fund (FSRNX).
PMZIX is managed by PIMCO. It was launched on Oct 21, 2012. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMZIX or FSRNX.
Key characteristics
| PMZIX | FSRNX | |
|---|---|---|
| YTD Return | 4.37% | 9.66% |
| 1Y Return | 9.47% | 33.52% |
| 3Y Return (Ann) | 1.36% | -1.07% |
| 5Y Return (Ann) | 2.35% | 2.01% |
| 10Y Return (Ann) | 3.12% | 4.82% |
| Sharpe Ratio | 2.50 | 1.98 |
| Sortino Ratio | 4.16 | 2.87 |
| Omega Ratio | 1.51 | 1.36 |
| Calmar Ratio | 2.01 | 1.07 |
| Martin Ratio | 14.19 | 7.82 |
| Ulcer Index | 0.73% | 4.39% |
| Daily Std Dev | 4.12% | 17.32% |
| Max Drawdown | -9.46% | -44.26% |
| Current Drawdown | -2.32% | -9.34% |
Correlation
The correlation between PMZIX and FSRNX is 0.17, 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.
Performance
PMZIX vs. FSRNX - Performance Comparison
In the year-to-date period, PMZIX achieves a 4.37% return, which is significantly lower than FSRNX's 9.66% return. Over the past 10 years, PMZIX has underperformed FSRNX with an annualized return of 3.12%, while FSRNX has yielded a comparatively higher 4.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMZIX vs. FSRNX - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Risk-Adjusted Performance
PMZIX vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and Fidelity Real Estate Index Fund (FSRNX). 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
PMZIX vs. FSRNX - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 7.24%, more than FSRNX's 2.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 7.24% | 6.70% | 7.20% | 3.65% | 3.97% | 4.36% | 4.28% | 3.58% | 5.20% | 4.08% | 3.87% | 4.15% |
FSRNX Fidelity Real Estate Index Fund | 2.67% | 2.84% | 2.66% | 1.25% | 3.33% | 3.93% | 4.43% | 2.86% | 3.95% | 2.57% | 4.18% | 3.54% |
Drawdowns
PMZIX vs. FSRNX - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -9.46%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for PMZIX and FSRNX. For additional features, visit the drawdowns tool.
Volatility
PMZIX vs. FSRNX - Volatility Comparison
The current volatility for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) is 0.91%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 4.11%. This indicates that PMZIX experiences smaller price fluctuations and is considered to be less risky than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.