PMZIX vs. PFIIX
Compare and contrast key facts about PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and PIMCO Low Duration Income Fund (PFIIX).
PMZIX is managed by PIMCO. It was launched on Oct 21, 2012. PFIIX is managed by PIMCO. It was launched on Jul 30, 2004.
Performance
PMZIX vs. PFIIX - Performance Comparison
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PMZIX vs. PFIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | -0.31% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.04% | 1.55% | 5.50% |
PFIIX PIMCO Low Duration Income Fund | -0.72% | 9.56% | 7.19% | 7.78% | -5.29% | 2.38% | 4.84% | 6.72% | 1.56% | 6.05% |
Returns By Period
In the year-to-date period, PMZIX achieves a -0.31% return, which is significantly higher than PFIIX's -0.72% return. Over the past 10 years, PMZIX has underperformed PFIIX with an annualized return of 3.59%, while PFIIX has yielded a comparatively higher 5.09% annualized return.
PMZIX
- 1D
- 0.43%
- 1M
- -1.89%
- YTD
- -0.31%
- 6M
- 1.54%
- 1Y
- 5.09%
- 3Y*
- 6.31%
- 5Y*
- 2.81%
- 10Y*
- 3.59%
PFIIX
- 1D
- 0.25%
- 1M
- -1.92%
- YTD
- -0.72%
- 6M
- 1.39%
- 1Y
- 5.80%
- 3Y*
- 7.32%
- 5Y*
- 3.91%
- 10Y*
- 5.09%
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PMZIX vs. PFIIX - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is higher than PFIIX's 0.50% expense ratio.
Return for Risk
PMZIX vs. PFIIX — Risk / Return Rank
PMZIX
PFIIX
PMZIX vs. PFIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and PIMCO Low Duration Income Fund (PFIIX). 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.
| PMZIX | PFIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 2.17 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.47 | 3.34 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.92 | -0.47 |
Martin ratioReturn relative to average drawdown | 8.69 | 11.40 | -2.70 |
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
| PMZIX | PFIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.17 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.27 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 1.61 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.91 | +0.31 |
Correlation
The correlation between PMZIX and PFIIX is 0.42, 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.
Dividends
PMZIX vs. PFIIX - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 5.20%, more than PFIIX's 5.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.20% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
PFIIX PIMCO Low Duration Income Fund | 5.05% | 5.49% | 5.94% | 4.97% | 5.35% | 3.06% | 3.44% | 4.74% | 3.22% | 3.13% | 3.75% | 5.36% |
Drawdowns
PMZIX vs. PFIIX - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -10.44%, smaller than the maximum PFIIX drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for PMZIX and PFIIX.
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Drawdown Indicators
| PMZIX | PFIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.44% | -28.35% | +17.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -2.16% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -8.84% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | -11.72% | +1.28% |
Current DrawdownCurrent decline from peak | -1.89% | -1.92% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -2.62% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.55% | +0.13% |
Volatility
PMZIX vs. PFIIX - Volatility Comparison
PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a higher volatility of 1.26% compared to PIMCO Low Duration Income Fund (PFIIX) at 1.17%. This indicates that PMZIX's price experiences larger fluctuations and is considered to be riskier than PFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMZIX | PFIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.17% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 1.84% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 2.94% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 3.11% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 3.17% | +0.02% |