PMZIX vs. RPIDX
PMZIX (PIMCO Mortgage Opportunities and Bond Fund) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, PMZIX returned 2.53%/yr vs 6.11%/yr for RPIDX. Their 0.08 correlation means their historical movements had little consistent relationship. PMZIX charges 0.60%/yr vs 0.63%/yr for RPIDX.
Performance
PMZIX vs. RPIDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMZIX achieves a -0.15% return, which is significantly lower than RPIDX's 0.03% return.
PMZIX
- 1D
- -0.33%
- 1M
- -1.40%
- 6M
- -0.60%
- YTD
- -0.15%
- 1Y
- 2.77%
- 3Y*
- 5.88%
- 5Y*
- 2.53%
- 10Y*
- 3.31%
- ALL TIME*
- 3.54%
RPIDX
- 1D
- -0.12%
- 1M
- -1.40%
- 6M
- -0.80%
- YTD
- 0.03%
- 1Y
- 2.11%
- 3Y*
- 9.59%
- 5Y*
- 6.11%
- 10Y*
- —
- ALL TIME*
- 6.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMZIX vs. RPIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | -0.15% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.14% |
RPIDX T. Rowe Price Dynamic Credit Fund | 0.03% | 9.15% | 14.31% | 9.09% | -0.76% | 6.21% | 2.71% | 6.87% |
Correlation
The correlation between PMZIX and RPIDX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2019 | 0.08 |
The correlation between PMZIX and RPIDX shifts across timeframes, from 0.04 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMZIX vs. RPIDX — Risk / Return Rank
PMZIX
RPIDX
PMZIX vs. RPIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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.
| PMZIX | RPIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.96 | +0.56 |
| Martin ratioReturn relative to average drawdown | 4.81 | 3.06 | +1.75 |
Loading charts...
Drawdowns
PMZIX vs. RPIDX - Drawdown Comparison
The maximum PMZIX drawdown since its inception was -10.44%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for PMZIX and RPIDX.
Loading charts...
Drawdown Indicators
| PMZIX | RPIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.44% | -19.95% | +9.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -2.20% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | -2.81% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -7.31% | -3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -10.44% | — | — |
Current DrawdownCurrent decline from peak | -1.73% | -1.85% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -1.77% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.69% | +0.07% |
Volatility
PMZIX vs. RPIDX - Volatility Comparison
The current volatility for PIMCO Mortgage Opportunities and Bond Fund (PMZIX) is 1.01%, while T. Rowe Price Dynamic Credit Fund (RPIDX) has a volatility of 1.24%. This indicates that PMZIX experiences smaller price fluctuations and is considered to be less risky than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMZIX | RPIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.24% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.70% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.38% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.89% | 3.96% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 4.83% | -1.58% |
PMZIX vs. RPIDX - Expense Ratio Comparison
PMZIX has a 0.60% expense ratio, which is lower than RPIDX's 0.63% expense ratio.
Dividends
PMZIX vs. RPIDX - Dividend Comparison
PMZIX's dividend yield for the trailing twelve months is around 5.10%, less than RPIDX's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.10% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
RPIDX T. Rowe Price Dynamic Credit Fund | 7.55% | 9.39% | 13.10% | 10.72% | 7.97% | 5.34% | 7.14% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMZIX and RPIDX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPIDX has higher volatility (1.24%) compared to PMZIX (1.01%). In terms of maximum drawdown, PMZIX dropped -10.44% vs RPIDX's -19.95%.
PMZIX currently has the higher Sharpe Ratio (1.10 vs 0.63), 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.
Find the right allocation for PMZIX and RPIDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer