PRAIX vs. PMJIX
PRAIX (PIMCO Long-Term Real Return Fund) and PMJIX (PIMCO RAE US Small Fund) are both mutual funds - PRAIX is a Inflation-Protected Bonds fund managed by PIMCO, while PMJIX is a Small Cap Value Equities fund managed by PIMCO. Over the past 10 years, PRAIX returned 0.18%/yr vs 13.47%/yr for PMJIX. Their -0.03 correlation means they have often moved in opposite directions in the past. Both charge a 0.50% expense ratio.
Performance
PRAIX vs. PMJIX - Performance Comparison
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Returns By Period
In the year-to-date period, PRAIX achieves a -4.92% return, which is significantly lower than PMJIX's 19.86% return. Over the past 10 years, PRAIX has underperformed PMJIX with an annualized return of 0.18%, while PMJIX has yielded a comparatively higher 13.47% annualized return.
PRAIX
- 1D
- -0.47%
- 1M
- -4.61%
- 6M
- -4.26%
- YTD
- -4.92%
- 1Y
- -2.85%
- 3Y*
- -1.40%
- 5Y*
- -7.98%
- 10Y*
- 0.18%
- ALL TIME*
- 4.50%
PMJIX
- 1D
- -0.57%
- 1M
- -0.07%
- 6M
- 14.36%
- YTD
- 19.86%
- 1Y
- 35.37%
- 3Y*
- 18.06%
- 5Y*
- 12.99%
- 10Y*
- 13.47%
- ALL TIME*
- 11.81%
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 |
PRAIX vs. PMJIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRAIX PIMCO Long-Term Real Return Fund | -4.92% | 5.26% | -4.11% | 0.14% | -33.83% | 7.21% | 27.16% | 19.62% | -6.49% | 8.84% |
PMJIX PIMCO RAE US Small Fund | 19.86% | 5.11% | 22.05% | 19.77% | -4.62% | 39.15% | 6.95% | 20.22% | -11.69% | 9.22% |
Correlation
The correlation between PRAIX and PMJIX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | -0.03 |
The correlation between PRAIX and PMJIX shifts across timeframes, from -0.03 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRAIX vs. PMJIX — Risk / Return Rank
PRAIX
PMJIX
PRAIX vs. PMJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Long-Term Real Return Fund (PRAIX) and PIMCO RAE US Small Fund (PMJIX). 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.
| PRAIX | PMJIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 4.37 | -4.60 |
| Martin ratioReturn relative to average drawdown | -0.52 | 13.44 | -13.96 |
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Drawdowns
PRAIX vs. PMJIX - Drawdown Comparison
The maximum PRAIX drawdown since its inception was -43.52%, smaller than the maximum PMJIX drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PRAIX and PMJIX.
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Drawdown Indicators
| PRAIX | PMJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -49.75% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.70% | -7.62% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -26.04% | +13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -43.52% | -49.75% | +6.23% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -49.75% | +6.23% |
Current DrawdownCurrent decline from peak | -37.43% | -1.83% | -35.60% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -16.00% | +5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.48% | +1.42% |
Volatility
PRAIX vs. PMJIX - Volatility Comparison
The current volatility for PIMCO Long-Term Real Return Fund (PRAIX) is 2.09%, while PIMCO RAE US Small Fund (PMJIX) has a volatility of 3.25%. This indicates that PRAIX experiences smaller price fluctuations and is considered to be less risky than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAIX | PMJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.25% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 11.25% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.24% | 16.78% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 39.26% | -22.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 33.03% | -18.08% |
PRAIX vs. PMJIX - Expense Ratio Comparison
Both PRAIX and PMJIX have an expense ratio of 0.50%.
Dividends
PRAIX vs. PMJIX - Dividend Comparison
PRAIX's dividend yield for the trailing twelve months is around 6.57%, more than PMJIX's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMJIX PIMCO RAE US Small Fund | 2.63% | 3.15% | 3.26% | 1.25% | 9.91% | 65.79% | 9.46% | 1.55% | 7.65% | 4.69% | 1.24% | 1.67% |
PRAIX PIMCO Long-Term Real Return Fund | 6.57% | 5.72% | 4.64% | 4.75% | 12.40% | 15.85% | 37.88% | 7.20% | 3.06% | 2.76% | 1.54% | 2.05% |
Frequently Asked Questions
PRAIX and PMJIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMJIX has higher volatility (3.25%) compared to PRAIX (2.09%). In terms of maximum drawdown, PRAIX dropped -43.52% vs PMJIX's -49.75%.
PMJIX currently has the higher Sharpe Ratio (1.99 vs -0.22), 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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