PRRIX vs. PIMIX
PRRIX (PIMCO Real Return Fund) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PRRIX is a Inflation-Protected Bonds fund managed by PIMCO, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PRRIX returned 2.78%/yr vs 4.72%/yr for PIMIX. A 0.58 correlation means they provide meaningful diversification when combined. PRRIX charges 0.45%/yr vs 0.54%/yr for PIMIX.
Performance
PRRIX vs. PIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PRRIX achieves a 0.49% return, which is significantly lower than PIMIX's 1.00% return. Over the past 10 years, PRRIX has underperformed PIMIX with an annualized return of 2.78%, while PIMIX has yielded a comparatively higher 4.72% annualized return.
PRRIX
- 1D
- 0.20%
- 1M
- 0.63%
- YTD
- 0.49%
- 6M
- 0.94%
- 1Y
- 4.42%
- 3Y*
- 4.33%
- 5Y*
- 1.00%
- 10Y*
- 2.78%
PIMIX
- 1D
- 0.09%
- 1M
- 1.19%
- YTD
- 1.00%
- 6M
- 1.60%
- 1Y
- 7.88%
- 3Y*
- 7.73%
- 5Y*
- 3.58%
- 10Y*
- 4.72%
PRRIX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRRIX PIMCO Real Return Fund | 0.49% | 8.19% | 2.60% | 3.29% | -13.27% | 5.70% | 12.11% | 8.53% | -1.96% | 4.22% |
PIMIX PIMCO Income Fund Institutional Class | 1.00% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between PRRIX and PIMIX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007 | 0.58 |
Over the past year, PRRIX and PIMIX have become more correlated (0.81) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
PRRIX vs. PIMIX — Risk / Return Rank
PRRIX
PIMIX
PRRIX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Real Return Fund (PRRIX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
| PRRIX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.15 | -0.40 |
| Martin ratioReturn relative to average drawdown | 6.01 | 7.27 | -1.26 |
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Drawdowns
PRRIX vs. PIMIX - Drawdown Comparison
The maximum PRRIX drawdown since its inception was -19.25%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PRRIX and PIMIX.
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Drawdown Indicators
| PRRIX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.25% | -13.39% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.69% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -3.84% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -13.34% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -15.76% | -13.39% | -2.37% |
Current DrawdownCurrent decline from peak | -1.16% | -0.93% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -1.69% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.09% | -0.32% |
Volatility
PRRIX vs. PIMIX - Volatility Comparison
PIMCO Real Return Fund (PRRIX) has a higher volatility of 1.76% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.42%. This indicates that PRRIX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRRIX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.42% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.39% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 4.17% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 4.86% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 4.26% | +1.39% |
PRRIX vs. PIMIX - Expense Ratio Comparison
PRRIX has a 0.45% expense ratio, which is lower than PIMIX's 0.54% expense ratio.
Dividends
PRRIX vs. PIMIX - Dividend Comparison
PRRIX's dividend yield for the trailing twelve months is around 4.18%, less than PIMIX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 5.83% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
PRRIX PIMCO Real Return Fund | 4.18% | 3.92% | 3.17% | 2.83% | 7.38% | 5.12% | 2.62% | 1.91% | 2.70% | 2.57% | 1.10% | 0.99% |
Frequently Asked Questions
PRRIX and PIMIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRRIX has higher volatility (1.76%) compared to PIMIX (1.42%). In terms of maximum drawdown, PRRIX dropped -19.25% vs PIMIX's -13.39%.
PIMIX currently has the higher Sharpe Ratio (1.91 vs 1.18), 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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