PRRSX vs. PIMIX

Last updated Jun 23, 2026

PRRSX (PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PRRSX is a REIT fund managed by PIMCO, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PRRSX returned 6.56%/yr vs 4.72%/yr for PIMIX. At a 0.26 correlation, their price movements are largely independent. PRRSX charges 0.79%/yr vs 0.54%/yr for PIMIX.

Performance

PRRSX vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) and PIMCO Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRRSX achieves a 13.87% return, which is significantly higher than PIMIX's 1.00% return. Over the past 10 years, PRRSX has outperformed PIMIX with an annualized return of 6.56%, while PIMIX has yielded a comparatively lower 4.72% annualized return.

PRRSX

• 1D: 0.30%
• 1M: -0.98%
• YTD: 13.87%
• 6M: 13.57%
• 1Y: 17.88%
• 3Y*: 10.84%
• 5Y*: 4.30%
• 10Y*: 6.56%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRRSX vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	13.87%	5.21%	5.11%	12.30%	-29.37%	53.74%	-3.80%	29.61%	-6.42%	4.32%
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 PRRSX and PIMIX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007	0.26

Over the past year, PRRSX and PIMIX have become more correlated (0.50) than their long-term average of 0.26, meaning their price movements have been converging.

Return for Risk

PRRSX vs. PIMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRRSX

PRRSX Risk / Return Rank: 24
PRRSX Sharpe Ratio Rank: 20
PRRSX Sortino Ratio Rank: 18
PRRSX Omega Ratio Rank: 19
PRRSX Calmar Ratio Rank: 31
PRRSX Martin Ratio Rank: 31

PIMIX

PIMIX Risk / Return Rank: 46
PIMIX Sharpe Ratio Rank: 50
PIMIX Sortino Ratio Rank: 55
PIMIX Omega Ratio Rank: 54
PIMIX Calmar Ratio Rank: 36
PIMIX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRRSX vs. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) 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.

	PRRSX	PIMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.91	-0.70
Sortino ratio: Return per unit of downside risk	1.67	2.85	-1.18
Omega ratio: Gain probability vs. loss probability	1.22	1.37	-0.15
Calmar ratio: Return relative to maximum drawdown	1.99	2.15	-0.16
Martin ratio: Return relative to average drawdown	6.79	7.27	-0.48

PRRSX vs. PIMIX - Sharpe Ratio Comparison

The current PRRSX Sharpe Ratio is 1.21, which is lower than the PIMIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of PRRSX and PIMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRRSX vs. PIMIX - Drawdown Comparison

The maximum PRRSX drawdown since its inception was -77.82%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PRRSX and PIMIX.

Drawdown Indicators

	PRRSX	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-13.39%	-64.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-3.69%	-5.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.77%	-3.84%	-13.93%
Max Drawdown (5Y) Largest decline over 5 years	-37.14%	-13.34%	-23.80%
Max Drawdown (10Y) Largest decline over 10 years	-45.75%	-13.39%	-32.36%
Current Drawdown Current decline from peak	-3.24%	-0.93%	-2.31%
Average Drawdown Average peak-to-trough decline	-13.06%	-1.69%	-11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	1.09%	+1.55%

Volatility

PRRSX vs. PIMIX - Volatility Comparison

PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) has a higher volatility of 5.61% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.42%. This indicates that PRRSX'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.

Volatility by Period

	PRRSX	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	1.42%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	3.39%	+7.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.89%	4.17%	+10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	4.86%	+15.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	4.26%	+17.64%

PRRSX vs. PIMIX - Expense Ratio Comparison

PRRSX has a 0.79% expense ratio, which is higher than PIMIX's 0.54% expense ratio.

Dividends

PRRSX vs. PIMIX - Dividend Comparison

PRRSX's dividend yield for the trailing twelve months is around 1.51%, 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%
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	1.51%	2.19%	0.61%	0.00%	18.62%	34.01%	7.21%	7.99%	0.81%	1.67%	0.66%	8.38%

Frequently Asked Questions

Can I hold both PRRSX and PIMIX in my portfolio?

PRRSX and PIMIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRRSX or PIMIX?

PRRSX has higher volatility (5.61%) compared to PIMIX (1.42%). In terms of maximum drawdown, PRRSX dropped -77.82% vs PIMIX's -13.39%.

Which has better risk-adjusted returns?

PIMIX currently has the higher Sharpe Ratio (1.91 vs 1.21), 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.