PSDIX vs. FXIEX
PSDIX (PIMCO Short Duration Municipal Income Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds from PIMCO. Over the past 10 years, PSDIX returned 2.06%/yr vs 2.71%/yr for FXIEX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. PSDIX charges 0.33%/yr vs 0.07%/yr for FXIEX.
Performance
PSDIX vs. FXIEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSDIX achieves a 0.88% return, which is significantly lower than FXIEX's 0.97% return. Over the past 10 years, PSDIX has underperformed FXIEX with an annualized return of 2.06%, while FXIEX has yielded a comparatively higher 2.71% annualized return.
PSDIX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 0.25%
- YTD
- 0.88%
- 1Y
- 2.79%
- 3Y*
- 4.10%
- 5Y*
- 2.20%
- 10Y*
- 2.06%
- ALL TIME*
- 1.69%
FXIEX
- 1D
- -0.21%
- 1M
- -1.62%
- 6M
- 0.66%
- YTD
- 0.97%
- 1Y
- 5.57%
- 3Y*
- 4.44%
- 5Y*
- 1.26%
- 10Y*
- 2.71%
- ALL TIME*
- 2.11%
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 |
PSDIX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSDIX PIMCO Short Duration Municipal Income Fund | 0.88% | 5.63% | 3.46% | 4.26% | -2.67% | 0.35% | 2.89% | 3.72% | 1.43% | 2.31% |
FXIEX PIMCO Fixed Income SHares: Series TE | 0.97% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Correlation
The correlation between PSDIX and FXIEX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.55 |
The correlation between PSDIX and FXIEX shifts across timeframes, from 0.55 (all time) to 0.71 (5 years), 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
PSDIX vs. FXIEX — Risk / Return Rank
PSDIX
FXIEX
PSDIX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Duration Municipal Income Fund (PSDIX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
| PSDIX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.54 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.16 | -0.13 |
| Martin ratioReturn relative to average drawdown | 10.92 | 10.57 | +0.35 |
Loading charts...
Drawdowns
PSDIX vs. FXIEX - Drawdown Comparison
The maximum PSDIX drawdown since its inception was -19.27%, which is greater than FXIEX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for PSDIX and FXIEX.
Loading charts...
Drawdown Indicators
| PSDIX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -15.25% | -4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -2.42% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -5.56% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -5.00% | -15.25% | +10.25% |
Max Drawdown (10Y)Largest decline over 10 years | -5.00% | -15.25% | +10.25% |
Current DrawdownCurrent decline from peak | -0.48% | -1.62% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -2.87% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.74% | -0.45% |
Volatility
PSDIX vs. FXIEX - Volatility Comparison
The current volatility for PIMCO Short Duration Municipal Income Fund (PSDIX) is 0.33%, while PIMCO Fixed Income SHares: Series TE (FXIEX) has a volatility of 0.83%. This indicates that PSDIX experiences smaller price fluctuations and is considered to be less risky than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PSDIX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.83% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 2.36% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 3.43% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 4.39% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 4.10% | -2.33% |
PSDIX vs. FXIEX - Expense Ratio Comparison
PSDIX has a 0.33% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Dividends
PSDIX vs. FXIEX - Dividend Comparison
PSDIX's dividend yield for the trailing twelve months is around 3.01%, more than FXIEX's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIEX PIMCO Fixed Income SHares: Series TE | 2.40% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
PSDIX PIMCO Short Duration Municipal Income Fund | 3.01% | 4.35% | 3.88% | 2.69% | 1.24% | 1.06% | 1.43% | 2.10% | 1.90% | 1.57% | 1.23% | 1.28% |
Frequently Asked Questions
PSDIX and FXIEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXIEX has higher volatility (0.83%) compared to PSDIX (0.33%). In terms of maximum drawdown, PSDIX dropped -19.27% vs FXIEX's -15.25%.
PSDIX currently has the higher Sharpe Ratio (2.33 vs 2.23), 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 PSDIX and FXIEX
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