PSDIX vs. NMTRX
PSDIX (PIMCO Short Duration Municipal Income Fund) and NMTRX (Nuveen Municipal Total Return Managed Accounts) are both Municipal Bonds funds. Over the past 10 years, PSDIX returned 2.06%/yr vs 2.08%/yr for NMTRX. Their 0.41 correlation means their historical movements had little consistent relationship. PSDIX charges 0.33%/yr vs 0.05%/yr for NMTRX.
Performance
PSDIX vs. NMTRX - Performance Comparison
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Returns By Period
In the year-to-date period, PSDIX achieves a 0.88% return, which is significantly lower than NMTRX's 1.35% return. Both investments have delivered pretty close results over the past 10 years, with PSDIX having a 2.06% annualized return and NMTRX not far ahead at 2.08%.
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%
NMTRX
- 1D
- -0.30%
- 1M
- -2.06%
- 6M
- 0.75%
- YTD
- 1.35%
- 1Y
- 6.62%
- 3Y*
- 3.50%
- 5Y*
- 0.05%
- 10Y*
- 2.08%
- ALL TIME*
- 3.96%
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. NMTRX - 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% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 1.35% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Correlation
The correlation between PSDIX and NMTRX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.41 |
Over the past year, PSDIX and NMTRX have become more correlated (0.64) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
PSDIX vs. NMTRX — Risk / Return Rank
PSDIX
NMTRX
PSDIX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Duration Municipal Income Fund (PSDIX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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 | NMTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.62 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.88 | +0.15 |
| Martin ratioReturn relative to average drawdown | 10.92 | 10.33 | +0.59 |
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Drawdowns
PSDIX vs. NMTRX - Drawdown Comparison
The maximum PSDIX drawdown since its inception was -19.27%, which is greater than NMTRX's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for PSDIX and NMTRX.
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Drawdown Indicators
| PSDIX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -16.36% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -2.65% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -5.77% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -5.00% | -16.36% | +11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -5.00% | -16.36% | +11.36% |
Current DrawdownCurrent decline from peak | -0.48% | -2.06% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -2.89% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.74% | -0.45% |
Volatility
PSDIX vs. NMTRX - Volatility Comparison
The current volatility for PIMCO Short Duration Municipal Income Fund (PSDIX) is 0.33%, while Nuveen Municipal Total Return Managed Accounts (NMTRX) has a volatility of 0.92%. This indicates that PSDIX experiences smaller price fluctuations and is considered to be less risky than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDIX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.92% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 2.42% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 3.03% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 4.05% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 4.40% | -2.63% |
PSDIX vs. NMTRX - Expense Ratio Comparison
PSDIX has a 0.33% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Dividends
PSDIX vs. NMTRX - Dividend Comparison
PSDIX's dividend yield for the trailing twelve months is around 3.01%, less than NMTRX's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.31% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
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 NMTRX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMTRX has higher volatility (0.92%) compared to PSDIX (0.33%). In terms of maximum drawdown, PSDIX dropped -19.27% vs NMTRX's -16.36%.
NMTRX currently has the higher Sharpe Ratio (2.51 vs 2.33), 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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