PSDIX vs. SCHO
Compare and contrast key facts about PIMCO Short Duration Municipal Income Fund (PSDIX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
PSDIX is managed by PIMCO. It was launched on Aug 30, 1999. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010.
Performance
PSDIX vs. SCHO - Performance Comparison
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PSDIX vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSDIX PIMCO Short Duration Municipal Income Fund | 0.17% | 5.63% | 3.46% | 4.26% | -2.67% | 0.35% | 2.89% | 3.72% | 1.43% | 2.31% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.24% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Returns By Period
In the year-to-date period, PSDIX achieves a 0.17% return, which is significantly lower than SCHO's 0.24% return. Over the past 10 years, PSDIX has outperformed SCHO with an annualized return of 2.05%, while SCHO has yielded a comparatively lower 1.71% annualized return.
PSDIX
- 1D
- 0.12%
- 1M
- -0.95%
- YTD
- 0.17%
- 6M
- 1.02%
- 1Y
- 4.12%
- 3Y*
- 4.02%
- 5Y*
- 2.19%
- 10Y*
- 2.05%
SCHO
- 1D
- 0.08%
- 1M
- -0.45%
- YTD
- 0.24%
- 6M
- 1.40%
- 1Y
- 3.77%
- 3Y*
- 3.99%
- 5Y*
- 1.79%
- 10Y*
- 1.71%
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PSDIX vs. SCHO - Expense Ratio Comparison
PSDIX has a 0.33% expense ratio, which is higher than SCHO's 0.03% expense ratio.
Return for Risk
PSDIX vs. SCHO — Risk / Return Rank
PSDIX
SCHO
PSDIX vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Duration Municipal Income Fund (PSDIX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
| PSDIX | SCHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 2.49 | -0.22 |
Sortino ratioReturn per unit of downside risk | 3.54 | 4.00 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.89 | 1.51 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 4.44 | -1.79 |
Martin ratioReturn relative to average drawdown | 12.52 | 17.55 | -5.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSDIX | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.49 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.91 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 1.11 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.00 | -0.21 |
Correlation
The correlation between PSDIX and SCHO is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PSDIX vs. SCHO - Dividend Comparison
PSDIX's dividend yield for the trailing twelve months is around 3.30%, less than SCHO's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDIX PIMCO Short Duration Municipal Income Fund | 3.30% | 4.35% | 3.88% | 2.69% | 1.24% | 1.06% | 1.43% | 2.10% | 1.90% | 1.57% | 1.23% | 1.28% |
SCHO Schwab Short-Term U.S. Treasury ETF | 4.00% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Drawdowns
PSDIX vs. SCHO - Drawdown Comparison
The maximum PSDIX drawdown since its inception was -19.27%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for PSDIX and SCHO.
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Drawdown Indicators
| PSDIX | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -5.69% | -13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -0.86% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -5.00% | -5.69% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -5.00% | -5.69% | +0.69% |
Current DrawdownCurrent decline from peak | -0.95% | -0.45% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -0.61% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.22% | +0.16% |
Volatility
PSDIX vs. SCHO - Volatility Comparison
The current volatility for PIMCO Short Duration Municipal Income Fund (PSDIX) is 0.37%, while Schwab Short-Term U.S. Treasury ETF (SCHO) has a volatility of 0.52%. This indicates that PSDIX experiences smaller price fluctuations and is considered to be less risky than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDIX | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.52% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 0.87% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 1.52% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.84% | 1.97% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.75% | 1.55% | +0.20% |