PSPTX vs. PMJIX

Last updated Jul 14, 2026

PSPTX (PIMCO StocksPLUS Absolute Return Fund) and PMJIX (PIMCO RAE US Small Fund) are both mutual funds - PSPTX is a Large Cap Blend Equities fund managed by PIMCO, while PMJIX is a Small Cap Value Equities fund managed by PIMCO. Over the past 10 years, PSPTX returned 15.19%/yr vs 13.33%/yr for PMJIX. A 0.75 correlation means they provide meaningful diversification when combined. PSPTX charges 0.65%/yr vs 0.50%/yr for PMJIX.

Performance

PSPTX vs. PMJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO StocksPLUS Absolute Return Fund (PSPTX) and PIMCO RAE US Small Fund (PMJIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSPTX achieves a 10.72% return, which is significantly lower than PMJIX's 19.78% return. Over the past 10 years, PSPTX has outperformed PMJIX with an annualized return of 15.19%, while PMJIX has yielded a comparatively lower 13.33% annualized return.

PSPTX

• 1D: 0.43%
• 1M: 1.91%
• 6M: 8.67%
• YTD: 10.72%
• 1Y: 19.64%
• 3Y*: 20.42%
• 5Y*: 11.50%
• 10Y*: 15.19%

PMJIX

• 1D: 0.29%
• 1M: -1.49%
• 6M: 13.62%
• YTD: 19.78%
• 1Y: 30.36%
• 3Y*: 19.40%
• 5Y*: 11.58%
• 10Y*: 13.33%

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

PSPTX vs. PMJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSPTX PIMCO StocksPLUS Absolute Return Fund	10.72%	16.07%	24.47%	26.92%	-22.08%	27.99%	18.86%	36.66%	-5.65%	23.90%
PMJIX PIMCO RAE US Small Fund	19.78%	5.11%	22.05%	19.77%	-4.62%	39.15%	6.95%	20.22%	-11.69%	9.22%

Correlation

The correlation between PSPTX and PMJIX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015	0.75

The correlation between PSPTX and PMJIX has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

Return for Risk

PSPTX vs. PMJIX — Risk / Return Rank

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

PSPTX

PSPTX Risk / Return Rank: 34
PSPTX Sharpe Ratio Rank: 38
PSPTX Sortino Ratio Rank: 35
PSPTX Omega Ratio Rank: 39
PSPTX Calmar Ratio Rank: 28
PSPTX Martin Ratio Rank: 32

PMJIX

PMJIX Risk / Return Rank: 68
PMJIX Sharpe Ratio Rank: 58
PMJIX Sortino Ratio Rank: 62
PMJIX Omega Ratio Rank: 50
PMJIX Calmar Ratio Rank: 91
PMJIX Martin Ratio Rank: 80

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.

PSPTX vs. PMJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS Absolute Return Fund (PSPTX) and PIMCO RAE US Small Fund (PMJIX). 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.

	PSPTX	PMJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.70	-0.32
Sortino ratio: Return per unit of downside risk	1.89	2.48	-0.60
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.52	3.82	-2.30
Martin ratio: Return relative to average drawdown	5.66	11.28	-5.62

PSPTX vs. PMJIX - Sharpe Ratio Comparison

The current PSPTX Sharpe Ratio is 1.38, which is comparable to the PMJIX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of PSPTX and PMJIX, 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

PSPTX vs. PMJIX - Drawdown Comparison

The maximum PSPTX drawdown since its inception was -61.82%, which is greater than PMJIX's maximum drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PSPTX and PMJIX.

Drawdown Indicators

	PSPTX	PMJIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.82%	-49.75%	-12.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-7.62%	-5.08%
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	-26.04%	+6.24%
Max Drawdown (5Y) Largest decline over 5 years	-28.53%	-49.75%	+21.22%
Max Drawdown (10Y) Largest decline over 10 years	-39.47%	-49.75%	+10.28%
Current Drawdown Current decline from peak	-0.27%	-1.49%	+1.22%
Average Drawdown Average peak-to-trough decline	-6.74%	-16.08%	+9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.59%	+0.80%

Volatility

PSPTX vs. PMJIX - Volatility Comparison

PIMCO StocksPLUS Absolute Return Fund (PSPTX) has a higher volatility of 4.54% compared to PIMCO RAE US Small Fund (PMJIX) at 4.31%. This indicates that PSPTX's price experiences larger fluctuations and is considered to be riskier than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSPTX	PMJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.31%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	11.70%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	17.14%	-3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	39.39%	-21.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	33.03%	-14.13%

PSPTX vs. PMJIX - Expense Ratio Comparison

PSPTX has a 0.65% expense ratio, which is higher than PMJIX's 0.50% expense ratio.

Dividends

PSPTX vs. PMJIX - Dividend Comparison

PSPTX's dividend yield for the trailing twelve months is around 11.91%, more than PMJIX's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMJIX PIMCO RAE US Small Fund	2.63%	3.15%	3.26%	1.25%	9.91%	65.79%	9.46%	1.55%	7.65%	4.69%	1.24%	1.67%
PSPTX PIMCO StocksPLUS Absolute Return Fund	11.91%	14.54%	9.52%	2.60%	4.72%	32.14%	4.56%	11.00%	11.46%	17.93%	0.16%	5.71%

Frequently Asked Questions

Can I hold both PSPTX and PMJIX in my portfolio?

PSPTX and PMJIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSPTX or PMJIX?

PSPTX has higher volatility (4.54%) compared to PMJIX (4.31%). In terms of maximum drawdown, PSPTX dropped -61.82% vs PMJIX's -49.75%.

Which has better risk-adjusted returns?

PMJIX currently has the higher Sharpe Ratio (1.70 vs 1.38), 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.