PTTPX vs. PMJIX

Last updated Jun 4, 2026

PTTPX (PIMCO Total Return Fund Class I-2) and PMJIX (PIMCO RAE US Small Fund) are both mutual funds - PTTPX is a Total Bond Market fund actively managed by PIMCO, while PMJIX is a Small Cap Value Equities fund managed by PIMCO. Over the past 10 years, PTTPX returned 2.13%/yr vs 13.83%/yr for PMJIX. At a correlation of -0.05, they often move in opposite directions. PTTPX charges 0.63%/yr vs 0.50%/yr for PMJIX.

Performance

PTTPX vs. PMJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Total Return Fund Class I-2 (PTTPX) 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, PTTPX achieves a 0.60% return, which is significantly lower than PMJIX's 19.26% return. Over the past 10 years, PTTPX has underperformed PMJIX with an annualized return of 2.13%, while PMJIX has yielded a comparatively higher 13.83% annualized return.

PTTPX

• 1D: 0.11%
• 1M: 0.87%
• YTD: 0.60%
• 6M: 0.76%
• 1Y: 7.35%
• 3Y*: 5.22%
• 5Y*: 0.52%
• 10Y*: 2.13%

PMJIX

• 1D: 1.46%
• 1M: 7.52%
• YTD: 19.26%
• 6M: 16.95%
• 1Y: 36.24%
• 3Y*: 22.47%
• 5Y*: 11.18%
• 10Y*: 13.83%

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

PTTPX vs. PMJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTTPX PIMCO Total Return Fund Class I-2	0.60%	9.24%	2.51%	5.47%	-14.80%	-0.70%	8.78%	8.26%	-0.35%	5.03%
PMJIX PIMCO RAE US Small Fund	19.26%	5.11%	22.05%	19.77%	-4.62%	39.15%	6.95%	20.22%	-11.69%	9.22%

Correlation

The correlation between PTTPX and PMJIX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jun 8, 2015	-0.05

The correlation between PTTPX and PMJIX shifts across timeframes, from -0.05 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PTTPX vs. PMJIX — Risk / Return Rank

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

PTTPX

PTTPX Risk / Return Rank: 29
PTTPX Sharpe Ratio Rank: 30
PTTPX Sortino Ratio Rank: 30
PTTPX Omega Ratio Rank: 31
PTTPX Calmar Ratio Rank: 28
PTTPX Martin Ratio Rank: 25

PMJIX

PMJIX Risk / Return Rank: 67
PMJIX Sharpe Ratio Rank: 58
PMJIX Sortino Ratio Rank: 56
PMJIX Omega Ratio Rank: 48
PMJIX Calmar Ratio Rank: 92
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.

PTTPX vs. PMJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Class I-2 (PTTPX) 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.

	PTTPX	PMJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.24	-0.67
Sortino ratio: Return per unit of downside risk	2.30	3.16	-0.86
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.09
Calmar ratio: Return relative to maximum drawdown	1.97	5.05	-3.08
Martin ratio: Return relative to average drawdown	6.09	14.96	-8.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTTPX vs. PMJIX - Sharpe Ratio Comparison

The current PTTPX Sharpe Ratio is 1.57, which is lower than the PMJIX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of PTTPX 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.

Sharpe Ratios by Period

	PTTPX	PMJIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.24	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.28	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.42	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.37	+0.35

Drawdowns

PTTPX vs. PMJIX - Drawdown Comparison

The maximum PTTPX drawdown since its inception was -19.36%, smaller than the maximum PMJIX drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PTTPX and PMJIX.

Drawdown Indicators

	PTTPX	PMJIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.36%	-49.75%	+30.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	-7.62%	+3.92%
Max Drawdown (3Y) Largest decline over 3 years	-6.22%	-26.04%	+19.82%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-49.75%	+30.39%
Max Drawdown (10Y) Largest decline over 10 years	-19.36%	-49.75%	+30.39%
Current Drawdown Current decline from peak	-1.51%	0.00%	-1.51%
Average Drawdown Average peak-to-trough decline	-3.17%	-16.22%	+13.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	2.56%	-1.37%

Volatility

PTTPX vs. PMJIX - Volatility Comparison

The current volatility for PIMCO Total Return Fund Class I-2 (PTTPX) is 1.81%, while PIMCO RAE US Small Fund (PMJIX) has a volatility of 5.13%. This indicates that PTTPX experiences smaller price fluctuations and is considered to be less risky than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTTPX	PMJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	5.13%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	3.53%	11.50%	-7.97%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	17.16%	-12.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.26%	39.48%	-33.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	33.09%	-27.87%

PTTPX vs. PMJIX - Expense Ratio Comparison

PTTPX has a 0.63% expense ratio, which is higher than PMJIX's 0.50% expense ratio.

Dividends

PTTPX vs. PMJIX - Dividend Comparison

PTTPX's dividend yield for the trailing twelve months is around 4.44%, more than PMJIX's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMJIX PIMCO RAE US Small Fund	2.64%	3.15%	3.26%	1.25%	9.91%	65.79%	9.46%	1.55%	7.65%	4.69%	1.24%	1.67%
PTTPX PIMCO Total Return Fund Class I-2	4.44%	4.37%	4.51%	3.04%	3.53%	2.48%	6.01%	3.87%	3.02%	2.53%	2.92%	6.54%

Frequently Asked Questions

Can I hold both PTTPX and PMJIX in my portfolio?

PTTPX and PMJIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTTPX or PMJIX?

PMJIX has higher volatility (5.13%) compared to PTTPX (1.81%). In terms of maximum drawdown, PTTPX dropped -19.36% vs PMJIX's -49.75%.

Which has better risk-adjusted returns?

PMJIX currently has the higher Sharpe Ratio (2.24 vs 1.57), 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.