PUCZX vs. PIMIX
PUCZX (PGIM Strategic Bond Fund Class Z) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PUCZX is a Total Bond Market fund managed by Prudential, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PUCZX returned 4.30%/yr vs 4.72%/yr for PIMIX. A 0.76 correlation means they provide meaningful diversification when combined. PUCZX charges 0.62%/yr vs 0.54%/yr for PIMIX.
Performance
PUCZX vs. PIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PUCZX achieves a 0.83% return, which is significantly lower than PIMIX's 1.00% return. Over the past 10 years, PUCZX has underperformed PIMIX with an annualized return of 4.30%, while PIMIX has yielded a comparatively higher 4.72% annualized return.
PUCZX
- 1D
- 0.12%
- 1M
- 0.91%
- YTD
- 0.83%
- 6M
- 1.38%
- 1Y
- 6.25%
- 3Y*
- 7.25%
- 5Y*
- 1.75%
- 10Y*
- 4.30%
PIMIX
- 1D
- 0.09%
- 1M
- 1.19%
- YTD
- 1.00%
- 6M
- 1.60%
- 1Y
- 7.88%
- 3Y*
- 7.73%
- 5Y*
- 3.58%
- 10Y*
- 4.72%
PUCZX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUCZX PGIM Strategic Bond Fund Class Z | 0.83% | 8.47% | 6.46% | 8.20% | -13.74% | 0.05% | 6.28% | 14.89% | 1.09% | 7.48% |
PIMIX PIMCO Income Fund Institutional Class | 1.00% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between PUCZX and PIMIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.76 |
The correlation between PUCZX and PIMIX shifts across timeframes, from 0.76 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PUCZX vs. PIMIX — Risk / Return Rank
PUCZX
PIMIX
PUCZX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Strategic Bond Fund Class Z (PUCZX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
| PUCZX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.15 | -0.09 |
| Martin ratioReturn relative to average drawdown | 7.30 | 7.27 | +0.03 |
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Drawdowns
PUCZX vs. PIMIX - Drawdown Comparison
The maximum PUCZX drawdown since its inception was -18.60%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PUCZX and PIMIX.
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Drawdown Indicators
| PUCZX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -13.39% | -5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.69% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -3.84% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -13.34% | -5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -18.60% | -13.39% | -5.21% |
Current DrawdownCurrent decline from peak | -0.91% | -0.93% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -1.69% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.09% | -0.21% |
Volatility
PUCZX vs. PIMIX - Volatility Comparison
PGIM Strategic Bond Fund Class Z (PUCZX) and PIMCO Income Fund Institutional Class (PIMIX) have volatilities of 1.45% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUCZX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.42% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 3.39% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.17% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 4.86% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 4.26% | +0.45% |
PUCZX vs. PIMIX - Expense Ratio Comparison
PUCZX has a 0.62% expense ratio, which is higher than PIMIX's 0.54% expense ratio.
Dividends
PUCZX vs. PIMIX - Dividend Comparison
PUCZX's dividend yield for the trailing twelve months is around 5.14%, less than PIMIX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 5.83% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
PUCZX PGIM Strategic Bond Fund Class Z | 5.14% | 5.12% | 6.40% | 7.62% | 5.17% | 3.65% | 5.06% | 8.81% | 4.56% | 4.52% | 6.49% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, PUCZX and PIMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PUCZX has higher volatility (1.45%) compared to PIMIX (1.42%). In terms of maximum drawdown, PUCZX dropped -18.60% vs PIMIX's -13.39%.
PIMIX currently has the higher Sharpe Ratio (1.91 vs 1.73), 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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