PVQNX vs. PIMIX
PVQNX (PIMCO RealPath Blend 2045 Fund) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PVQNX is a Target Retirement Date fund managed by PIMCO, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PVQNX returned 11.01%/yr vs 4.68%/yr for PIMIX. At a 0.42 correlation, their price movements are largely independent. PVQNX charges 0.06%/yr vs 0.54%/yr for PIMIX.
Performance
PVQNX vs. PIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PVQNX achieves a 10.56% return, which is significantly higher than PIMIX's 1.54% return. Over the past 10 years, PVQNX has outperformed PIMIX with an annualized return of 11.01%, while PIMIX has yielded a comparatively lower 4.68% annualized return.
PVQNX
- 1D
- 0.46%
- 1M
- -0.60%
- 6M
- 10.56%
- YTD
- 10.56%
- 1Y
- 21.32%
- 3Y*
- 16.85%
- 5Y*
- 9.20%
- 10Y*
- 11.01%
PIMIX
- 1D
- 0.07%
- 1M
- 0.72%
- 6M
- 1.54%
- YTD
- 1.54%
- 1Y
- 6.80%
- 3Y*
- 7.80%
- 5Y*
- 3.59%
- 10Y*
- 4.68%
PVQNX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVQNX PIMCO RealPath Blend 2045 Fund | 10.56% | 19.82% | 13.19% | 19.01% | -17.27% | 17.71% | 13.93% | 24.43% | -7.44% | 19.64% |
PIMIX PIMCO Income Fund Institutional Class | 1.54% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between PVQNX and PIMIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.42 |
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Return for Risk
PVQNX vs. PIMIX — Risk / Return Rank
PVQNX
PIMIX
PVQNX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2045 Fund (PVQNX) 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.
| PVQNX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.86 | +0.76 |
| Martin ratioReturn relative to average drawdown | 11.32 | 6.23 | +5.09 |
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Drawdowns
PVQNX vs. PIMIX - Drawdown Comparison
The maximum PVQNX drawdown since its inception was -30.68%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PVQNX and PIMIX.
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Drawdown Indicators
| PVQNX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -13.39% | -17.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -3.69% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -3.84% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -13.34% | -11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -13.39% | -17.29% |
Current DrawdownCurrent decline from peak | -0.95% | -0.40% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -1.69% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.10% | +0.80% |
Volatility
PVQNX vs. PIMIX - Volatility Comparison
PIMCO RealPath Blend 2045 Fund (PVQNX) has a higher volatility of 4.65% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.23%. This indicates that PVQNX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVQNX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 1.23% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 3.42% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 4.16% | +6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 4.87% | +8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 4.25% | +9.98% |
PVQNX vs. PIMIX - Expense Ratio Comparison
PVQNX has a 0.06% expense ratio, which is lower than PIMIX's 0.54% expense ratio.
Dividends
PVQNX vs. PIMIX - Dividend Comparison
PVQNX's dividend yield for the trailing twelve months is around 4.75%, less than PIMIX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 5.76% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
PVQNX PIMCO RealPath Blend 2045 Fund | 4.75% | 4.23% | 4.22% | 2.37% | 2.62% | 5.08% | 1.41% | 3.82% | 6.65% | 2.10% | 2.43% | 2.18% |
Frequently Asked Questions
PVQNX and PIMIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PVQNX has higher volatility (4.65%) compared to PIMIX (1.23%). In terms of maximum drawdown, PVQNX dropped -30.68% vs PIMIX's -13.39%.
PVQNX currently has the higher Sharpe Ratio (1.95 vs 1.67), 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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