PVQNX vs. PMJIX
PVQNX (PIMCO RealPath Blend 2045 Fund) and PMJIX (PIMCO RAE US Small Fund) are both mutual funds - PVQNX is a Target Retirement Date fund managed by PIMCO, while PMJIX is a Small Cap Value Equities fund managed by PIMCO. Over the past 10 years, PVQNX returned 11.01%/yr vs 13.93%/yr for PMJIX. A 0.78 correlation means they provide meaningful diversification when combined. PVQNX charges 0.06%/yr vs 0.50%/yr for PMJIX.
Performance
PVQNX vs. PMJIX - Performance Comparison
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Returns By Period
In the year-to-date period, PVQNX achieves a 10.56% return, which is significantly lower than PMJIX's 20.98% return. Over the past 10 years, PVQNX has underperformed PMJIX with an annualized return of 11.01%, while PMJIX has yielded a comparatively higher 13.93% 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%
PMJIX
- 1D
- -0.14%
- 1M
- 2.93%
- 6M
- 20.98%
- YTD
- 20.98%
- 1Y
- 32.64%
- 3Y*
- 20.96%
- 5Y*
- 11.18%
- 10Y*
- 13.93%
PVQNX vs. PMJIX - 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% |
PMJIX PIMCO RAE US Small Fund | 20.98% | 5.11% | 22.05% | 19.77% | -4.62% | 39.15% | 6.95% | 20.22% | -11.69% | 9.22% |
Correlation
The correlation between PVQNX and PMJIX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | 0.78 |
The correlation between PVQNX and PMJIX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
PVQNX vs. PMJIX — Risk / Return Rank
PVQNX
PMJIX
PVQNX vs. PMJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2045 Fund (PVQNX) 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.
| PVQNX | PMJIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 4.68 | -2.06 |
| Martin ratioReturn relative to average drawdown | 11.32 | 13.83 | -2.51 |
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Drawdowns
PVQNX vs. PMJIX - Drawdown Comparison
The maximum PVQNX drawdown since its inception was -30.68%, smaller than the maximum PMJIX drawdown of -49.75%. Use the drawdown chart below to compare losses from any high point for PVQNX and PMJIX.
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Drawdown Indicators
| PVQNX | PMJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -49.75% | +19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -7.62% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -26.04% | +12.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -49.75% | +24.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -49.75% | +19.07% |
Current DrawdownCurrent decline from peak | -0.95% | -0.50% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -16.12% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.57% | -0.67% |
Volatility
PVQNX vs. PMJIX - Volatility Comparison
PIMCO RealPath Blend 2045 Fund (PVQNX) and PIMCO RAE US Small Fund (PMJIX) have volatilities of 4.65% and 4.79%, 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
| PVQNX | PMJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.79% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 11.93% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 17.22% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 39.44% | -25.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 33.05% | -18.82% |
PVQNX vs. PMJIX - Expense Ratio Comparison
PVQNX has a 0.06% expense ratio, which is lower than PMJIX's 0.50% expense ratio.
Dividends
PVQNX vs. PMJIX - Dividend Comparison
PVQNX's dividend yield for the trailing twelve months is around 4.75%, more than PMJIX's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMJIX PIMCO RAE US Small Fund | 2.61% | 3.15% | 3.26% | 1.25% | 9.91% | 65.79% | 9.46% | 1.55% | 7.65% | 4.69% | 1.24% | 1.67% |
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 PMJIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMJIX has higher volatility (4.79%) compared to PVQNX (4.65%). In terms of maximum drawdown, PVQNX dropped -30.68% vs PMJIX's -49.75%.
PMJIX currently has the higher Sharpe Ratio (2.07 vs 1.95), 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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