STOT vs. PIMIX

Last updated Jun 24, 2026

STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) and PIMIX (PIMCO Income Fund Institutional Class) are both funds - STOT is a Short-Term Bond fund tracking the Bloomberg U.S. Aggregate 1-3 Year Index, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. STOT is passively managed, while PIMIX is actively managed. Over the past 10 years, STOT returned 2.43%/yr vs 4.72%/yr for PIMIX. At a 0.39 correlation, their price movements are largely independent. STOT charges 0.45%/yr vs 0.54%/yr for PIMIX.

Performance

STOT vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) and PIMCO Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STOT achieves a 1.08% return, which is significantly higher than PIMIX's 0.72% return. Over the past 10 years, STOT has underperformed PIMIX with an annualized return of 2.43%, while PIMIX has yielded a comparatively higher 4.72% annualized return.

STOT

• 1D: 0.02%
• 1M: 0.17%
• YTD: 1.08%
• 6M: 1.29%
• 1Y: 3.90%
• 3Y*: 5.23%
• 5Y*: 2.81%
• 10Y*: 2.43%

PIMIX

• 1D: -0.28%
• 1M: 0.91%
• YTD: 0.72%
• 6M: 1.32%
• 1Y: 7.28%
• 3Y*: 7.60%
• 5Y*: 3.49%
• 10Y*: 4.72%

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

STOT vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STOT State Street DoubleLine Short Duration Total Return Tactical ETF	1.08%	5.56%	5.26%	6.39%	-3.75%	0.27%	2.43%	4.40%	0.95%	1.71%
PIMIX PIMCO Income Fund Institutional Class	0.72%	11.08%	5.45%	9.36%	-9.07%	2.62%	5.84%	8.10%	0.63%	8.63%

Correlation

The correlation between STOT and PIMIX 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	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.39

Over the past year, STOT and PIMIX have become more correlated (0.69) than their long-term average of 0.39, meaning their price movements have been converging.

Return for Risk

STOT vs. PIMIX — Risk / Return Rank

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

STOT

STOT Risk / Return Rank: 94
STOT Sharpe Ratio Rank: 95
STOT Sortino Ratio Rank: 96
STOT Omega Ratio Rank: 95
STOT Calmar Ratio Rank: 90
STOT Martin Ratio Rank: 93

PIMIX

PIMIX Risk / Return Rank: 42
PIMIX Sharpe Ratio Rank: 45
PIMIX Sortino Ratio Rank: 50
PIMIX Omega Ratio Rank: 49
PIMIX Calmar Ratio Rank: 34
PIMIX Martin Ratio Rank: 33

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.

STOT vs. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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.

	STOT	PIMIX	Difference
Sharpe ratio: Return per unit of total volatility	3.48	1.83	+1.65
Sortino ratio: Return per unit of downside risk	5.31	2.73	+2.58
Omega ratio: Gain probability vs. loss probability	1.71	1.35	+0.36
Calmar ratio: Return relative to maximum drawdown	5.13	2.07	+3.06
Martin ratio: Return relative to average drawdown	22.23	6.98	+15.26

STOT vs. PIMIX - Sharpe Ratio Comparison

The current STOT Sharpe Ratio is 3.48, which is higher than the PIMIX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of STOT and PIMIX, 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

STOT vs. PIMIX - Drawdown Comparison

The maximum STOT drawdown since its inception was -6.07%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for STOT and PIMIX.

Drawdown Indicators

	STOT	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-6.07%	-13.39%	+7.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.76%	-3.69%	+2.93%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	-3.84%	+3.08%
Max Drawdown (5Y) Largest decline over 5 years	-6.07%	-13.34%	+7.27%
Max Drawdown (10Y) Largest decline over 10 years	-6.07%	-13.39%	+7.32%
Current Drawdown Current decline from peak	-0.12%	-1.21%	+1.09%
Average Drawdown Average peak-to-trough decline	-0.83%	-1.69%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	1.09%	-0.91%

Volatility

STOT vs. PIMIX - Volatility Comparison

The current volatility for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) is 0.37%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.34%. This indicates that STOT experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STOT	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	1.34%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	0.87%	3.41%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.13%	4.19%	-3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.73%	4.87%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.20%	4.26%	-2.06%

STOT vs. PIMIX - Expense Ratio Comparison

STOT has a 0.45% expense ratio, which is lower than PIMIX's 0.54% expense ratio.

Dividends

STOT vs. PIMIX - Dividend Comparison

STOT's dividend yield for the trailing twelve months is around 4.40%, less than PIMIX's 5.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIMIX PIMCO Income Fund Institutional Class	5.85%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%
STOT State Street DoubleLine Short Duration Total Return Tactical ETF	4.40%	4.52%	5.10%	4.53%	2.54%	1.76%	1.66%	2.61%	2.50%	1.95%	2.08%	0.00%

Frequently Asked Questions

Can I hold both STOT and PIMIX in my portfolio?

STOT and PIMIX 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, STOT or PIMIX?

PIMIX has higher volatility (1.34%) compared to STOT (0.37%). In terms of maximum drawdown, STOT dropped -6.07% vs PIMIX's -13.39%.

Which has better risk-adjusted returns?

STOT currently has the higher Sharpe Ratio (3.48 vs 1.83), 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.