TUIFX vs. PMZIX
TUIFX (Toews Unconstrained Income Fund) and PMZIX (PIMCO Mortgage Opportunities and Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, TUIFX returned 1.87%/yr vs 3.52%/yr for PMZIX. At a 0.39 correlation, their price movements are largely independent. TUIFX charges 1.25%/yr vs 0.60%/yr for PMZIX.
Performance
TUIFX vs. PMZIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUIFX achieves a 0.49% return, which is significantly higher than PMZIX's 0.39% return. Over the past 10 years, TUIFX has underperformed PMZIX with an annualized return of 1.87%, while PMZIX has yielded a comparatively higher 3.52% annualized return.
TUIFX
- 1D
- -0.11%
- 1M
- 0.23%
- YTD
- 0.49%
- 6M
- 0.60%
- 1Y
- 2.98%
- 3Y*
- 4.11%
- 5Y*
- 1.26%
- 10Y*
- 1.87%
PMZIX
- 1D
- -0.22%
- 1M
- 0.35%
- YTD
- 0.39%
- 6M
- 0.87%
- 1Y
- 5.08%
- 3Y*
- 6.25%
- 5Y*
- 2.85%
- 10Y*
- 3.52%
TUIFX vs. PMZIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TUIFX Toews Unconstrained Income Fund | 0.49% | 3.55% | 4.53% | 3.08% | -4.36% | -0.20% | 2.58% | 6.97% | -2.82% | 2.10% |
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 0.39% | 8.50% | 5.74% | 7.03% | -8.00% | 2.42% | 5.44% | 5.04% | 1.55% | 5.50% |
Correlation
The correlation between TUIFX and PMZIX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.39 |
Over the past year, TUIFX and PMZIX have become more correlated (0.62) than their long-term average of 0.39, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TUIFX vs. PMZIX — Risk / Return Rank
TUIFX
PMZIX
TUIFX vs. PMZIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Unconstrained Income Fund (TUIFX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX). 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.
| TUIFX | PMZIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.21 | +1.36 |
| Martin ratioReturn relative to average drawdown | 8.04 | 7.76 | +0.27 |
Loading charts...
Drawdowns
TUIFX vs. PMZIX - Drawdown Comparison
The maximum TUIFX drawdown since its inception was -7.37%, smaller than the maximum PMZIX drawdown of -10.44%. Use the drawdown chart below to compare losses from any high point for TUIFX and PMZIX.
Loading charts...
Drawdown Indicators
| TUIFX | PMZIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.37% | -10.44% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -2.42% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -1.64% | -3.53% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -7.37% | -10.44% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -7.37% | -10.44% | +3.07% |
Current DrawdownCurrent decline from peak | -0.37% | -1.20% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.18% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.69% | -0.30% |
Volatility
TUIFX vs. PMZIX - Volatility Comparison
The current volatility for Toews Unconstrained Income Fund (TUIFX) is 0.74%, while PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a volatility of 1.18%. This indicates that TUIFX experiences smaller price fluctuations and is considered to be less risky than PMZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUIFX | PMZIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.18% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 2.54% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 3.37% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 3.87% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 3.24% | -0.55% |
TUIFX vs. PMZIX - Expense Ratio Comparison
TUIFX has a 1.25% expense ratio, which is higher than PMZIX's 0.60% expense ratio.
Dividends
TUIFX vs. PMZIX - Dividend Comparison
TUIFX's dividend yield for the trailing twelve months is around 3.97%, less than PMZIX's 5.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 5.56% | 5.84% | 7.59% | 6.74% | 5.87% | 3.99% | 3.96% | 4.38% | 4.34% | 3.62% | 5.24% | 4.08% |
TUIFX Toews Unconstrained Income Fund | 3.97% | 4.17% | 4.68% | 4.09% | 1.05% | 2.13% | 1.33% | 2.44% | 2.05% | 4.34% | 2.29% | 1.19% |
Frequently Asked Questions
TUIFX and PMZIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMZIX has higher volatility (1.18%) compared to TUIFX (0.74%). In terms of maximum drawdown, TUIFX dropped -7.37% vs PMZIX's -10.44%.
PMZIX currently has the higher Sharpe Ratio (1.59 vs 1.46), 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.
Find the right allocation for TUIFX and PMZIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer