PIMCO Mortgage-Backed Securities Active… (PMBS) Performance
PMBS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.1% since Dec 31, 2025
- 1 year
- −1.3% total return
- Since first price
- +3.8% since 2024
PMBS trailing returns vs AGG, TLT, SPY
| Period | PMBS total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.9% | −3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −3.3% | −5.4% | −1.5% | −3.8% | +7.8% |
| YTD | −2.1% | −5.4% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.3% | −5.9% | −1.1% | −6.9% | +14.4% |
| Since inceptionSep 23, 2024 | +3.8% | −6.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PMBS vs AGG
From Sep 23, 2024: PMBS grew to $10,375, AGG to $10,269.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PMBS returns by calendar year
1 of 1 full years positive. Best 2025 (+8.9%), worst 2025 (+8.9%). 2026 is year to date.
PMBS annual returns table
| Year | PMBS | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −2.1% | −6.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.9% | −3.0% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PMBS largest drawdowns
Now 4.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −6.7% | Oct 5, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
PMBS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +0.9% |
| Volatility (annualized) | 5.4% |
| Sharpe ratio | -0.53 |
| Sortino ratio | -0.62 |
| Best month | +2.6% |
| Worst month | −4.2% |
| Best 12 months | +9.2% |
| Worst 12 months | −2.3% |
| Positive months | 71% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PMBS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | −2.3% | +6.4% | +9.2% | 86% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
PMBS performance overview
PIMCO Mortgage-Backed Securities Active… (PMBS) returned −1.3% over the past year, with distributions reinvested. Since its first recorded price on Sep 23, 2024 it has returned +3.8%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.7%, from Feb 27, 2026 to Oct 5, 2026; the fund has not yet regained that high. Volatility has been 5.4% a year.
Related: PMBS chart, PMBS dividends, PMBS bond profile. See the PMBS overview for the latest quote and fund facts.
PMBS performance FAQ
What is the PMBS return over the past year?
PMBS returned −1.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.9%.
How much would $10,000 invested in PMBS be worth?
$10,000 invested in PMBS at its first recorded close on September 23, 2024 would be worth about $10,375 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PMBS?
The largest peak-to-trough decline was −6.7% between February 27, 2026 and October 5, 2026. It has not yet recovered to that high; it is 4.4% below its peak.
How volatile is PMBS?
Over the past history PMBS had an annualized volatility of 5.4% and a Sharpe ratio of -0.53 (excess return over 1–3 month T-bills per unit of risk).