- Issuer
- PIMCO
- Inception Date
- Jan 27, 2022
- Region
- Global (Global)
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PAXS Performance Chart
PIMCO Access Income Fund (PAXS) is down 0.7% since the beginning of the year. PAXS is currently trading at $14 per share.
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Returns By Period
PIMCO Access Income Fund (PAXS) has returned -0.71% so far this year and 1.79% over the past 12 months.
PIMCO Access Income Fund
- 1D
- -0.42%
- 1M
- -2.49%
- 6M
- -6.06%
- YTD
- -0.71%
- 1Y
- 1.79%
- 3Y*
- 10.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.45%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PAXS Monthly Returns History
Based on dividend-adjusted daily data since Jan 27, 2022, PAXS's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2023 with a return of +11.6%, while the worst month was Dec 2024 at -8.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PAXS closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Jun 13, 2022 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.69% | -2.14% | -6.28% | 3.57% | -1.15% | 1.77% | -1.68% | -0.71% | |||||
| 2025 | 6.66% | 1.55% | 0.01% | -3.37% | -1.24% | 1.61% | 3.94% | 4.40% | 2.11% | -0.94% | 1.32% | -3.64% | 12.58% |
| 2024 | 3.42% | 5.91% | 3.46% | -0.47% | 2.59% | 1.27% | -1.09% | 3.39% | 5.81% | -4.56% | 8.24% | -8.76% | 19.51% |
| 2023 | 6.56% | -0.97% | -2.02% | -2.19% | -1.34% | 6.14% | 2.04% | 1.21% | -6.08% | -5.10% | 11.64% | 0.42% | 9.30% |
| 2022 | 0.00% | -1.15% | -6.99% | 1.20% | -4.89% | -8.13% | 9.46% | -3.34% | -2.28% | 0.16% | 8.02% | -8.35% | -16.66% |
Benchmark Metrics
PIMCO Access Income Fund has an annualized alpha of -0.34%, beta of 0.46, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since January 27, 2022.
- This fund participated in 85.13% of S&P 500 Index downside but only 57.50% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.46 may look defensive, but with R2 of 0.21 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.21 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.34%
- Beta
- 0.46
- R²
- 0.21
- Upside Capture
- 57.50%
- Downside Capture
- 85.13%
Return for Risk
Risk / Return Rank
PAXS ranks 6 for risk / return — above 6% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for PIMCO Access Income Fund (PAXS) and compare them to S&P 500 Index.
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.
| PAXS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.00 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.49 | 8.49 | -8.00 |
Dividends
Dividend History
PIMCO Access Income Fund provided a 12.66% dividend yield over the last twelve months, with an annual payout of $1.79 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.79 | $1.79 | $1.79 | $1.79 | $1.97 |
Dividend yield | 12.66% | 11.72% | 11.76% | 12.54% | 13.30% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Access Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.05 | |||||
| 2025 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.79 |
| 2024 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.79 |
| 2023 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.79 |
| 2022 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.30 | $0.15 | $0.15 | $0.67 | $1.97 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Access Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO Access Income Fund was 22.28%, occurring on Jun 16, 2022. Recovery took 422 trading sessions.
The current PIMCO Access Income Fund drawdown is 6.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.28%Jun 2022 | 4mo 13d | 1y 8mo | 2y 19dFeb 2022 - Feb 2024 | Bear market2022 |
-12.92%Apr 2025 | 4mo 5d | 3mo 26d | 8mo 1dDec 2024 - Aug 2025 | 2025 selloff2025 |
-12.10%Mar 2026 | 1mo 22d | — | 6mo 1dFeb 2026 - now | — |
-8.44%Oct 2024 | 26d | 1mo 1d | 1mo 27dOct 2024 - Nov 2024 | — |
-8.16%Apr 2024 | 6d | 18d | 24dApr 2024 - May 2024 | — |
Drawdown Indicators
| PAXS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -56.78% | +34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -9.10% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -18.90% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.06% | -1.58% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -10.70% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.14% | +2.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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