PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

PIMCO Access Income Fund (PAXS) Sharpe Ratio: 0.56

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

A closed-end fund that seeks current income as its primary objective and capital appreciation as secondary, using a dynamic asset allocation strategy among multiple sectors in the global public and private credit markets, including corporate debt, mortgage-related instruments, government debt, and floating-rate securities.

PAXS's Sharpe Ratio of 0.56 indicates that for each unit of volatility, it generates 0.56 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PAXS Sharpe Ratio Rank

PAXS Sharpe Ratio Rank: 7.07
Concerning

PAXS ranks above 7.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

PAXS Sharpe Ratio Market Positioning

The chart shows PAXS's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.43 or lower
  • Yellow zone (middle 50%): 1.43 to 2.52
  • Green zone (top 25%): 2.52 or higher
  • Top 1%: 4.68+
  • Median: 2.08 — half of all investments score higher

How it compares to other similar mutual funds

The table compares PIMCO Access Income Fund's Sharpe Ratio with other mutual funds in the Multisector Bonds category across multiple time periods, showing how PAXS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NWXHXNationwide Amundi Strategic Income Fund6.26
NWXEXNationwide Strategic Income A5.72
BWDTXBoyd Watterson Limited Duration Enhanced Income Fund4.78
ICMUXIntrepid Income Fund4.44
CBLDXCrossingBridge Low Duration High Yield Fund3.81
ESIIXEaton Vance Strategic Income Fund Class I3.61
RFXIXRational Special Situations Income Fund3.61
ETSIXEaton Vance Strategic Income Fund Class I3.59
RGCYXRussell Investments Opportunistic Credit Fund3.42
MZLSXMuzinich Low Duration Fund3.32
PAXSPIMCO Access Income Fund0.56

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PAXS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PAXS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does PAXS fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio