BINC vs. PONAX
Compare and contrast key facts about BlackRock Flexible Income ETF (BINC) and PIMCO Income Fund Class A (PONAX).
BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BINC or PONAX.
Correlation
The correlation between BINC and PONAX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BINC vs. PONAX - Performance Comparison
Key characteristics
BINC:
2.24
PONAX:
1.13
BINC:
3.19
PONAX:
1.64
BINC:
1.44
PONAX:
1.21
BINC:
4.71
PONAX:
1.96
BINC:
13.49
PONAX:
4.68
BINC:
0.44%
PONAX:
0.99%
BINC:
2.67%
PONAX:
4.10%
BINC:
-1.95%
PONAX:
-13.42%
BINC:
-0.68%
PONAX:
-2.30%
Returns By Period
In the year-to-date period, BINC achieves a 5.64% return, which is significantly higher than PONAX's 3.91% return.
BINC
5.64%
0.26%
3.60%
6.07%
N/A
N/A
PONAX
3.91%
-0.57%
2.17%
4.52%
2.40%
3.80%
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BINC vs. PONAX - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Risk-Adjusted Performance
BINC vs. PONAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Flexible Income ETF (BINC) and PIMCO Income Fund Class A (PONAX). 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.
Dividends
BINC vs. PONAX - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 6.14%, more than PONAX's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC BlackRock Flexible Income ETF | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.39% | 5.87% | 5.96% | 3.62% | 4.49% | 5.47% | 5.24% | 4.95% | 5.17% | 7.33% | 5.89% | 5.09% |
Drawdowns
BINC vs. PONAX - Drawdown Comparison
The maximum BINC drawdown since its inception was -1.95%, smaller than the maximum PONAX drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for BINC and PONAX. For additional features, visit the drawdowns tool.
Volatility
BINC vs. PONAX - Volatility Comparison
The current volatility for BlackRock Flexible Income ETF (BINC) is 0.76%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.01%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.