BWG vs. PLSRX

Last updated Jun 5, 2026

BWG (BrandywineGLOBAL Global Income Opportunities Fund) and PLSRX (Pacific Funds Strategic Income) are both Multisector Bonds funds. Over the past 10 years, BWG returned 4.99%/yr vs 4.97%/yr for PLSRX. At a 0.41 correlation, their price movements are largely independent. BWG charges 2.66%/yr vs 0.64%/yr for PLSRX.

Performance

BWG vs. PLSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL Global Income Opportunities Fund (BWG) and Pacific Funds Strategic Income (PLSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWG achieves a -0.60% return, which is significantly lower than PLSRX's 0.99% return. Both investments have delivered pretty close results over the past 10 years, with BWG having a 4.99% annualized return and PLSRX not far behind at 4.97%.

BWG

• 1D: -0.13%
• 1M: 0.02%
• YTD: -0.60%
• 6M: -1.54%
• 1Y: 9.90%
• 3Y*: 13.55%
• 5Y*: 1.85%
• 10Y*: 4.99%

PLSRX

• 1D: -0.19%
• 1M: 0.18%
• YTD: 0.99%
• 6M: 1.34%
• 1Y: 5.82%
• 3Y*: 7.10%
• 5Y*: 3.26%
• 10Y*: 4.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BWG vs. PLSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWG BrandywineGLOBAL Global Income Opportunities Fund	-0.60%	17.38%	7.31%	15.94%	-21.53%	1.34%	6.30%	30.59%	-12.14%	17.16%
PLSRX Pacific Funds Strategic Income	0.99%	7.40%	6.04%	11.24%	-9.67%	3.61%	9.82%	13.65%	-2.64%	6.85%

Correlation

The correlation between BWG and PLSRX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012	0.41

Return for Risk

BWG vs. PLSRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWG

BWG Risk / Return Rank: 12
BWG Sharpe Ratio Rank: 14
BWG Sortino Ratio Rank: 15
BWG Omega Ratio Rank: 13
BWG Calmar Ratio Rank: 9
BWG Martin Ratio Rank: 10

PLSRX

PLSRX Risk / Return Rank: 67
PLSRX Sharpe Ratio Rank: 65
PLSRX Sortino Ratio Rank: 73
PLSRX Omega Ratio Rank: 72
PLSRX Calmar Ratio Rank: 58
PLSRX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BWG vs. PLSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL Global Income Opportunities Fund (BWG) and Pacific Funds Strategic Income (PLSRX). 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.

	BWG	PLSRX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.32	-1.36
Sortino ratio: Return per unit of downside risk	1.50	3.52	-2.03
Omega ratio: Gain probability vs. loss probability	1.18	1.47	-0.29
Calmar ratio: Return relative to maximum drawdown	0.83	2.87	-2.05
Martin ratio: Return relative to average drawdown	2.64	12.90	-10.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWG vs. PLSRX - Sharpe Ratio Comparison

The current BWG Sharpe Ratio is 0.96, which is lower than the PLSRX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of BWG and PLSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BWG	PLSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	2.32	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.82	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	1.12	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.35	-1.14

Drawdowns

BWG vs. PLSRX - Drawdown Comparison

The maximum BWG drawdown since its inception was -35.39%, which is greater than PLSRX's maximum drawdown of -19.88%. Use the drawdown chart below to compare losses from any high point for BWG and PLSRX.

Drawdown Indicators

	BWG	PLSRX	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-19.88%	-15.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.03%	-2.14%	-9.89%
Max Drawdown (3Y) Largest decline over 3 years	-14.00%	-3.29%	-10.71%
Max Drawdown (5Y) Largest decline over 5 years	-34.10%	-13.71%	-20.39%
Max Drawdown (10Y) Largest decline over 10 years	-34.27%	-19.88%	-14.39%
Current Drawdown Current decline from peak	-4.72%	-0.29%	-4.43%
Average Drawdown Average peak-to-trough decline	-10.85%	-1.74%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	0.48%	+3.28%

Volatility

BWG vs. PLSRX - Volatility Comparison

BrandywineGLOBAL Global Income Opportunities Fund (BWG) has a higher volatility of 2.61% compared to Pacific Funds Strategic Income (PLSRX) at 1.10%. This indicates that BWG's price experiences larger fluctuations and is considered to be riskier than PLSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWG	PLSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	1.10%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	8.52%	2.09%	+6.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.35%	2.65%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	4.01%	+10.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	4.46%	+10.55%

BWG vs. PLSRX - Expense Ratio Comparison

BWG has a 2.66% expense ratio, which is higher than PLSRX's 0.64% expense ratio.

Dividends

BWG vs. PLSRX - Dividend Comparison

BWG's dividend yield for the trailing twelve months is around 12.12%, more than PLSRX's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWG BrandywineGLOBAL Global Income Opportunities Fund	12.12%	11.47%	12.00%	11.73%	13.25%	8.20%	6.81%	6.55%	8.70%	8.35%	10.31%	16.41%
PLSRX Pacific Funds Strategic Income	5.62%	5.67%	5.97%	5.17%	4.73%	4.10%	3.84%	4.32%	4.74%	3.87%	4.14%	4.71%

Frequently Asked Questions

Can I hold both BWG and PLSRX in my portfolio?

BWG and PLSRX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWG or PLSRX?

BWG has higher volatility (2.61%) compared to PLSRX (1.10%). In terms of maximum drawdown, BWG dropped -35.39% vs PLSRX's -19.88%.

Which has better risk-adjusted returns?

PLSRX currently has the higher Sharpe Ratio (2.32 vs 0.96), 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.