DBND vs. PONAX
Compare and contrast key facts about DoubleLine Opportunistic Bond ETF (DBND) and PIMCO Income Fund Class A (PONAX).
DBND is a passively managed fund by DoubleLine that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Mar 31, 2022. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
DBND vs. PONAX - Performance Comparison
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DBND vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.49% | 7.41% | 3.06% | 6.33% | -5.93% |
PONAX PIMCO Income Fund Class A | -1.42% | 10.63% | 5.02% | 8.96% | -4.59% |
Returns By Period
In the year-to-date period, DBND achieves a -0.49% return, which is significantly higher than PONAX's -1.42% return.
DBND
- 1D
- 0.33%
- 1M
- -2.07%
- YTD
- -0.49%
- 6M
- 0.76%
- 1Y
- 4.02%
- 3Y*
- 4.30%
- 5Y*
- —
- 10Y*
- —
PONAX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.42%
- 6M
- 0.98%
- 1Y
- 5.68%
- 3Y*
- 6.79%
- 5Y*
- 3.00%
- 10Y*
- 4.25%
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DBND vs. PONAX - Expense Ratio Comparison
DBND has a 0.50% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
DBND vs. PONAX — Risk / Return Rank
DBND
PONAX
DBND vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) 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.
| DBND | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.48 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.54 | 2.11 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.76 | -0.24 |
Martin ratioReturn relative to average drawdown | 4.82 | 7.07 | -2.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBND | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.48 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.47 | -0.99 |
Correlation
The correlation between DBND 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.
Dividends
DBND vs. PONAX - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.77%, less than PONAX's 5.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | 4.77% | 4.78% | 5.19% | 4.39% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.20% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
DBND vs. PONAX - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum PONAX drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for DBND and PONAX.
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Drawdown Indicators
| DBND | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -13.64% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -3.69% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.64% | — |
Current DrawdownCurrent decline from peak | -2.07% | -3.24% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -1.80% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.92% | -0.04% |
Volatility
DBND vs. PONAX - Volatility Comparison
The current volatility for DoubleLine Opportunistic Bond ETF (DBND) is 1.46%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.88%. This indicates that DBND 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.
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Volatility by Period
| DBND | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.88% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 2.61% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.24% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 4.72% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 4.16% | +0.99% |