HCYAX vs. PASAX
HCYAX (Hilton Tactical Income Fund) and PASAX (PIMCO All Asset Fund Class A) are both Tactical Allocation funds. Over the past 10 years, HCYAX returned 5.34%/yr vs 6.62%/yr for PASAX. A 0.62 correlation means they provide meaningful diversification when combined. HCYAX charges 1.12%/yr vs 2.24%/yr for PASAX.
Performance
HCYAX vs. PASAX - Performance Comparison
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Returns By Period
In the year-to-date period, HCYAX achieves a 2.36% return, which is significantly lower than PASAX's 8.43% return. Over the past 10 years, HCYAX has underperformed PASAX with an annualized return of 5.34%, while PASAX has yielded a comparatively higher 6.62% annualized return.
HCYAX
- 1D
- -0.05%
- 1M
- 0.17%
- YTD
- 2.36%
- 6M
- 2.13%
- 1Y
- 9.15%
- 3Y*
- 8.64%
- 5Y*
- 4.39%
- 10Y*
- 5.34%
PASAX
- 1D
- 0.00%
- 1M
- 0.24%
- YTD
- 8.43%
- 6M
- 8.66%
- 1Y
- 17.67%
- 3Y*
- 9.73%
- 5Y*
- 4.28%
- 10Y*
- 6.62%
HCYAX vs. PASAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCYAX Hilton Tactical Income Fund | 2.36% | 8.41% | 10.12% | 6.81% | -10.88% | 15.51% | -1.78% | 15.34% | -2.96% | 8.06% |
PASAX PIMCO All Asset Fund Class A | 8.43% | 12.85% | 3.66% | 7.66% | -11.90% | 15.14% | 7.93% | 11.72% | -5.47% | 13.50% |
Correlation
The correlation between HCYAX and PASAX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.62 |
The correlation between HCYAX and PASAX shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HCYAX vs. PASAX — Risk / Return Rank
HCYAX
PASAX
HCYAX vs. PASAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hilton Tactical Income Fund (HCYAX) and PIMCO All Asset Fund Class A (PASAX). 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.
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.
| HCYAX | PASAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.56 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.70 | -1.79 |
| Martin ratioReturn relative to average drawdown | 7.77 | 14.66 | -6.89 |
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Drawdowns
HCYAX vs. PASAX - Drawdown Comparison
The maximum HCYAX drawdown since its inception was -25.70%, smaller than the maximum PASAX drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for HCYAX and PASAX.
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Drawdown Indicators
| HCYAX | PASAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -27.81% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -4.88% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -7.65% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | -20.00% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -25.70% | -22.70% | -3.00% |
Current DrawdownCurrent decline from peak | -0.32% | -0.90% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.08% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.23% | +0.03% |
Volatility
HCYAX vs. PASAX - Volatility Comparison
Hilton Tactical Income Fund (HCYAX) and PIMCO All Asset Fund Class A (PASAX) have volatilities of 1.97% and 1.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCYAX | PASAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.94% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 4.77% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 6.06% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 7.74% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 7.75% | +0.37% |
HCYAX vs. PASAX - Expense Ratio Comparison
HCYAX has a 1.12% expense ratio, which is lower than PASAX's 2.24% expense ratio.
Dividends
HCYAX vs. PASAX - Dividend Comparison
HCYAX's dividend yield for the trailing twelve months is around 6.41%, less than PASAX's 7.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCYAX Hilton Tactical Income Fund | 6.41% | 6.26% | 3.22% | 2.81% | 2.77% | 2.40% | 3.26% | 2.64% | 3.98% | 2.54% | 3.63% | 4.28% |
PASAX PIMCO All Asset Fund Class A | 7.73% | 6.80% | 5.47% | 2.81% | 7.19% | 11.47% | 3.18% | 2.90% | 5.02% | 4.07% | 3.12% | 3.36% |
Frequently Asked Questions
HCYAX and PASAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCYAX has higher volatility (1.97%) compared to PASAX (1.94%). In terms of maximum drawdown, HCYAX dropped -25.70% vs PASAX's -27.81%.
PASAX currently has the higher Sharpe Ratio (2.98 vs 1.76), 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.
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