LAPLX vs. PONAX
LAPLX (Lord Abbett Core Plus Bond Fund) and PONAX (PIMCO Income Fund Class A) are both mutual funds - LAPLX is a Intermediate Core-Plus Bond fund managed by Lord Abbett, while PONAX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, LAPLX returned 1.85%/yr vs 4.31%/yr for PONAX. A 0.73 correlation means they provide meaningful diversification when combined. LAPLX charges 0.68%/yr vs 0.94%/yr for PONAX.
Performance
LAPLX vs. PONAX - Performance Comparison
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Returns By Period
In the year-to-date period, LAPLX achieves a 0.34% return, which is significantly lower than PONAX's 0.55% return. Over the past 10 years, LAPLX has underperformed PONAX with an annualized return of 1.85%, while PONAX has yielded a comparatively higher 4.31% annualized return.
LAPLX
- 1D
- 0.16%
- 1M
- 0.89%
- YTD
- 0.34%
- 6M
- 0.74%
- 1Y
- 5.22%
- 3Y*
- 4.75%
- 5Y*
- 0.07%
- 10Y*
- 1.85%
PONAX
- 1D
- -0.28%
- 1M
- 0.88%
- YTD
- 0.55%
- 6M
- 1.11%
- 1Y
- 6.85%
- 3Y*
- 7.17%
- 5Y*
- 3.10%
- 10Y*
- 4.31%
LAPLX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | 0.34% | 7.42% | 2.49% | 6.12% | -14.77% | 0.13% | 7.23% | 9.88% | -0.90% | 3.81% |
PONAX PIMCO Income Fund Class A | 0.55% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Correlation
The correlation between LAPLX and PONAX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.73 |
The correlation between LAPLX and PONAX shifts across timeframes, from 0.73 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LAPLX vs. PONAX — Risk / Return Rank
LAPLX
PONAX
LAPLX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPLX) 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.
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.
| LAPLX | PONAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.95 | -0.32 |
| Martin ratioReturn relative to average drawdown | 4.89 | 6.46 | -1.57 |
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Drawdowns
LAPLX vs. PONAX - Drawdown Comparison
The maximum LAPLX drawdown since its inception was -19.06%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for LAPLX and PONAX.
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Drawdown Indicators
| LAPLX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.06% | -13.64% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -3.69% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.46% | -3.90% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -13.64% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -19.06% | -13.64% | -5.42% |
Current DrawdownCurrent decline from peak | -1.38% | -1.31% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -1.79% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.11% | -0.04% |
Volatility
LAPLX vs. PONAX - Volatility Comparison
The current volatility for Lord Abbett Core Plus Bond Fund (LAPLX) is 1.15%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.33%. This indicates that LAPLX 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
| LAPLX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.33% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 3.38% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 4.14% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 4.83% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 4.22% | +0.41% |
LAPLX vs. PONAX - Expense Ratio Comparison
LAPLX has a 0.68% expense ratio, which is lower than PONAX's 0.94% expense ratio.
Dividends
LAPLX vs. PONAX - Dividend Comparison
LAPLX's dividend yield for the trailing twelve months is around 4.99%, less than PONAX's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAPLX Lord Abbett Core Plus Bond Fund | 4.99% | 5.01% | 4.43% | 4.15% | 2.79% | 2.26% | 4.27% | 3.79% | 3.94% | 2.41% | 0.65% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.44% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Frequently Asked Questions
With a correlation of 0.92, LAPLX and PONAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PONAX has higher volatility (1.33%) compared to LAPLX (1.15%). In terms of maximum drawdown, LAPLX dropped -19.06% vs PONAX's -13.64%.
PONAX currently has the higher Sharpe Ratio (1.74 vs 1.35), 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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