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MWESX vs. PONAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MWESX and PONAX is 0.82, 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.


-0.50.00.51.00.8

Performance

MWESX vs. PONAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MetWest ESG Securitized Fund (MWESX) and PIMCO Income Fund Class A (PONAX). The values are adjusted to include any dividend payments, if applicable.

-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
-1.62%
4.05%
MWESX
PONAX

Key characteristics

Sharpe Ratio

MWESX:

1.29

PONAX:

1.15

Sortino Ratio

MWESX:

1.90

PONAX:

1.67

Omega Ratio

MWESX:

1.24

PONAX:

1.21

Calmar Ratio

MWESX:

0.78

PONAX:

2.00

Martin Ratio

MWESX:

5.05

PONAX:

4.83

Ulcer Index

MWESX:

1.78%

PONAX:

0.98%

Daily Std Dev

MWESX:

6.98%

PONAX:

4.09%

Max Drawdown

MWESX:

-18.88%

PONAX:

-13.42%

Current Drawdown

MWESX:

-3.37%

PONAX:

-2.30%

Returns By Period

In the year-to-date period, MWESX achieves a 8.06% return, which is significantly higher than PONAX's 3.91% return.


MWESX

YTD

8.06%

1M

0.00%

6M

3.65%

1Y

8.97%

5Y*

N/A

10Y*

N/A

PONAX

YTD

3.91%

1M

-0.47%

6M

2.17%

1Y

4.62%

5Y*

2.46%

10Y*

3.80%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MWESX vs. PONAX - Expense Ratio Comparison

MWESX has a 0.49% expense ratio, which is lower than PONAX's 1.02% expense ratio.


PONAX
PIMCO Income Fund Class A
Expense ratio chart for PONAX: current value at 1.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.02%
Expense ratio chart for MWESX: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Risk-Adjusted Performance

MWESX vs. PONAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MetWest ESG Securitized Fund (MWESX) 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.


Sharpe ratio
The chart of Sharpe ratio for MWESX, currently valued at 1.29, compared to the broader market-1.000.001.002.003.004.001.291.15
The chart of Sortino ratio for MWESX, currently valued at 1.90, compared to the broader market-2.000.002.004.006.008.0010.001.901.67
The chart of Omega ratio for MWESX, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.003.501.241.21
The chart of Calmar ratio for MWESX, currently valued at 0.78, compared to the broader market0.002.004.006.008.0010.0012.0014.000.782.00
The chart of Martin ratio for MWESX, currently valued at 5.05, compared to the broader market0.0020.0040.0060.005.054.83
MWESX
PONAX

The current MWESX Sharpe Ratio is 1.29, which is comparable to the PONAX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of MWESX and PONAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.29
1.15
MWESX
PONAX

Dividends

MWESX vs. PONAX - Dividend Comparison

MWESX's dividend yield for the trailing twelve months is around 7.49%, more than PONAX's 5.39% yield.


TTM20232022202120202019201820172016201520142013
MWESX
MetWest ESG Securitized Fund
7.49%4.37%2.66%0.15%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

MWESX vs. PONAX - Drawdown Comparison

The maximum MWESX drawdown since its inception was -18.88%, which is greater than PONAX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for MWESX and PONAX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.37%
-2.30%
MWESX
PONAX

Volatility

MWESX vs. PONAX - Volatility Comparison

MetWest ESG Securitized Fund (MWESX) has a higher volatility of 1.88% compared to PIMCO Income Fund Class A (PONAX) at 1.02%. This indicates that MWESX's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.88%
1.02%
MWESX
PONAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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