PAXS vs. OMAH
PAXS (PIMCO Access Income Fund) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both funds - PAXS is a Multisector Bonds fund actively managed by PIMCO, while OMAH is a Derivative Income fund actively managed by VistaShares. Both are actively managed. Over the past year, PAXS returned 6.78% vs 11.44% for OMAH. At a 0.20 correlation, their price movements are largely independent.
Performance
PAXS vs. OMAH - Performance Comparison
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Returns By Period
In the year-to-date period, PAXS achieves a -0.83% return, which is significantly lower than OMAH's 4.56% return.
PAXS
- 1D
- -0.21%
- 1M
- -0.95%
- YTD
- -0.83%
- 6M
- -4.56%
- 1Y
- 6.78%
- 3Y*
- 12.27%
- 5Y*
- —
- 10Y*
- —
OMAH
- 1D
- -0.70%
- 1M
- 0.44%
- YTD
- 4.56%
- 6M
- 4.00%
- 1Y
- 11.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAXS vs. OMAH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAXS PIMCO Access Income Fund | -0.83% | 3.87% |
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 4.56% | 6.74% |
Correlation
The correlation between PAXS and OMAH is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.20 |
The correlation between PAXS and OMAH shifts across timeframes, from 0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAXS vs. OMAH — Risk / Return Rank
PAXS
OMAH
PAXS vs. OMAH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Access Income Fund (PAXS) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.
| PAXS | OMAH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 3.82 | -3.26 |
| Martin ratioReturn relative to average drawdown | 1.60 | 9.48 | -7.88 |
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
| PAXS | OMAH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.43 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.70 | -0.44 |
Drawdowns
PAXS vs. OMAH - Drawdown Comparison
The maximum PAXS drawdown since its inception was -22.28%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for PAXS and OMAH.
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Drawdown Indicators
| PAXS | OMAH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -11.83% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -3.00% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | — | — |
Current DrawdownCurrent decline from peak | -6.17% | -2.65% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -1.26% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 1.21% | +3.04% |
Volatility
PAXS vs. OMAH - Volatility Comparison
PIMCO Access Income Fund (PAXS) has a higher volatility of 3.56% compared to VistaShares Target 15™ Berkshire Select Income ETF (OMAH) at 1.93%. This indicates that PAXS's price experiences larger fluctuations and is considered to be riskier than OMAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXS | OMAH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 1.93% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 5.49% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 8.05% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 13.21% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 13.21% | +4.25% |
Dividends
PAXS vs. OMAH - Dividend Comparison
PAXS's dividend yield for the trailing twelve months is around 12.42%, less than OMAH's 15.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 15.44% | 12.86% | 0.00% | 0.00% | 0.00% |
PAXS PIMCO Access Income Fund | 12.42% | 11.72% | 11.76% | 12.54% | 13.30% |
Frequently Asked Questions
PAXS and OMAH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAXS has higher volatility (3.56%) compared to OMAH (1.93%). In terms of maximum drawdown, PAXS dropped -22.28% vs OMAH's -11.83%.
OMAH currently has the higher Sharpe Ratio (1.43 vs 0.56), 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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