PAXS vs. PTY
PAXS (PIMCO Access Income Fund) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - PAXS is a Multisector Bonds fund actively managed by PIMCO, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 3 years, PAXS returned 11.71%/yr vs 5.35%/yr for PTY. At a 0.47 correlation, their price movements are largely independent.
Performance
PAXS vs. PTY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAXS achieves a -1.23% return, which is significantly higher than PTY's -3.12% return.
PAXS
- 1D
- 0.78%
- 1M
- 1.86%
- YTD
- -1.23%
- 6M
- -2.32%
- 1Y
- 5.29%
- 3Y*
- 11.71%
- 5Y*
- —
- 10Y*
- —
PTY
- 1D
- 0.85%
- 1M
- 1.10%
- YTD
- -3.12%
- 6M
- -2.67%
- 1Y
- -4.03%
- 3Y*
- 5.35%
- 5Y*
- -0.21%
- 10Y*
- 8.71%
PAXS vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAXS PIMCO Access Income Fund | -1.23% | 12.58% | 19.51% | 9.30% | -16.66% |
PTY PIMCO Corporate & Income Opportunity Fund | -3.12% | -0.51% | 19.87% | 22.56% | -15.08% |
Correlation
The correlation between PAXS and PTY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAXS vs. PTY — Risk / Return Rank
PAXS
PTY
PAXS vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Access Income Fund (PAXS) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.
| PAXS | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.94 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | -0.26 | +0.70 |
| Martin ratioReturn relative to average drawdown | 1.15 | -0.49 | +1.64 |
Loading charts...
Drawdowns
PAXS vs. PTY - Drawdown Comparison
The maximum PAXS drawdown since its inception was -22.28%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for PAXS and PTY.
Loading charts...
Drawdown Indicators
| PAXS | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -60.86% | +38.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -15.44% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -16.04% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.55% | — |
Current DrawdownCurrent decline from peak | -6.55% | -12.08% | +5.53% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -8.62% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 8.19% | -3.58% |
Volatility
PAXS vs. PTY - Volatility Comparison
PIMCO Access Income Fund (PAXS) has a higher volatility of 3.26% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.22%. This indicates that PAXS's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAXS | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 2.22% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 7.73% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 10.96% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 17.27% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 21.18% | -3.80% |
Dividends
PAXS vs. PTY - Dividend Comparison
PAXS's dividend yield for the trailing twelve months is around 12.60%, more than PTY's 12.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXS PIMCO Access Income Fund | 12.60% | 11.72% | 11.76% | 12.54% | 13.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.08% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
PAXS and PTY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAXS has higher volatility (3.26%) compared to PTY (2.22%). In terms of maximum drawdown, PAXS dropped -22.28% vs PTY's -60.86%.
PAXS currently has the higher Sharpe Ratio (0.44 vs -0.37), 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.
Find the right allocation for PAXS and PTY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer