PAXS vs. RA
PAXS (PIMCO Access Income Fund) and RA (Brookfield Real Assets Income Fund Inc.) are both Multisector Bonds funds. Over the past 3 years, PAXS returned 11.71%/yr vs 2.83%/yr for RA. At a 0.38 correlation, their price movements are largely independent.
Performance
PAXS vs. RA - Performance Comparison
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Returns By Period
In the year-to-date period, PAXS achieves a -1.23% return, which is significantly lower than RA's 4.09% return.
PAXS
- 1D
- 0.78%
- 1M
- 1.86%
- YTD
- -1.23%
- 6M
- -2.32%
- 1Y
- 5.29%
- 3Y*
- 11.71%
- 5Y*
- —
- 10Y*
- —
RA
- 1D
- 0.47%
- 1M
- 0.39%
- YTD
- 4.09%
- 6M
- 4.33%
- 1Y
- 9.03%
- 3Y*
- 2.83%
- 5Y*
- 0.74%
- 10Y*
- —
PAXS vs. RA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAXS PIMCO Access Income Fund | -1.23% | 12.58% | 19.51% | 9.30% | -16.66% |
RA Brookfield Real Assets Income Fund Inc. | 4.09% | 8.32% | 15.87% | -9.02% | -11.54% |
Correlation
The correlation between PAXS and RA is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.38 |
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Return for Risk
PAXS vs. RA — Risk / Return Rank
PAXS
RA
PAXS vs. RA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Access Income Fund (PAXS) and Brookfield Real Assets Income Fund Inc. (RA). 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 | RA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.35 | -0.91 |
| Martin ratioReturn relative to average drawdown | 1.15 | 3.64 | -2.49 |
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Drawdowns
PAXS vs. RA - Drawdown Comparison
The maximum PAXS drawdown since its inception was -22.28%, smaller than the maximum RA drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for PAXS and RA.
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Drawdown Indicators
| PAXS | RA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -50.66% | +28.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -6.73% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -28.42% | +15.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -6.55% | -2.52% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -8.05% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 2.48% | +2.13% |
Volatility
PAXS vs. RA - Volatility Comparison
PIMCO Access Income Fund (PAXS) has a higher volatility of 3.26% compared to Brookfield Real Assets Income Fund Inc. (RA) at 1.80%. This indicates that PAXS's price experiences larger fluctuations and is considered to be riskier than RA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXS | RA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 1.80% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 6.66% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 8.52% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 17.58% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 20.59% | -3.21% |
Dividends
PAXS vs. RA - Dividend Comparison
PAXS's dividend yield for the trailing twelve months is around 12.60%, more than RA's 11.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RA Brookfield Real Assets Income Fund Inc. | 11.09% | 10.93% | 10.63% | 16.74% | 14.79% | 11.31% | 13.39% | 11.19% | 12.52% | 10.22% | 0.89% |
Frequently Asked Questions
PAXS and RA have a correlation of 0.28, 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 RA (1.80%). In terms of maximum drawdown, PAXS dropped -22.28% vs RA's -50.66%.
RA currently has the higher Sharpe Ratio (1.07 vs 0.44), 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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