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 12.96%/yr vs 2.61%/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 1.95% return, which is significantly lower than RA's 6.61% return.
PAXS
- 1D
- -0.14%
- 1M
- 3.15%
- 6M
- -2.01%
- YTD
- 1.95%
- 1Y
- 9.20%
- 3Y*
- 12.96%
- 5Y*
- —
- 10Y*
- —
RA
- 1D
- 0.23%
- 1M
- 3.89%
- 6M
- 5.32%
- YTD
- 6.61%
- 1Y
- 8.29%
- 3Y*
- 2.61%
- 5Y*
- 1.11%
- 10Y*
- —
PAXS vs. RA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAXS PIMCO Access Income Fund | 1.95% | 12.58% | 19.51% | 9.30% | -16.66% |
RA Brookfield Real Assets Income Fund Inc. | 6.61% | 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 | 0.33 |
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 | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.24 | -0.47 |
| Martin ratioReturn relative to average drawdown | 1.96 | 3.35 | -1.39 |
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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 | -3.54% | -0.16% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -8.01% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.49% | +2.22% |
Volatility
PAXS vs. RA - Volatility Comparison
PIMCO Access Income Fund (PAXS) has a higher volatility of 2.52% compared to Brookfield Real Assets Income Fund Inc. (RA) at 1.84%. 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 | 2.52% | 1.84% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 6.77% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 8.37% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 17.55% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 20.54% | -3.25% |
Dividends
PAXS vs. RA - Dividend Comparison
PAXS's dividend yield for the trailing twelve months is around 12.33%, more than RA's 10.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PAXS PIMCO Access Income Fund | 12.33% | 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. | 10.93% | 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 (2.52%) compared to RA (1.84%). In terms of maximum drawdown, PAXS dropped -22.28% vs RA's -50.66%.
RA currently has the higher Sharpe Ratio (0.99 vs 0.75), 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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