PCTIX vs. PONAX
Compare and contrast key facts about PIMCO California Municipal Bond Fund (PCTIX) and PIMCO Income Fund Class A (PONAX).
PCTIX is managed by PIMCO. It was launched on May 30, 2012. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PCTIX vs. PONAX - Performance Comparison
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PCTIX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTIX PIMCO California Municipal Bond Fund | -0.43% | 3.92% | 3.12% | 7.98% | -10.90% | 1.96% | 6.89% | 9.11% | 1.11% | 7.30% |
PONAX PIMCO Income Fund Class A | -1.42% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Returns By Period
In the year-to-date period, PCTIX achieves a -0.43% return, which is significantly higher than PONAX's -1.42% return. Over the past 10 years, PCTIX has underperformed PONAX with an annualized return of 2.66%, while PONAX has yielded a comparatively higher 4.25% annualized return.
PCTIX
- 1D
- 0.28%
- 1M
- -2.48%
- YTD
- -0.43%
- 6M
- 1.16%
- 1Y
- 3.85%
- 3Y*
- 3.93%
- 5Y*
- 1.09%
- 10Y*
- 2.66%
PONAX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.42%
- 6M
- 0.98%
- 1Y
- 5.68%
- 3Y*
- 6.79%
- 5Y*
- 3.00%
- 10Y*
- 4.25%
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PCTIX vs. PONAX - Expense Ratio Comparison
PCTIX has a 0.44% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
PCTIX vs. PONAX — Risk / Return Rank
PCTIX
PONAX
PCTIX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO California Municipal Bond Fund (PCTIX) 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.
| PCTIX | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.48 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.19 | 2.11 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.76 | -0.86 |
Martin ratioReturn relative to average drawdown | 2.59 | 7.07 | -4.47 |
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
| PCTIX | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.48 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.64 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 1.03 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.47 | -0.66 |
Correlation
The correlation between PCTIX and PONAX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PCTIX vs. PONAX - Dividend Comparison
PCTIX's dividend yield for the trailing twelve months is around 3.38%, less than PONAX's 5.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCTIX PIMCO California Municipal Bond Fund | 3.38% | 3.60% | 3.73% | 3.47% | 1.97% | 1.76% | 2.01% | 2.63% | 2.97% | 3.04% | 2.95% | 2.81% |
PONAX PIMCO Income Fund Class A | 5.20% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
PCTIX vs. PONAX - Drawdown Comparison
The maximum PCTIX drawdown since its inception was -16.98%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PCTIX and PONAX.
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Drawdown Indicators
| PCTIX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.98% | -13.64% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -3.69% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.98% | -13.64% | -3.34% |
Max Drawdown (10Y)Largest decline over 10 years | -16.98% | -13.64% | -3.34% |
Current DrawdownCurrent decline from peak | -2.48% | -3.24% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -1.80% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.92% | +0.79% |
Volatility
PCTIX vs. PONAX - Volatility Comparison
The current volatility for PIMCO California Municipal Bond Fund (PCTIX) is 1.03%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.88%. This indicates that PCTIX experiences smaller price fluctuations and is considered to be less risky than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCTIX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.88% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 2.61% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 4.24% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 4.72% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 4.16% | +0.24% |