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PDVAX vs. RFXIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PDVAX vs. RFXIX

Last updated Jun 23, 2026

PDVAX (PIMCO Diversified Income Fund Class A) and RFXIX (Rational Special Situations Income Fund) are both Multisector Bonds funds. Over the past 5 years, PDVAX returned 2.01%/yr vs 4.22%/yr for RFXIX. At a 0.41 correlation, their price movements are largely independent. PDVAX charges 1.21%/yr vs 1.76%/yr for RFXIX.

Performance

PDVAX vs. RFXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Diversified Income Fund Class A (PDVAX) and Rational Special Situations Income Fund (RFXIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PDVAX achieves a 1.58% return, which is significantly lower than RFXIX's 1.90% return.

PDVAX

1D
0.10%
1M
1.45%
YTD
1.58%
6M
2.22%
1Y
8.30%
3Y*
8.08%
5Y*
2.01%
10Y*
3.87%

RFXIX

1D
0.00%
1M
0.40%
YTD
1.90%
6M
1.76%
1Y
4.94%
3Y*
5.70%
5Y*
4.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDVAX vs. RFXIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PDVAX
PIMCO Diversified Income Fund Class A		1.58%9.98%5.93%9.55%-14.97%-0.06%5.98%3.01%
RFXIX
Rational Special Situations Income Fund		1.90%4.73%8.95%4.08%-0.85%5.30%2.84%1.91%

Correlation

The correlation between PDVAX and RFXIX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jul 17, 2019

0.41

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PIMCO Diversified Income Fund Class A

Rational Special Situations Income Fund

Often compared with PDVAX:
PDVAX vs. PCRIXPDVAX vs. CBLDXPDVAX vs. ICMUXPDVAX vs. PISIXPDVAX vs. JMSIXPDVAX vs. ACPPDVAX vs. PIMIX
Often compared with RFXIX:
RFXIX vs. AGGRFXIX vs. BIBLRFXIX vs. FTECRFXIX vs. VTIRFXIX vs. BNDRFXIX vs. QDSIXRFXIX vs. ONEQ

Return for Risk

PDVAX vs. RFXIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDVAX
PDVAX Risk / Return Rank: 6262
Overall Rank
PDVAX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
PDVAX Sortino Ratio Rank: 7878
Sortino Ratio Rank
PDVAX Omega Ratio Rank: 7474
Omega Ratio Rank
PDVAX Calmar Ratio Rank: 4242
Calmar Ratio Rank
PDVAX Martin Ratio Rank: 4848
Martin Ratio Rank
RFXIX
RFXIX Risk / Return Rank: 9898
Overall Rank
RFXIX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RFXIX Sortino Ratio Rank: 9797
Sortino Ratio Rank
RFXIX Omega Ratio Rank: 9898
Omega Ratio Rank
RFXIX Calmar Ratio Rank: 9797
Calmar Ratio Rank
RFXIX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDVAX vs. RFXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Diversified Income Fund Class A (PDVAX) and Rational Special Situations Income Fund (RFXIX). 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.

PDVAXRFXIXDifference
Sharpe ratioReturn per unit of total volatility
2.19
3.55

-1.36

Sortino ratioReturn per unit of downside risk
3.41
5.30

-1.89

Omega ratioGain probability vs. loss probability

1.44

2.06

-0.62

Calmar ratioReturn relative to maximum drawdown

2.36

6.87

-4.51

Martin ratioReturn relative to average drawdown

9.47

28.12

-18.65

PDVAX vs. RFXIX - Sharpe Ratio Comparison

The current PDVAX Sharpe Ratio is 2.19, which is lower than the RFXIX Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of PDVAX and RFXIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PDVAX vs. RFXIX - Drawdown Comparison

The maximum PDVAX drawdown since its inception was -22.13%, which is greater than RFXIX's maximum drawdown of -12.91%. Use the drawdown chart below to compare losses from any high point for PDVAX and RFXIX.

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Drawdown Indicators

PDVAXRFXIXDifference

Max Drawdown

Largest peak-to-trough decline

-22.13%

-12.91%

-9.22%

Max Drawdown (1Y)

Largest decline over 1 year

-3.55%

-0.72%

-2.83%

Max Drawdown (3Y)

Largest decline over 3 years

-4.34%

-1.05%

-3.29%

Max Drawdown (5Y)

Largest decline over 5 years

-20.85%

-4.93%

-15.92%

Max Drawdown (10Y)

Largest decline over 10 years

-20.85%

—

—

Current Drawdown

Current decline from peak

-0.20%

-0.11%

-0.09%

Average Drawdown

Average peak-to-trough decline

-2.98%

-0.86%

-2.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.88%

0.18%

+0.70%

Volatility

PDVAX vs. RFXIX - Volatility Comparison

PIMCO Diversified Income Fund Class A (PDVAX) has a higher volatility of 1.21% compared to Rational Special Situations Income Fund (RFXIX) at 0.38%. This indicates that PDVAX's price experiences larger fluctuations and is considered to be riskier than RFXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDVAXRFXIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.21%

0.38%

+0.83%

Volatility (6M)

Calculated over the trailing 6-month period

3.17%

0.78%

+2.39%

Volatility (1Y)

Calculated over the trailing 1-year period

3.82%

1.40%

+2.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.97%

1.96%

+3.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.86%

2.94%

+1.92%

PDVAX vs. RFXIX - Expense Ratio Comparison

PDVAX has a 1.21% expense ratio, which is lower than RFXIX's 1.76% expense ratio.

Dividends

PDVAX vs. RFXIX - Dividend Comparison

PDVAX's dividend yield for the trailing twelve months is around 5.11%, less than RFXIX's 5.39% yield.

PositionTTM20252024202320222021202020192018201720162015
PDVAX
PIMCO Diversified Income Fund Class A		5.11%5.03%4.79%3.92%3.56%3.17%3.28%4.65%4.05%4.45%4.55%7.25%
RFXIX
Rational Special Situations Income Fund		5.39%5.02%6.69%7.85%6.08%5.04%4.99%1.39%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PDVAX and RFXIX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PDVAX has higher volatility (1.21%) compared to RFXIX (0.38%). In terms of maximum drawdown, PDVAX dropped -22.13% vs RFXIX's -12.91%.

RFXIX currently has the higher Sharpe Ratio (3.55 vs 2.19), 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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