PELBX vs. PONAX
Compare and contrast key facts about PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) and PIMCO Income Fund Class A (PONAX).
PELBX is managed by PIMCO. It was launched on Dec 28, 2006. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PELBX vs. PONAX - Performance Comparison
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PELBX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | -3.89% | 22.96% | -0.75% | 15.11% | -7.36% | -8.13% | 2.16% | 17.23% | -7.49% | 15.44% |
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, PELBX achieves a -3.89% return, which is significantly lower than PONAX's -1.42% return. Over the past 10 years, PELBX has underperformed PONAX with an annualized return of 3.96%, while PONAX has yielded a comparatively higher 4.25% annualized return.
PELBX
- 1D
- -0.33%
- 1M
- -7.33%
- YTD
- -3.89%
- 6M
- 0.17%
- 1Y
- 12.62%
- 3Y*
- 8.53%
- 5Y*
- 4.35%
- 10Y*
- 3.96%
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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PELBX vs. PONAX - Expense Ratio Comparison
PELBX has a 1.22% expense ratio, which is higher than PONAX's 1.02% expense ratio.
Return for Risk
PELBX vs. PONAX — Risk / Return Rank
PELBX
PONAX
PELBX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) 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.
| PELBX | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 1.48 | +0.59 |
Sortino ratioReturn per unit of downside risk | 2.84 | 2.11 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.76 | +0.03 |
Martin ratioReturn relative to average drawdown | 8.32 | 7.07 | +1.26 |
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
| PELBX | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.48 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.64 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 1.03 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 1.47 | -1.12 |
Correlation
The correlation between PELBX and PONAX is 0.38, 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
PELBX vs. PONAX - Dividend Comparison
PELBX's dividend yield for the trailing twelve months is around 6.62%, more than PONAX's 5.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PELBX PIMCO Emerging Markets Local Currency and Bond Fund | 6.62% | 6.71% | 7.08% | 4.81% | 3.24% | 4.87% | 4.87% | 6.14% | 6.88% | 5.84% | 5.69% | 5.51% |
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
PELBX vs. PONAX - Drawdown Comparison
The maximum PELBX drawdown since its inception was -36.17%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PELBX and PONAX.
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Drawdown Indicators
| PELBX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -13.64% | -22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -3.69% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.01% | -13.64% | -9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -24.89% | -13.64% | -11.25% |
Current DrawdownCurrent decline from peak | -7.33% | -3.24% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -1.80% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 0.92% | +0.65% |
Volatility
PELBX vs. PONAX - Volatility Comparison
PIMCO Emerging Markets Local Currency and Bond Fund (PELBX) has a higher volatility of 3.45% compared to PIMCO Income Fund Class A (PONAX) at 1.88%. This indicates that PELBX's price experiences larger fluctuations and is considered to be riskier 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
| PELBX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 1.88% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 2.61% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.24% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 4.72% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 4.16% | +4.78% |