PFN vs. PONAX
Compare and contrast key facts about PIMCO Income Strategy Fund II (PFN) and PIMCO Income Fund Class A (PONAX).
PFN is managed by PIMCO. It was launched on Oct 27, 2004. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PFN vs. PONAX - Performance Comparison
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PFN vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFN PIMCO Income Strategy Fund II | -5.26% | 13.07% | 15.72% | 15.43% | -17.65% | 5.14% | 3.97% | 21.84% | 0.94% | 20.58% |
PONAX PIMCO Income Fund Class A | -1.05% | 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, PFN achieves a -5.26% return, which is significantly lower than PONAX's -1.05% return. Over the past 10 years, PFN has outperformed PONAX with an annualized return of 8.38%, while PONAX has yielded a comparatively lower 4.29% annualized return.
PFN
- 1D
- 0.15%
- 1M
- -3.99%
- YTD
- -5.26%
- 6M
- -3.66%
- 1Y
- 2.57%
- 3Y*
- 11.10%
- 5Y*
- 3.07%
- 10Y*
- 8.38%
PONAX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -1.05%
- 6M
- 1.17%
- 1Y
- 5.88%
- 3Y*
- 6.92%
- 5Y*
- 3.04%
- 10Y*
- 4.29%
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PFN vs. PONAX - Expense Ratio Comparison
PFN has a 1.74% expense ratio, which is higher than PONAX's 1.02% expense ratio.
Return for Risk
PFN vs. PONAX — Risk / Return Rank
PFN
PONAX
PFN vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Strategy Fund II (PFN) 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.
| PFN | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.19 | 1.45 | -1.26 |
Sortino ratioReturn per unit of downside risk | 0.33 | 2.07 | -1.74 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.89 | -1.63 |
Martin ratioReturn relative to average drawdown | 1.01 | 7.46 | -6.45 |
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
| PFN | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.45 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.65 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.04 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.48 | -1.19 |
Correlation
The correlation between PFN and PONAX is 0.21, 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
PFN vs. PONAX - Dividend Comparison
PFN's dividend yield for the trailing twelve months is around 12.49%, more than PONAX's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFN PIMCO Income Strategy Fund II | 12.49% | 11.49% | 11.57% | 11.92% | 12.19% | 9.71% | 9.67% | 9.07% | 10.81% | 9.20% | 10.12% | 11.74% |
PONAX PIMCO Income Fund Class A | 5.18% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
PFN vs. PONAX - Drawdown Comparison
The maximum PFN drawdown since its inception was -80.08%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PFN and PONAX.
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Drawdown Indicators
| PFN | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -13.64% | -66.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -3.69% | -7.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.45% | -13.64% | -19.81% |
Max Drawdown (10Y)Largest decline over 10 years | -45.70% | -13.64% | -32.06% |
Current DrawdownCurrent decline from peak | -6.29% | -2.88% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -1.80% | -10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 0.94% | +1.87% |
Volatility
PFN vs. PONAX - Volatility Comparison
PIMCO Income Strategy Fund II (PFN) has a higher volatility of 6.56% compared to PIMCO Income Fund Class A (PONAX) at 1.90%. This indicates that PFN'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
| PFN | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 1.90% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 2.64% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 4.24% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 4.72% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 4.16% | +14.00% |