PGAIX vs. PONAX
Compare and contrast key facts about PIMCO Global Core Asset Allocation Fund (PGAIX) and PIMCO Income Fund Class A (PONAX).
PGAIX is managed by PIMCO. It was launched on Oct 28, 2008. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PGAIX vs. PONAX - Performance Comparison
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PGAIX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGAIX PIMCO Global Core Asset Allocation Fund | 0.96% | 20.68% | 14.76% | 12.48% | -17.38% | 11.35% | 14.57% | 15.29% | -5.15% | 14.78% |
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, PGAIX achieves a 0.96% return, which is significantly higher than PONAX's -1.05% return. Over the past 10 years, PGAIX has outperformed PONAX with an annualized return of 8.29%, while PONAX has yielded a comparatively lower 4.29% annualized return.
PGAIX
- 1D
- 1.28%
- 1M
- -5.55%
- YTD
- 0.96%
- 6M
- 6.07%
- 1Y
- 19.80%
- 3Y*
- 14.78%
- 5Y*
- 7.06%
- 10Y*
- 8.29%
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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PGAIX vs. PONAX - Expense Ratio Comparison
PGAIX has a 1.00% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
PGAIX vs. PONAX — Risk / Return Rank
PGAIX
PONAX
PGAIX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Core Asset Allocation Fund (PGAIX) 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.
| PGAIX | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 1.45 | +0.74 |
Sortino ratioReturn per unit of downside risk | 2.84 | 2.07 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.27 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.89 | +0.50 |
Martin ratioReturn relative to average drawdown | 9.78 | 7.46 | +2.32 |
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
| PGAIX | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.45 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.65 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.04 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.48 | -0.81 |
Correlation
The correlation between PGAIX and PONAX is 0.36, 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
PGAIX vs. PONAX - Dividend Comparison
PGAIX's dividend yield for the trailing twelve months is around 2.53%, less than PONAX's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGAIX PIMCO Global Core Asset Allocation Fund | 2.53% | 1.78% | 4.27% | 1.54% | 1.07% | 1.10% | 10.94% | 2.49% | 3.12% | 1.67% | 1.66% | 0.00% |
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
PGAIX vs. PONAX - Drawdown Comparison
The maximum PGAIX drawdown since its inception was -26.75%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PGAIX and PONAX.
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Drawdown Indicators
| PGAIX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -13.64% | -13.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -3.69% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -13.64% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | -13.64% | -13.11% |
Current DrawdownCurrent decline from peak | -6.10% | -2.88% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -1.80% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.94% | +1.02% |
Volatility
PGAIX vs. PONAX - Volatility Comparison
PIMCO Global Core Asset Allocation Fund (PGAIX) has a higher volatility of 3.80% compared to PIMCO Income Fund Class A (PONAX) at 1.90%. This indicates that PGAIX'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
| PGAIX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 1.90% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 5.96% | 2.64% | +3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.43% | 4.24% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.71% | 4.72% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 4.16% | +6.03% |