PIGIX vs. PONAX
Compare and contrast key facts about PIMCO Investment Grade Credit Bond Fund (PIGIX) and PIMCO Income Fund Class A (PONAX).
PIGIX is managed by PIMCO. It was launched on Apr 28, 2000. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PIGIX vs. PONAX - Performance Comparison
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PIGIX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | -1.62% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
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, PIGIX achieves a -1.62% return, which is significantly lower than PONAX's -1.42% return. Over the past 10 years, PIGIX has underperformed PONAX with an annualized return of 2.86%, while PONAX has yielded a comparatively higher 4.25% annualized return.
PIGIX
- 1D
- 0.56%
- 1M
- -3.44%
- YTD
- -1.62%
- 6M
- -0.64%
- 1Y
- 3.68%
- 3Y*
- 4.67%
- 5Y*
- 0.51%
- 10Y*
- 2.86%
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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PIGIX vs. PONAX - Expense Ratio Comparison
PIGIX has a 0.51% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
PIGIX vs. PONAX — Risk / Return Rank
PIGIX
PONAX
PIGIX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) 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.
| PIGIX | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.48 | -0.63 |
Sortino ratioReturn per unit of downside risk | 1.18 | 2.11 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.76 | -0.59 |
Martin ratioReturn relative to average drawdown | 3.97 | 7.07 | -3.09 |
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
| PIGIX | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.48 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.64 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 1.03 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.47 | -0.42 |
Correlation
The correlation between PIGIX and PONAX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PIGIX vs. PONAX - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.47%, less than PONAX's 5.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.47% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
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
PIGIX vs. PONAX - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -23.09%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PIGIX and PONAX.
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Drawdown Indicators
| PIGIX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -13.64% | -9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.69% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -13.64% | -9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -13.64% | -9.45% |
Current DrawdownCurrent decline from peak | -3.44% | -3.24% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -1.80% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.92% | +0.25% |
Volatility
PIGIX vs. PONAX - Volatility Comparison
PIMCO Investment Grade Credit Bond Fund (PIGIX) has a higher volatility of 2.21% compared to PIMCO Income Fund Class A (PONAX) at 1.88%. This indicates that PIGIX'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
| PIGIX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 1.88% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.61% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 4.24% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 4.72% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 4.16% | +1.62% |