PIMIX vs. PONAX
Compare and contrast key facts about PIMCO Income Fund Institutional Class (PIMIX) and PIMCO Income Fund Class A (PONAX).
PIMIX is managed by PIMCO. It was launched on Mar 30, 2007. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIMIX or PONAX.
Correlation
The correlation between PIMIX and PONAX is 0.12, 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.
Performance
PIMIX vs. PONAX - Performance Comparison
Key characteristics
PIMIX:
2.11
PONAX:
2.01
PIMIX:
3.22
PONAX:
3.06
PIMIX:
1.42
PONAX:
1.40
PIMIX:
3.11
PONAX:
2.94
PIMIX:
9.40
PONAX:
8.68
PIMIX:
0.92%
PONAX:
0.95%
PIMIX:
4.13%
PONAX:
4.08%
PIMIX:
-13.39%
PONAX:
-13.42%
PIMIX:
-0.93%
PONAX:
-0.93%
Returns By Period
The year-to-date returns for both stocks are quite close, with PIMIX having a 2.62% return and PONAX slightly lower at 2.51%. Over the past 10 years, PIMIX has outperformed PONAX with an annualized return of 4.34%, while PONAX has yielded a comparatively lower 3.90% annualized return.
PIMIX
2.62%
0.14%
3.45%
9.32%
4.90%
4.34%
PONAX
2.51%
0.10%
3.22%
8.85%
4.48%
3.90%
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PIMIX vs. PONAX - Expense Ratio Comparison
PIMIX has a 0.62% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Risk-Adjusted Performance
PIMIX vs. PONAX — Risk-Adjusted Performance Rank
PIMIX
PONAX
PIMIX vs. PONAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Institutional Class (PIMIX) 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.
Dividends
PIMIX vs. PONAX - Dividend Comparison
PIMIX's dividend yield for the trailing twelve months is around 6.21%, more than PONAX's 5.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 6.21% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
PONAX PIMCO Income Fund Class A | 5.79% | 5.86% | 5.87% | 5.96% | 3.62% | 4.49% | 5.47% | 5.24% | 4.95% | 5.17% | 7.33% | 5.89% |
Drawdowns
PIMIX vs. PONAX - Drawdown Comparison
The maximum PIMIX drawdown since its inception was -13.39%, roughly equal to the maximum PONAX drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for PIMIX and PONAX. For additional features, visit the drawdowns tool.
Volatility
PIMIX vs. PONAX - Volatility Comparison
PIMCO Income Fund Institutional Class (PIMIX) and PIMCO Income Fund Class A (PONAX) have volatilities of 1.97% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.