PLDTX vs. PONAX
PLDTX (PIMCO Low Duration II Fund) and PONAX (PIMCO Income Fund Class A) are both mutual funds - PLDTX is a Short-Term Bond fund managed by PIMCO, while PONAX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PLDTX returned 1.76%/yr vs 4.02%/yr for PONAX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. PLDTX charges 0.50%/yr vs 0.94%/yr for PONAX.
Performance
PLDTX vs. PONAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLDTX achieves a 0.10% return, which is significantly higher than PONAX's -0.25% return. Over the past 10 years, PLDTX has underperformed PONAX with an annualized return of 1.76%, while PONAX has yielded a comparatively higher 4.02% annualized return.
PLDTX
- 1D
- -0.11%
- 1M
- -0.43%
- 6M
- -0.09%
- YTD
- 0.10%
- 1Y
- 2.20%
- 3Y*
- 4.28%
- 5Y*
- 1.56%
- 10Y*
- 1.76%
- ALL TIME*
- 3.62%
PONAX
- 1D
- -0.28%
- 1M
- -1.47%
- 6M
- -0.72%
- YTD
- -0.25%
- 1Y
- 3.92%
- 3Y*
- 6.53%
- 5Y*
- 2.79%
- 10Y*
- 4.02%
- ALL TIME*
- 6.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PLDTX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLDTX PIMCO Low Duration II Fund | 0.10% | 5.47% | 4.55% | 4.21% | -5.14% | -1.03% | 3.44% | 3.83% | 0.63% | 1.66% |
PONAX PIMCO Income Fund Class A | -0.25% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Correlation
The correlation between PLDTX and PONAX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007 | 0.63 |
The correlation between PLDTX and PONAX shifts across timeframes, from 0.62 (10 years) to 0.76 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PLDTX vs. PONAX — Risk / Return Rank
PLDTX
PONAX
PLDTX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration II Fund (PLDTX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PLDTX | PONAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.25 | +0.60 |
| Martin ratioReturn relative to average drawdown | 6.57 | 3.87 | +2.70 |
Loading charts...
Drawdowns
PLDTX vs. PONAX - Drawdown Comparison
The maximum PLDTX drawdown since its inception was -7.60%, smaller than the maximum PONAX drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PLDTX and PONAX.
Loading charts...
Drawdown Indicators
| PLDTX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.60% | -13.64% | +6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -3.69% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -3.69% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -7.42% | -13.64% | +6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -7.60% | -13.64% | +6.04% |
Current DrawdownCurrent decline from peak | -0.59% | -2.09% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.79% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.19% | -0.77% |
Volatility
PLDTX vs. PONAX - Volatility Comparison
The current volatility for PIMCO Low Duration II Fund (PLDTX) is 0.56%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.17%. This indicates that PLDTX experiences smaller price fluctuations and is considered to be less risky than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PLDTX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.17% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 3.53% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 4.11% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 4.86% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.97% | 4.22% | -2.25% |
PLDTX vs. PONAX - Expense Ratio Comparison
PLDTX has a 0.50% expense ratio, which is lower than PONAX's 0.94% expense ratio.
Dividends
PLDTX vs. PONAX - Dividend Comparison
PLDTX's dividend yield for the trailing twelve months is around 3.50%, less than PONAX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLDTX PIMCO Low Duration II Fund | 3.50% | 3.79% | 3.99% | 3.55% | 1.28% | 0.29% | 1.23% | 2.72% | 2.18% | 1.45% | 1.76% | 1.60% |
PONAX PIMCO Income Fund Class A | 4.96% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Frequently Asked Questions
PLDTX and PONAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PONAX has higher volatility (1.17%) compared to PLDTX (0.56%). In terms of maximum drawdown, PLDTX dropped -7.60% vs PONAX's -13.64%.
PLDTX currently has the higher Sharpe Ratio (1.34 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PLDTX and PONAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer