PLFRX vs. PIMIX
PLFRX (Pacific Funds Floating Rate Income) and PIMIX (PIMCO Income Fund Institutional Class) are both mutual funds - PLFRX is a Bank Loan fund managed by Pacific Funds Series Trust, while PIMIX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PLFRX returned 5.08%/yr vs 4.72%/yr for PIMIX. At a 0.30 correlation, their price movements are largely independent. PLFRX charges 0.68%/yr vs 0.54%/yr for PIMIX.
Performance
PLFRX vs. PIMIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PLFRX having a 0.99% return and PIMIX slightly higher at 1.00%. Over the past 10 years, PLFRX has outperformed PIMIX with an annualized return of 5.08%, while PIMIX has yielded a comparatively lower 4.72% annualized return.
PLFRX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.81%
- 3Y*
- 7.99%
- 5Y*
- 5.81%
- 10Y*
- 5.08%
PIMIX
- 1D
- 0.09%
- 1M
- 1.19%
- YTD
- 1.00%
- 6M
- 1.60%
- 1Y
- 7.88%
- 3Y*
- 7.73%
- 5Y*
- 3.58%
- 10Y*
- 4.72%
PLFRX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLFRX Pacific Funds Floating Rate Income | 0.99% | 6.68% | 8.38% | 13.94% | -2.01% | 4.36% | 1.26% | 8.30% | 0.39% | 4.33% |
PIMIX PIMCO Income Fund Institutional Class | 1.00% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between PLFRX and PIMIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2011 | 0.30 |
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Return for Risk
PLFRX vs. PIMIX — Risk / Return Rank
PLFRX
PIMIX
PLFRX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Floating Rate Income (PLFRX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
| PLFRX | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.37 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 2.15 | +1.22 |
| Martin ratioReturn relative to average drawdown | 11.48 | 7.27 | +4.21 |
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Drawdowns
PLFRX vs. PIMIX - Drawdown Comparison
The maximum PLFRX drawdown since its inception was -18.75%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PLFRX and PIMIX.
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Drawdown Indicators
| PLFRX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -13.39% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -3.69% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.17% | -3.84% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -6.44% | -13.34% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -13.39% | -5.36% |
Current DrawdownCurrent decline from peak | -0.32% | -0.93% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -1.69% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.09% | -0.58% |
Volatility
PLFRX vs. PIMIX - Volatility Comparison
The current volatility for Pacific Funds Floating Rate Income (PLFRX) is 0.64%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.42%. This indicates that PLFRX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLFRX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.42% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 3.39% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 4.17% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.79% | 4.86% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 4.26% | -0.49% |
PLFRX vs. PIMIX - Expense Ratio Comparison
PLFRX has a 0.68% expense ratio, which is higher than PIMIX's 0.54% expense ratio.
Dividends
PLFRX vs. PIMIX - Dividend Comparison
PLFRX's dividend yield for the trailing twelve months is around 7.10%, more than PIMIX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 5.83% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
PLFRX Pacific Funds Floating Rate Income | 7.10% | 7.18% | 8.47% | 8.92% | 4.39% | 3.65% | 3.68% | 5.10% | 5.03% | 4.46% | 4.21% | 4.52% |
Frequently Asked Questions
PLFRX and PIMIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIMIX has higher volatility (1.42%) compared to PLFRX (0.64%). In terms of maximum drawdown, PLFRX dropped -18.75% vs PIMIX's -13.39%.
PLFRX currently has the higher Sharpe Ratio (2.35 vs 1.91), 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.
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