PLHIX vs. FQTIX

Last updated Jun 4, 2026

PLHIX (Pacific Funds High Income) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, PLHIX returned 4.00%/yr vs 3.80%/yr for FQTIX. Their correlation of 0.80 suggests significant overlap in exposure. PLHIX charges 0.65%/yr vs 0.00%/yr for FQTIX.

Performance

PLHIX vs. FQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds High Income (PLHIX) and Franklin Templeton SMACS: Series I (FQTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLHIX achieves a 1.63% return, which is significantly lower than FQTIX's 3.55% return.

PLHIX

• 1D: 0.00%
• 1M: 0.43%
• YTD: 1.63%
• 6M: 2.20%
• 1Y: 6.46%
• 3Y*: 8.12%
• 5Y*: 4.00%
• 10Y*: 5.58%

FQTIX

• 1D: 0.12%
• 1M: 0.74%
• YTD: 3.55%
• 6M: 4.18%
• 1Y: 9.55%
• 3Y*: 8.69%
• 5Y*: 3.80%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLHIX vs. FQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PLHIX Pacific Funds High Income	1.63%	7.31%	7.50%	12.49%	-10.21%	5.51%	5.88%	6.48%
FQTIX Franklin Templeton SMACS: Series I	3.55%	7.51%	8.03%	13.44%	-14.39%	8.51%	3.68%	4.11%

Correlation

The correlation between PLHIX and FQTIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.80

The correlation between PLHIX and FQTIX has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.

Return for Risk

PLHIX vs. FQTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLHIX

PLHIX Risk / Return Rank: 75
PLHIX Sharpe Ratio Rank: 77
PLHIX Sortino Ratio Rank: 82
PLHIX Omega Ratio Rank: 81
PLHIX Calmar Ratio Rank: 62
PLHIX Martin Ratio Rank: 74

FQTIX

FQTIX Risk / Return Rank: 93
FQTIX Sharpe Ratio Rank: 93
FQTIX Sortino Ratio Rank: 94
FQTIX Omega Ratio Rank: 93
FQTIX Calmar Ratio Rank: 89
FQTIX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLHIX vs. FQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds High Income (PLHIX) and Franklin Templeton SMACS: Series I (FQTIX). 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.

	PLHIX	FQTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.55	3.16	-0.61
Sortino ratio: Return per unit of downside risk	3.92	4.79	-0.86
Omega ratio: Gain probability vs. loss probability	1.53	1.72	-0.18
Calmar ratio: Return relative to maximum drawdown	3.03	4.44	-1.41
Martin ratio: Return relative to average drawdown	14.03	23.37	-9.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLHIX vs. FQTIX - Sharpe Ratio Comparison

The current PLHIX Sharpe Ratio is 2.55, which is comparable to the FQTIX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of PLHIX and FQTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLHIX	FQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	3.16	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.64	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.60	+0.51

Drawdowns

PLHIX vs. FQTIX - Drawdown Comparison

The maximum PLHIX drawdown since its inception was -22.83%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for PLHIX and FQTIX.

Drawdown Indicators

	PLHIX	FQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.83%	-24.62%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-2.20%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-6.42%	+2.45%
Max Drawdown (5Y) Largest decline over 5 years	-15.21%	-18.81%	+3.60%
Max Drawdown (10Y) Largest decline over 10 years	-22.83%	—	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-2.30%	-4.32%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.42%	+0.06%

Volatility

PLHIX vs. FQTIX - Volatility Comparison

Pacific Funds High Income (PLHIX) has a higher volatility of 0.97% compared to Franklin Templeton SMACS: Series I (FQTIX) at 0.81%. This indicates that PLHIX's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLHIX	FQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	0.81%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.12%	2.37%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	2.63%	3.09%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.75%	5.94%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	7.72%	-2.27%

PLHIX vs. FQTIX - Expense Ratio Comparison

PLHIX has a 0.65% expense ratio, which is higher than FQTIX's 0.00% expense ratio.

Dividends

PLHIX vs. FQTIX - Dividend Comparison

PLHIX's dividend yield for the trailing twelve months is around 6.66%, less than FQTIX's 6.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQTIX Franklin Templeton SMACS: Series I	6.84%	5.70%	7.86%	7.64%	8.10%	7.15%	6.89%	5.63%	0.00%	0.00%	0.00%	0.00%
PLHIX Pacific Funds High Income	6.66%	6.74%	6.91%	6.44%	5.76%	4.88%	5.20%	5.18%	5.99%	5.62%	5.89%	4.78%

Frequently Asked Questions

Can I hold both PLHIX and FQTIX in my portfolio?

PLHIX and FQTIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLHIX or FQTIX?

PLHIX has higher volatility (0.97%) compared to FQTIX (0.81%). In terms of maximum drawdown, PLHIX dropped -22.83% vs FQTIX's -24.62%.

Which has better risk-adjusted returns?

FQTIX currently has the higher Sharpe Ratio (3.16 vs 2.55), 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.