PLHIX vs. FQTIX
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 3.69%/yr vs 3.53%/yr for FQTIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. PLHIX charges 0.65%/yr vs 0.00%/yr for FQTIX.
Performance
PLHIX vs. FQTIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLHIX achieves a 1.45% return, which is significantly lower than FQTIX's 3.15% return.
PLHIX
- 1D
- 0.22%
- 1M
- -0.44%
- 6M
- 0.80%
- YTD
- 1.45%
- 1Y
- 4.10%
- 3Y*
- 7.24%
- 5Y*
- 3.69%
- 10Y*
- 5.26%
- ALL TIME*
- 5.59%
FQTIX
- 1D
- 0.12%
- 1M
- -0.78%
- 6M
- 1.81%
- YTD
- 3.15%
- 1Y
- 7.49%
- 3Y*
- 7.86%
- 5Y*
- 3.53%
- 10Y*
- —
- ALL TIME*
- 4.42%
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 |
PLHIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PLHIX Pacific Funds High Income | 1.45% | 7.31% | 7.50% | 12.49% | -10.21% | 5.51% | 5.88% | 6.37% |
FQTIX Franklin Templeton SMACS: Series I | 3.15% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Correlation
The correlation between PLHIX and FQTIX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.80 |
The correlation between PLHIX and FQTIX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
PLHIX vs. FQTIX — Risk / Return Rank
PLHIX
FQTIX
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.
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.
| PLHIX | FQTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.53 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.37 | -1.56 |
| Martin ratioReturn relative to average drawdown | 8.19 | 16.44 | -8.25 |
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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.
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Drawdown Indicators
| PLHIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -5.59% | +1.62% |
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 DrawdownCurrent decline from peak | -0.44% | -0.91% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -4.23% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.45% | +0.04% |
Volatility
PLHIX vs. FQTIX - Volatility Comparison
Pacific Funds High Income (PLHIX) has a higher volatility of 0.64% compared to Franklin Templeton SMACS: Series I (FQTIX) at 0.60%. 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.
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Volatility by Period
| PLHIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.60% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 2.41% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 3.09% | -0.43% |
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 | 5.41% | 7.64% | -2.23% |
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 6.18%, less than FQTIX's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQTIX Franklin Templeton SMACS: Series I | 7.05% | 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 | 6.18% | 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
PLHIX and FQTIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLHIX has higher volatility (0.64%) compared to FQTIX (0.60%). In terms of maximum drawdown, PLHIX dropped -22.83% vs FQTIX's -24.62%.
FQTIX currently has the higher Sharpe Ratio (2.41 vs 1.52), 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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