PLHIX vs. PLIIX
PLHIX (Pacific Funds High Income) and PLIIX (Pacific Funds Core Income) are both mutual funds - PLHIX is a High Yield Bonds fund managed by Pacific Funds Series Trust, while PLIIX is a Intermediate Core-Plus Bond fund managed by Pacific Funds Series Trust. Over the past 10 years, PLHIX returned 5.26%/yr vs 2.57%/yr for PLIIX. Their 0.34 correlation means their historical movements had little consistent relationship. PLHIX charges 0.65%/yr vs 0.55%/yr for PLIIX.
Performance
PLHIX vs. PLIIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLHIX achieves a 1.45% return, which is significantly higher than PLIIX's -0.34% return. Over the past 10 years, PLHIX has outperformed PLIIX with an annualized return of 5.26%, while PLIIX has yielded a comparatively lower 2.57% annualized 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%
PLIIX
- 1D
- 0.11%
- 1M
- -1.04%
- 6M
- -0.50%
- YTD
- -0.34%
- 1Y
- 2.28%
- 3Y*
- 4.54%
- 5Y*
- 0.79%
- 10Y*
- 2.57%
- ALL TIME*
- 3.54%
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. PLIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLHIX Pacific Funds High Income | 1.45% | 7.31% | 7.50% | 12.49% | -10.21% | 5.51% | 5.88% | 14.84% | -3.76% | 8.51% |
PLIIX Pacific Funds Core Income | -0.34% | 7.38% | 2.85% | 8.23% | -12.16% | -0.13% | 8.71% | 11.31% | -1.64% | 5.13% |
Correlation
The correlation between PLHIX and PLIIX is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2011 | 0.34 |
Over the past year, PLHIX and PLIIX have become more correlated (0.57) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
PLHIX vs. PLIIX — Risk / Return Rank
PLHIX
PLIIX
PLHIX vs. PLIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds High Income (PLHIX) and Pacific Funds Core Income (PLIIX). 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 | PLIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.20 | +0.62 |
| Martin ratioReturn relative to average drawdown | 8.19 | 3.42 | +4.78 |
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Drawdowns
PLHIX vs. PLIIX - Drawdown Comparison
The maximum PLHIX drawdown since its inception was -22.83%, which is greater than PLIIX's maximum drawdown of -16.99%. Use the drawdown chart below to compare losses from any high point for PLHIX and PLIIX.
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Drawdown Indicators
| PLHIX | PLIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.83% | -16.99% | -5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.54% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -4.28% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.21% | -16.99% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -22.83% | -16.99% | -5.84% |
Current DrawdownCurrent decline from peak | -0.44% | -1.75% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -2.30% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.89% | -0.40% |
Volatility
PLHIX vs. PLIIX - Volatility Comparison
The current volatility for Pacific Funds High Income (PLHIX) is 0.64%, while Pacific Funds Core Income (PLIIX) has a volatility of 0.99%. This indicates that PLHIX experiences smaller price fluctuations and is considered to be less risky than PLIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLHIX | PLIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.99% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 2.80% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 3.54% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 5.25% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 4.55% | +0.86% |
PLHIX vs. PLIIX - Expense Ratio Comparison
PLHIX has a 0.65% expense ratio, which is higher than PLIIX's 0.55% expense ratio.
Dividends
PLHIX vs. PLIIX - Dividend Comparison
PLHIX's dividend yield for the trailing twelve months is around 6.18%, more than PLIIX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PLIIX Pacific Funds Core Income | 4.45% | 4.81% | 4.94% | 4.27% | 3.32% | 4.29% | 3.04% | 3.07% | 3.50% | 2.90% | 2.96% | 3.32% |
Frequently Asked Questions
PLHIX and PLIIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLIIX has higher volatility (0.99%) compared to PLHIX (0.64%). In terms of maximum drawdown, PLHIX dropped -22.83% vs PLIIX's -16.99%.
PLHIX currently has the higher Sharpe Ratio (1.52 vs 0.86), 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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