PLHIX vs. PLSRX
PLHIX (Pacific Funds High Income) and PLSRX (Pacific Funds Strategic Income) are both mutual funds - PLHIX is a High Yield Bonds fund managed by Pacific Funds Series Trust, while PLSRX is a Multisector Bonds fund managed by Pacific Funds Series Trust. Over the past 10 years, PLHIX returned 5.56%/yr vs 4.98%/yr for PLSRX. A 0.76 correlation means they provide meaningful diversification when combined. PLHIX charges 0.65%/yr vs 0.64%/yr for PLSRX.
Performance
PLHIX vs. PLSRX - Performance Comparison
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Returns By Period
In the year-to-date period, PLHIX achieves a 1.74% return, which is significantly higher than PLSRX's 1.28% return. Over the past 10 years, PLHIX has outperformed PLSRX with an annualized return of 5.56%, while PLSRX has yielded a comparatively lower 4.98% annualized return.
PLHIX
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- 1.74%
- 6M
- 2.09%
- 1Y
- 5.89%
- 3Y*
- 7.88%
- 5Y*
- 3.94%
- 10Y*
- 5.56%
PLSRX
- 1D
- 0.19%
- 1M
- 0.57%
- YTD
- 1.28%
- 6M
- 1.53%
- 1Y
- 5.72%
- 3Y*
- 7.03%
- 5Y*
- 3.26%
- 10Y*
- 4.98%
PLHIX vs. PLSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLHIX Pacific Funds High Income | 1.74% | 7.31% | 7.50% | 12.49% | -10.21% | 5.51% | 5.88% | 14.84% | -3.76% | 8.51% |
PLSRX Pacific Funds Strategic Income | 1.28% | 7.40% | 6.04% | 11.24% | -9.67% | 3.61% | 9.82% | 13.65% | -2.64% | 6.85% |
Correlation
The correlation between PLHIX and PLSRX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2011 | 0.76 |
The correlation between PLHIX and PLSRX has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
PLHIX vs. PLSRX — Risk / Return Rank
PLHIX
PLSRX
PLHIX vs. PLSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds High Income (PLHIX) and Pacific Funds Strategic Income (PLSRX). 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 | PLSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.73 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.47 | 12.14 | +0.33 |
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Drawdowns
PLHIX vs. PLSRX - Drawdown Comparison
The maximum PLHIX drawdown since its inception was -22.83%, which is greater than PLSRX's maximum drawdown of -19.88%. Use the drawdown chart below to compare losses from any high point for PLHIX and PLSRX.
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Drawdown Indicators
| PLHIX | PLSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.83% | -19.88% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.14% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -3.29% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.21% | -13.71% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -22.83% | -19.88% | -2.95% |
Current DrawdownCurrent decline from peak | -0.11% | -0.10% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -1.73% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.48% | 0.00% |
Volatility
PLHIX vs. PLSRX - Volatility Comparison
The current volatility for Pacific Funds High Income (PLHIX) is 0.68%, while Pacific Funds Strategic Income (PLSRX) has a volatility of 0.91%. This indicates that PLHIX experiences smaller price fluctuations and is considered to be less risky than PLSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLHIX | PLSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.91% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.17% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 2.68% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 4.02% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 4.46% | +0.98% |
PLHIX vs. PLSRX - Expense Ratio Comparison
PLHIX has a 0.65% expense ratio, which is higher than PLSRX's 0.64% expense ratio.
Dividends
PLHIX vs. PLSRX - Dividend Comparison
PLHIX's dividend yield for the trailing twelve months is around 6.66%, more than PLSRX's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PLSRX Pacific Funds Strategic Income | 5.61% | 5.67% | 5.97% | 5.17% | 4.73% | 4.10% | 3.84% | 4.32% | 4.74% | 3.87% | 4.14% | 4.71% |
Frequently Asked Questions
PLHIX and PLSRX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLSRX has higher volatility (0.91%) compared to PLHIX (0.68%). In terms of maximum drawdown, PLHIX dropped -22.83% vs PLSRX's -19.88%.
PLHIX currently has the higher Sharpe Ratio (2.28 vs 2.18), 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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