PLHIX vs. POEAX

Last updated Jun 23, 2026

PLHIX (Pacific Funds High Income) and POEAX (Pacific Funds Portfolio Optimization Aggressive-Growth) are both mutual funds - PLHIX is a High Yield Bonds fund managed by Pacific Funds Series Trust, while POEAX is a Diversified Portfolio fund managed by Pacific Funds Series Trust. Over the past 10 years, PLHIX returned 5.56%/yr vs 11.01%/yr for POEAX. A 0.56 correlation means they provide meaningful diversification when combined. PLHIX charges 0.65%/yr vs 0.60%/yr for POEAX.

Performance

PLHIX vs. POEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds High Income (PLHIX) and Pacific Funds Portfolio Optimization Aggressive-Growth (POEAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLHIX achieves a 1.74% return, which is significantly lower than POEAX's 11.26% return. Over the past 10 years, PLHIX has underperformed POEAX with an annualized return of 5.56%, while POEAX has yielded a comparatively higher 11.01% 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%

POEAX

• 1D: 1.17%
• 1M: 1.67%
• YTD: 11.26%
• 6M: 10.58%
• 1Y: 25.28%
• 3Y*: 16.75%
• 5Y*: 8.31%
• 10Y*: 11.01%

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

PLHIX vs. POEAX - 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%
POEAX Pacific Funds Portfolio Optimization Aggressive-Growth	11.26%	16.66%	15.13%	18.53%	-21.24%	18.82%	16.09%	26.91%	-9.28%	19.17%

Correlation

The correlation between PLHIX and POEAX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Dec 20, 2011	0.56

The correlation between PLHIX and POEAX shifts across timeframes, from 0.56 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PLHIX vs. POEAX — Risk / Return Rank

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

PLHIX

PLHIX Risk / Return Rank: 71
PLHIX Sharpe Ratio Rank: 73
PLHIX Sortino Ratio Rank: 80
PLHIX Omega Ratio Rank: 79
PLHIX Calmar Ratio Rank: 56
PLHIX Martin Ratio Rank: 68

POEAX

POEAX Risk / Return Rank: 58
POEAX Sharpe Ratio Rank: 54
POEAX Sortino Ratio Rank: 51
POEAX Omega Ratio Rank: 52
POEAX Calmar Ratio Rank: 63
POEAX Martin Ratio Rank: 71

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. POEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds High Income (PLHIX) and Pacific Funds Portfolio Optimization Aggressive-Growth (POEAX). 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	POEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.99	+0.29
Sortino ratio: Return per unit of downside risk	3.49	2.76	+0.74
Omega ratio: Gain probability vs. loss probability	1.47	1.36	+0.11
Calmar ratio: Return relative to maximum drawdown	2.72	2.90	-0.18
Martin ratio: Return relative to average drawdown	12.47	12.72	-0.25

PLHIX vs. POEAX - Sharpe Ratio Comparison

The current PLHIX Sharpe Ratio is 2.28, which is comparable to the POEAX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of PLHIX and POEAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLHIX vs. POEAX - Drawdown Comparison

The maximum PLHIX drawdown since its inception was -22.83%, smaller than the maximum POEAX drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for PLHIX and POEAX.

Drawdown Indicators

	PLHIX	POEAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.83%	-57.49%	+34.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-8.57%	+6.35%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-17.49%	+13.52%
Max Drawdown (5Y) Largest decline over 5 years	-15.21%	-29.40%	+14.19%
Max Drawdown (10Y) Largest decline over 10 years	-22.83%	-35.88%	+13.05%
Current Drawdown Current decline from peak	-0.11%	-0.43%	+0.32%
Average Drawdown Average peak-to-trough decline	-2.29%	-8.80%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	1.95%	-1.47%

Volatility

PLHIX vs. POEAX - Volatility Comparison

The current volatility for Pacific Funds High Income (PLHIX) is 0.68%, while Pacific Funds Portfolio Optimization Aggressive-Growth (POEAX) has a volatility of 4.81%. This indicates that PLHIX experiences smaller price fluctuations and is considered to be less risky than POEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLHIX	POEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	4.81%	-4.13%
Volatility (6M) Calculated over the trailing 6-month period	2.13%	9.96%	-7.83%
Volatility (1Y) Calculated over the trailing 1-year period	2.65%	12.49%	-9.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.75%	25.15%	-20.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.44%	21.58%	-16.14%

PLHIX vs. POEAX - Expense Ratio Comparison

PLHIX has a 0.65% expense ratio, which is higher than POEAX's 0.60% expense ratio.

Dividends

PLHIX vs. POEAX - Dividend Comparison

PLHIX's dividend yield for the trailing twelve months is around 6.66%, less than POEAX's 6.94% 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%
POEAX Pacific Funds Portfolio Optimization Aggressive-Growth	6.94%	7.73%	2.12%	1.67%	36.10%	10.62%	3.32%	7.91%	24.81%	4.03%	7.09%	3.16%

Frequently Asked Questions

Can I hold both PLHIX and POEAX in my portfolio?

PLHIX and POEAX have a correlation of 0.68, 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 POEAX?

POEAX has higher volatility (4.81%) compared to PLHIX (0.68%). In terms of maximum drawdown, PLHIX dropped -22.83% vs POEAX's -57.49%.

Which has better risk-adjusted returns?

PLHIX currently has the higher Sharpe Ratio (2.28 vs 1.99), 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.