PLSDX vs. PLFRX
PLSDX (Pacific Funds Short Duration Income) and PLFRX (Pacific Funds Floating Rate Income) are both mutual funds - PLSDX is a Short-Term Bond fund managed by Pacific Funds Series Trust, while PLFRX is a Bank Loan fund managed by Pacific Funds Series Trust. Over the past 10 years, PLSDX returned 2.95%/yr vs 5.09%/yr for PLFRX. At a 0.20 correlation, their price movements are largely independent. PLSDX charges 0.45%/yr vs 0.68%/yr for PLFRX.
Performance
PLSDX vs. PLFRX - Performance Comparison
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Returns By Period
In the year-to-date period, PLSDX achieves a 0.69% return, which is significantly lower than PLFRX's 0.99% return. Over the past 10 years, PLSDX has underperformed PLFRX with an annualized return of 2.95%, while PLFRX has yielded a comparatively higher 5.09% annualized return.
PLSDX
- 1D
- -0.10%
- 1M
- 0.15%
- YTD
- 0.69%
- 6M
- 0.84%
- 1Y
- 3.71%
- 3Y*
- 5.42%
- 5Y*
- 3.11%
- 10Y*
- 2.95%
PLFRX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.81%
- 3Y*
- 7.99%
- 5Y*
- 5.83%
- 10Y*
- 5.09%
PLSDX vs. PLFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLSDX Pacific Funds Short Duration Income | 0.69% | 5.93% | 5.44% | 6.68% | -2.81% | 0.17% | 4.04% | 5.75% | 0.75% | 2.61% |
PLFRX Pacific Funds Floating Rate Income | 0.99% | 6.68% | 8.38% | 13.94% | -2.01% | 4.36% | 1.26% | 8.30% | 0.39% | 4.33% |
Correlation
The correlation between PLSDX and PLFRX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2011 | 0.20 |
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Return for Risk
PLSDX vs. PLFRX — Risk / Return Rank
PLSDX
PLFRX
PLSDX vs. PLFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Short Duration Income (PLSDX) and Pacific Funds Floating Rate Income (PLFRX). 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.
| PLSDX | PLFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.80 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 3.37 | +0.56 |
| Martin ratioReturn relative to average drawdown | 18.39 | 11.47 | +6.92 |
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Drawdowns
PLSDX vs. PLFRX - Drawdown Comparison
The maximum PLSDX drawdown since its inception was -7.79%, smaller than the maximum PLFRX drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for PLSDX and PLFRX.
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Drawdown Indicators
| PLSDX | PLFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.79% | -18.75% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.97% | -1.73% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -2.17% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -5.03% | -6.44% | +1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -7.79% | -18.75% | +10.96% |
Current DrawdownCurrent decline from peak | -0.29% | -0.32% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -0.73% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.51% | -0.30% |
Volatility
PLSDX vs. PLFRX - Volatility Comparison
The current volatility for Pacific Funds Short Duration Income (PLSDX) is 0.48%, while Pacific Funds Floating Rate Income (PLFRX) has a volatility of 0.64%. This indicates that PLSDX experiences smaller price fluctuations and is considered to be less risky than PLFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLSDX | PLFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.64% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 1.89% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 2.48% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.83% | 2.79% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 3.77% | -2.00% |
PLSDX vs. PLFRX - Expense Ratio Comparison
PLSDX has a 0.45% expense ratio, which is lower than PLFRX's 0.68% expense ratio.
Dividends
PLSDX vs. PLFRX - Dividend Comparison
PLSDX's dividend yield for the trailing twelve months is around 4.46%, less than PLFRX's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLFRX Pacific Funds Floating Rate Income | 7.10% | 7.18% | 8.47% | 8.92% | 4.39% | 3.65% | 3.68% | 5.10% | 5.03% | 4.46% | 4.21% | 4.52% |
PLSDX Pacific Funds Short Duration Income | 4.46% | 4.57% | 5.00% | 4.01% | 2.20% | 2.38% | 1.93% | 2.66% | 2.63% | 2.20% | 1.90% | 2.08% |
Frequently Asked Questions
PLSDX and PLFRX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLFRX has higher volatility (0.64%) compared to PLSDX (0.48%). In terms of maximum drawdown, PLSDX dropped -7.79% vs PLFRX's -18.75%.
PLSDX currently has the higher Sharpe Ratio (2.70 vs 2.35), 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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