PLSRX vs. MOFIX
PLSRX (Pacific Funds Strategic Income) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, PLSRX returned 2.85%/yr vs 1.20%/yr for MOFIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PLSRX charges 0.64%/yr vs 0.44%/yr for MOFIX.
Performance
PLSRX vs. MOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLSRX achieves a -0.07% return, which is significantly higher than MOFIX's -2.24% return.
PLSRX
- 1D
- -0.58%
- 1M
- -1.35%
- 6M
- -0.42%
- YTD
- -0.07%
- 1Y
- 2.63%
- 3Y*
- 6.19%
- 5Y*
- 2.85%
- 10Y*
- 4.61%
- ALL TIME*
- 5.41%
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
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 |
PLSRX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PLSRX Pacific Funds Strategic Income | -0.07% | 7.40% | 6.04% | 11.24% | -9.67% | 3.61% | 9.82% | 6.01% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
Correlation
The correlation between PLSRX and MOFIX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.70 |
The correlation between PLSRX and MOFIX has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
PLSRX vs. MOFIX — Risk / Return Rank
PLSRX
MOFIX
PLSRX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Strategic Income (PLSRX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.
| PLSRX | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.04 | +1.46 |
| Martin ratioReturn relative to average drawdown | 5.84 | -0.11 | +5.95 |
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Drawdowns
PLSRX vs. MOFIX - Drawdown Comparison
The maximum PLSRX drawdown since its inception was -19.88%, roughly equal to the maximum MOFIX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for PLSRX and MOFIX.
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Drawdown Indicators
| PLSRX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.88% | -19.96% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -3.52% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -8.02% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -19.00% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -19.88% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -2.70% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -5.10% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.33% | -0.81% |
Volatility
PLSRX vs. MOFIX - Volatility Comparison
Pacific Funds Strategic Income (PLSRX) has a higher volatility of 0.93% compared to Mercer Opportunistic Fixed Income Fund (MOFIX) at 0.68%. This indicates that PLSRX's price experiences larger fluctuations and is considered to be riskier than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLSRX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.68% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.38% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 2.98% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 7.26% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 7.10% | -2.64% |
PLSRX vs. MOFIX - Expense Ratio Comparison
PLSRX has a 0.64% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Dividends
PLSRX vs. MOFIX - Dividend Comparison
PLSRX's dividend yield for the trailing twelve months is around 5.24%, more than MOFIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PLSRX Pacific Funds Strategic Income | 5.24% | 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
PLSRX and MOFIX 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 (0.93%) compared to MOFIX (0.68%). In terms of maximum drawdown, PLSRX dropped -19.88% vs MOFIX's -19.96%.
PLSRX currently has the higher Sharpe Ratio (1.09 vs -0.05), 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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