PLSRX vs. PIMIX
PLSRX (Pacific Funds Strategic Income) and PIMIX (PIMCO Income Fund Institutional Class) are both Multisector Bonds funds. Over the past 10 years, PLSRX returned 4.98%/yr vs 4.72%/yr for PIMIX. A 0.64 correlation means they provide meaningful diversification when combined. PLSRX charges 0.64%/yr vs 0.54%/yr for PIMIX.
Performance
PLSRX vs. PIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLSRX achieves a 1.28% return, which is significantly higher than PIMIX's 1.00% return. Over the past 10 years, PLSRX has outperformed PIMIX with an annualized return of 4.98%, while PIMIX has yielded a comparatively lower 4.72% annualized return.
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%
PIMIX
- 1D
- 0.09%
- 1M
- 1.19%
- YTD
- 1.00%
- 6M
- 1.60%
- 1Y
- 7.88%
- 3Y*
- 7.73%
- 5Y*
- 3.58%
- 10Y*
- 4.72%
PLSRX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIMIX PIMCO Income Fund Institutional Class | 1.00% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Correlation
The correlation between PLSRX and PIMIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2011 | 0.64 |
The correlation between PLSRX and PIMIX shifts across timeframes, from 0.64 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLSRX vs. PIMIX — Risk / Return Rank
PLSRX
PIMIX
PLSRX vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Strategic Income (PLSRX) and PIMCO Income Fund Institutional Class (PIMIX). 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 | PIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.15 | +0.58 |
| Martin ratioReturn relative to average drawdown | 12.14 | 7.27 | +4.87 |
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Drawdowns
PLSRX vs. PIMIX - Drawdown Comparison
The maximum PLSRX drawdown since its inception was -19.88%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PLSRX and PIMIX.
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Drawdown Indicators
| PLSRX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.88% | -13.39% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -3.69% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -3.84% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -13.34% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -19.88% | -13.39% | -6.49% |
Current DrawdownCurrent decline from peak | -0.10% | -0.93% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -1.69% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 1.09% | -0.61% |
Volatility
PLSRX vs. PIMIX - Volatility Comparison
The current volatility for Pacific Funds Strategic Income (PLSRX) is 0.91%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.42%. This indicates that PLSRX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLSRX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.42% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 3.39% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 4.17% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 4.86% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 4.26% | +0.20% |
PLSRX vs. PIMIX - Expense Ratio Comparison
PLSRX has a 0.64% expense ratio, which is higher than PIMIX's 0.54% expense ratio.
Dividends
PLSRX vs. PIMIX - Dividend Comparison
PLSRX's dividend yield for the trailing twelve months is around 5.61%, less than PIMIX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMIX PIMCO Income Fund Institutional Class | 5.83% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
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
PLSRX and PIMIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIMIX has higher volatility (1.42%) compared to PLSRX (0.91%). In terms of maximum drawdown, PLSRX dropped -19.88% vs PIMIX's -13.39%.
PLSRX currently has the higher Sharpe Ratio (2.18 vs 1.91), 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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