PLUIX vs. FHQFX

Last updated Apr 1, 2026

Compare and contrast key facts about Pacific Funds Ultra Short Income (PLUIX) and Fidelity Series Treasury Bill Index Fund (FHQFX).

PLUIX is managed by Pacific Funds Series Trust. It was launched on Jun 28, 2019. FHQFX is managed by Fidelity. It was launched on Aug 28, 2018.

Performance

PLUIX vs. FHQFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds Ultra Short Income (PLUIX) and Fidelity Series Treasury Bill Index Fund (FHQFX). The values are adjusted to include any dividend payments, if applicable.

PLUIX vs. FHQFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PLUIX Pacific Funds Ultra Short Income	0.42%	5.34%	5.57%	5.10%	-0.25%	0.16%	0.36%
FHQFX Fidelity Series Treasury Bill Index Fund	0.48%	4.37%	5.56%	4.47%	-0.50%	0.01%	-0.04%

Returns By Period

In the year-to-date period, PLUIX achieves a 0.42% return, which is significantly lower than FHQFX's 0.48% return.

PLUIX

• 1D: 0.00%
• 1M: -0.30%
• YTD: 0.42%
• 6M: 1.57%
• 1Y: 4.48%
• 3Y*: 5.04%
• 5Y*: 3.23%
• 10Y*: —

FHQFX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.48%
• 6M: 1.58%
• 1Y: 3.76%
• 3Y*: 4.57%
• 5Y*: 2.85%
• 10Y*: —

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

PLUIX vs. FHQFX - Expense Ratio Comparison

PLUIX has a 0.32% expense ratio, which is higher than FHQFX's 0.00% expense ratio.

PLUIX

Pacific Funds Ultra Short Income

FHQFX

Fidelity Series Treasury Bill Index Fund

Return for Risk

PLUIX vs. FHQFX — Risk / Return Rank

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

PLUIX

PLUIX Risk / Return Rank: 99
PLUIX Sharpe Ratio Rank: 99
PLUIX Sortino Ratio Rank: 100
PLUIX Omega Ratio Rank: 99
PLUIX Calmar Ratio Rank: 99
PLUIX Martin Ratio Rank: 99

FHQFX

FHQFX Risk / Return Rank: 100
FHQFX Sharpe Ratio Rank: 99
FHQFX Sortino Ratio Rank: 100
FHQFX Omega Ratio Rank: 100
FHQFX Calmar Ratio Rank: 100
FHQFX Martin Ratio Rank: 100

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.

PLUIX vs. FHQFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Ultra Short Income (PLUIX) and Fidelity Series Treasury Bill Index Fund (FHQFX). 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.

	PLUIX	FHQFX	Difference
Sharpe ratio Return per unit of total volatility	3.54	3.58	-0.04
Sortino ratio Return per unit of downside risk	10.44	23.67	-13.23
Omega ratio Gain probability vs. loss probability	3.48	14.48	-10.99
Calmar ratio Return relative to maximum drawdown	12.47	41.17	-28.70
Martin ratio Return relative to average drawdown	51.44	99.69	-48.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLUIX vs. FHQFX - Sharpe Ratio Comparison

The current PLUIX Sharpe Ratio is 3.54, which is comparable to the FHQFX Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of PLUIX and FHQFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PLUIX	FHQFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.54	3.58	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.48	2.35	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.87	2.24	-0.37

Correlation

The correlation between PLUIX and FHQFX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PLUIX vs. FHQFX - Dividend Comparison

PLUIX's dividend yield for the trailing twelve months is around 4.49%, more than FHQFX's 3.68% yield.

	TTM	2025	2024	2023	2022	2021	2020
PLUIX Pacific Funds Ultra Short Income	4.49%	5.01%	4.89%	4.14%	1.36%	0.96%	1.20%
FHQFX Fidelity Series Treasury Bill Index Fund	3.68%	4.16%	5.09%	4.67%	0.00%	0.01%	0.06%

Drawdowns

PLUIX vs. FHQFX - Drawdown Comparison

The maximum PLUIX drawdown since its inception was -6.16%, which is greater than FHQFX's maximum drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for PLUIX and FHQFX.

Drawdown Indicators

	PLUIX	FHQFX	Difference
Max Drawdown Largest peak-to-trough decline	-6.16%	-0.70%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-0.40%	-0.10%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-1.98%	-0.70%	-1.28%
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.09%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	0.04%	+0.06%

Volatility

PLUIX vs. FHQFX - Volatility Comparison

Pacific Funds Ultra Short Income (PLUIX) has a higher volatility of 0.22% compared to Fidelity Series Treasury Bill Index Fund (FHQFX) at 0.00%. This indicates that PLUIX's price experiences larger fluctuations and is considered to be riskier than FHQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLUIX	FHQFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	0.00%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	0.89%	0.78%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	1.19%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.31%	1.23%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.54%	1.18%	+0.36%