POAAX vs. PLFRX
POAAX (Pacific Funds Portfolio Optimization Conservative) and PLFRX (Pacific Funds Floating Rate Income) are both mutual funds - POAAX is a Diversified Portfolio 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, POAAX returned 4.11%/yr vs 5.08%/yr for PLFRX. At a 0.30 correlation, their price movements are largely independent. POAAX charges 0.60%/yr vs 0.68%/yr for PLFRX.
Performance
POAAX vs. PLFRX - Performance Comparison
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Returns By Period
In the year-to-date period, POAAX achieves a 3.48% return, which is significantly higher than PLFRX's 0.99% return. Over the past 10 years, POAAX has underperformed PLFRX with an annualized return of 4.11%, while PLFRX has yielded a comparatively higher 5.08% annualized return.
POAAX
- 1D
- 0.47%
- 1M
- 0.94%
- YTD
- 3.48%
- 6M
- 3.43%
- 1Y
- 9.87%
- 3Y*
- 7.93%
- 5Y*
- 2.53%
- 10Y*
- 4.11%
PLFRX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.81%
- 3Y*
- 7.99%
- 5Y*
- 5.81%
- 10Y*
- 5.08%
POAAX vs. PLFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
POAAX Pacific Funds Portfolio Optimization Conservative | 3.48% | 9.54% | 6.07% | 9.40% | -15.03% | 3.96% | 10.82% | 12.14% | -4.18% | 7.80% |
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 POAAX and PLFRX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2011 | 0.30 |
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Return for Risk
POAAX vs. PLFRX — Risk / Return Rank
POAAX
PLFRX
POAAX vs. PLFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Conservative (POAAX) 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.
| POAAX | PLFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.80 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.37 | -0.81 |
| Martin ratioReturn relative to average drawdown | 11.25 | 11.48 | -0.23 |
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Drawdowns
POAAX vs. PLFRX - Drawdown Comparison
The maximum POAAX drawdown since its inception was -20.48%, which is greater than PLFRX's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for POAAX and PLFRX.
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Drawdown Indicators
| POAAX | PLFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -18.75% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -1.73% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -2.17% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -6.44% | -14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -20.48% | -18.75% | -1.73% |
Current DrawdownCurrent decline from peak | -0.19% | -0.32% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -0.73% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.51% | +0.37% |
Volatility
POAAX vs. PLFRX - Volatility Comparison
Pacific Funds Portfolio Optimization Conservative (POAAX) has a higher volatility of 1.96% compared to Pacific Funds Floating Rate Income (PLFRX) at 0.64%. This indicates that POAAX's price experiences larger fluctuations and is considered to be riskier 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
| POAAX | PLFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.64% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 1.89% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 2.48% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 2.79% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 3.77% | +2.70% |
POAAX vs. PLFRX - Expense Ratio Comparison
POAAX has a 0.60% expense ratio, which is lower than PLFRX's 0.68% expense ratio.
Dividends
POAAX vs. PLFRX - Dividend Comparison
POAAX's dividend yield for the trailing twelve months is around 3.71%, 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% |
POAAX Pacific Funds Portfolio Optimization Conservative | 3.71% | 3.84% | 4.24% | 3.39% | 6.99% | 4.14% | 2.89% | 2.04% | 12.02% | 2.18% | 1.28% | 3.64% |
Frequently Asked Questions
POAAX and PLFRX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
POAAX has higher volatility (1.96%) compared to PLFRX (0.64%). In terms of maximum drawdown, POAAX dropped -20.48% vs PLFRX's -18.75%.
PLFRX currently has the higher Sharpe Ratio (2.35 vs 2.00), 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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