POAAX vs. PLUIX

Last updated Jun 23, 2026

POAAX (Pacific Funds Portfolio Optimization Conservative) and PLUIX (Pacific Funds Ultra Short Income) are both mutual funds - POAAX is a Diversified Portfolio fund managed by Pacific Funds Series Trust, while PLUIX is a Ultrashort Bond fund managed by Pacific Funds Series Trust. Over the past 5 years, POAAX returned 2.53%/yr vs 3.39%/yr for PLUIX. At a 0.27 correlation, their price movements are largely independent. POAAX charges 0.60%/yr vs 0.32%/yr for PLUIX.

Performance

POAAX vs. PLUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds Portfolio Optimization Conservative (POAAX) and Pacific Funds Ultra Short Income (PLUIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POAAX achieves a 3.48% return, which is significantly higher than PLUIX's 1.46% 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%

PLUIX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.46%
• 6M: 1.84%
• 1Y: 4.66%
• 3Y*: 5.25%
• 5Y*: 3.39%
• 10Y*: —

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

POAAX vs. PLUIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
POAAX Pacific Funds Portfolio Optimization Conservative	3.48%	9.54%	6.07%	9.40%	-15.03%	3.96%	10.82%
PLUIX Pacific Funds Ultra Short Income	1.46%	5.34%	5.57%	5.10%	-0.25%	0.16%	1.73%

Correlation

The correlation between POAAX and PLUIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.27

Return for Risk

POAAX vs. PLUIX — Risk / Return Rank

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

POAAX

POAAX Risk / Return Rank: 56
POAAX Sharpe Ratio Rank: 54
POAAX Sortino Ratio Rank: 56
POAAX Omega Ratio Rank: 59
POAAX Calmar Ratio Rank: 49
POAAX Martin Ratio Rank: 60

PLUIX

PLUIX Risk / Return Rank: 99
PLUIX Sharpe Ratio Rank: 98
PLUIX Sortino Ratio Rank: 100
PLUIX Omega Ratio Rank: 100
PLUIX Calmar Ratio Rank: 99
PLUIX Martin Ratio Rank: 99

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.

POAAX vs. PLUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Conservative (POAAX) and Pacific Funds Ultra Short Income (PLUIX). 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	PLUIX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	3.75	-1.75
Sortino ratio: Return per unit of downside risk	2.88	13.47	-10.58
Omega ratio: Gain probability vs. loss probability	1.39	4.81	-3.42
Calmar ratio: Return relative to maximum drawdown	2.56	15.95	-13.40
Martin ratio: Return relative to average drawdown	11.25	71.56	-60.31

POAAX vs. PLUIX - Sharpe Ratio Comparison

The current POAAX Sharpe Ratio is 2.00, which is lower than the PLUIX Sharpe Ratio of 3.75. The chart below compares the historical Sharpe Ratios of POAAX and PLUIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

POAAX vs. PLUIX - Drawdown Comparison

The maximum POAAX drawdown since its inception was -20.48%, which is greater than PLUIX's maximum drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for POAAX and PLUIX.

Drawdown Indicators

	POAAX	PLUIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.48%	-6.16%	-14.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.88%	-0.30%	-3.58%
Max Drawdown (3Y) Largest decline over 3 years	-5.23%	-0.40%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	-1.98%	-18.50%
Max Drawdown (10Y) Largest decline over 10 years	-20.48%	—	—
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.80%	-0.32%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.07%	+0.81%

Volatility

POAAX vs. PLUIX - Volatility Comparison

Pacific Funds Portfolio Optimization Conservative (POAAX) has a higher volatility of 1.96% compared to Pacific Funds Ultra Short Income (PLUIX) at 0.31%. This indicates that POAAX's price experiences larger fluctuations and is considered to be riskier than PLUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POAAX	PLUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	0.31%	+1.65%
Volatility (6M) Calculated over the trailing 6-month period	4.14%	0.83%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.96%	1.28%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.42%	1.33%	+6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.47%	1.53%	+4.94%

POAAX vs. PLUIX - Expense Ratio Comparison

POAAX has a 0.60% expense ratio, which is higher than PLUIX's 0.32% expense ratio.

Dividends

POAAX vs. PLUIX - Dividend Comparison

POAAX's dividend yield for the trailing twelve months is around 3.71%, less than PLUIX's 4.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLUIX Pacific Funds Ultra Short Income	4.66%	5.01%	4.89%	4.14%	1.36%	0.96%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both POAAX and PLUIX in my portfolio?

POAAX and PLUIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POAAX or PLUIX?

POAAX has higher volatility (1.96%) compared to PLUIX (0.31%). In terms of maximum drawdown, POAAX dropped -20.48% vs PLUIX's -6.16%.

Which has better risk-adjusted returns?

PLUIX currently has the higher Sharpe Ratio (3.75 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.