POBAX vs. PLFRX

Last updated Jun 23, 2026

POBAX (Pacific Funds Portfolio Optimization Moderate-Conservative) and PLFRX (Pacific Funds Floating Rate Income) are both mutual funds - POBAX 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, POBAX returned 5.88%/yr vs 5.08%/yr for PLFRX. At a 0.30 correlation, their price movements are largely independent. POBAX charges 0.60%/yr vs 0.68%/yr for PLFRX.

Performance

POBAX vs. PLFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds Portfolio Optimization Moderate-Conservative (POBAX) and Pacific Funds Floating Rate Income (PLFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POBAX achieves a 5.37% return, which is significantly higher than PLFRX's 0.99% return. Over the past 10 years, POBAX has outperformed PLFRX with an annualized return of 5.88%, while PLFRX has yielded a comparatively lower 5.08% annualized return.

POBAX

• 1D: 0.60%
• 1M: 1.12%
• YTD: 5.37%
• 6M: 5.28%
• 1Y: 13.56%
• 3Y*: 10.10%
• 5Y*: 3.86%
• 10Y*: 5.88%

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%

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

POBAX vs. PLFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POBAX Pacific Funds Portfolio Optimization Moderate-Conservative	5.37%	11.53%	8.17%	11.33%	-16.92%	7.64%	12.39%	15.64%	-5.83%	10.46%
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 POBAX and PLFRX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 1, 2011	0.30

Return for Risk

POBAX vs. PLFRX — Risk / Return Rank

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

POBAX

POBAX Risk / Return Rank: 57
POBAX Sharpe Ratio Rank: 56
POBAX Sortino Ratio Rank: 59
POBAX Omega Ratio Rank: 58
POBAX Calmar Ratio Rank: 51
POBAX Martin Ratio Rank: 63

PLFRX

PLFRX Risk / Return Rank: 82
PLFRX Sharpe Ratio Rank: 77
PLFRX Sortino Ratio Rank: 97
PLFRX Omega Ratio Rank: 96
PLFRX Calmar Ratio Rank: 78
PLFRX Martin Ratio Rank: 62

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.

POBAX vs. PLFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Moderate-Conservative (POBAX) 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.

	POBAX	PLFRX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.35	-0.32
Sortino ratio: Return per unit of downside risk	2.94	5.25	-2.31
Omega ratio: Gain probability vs. loss probability	1.38	1.80	-0.42
Calmar ratio: Return relative to maximum drawdown	2.62	3.37	-0.74
Martin ratio: Return relative to average drawdown	11.65	11.48	+0.17

POBAX vs. PLFRX - Sharpe Ratio Comparison

The current POBAX Sharpe Ratio is 2.04, which is comparable to the PLFRX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of POBAX and PLFRX, 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

POBAX vs. PLFRX - Drawdown Comparison

The maximum POBAX drawdown since its inception was -29.15%, which is greater than PLFRX's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for POBAX and PLFRX.

Drawdown Indicators

	POBAX	PLFRX	Difference
Max Drawdown Largest peak-to-trough decline	-29.15%	-18.75%	-10.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.15%	-1.73%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-8.39%	-2.17%	-6.22%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	-6.44%	-15.89%
Max Drawdown (10Y) Largest decline over 10 years	-22.33%	-18.75%	-3.58%
Current Drawdown Current decline from peak	-0.25%	-0.32%	+0.07%
Average Drawdown Average peak-to-trough decline	-3.58%	-0.73%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	0.51%	+0.65%

Volatility

POBAX vs. PLFRX - Volatility Comparison

Pacific Funds Portfolio Optimization Moderate-Conservative (POBAX) has a higher volatility of 2.64% compared to Pacific Funds Floating Rate Income (PLFRX) at 0.64%. This indicates that POBAX'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.

Volatility by Period

	POBAX	PLFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	0.64%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	5.52%	1.89%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	6.63%	2.48%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	2.79%	+8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.90%	3.77%	+6.13%

POBAX vs. PLFRX - Expense Ratio Comparison

POBAX has a 0.60% expense ratio, which is lower than PLFRX's 0.68% expense ratio.

Dividends

POBAX vs. PLFRX - Dividend Comparison

POBAX's dividend yield for the trailing twelve months is around 2.90%, 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%
POBAX Pacific Funds Portfolio Optimization Moderate-Conservative	2.90%	3.06%	3.68%	2.67%	13.64%	6.84%	2.56%	2.31%	20.06%	3.22%	4.32%	5.46%

Frequently Asked Questions

Can I hold both POBAX and PLFRX in my portfolio?

POBAX and PLFRX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POBAX or PLFRX?

POBAX has higher volatility (2.64%) compared to PLFRX (0.64%). In terms of maximum drawdown, POBAX dropped -29.15% vs PLFRX's -18.75%.

Which has better risk-adjusted returns?

PLFRX currently has the higher Sharpe Ratio (2.35 vs 2.04), 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.