POBAX vs. PODAX
POBAX (Pacific Funds Portfolio Optimization Moderate-Conservative) and PODAX (Pacific Funds Portfolio Optimization Growth) are both Diversified Portfolio funds from Pacific Funds Series Trust. Over the past 10 years, POBAX returned 5.61%/yr vs 9.16%/yr for PODAX. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.60% expense ratio.
Performance
POBAX vs. PODAX - Performance Comparison
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Returns By Period
In the year-to-date period, POBAX achieves a 5.19% return, which is significantly lower than PODAX's 9.89% return. Over the past 10 years, POBAX has underperformed PODAX with an annualized return of 5.61%, while PODAX has yielded a comparatively higher 9.16% annualized return.
POBAX
- 1D
- 0.95%
- 1M
- -0.34%
- 6M
- 3.71%
- YTD
- 5.19%
- 1Y
- 10.57%
- 3Y*
- 9.40%
- 5Y*
- 3.45%
- 10Y*
- 5.61%
- ALL TIME*
- 5.16%
PODAX
- 1D
- 1.56%
- 1M
- -0.14%
- 6M
- 7.17%
- YTD
- 9.89%
- 1Y
- 18.14%
- 3Y*
- 13.74%
- 5Y*
- 6.53%
- 10Y*
- 9.16%
- ALL TIME*
- 7.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
POBAX vs. PODAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
POBAX Pacific Funds Portfolio Optimization Moderate-Conservative | 5.19% | 11.53% | 8.17% | 11.33% | -16.92% | 7.64% | 12.39% | 15.64% | -5.83% | 10.46% |
PODAX Pacific Funds Portfolio Optimization Growth | 9.89% | 14.76% | 13.49% | 15.95% | -19.68% | 15.37% | 14.99% | 23.96% | -8.79% | 16.35% |
Correlation
The correlation between POBAX and PODAX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2004 | 0.96 |
The correlation between POBAX and PODAX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
POBAX vs. PODAX — Risk / Return Rank
POBAX
PODAX
POBAX vs. PODAX - 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 Portfolio Optimization Growth (PODAX). 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 | PODAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.20 | -0.23 |
| Martin ratioReturn relative to average drawdown | 8.58 | 9.56 | -0.99 |
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Drawdowns
POBAX vs. PODAX - Drawdown Comparison
The maximum POBAX drawdown since its inception was -29.15%, smaller than the maximum PODAX drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for POBAX and PODAX.
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Drawdown Indicators
| POBAX | PODAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -50.14% | +20.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -7.53% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.39% | -15.02% | +6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -26.99% | +4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -22.33% | -32.11% | +9.78% |
Current DrawdownCurrent decline from peak | -0.76% | -0.83% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -6.53% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.73% | -0.55% |
Volatility
POBAX vs. PODAX - Volatility Comparison
The current volatility for Pacific Funds Portfolio Optimization Moderate-Conservative (POBAX) is 1.94%, while Pacific Funds Portfolio Optimization Growth (PODAX) has a volatility of 2.98%. This indicates that POBAX experiences smaller price fluctuations and is considered to be less risky than PODAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POBAX | PODAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.98% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 9.02% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 11.10% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 19.98% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.88% | 17.47% | -7.59% |
POBAX vs. PODAX - Expense Ratio Comparison
Both POBAX and PODAX have an expense ratio of 0.60%.
Dividends
POBAX vs. PODAX - Dividend Comparison
POBAX's dividend yield for the trailing twelve months is around 2.90%, less than PODAX's 8.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PODAX Pacific Funds Portfolio Optimization Growth | 8.80% | 9.67% | 2.68% | 1.34% | 26.52% | 10.54% | 2.64% | 6.88% | 25.73% | 4.01% | 6.37% | 8.05% |
Frequently Asked Questions
With a correlation of 0.97, POBAX and PODAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PODAX has higher volatility (2.98%) compared to POBAX (1.94%). In terms of maximum drawdown, POBAX dropped -29.15% vs PODAX's -50.14%.
PODAX currently has the higher Sharpe Ratio (1.49 vs 1.49), 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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