POCAX vs. AOBLX

Last updated Jun 25, 2026

POCAX (Pacific Funds Portfolio Optimization Moderate) and AOBLX (Victory Pioneer Balanced Fund Class A) are both Diversified Portfolio funds. Over the past 10 years, POCAX returned 7.98%/yr vs 10.35%/yr for AOBLX. Their correlation of 0.94 suggests significant overlap in exposure. POCAX charges 0.60%/yr vs 0.93%/yr for AOBLX.

Performance

POCAX vs. AOBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds Portfolio Optimization Moderate (POCAX) and Victory Pioneer Balanced Fund Class A (AOBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POCAX achieves a 6.08% return, which is significantly lower than AOBLX's 12.92% return. Over the past 10 years, POCAX has underperformed AOBLX with an annualized return of 7.98%, while AOBLX has yielded a comparatively higher 10.35% annualized return.

POCAX

• 1D: -1.00%
• 1M: -0.00%
• YTD: 6.08%
• 6M: 5.32%
• 1Y: 14.44%
• 3Y*: 12.67%
• 5Y*: 5.01%
• 10Y*: 7.98%

AOBLX

• 1D: -0.84%
• 1M: 0.78%
• YTD: 12.92%
• 6M: 12.22%
• 1Y: 29.60%
• 3Y*: 16.99%
• 5Y*: 9.02%
• 10Y*: 10.35%

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

POCAX vs. AOBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POCAX Pacific Funds Portfolio Optimization Moderate	6.08%	12.91%	11.62%	13.95%	-18.67%	11.94%	14.65%	20.36%	-7.41%	13.51%
AOBLX Victory Pioneer Balanced Fund Class A	12.92%	19.59%	9.46%	15.00%	-14.64%	15.10%	13.15%	21.75%	-4.63%	14.99%

Correlation

The correlation between POCAX and AOBLX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004	0.94

The correlation between POCAX and AOBLX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

POCAX vs. AOBLX — Risk / Return Rank

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

POCAX

POCAX Risk / Return Rank: 48
POCAX Sharpe Ratio Rank: 45
POCAX Sortino Ratio Rank: 45
POCAX Omega Ratio Rank: 46
POCAX Calmar Ratio Rank: 47
POCAX Martin Ratio Rank: 59

AOBLX

AOBLX Risk / Return Rank: 94
AOBLX Sharpe Ratio Rank: 96
AOBLX Sortino Ratio Rank: 94
AOBLX Omega Ratio Rank: 89
AOBLX Calmar Ratio Rank: 94
AOBLX Martin Ratio Rank: 97

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.

POCAX vs. AOBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Moderate (POCAX) and Victory Pioneer Balanced Fund Class A (AOBLX). 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.

	POCAX	AOBLX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	3.11	-1.37
Sortino ratio: Return per unit of downside risk	2.46	4.39	-1.93
Omega ratio: Gain probability vs. loss probability	1.32	1.57	-0.25
Calmar ratio: Return relative to maximum drawdown	2.40	4.83	-2.43
Martin ratio: Return relative to average drawdown	10.63	22.31	-11.68

POCAX vs. AOBLX - Sharpe Ratio Comparison

The current POCAX Sharpe Ratio is 1.74, which is lower than the AOBLX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of POCAX and AOBLX, 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

POCAX vs. AOBLX - Drawdown Comparison

The maximum POCAX drawdown since its inception was -40.19%, which is greater than AOBLX's maximum drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for POCAX and AOBLX.

Drawdown Indicators

	POCAX	AOBLX	Difference
Max Drawdown Largest peak-to-trough decline	-40.19%	-36.70%	-3.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-6.42%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	-13.52%	+1.49%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-20.48%	-4.44%
Max Drawdown (10Y) Largest decline over 10 years	-26.59%	-24.31%	-2.28%
Current Drawdown Current decline from peak	-1.67%	-1.38%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.93%	-3.81%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.39%	+0.07%

Volatility

POCAX vs. AOBLX - Volatility Comparison

Pacific Funds Portfolio Optimization Moderate (POCAX) and Victory Pioneer Balanced Fund Class A (AOBLX) have volatilities of 3.68% and 3.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POCAX	AOBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	3.69%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.34%	7.85%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	8.95%	9.98%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	11.16%	+5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	11.34%	+3.12%

POCAX vs. AOBLX - Expense Ratio Comparison

POCAX has a 0.60% expense ratio, which is lower than AOBLX's 0.93% expense ratio.

Dividends

POCAX vs. AOBLX - Dividend Comparison

POCAX's dividend yield for the trailing twelve months is around 6.95%, more than AOBLX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOBLX Victory Pioneer Balanced Fund Class A	3.20%	3.48%	2.28%	1.52%	2.97%	8.33%	4.31%	5.78%	9.70%	9.22%	2.51%	3.97%
POCAX Pacific Funds Portfolio Optimization Moderate	6.95%	7.37%	2.97%	1.68%	22.92%	8.62%	3.11%	5.02%	22.38%	3.85%	5.44%	6.68%

Frequently Asked Questions

Can I hold both POCAX and AOBLX in my portfolio?

With a correlation of 0.92, POCAX and AOBLX 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.

Which is riskier, POCAX or AOBLX?

AOBLX has higher volatility (3.69%) compared to POCAX (3.68%). In terms of maximum drawdown, POCAX dropped -40.19% vs AOBLX's -36.70%.

Which has better risk-adjusted returns?

AOBLX currently has the higher Sharpe Ratio (3.11 vs 1.74), 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.