POCAX vs. PLSDX

Last updated Jun 4, 2026

POCAX (Pacific Funds Portfolio Optimization Moderate) and PLSDX (Pacific Funds Short Duration Income) are both mutual funds - POCAX is a Diversified Portfolio fund managed by Pacific Funds Series Trust, while PLSDX is a Short-Term Bond fund managed by Pacific Funds Series Trust. Over the past 10 years, POCAX returned 7.90%/yr vs 2.99%/yr for PLSDX. At a 0.18 correlation, their price movements are largely independent. POCAX charges 0.60%/yr vs 0.45%/yr for PLSDX.

Performance

POCAX vs. PLSDX - Performance Comparison

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

Returns By Period

In the year-to-date period, POCAX achieves a 7.88% return, which is significantly higher than PLSDX's 0.79% return. Over the past 10 years, POCAX has outperformed PLSDX with an annualized return of 7.90%, while PLSDX has yielded a comparatively lower 2.99% annualized return.

POCAX

• 1D: 0.23%
• 1M: 3.46%
• YTD: 7.88%
• 6M: 7.68%
• 1Y: 18.54%
• 3Y*: 13.49%
• 5Y*: 5.59%
• 10Y*: 7.90%

PLSDX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 0.79%
• 6M: 1.13%
• 1Y: 4.32%
• 3Y*: 5.52%
• 5Y*: 3.11%
• 10Y*: 2.99%

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

POCAX vs. PLSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POCAX Pacific Funds Portfolio Optimization Moderate	7.88%	12.91%	11.62%	13.95%	-18.67%	11.94%	14.65%	20.36%	-7.41%	13.51%
PLSDX Pacific Funds Short Duration Income	0.79%	5.93%	5.44%	6.68%	-2.81%	0.17%	4.04%	5.75%	0.75%	2.61%

Correlation

The correlation between POCAX and PLSDX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 21, 2011	0.18

The correlation between POCAX and PLSDX shifts across timeframes, from 0.18 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

POCAX vs. PLSDX — Risk / Return Rank

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

POCAX

POCAX Risk / Return Rank: 62
POCAX Sharpe Ratio Rank: 61
POCAX Sortino Ratio Rank: 61
POCAX Omega Ratio Rank: 59
POCAX Calmar Ratio Rank: 59
POCAX Martin Ratio Rank: 69

PLSDX

PLSDX Risk / Return Rank: 93
PLSDX Sharpe Ratio Rank: 92
PLSDX Sortino Ratio Rank: 94
PLSDX Omega Ratio Rank: 95
PLSDX Calmar Ratio Rank: 89
PLSDX Martin Ratio Rank: 94

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. PLSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Moderate (POCAX) and Pacific Funds Short Duration Income (PLSDX). 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.

	POCAX	PLSDX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.10	-0.80
Sortino ratio: Return per unit of downside risk	3.28	4.90	-1.62
Omega ratio: Gain probability vs. loss probability	1.43	1.76	-0.33
Calmar ratio: Return relative to maximum drawdown	2.96	4.46	-1.50
Martin ratio: Return relative to average drawdown	13.42	20.98	-7.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POCAX vs. PLSDX - Sharpe Ratio Comparison

The current POCAX Sharpe Ratio is 2.30, which is comparable to the PLSDX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of POCAX and PLSDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	POCAX	PLSDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	3.10	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	1.71	-1.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	1.70	-1.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.84	-1.34

Drawdowns

POCAX vs. PLSDX - Drawdown Comparison

The maximum POCAX drawdown since its inception was -40.19%, which is greater than PLSDX's maximum drawdown of -7.79%. Use the drawdown chart below to compare losses from any high point for POCAX and PLSDX.

Drawdown Indicators

	POCAX	PLSDX	Difference
Max Drawdown Largest peak-to-trough decline	-40.19%	-7.79%	-32.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-0.97%	-5.50%
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	-0.97%	-11.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-5.03%	-19.89%
Max Drawdown (10Y) Largest decline over 10 years	-26.59%	-7.79%	-18.80%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.94%	-0.50%	-4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.21%	+1.21%

Volatility

POCAX vs. PLSDX - Volatility Comparison

Pacific Funds Portfolio Optimization Moderate (POCAX) has a higher volatility of 2.43% compared to Pacific Funds Short Duration Income (PLSDX) at 0.46%. This indicates that POCAX's price experiences larger fluctuations and is considered to be riskier than PLSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POCAX	PLSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	0.46%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	6.62%	1.06%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	1.40%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	1.82%	+15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	1.77%	+12.69%

POCAX vs. PLSDX - Expense Ratio Comparison

POCAX has a 0.60% expense ratio, which is higher than PLSDX's 0.45% expense ratio.

Dividends

POCAX vs. PLSDX - Dividend Comparison

POCAX's dividend yield for the trailing twelve months is around 6.83%, more than PLSDX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLSDX Pacific Funds Short Duration Income	4.46%	4.57%	5.00%	4.01%	2.20%	2.38%	1.93%	2.66%	2.63%	2.20%	1.90%	2.08%
POCAX Pacific Funds Portfolio Optimization Moderate	6.83%	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 PLSDX in my portfolio?

POCAX and PLSDX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POCAX or PLSDX?

POCAX has higher volatility (2.43%) compared to PLSDX (0.46%). In terms of maximum drawdown, POCAX dropped -40.19% vs PLSDX's -7.79%.

Which has better risk-adjusted returns?

PLSDX currently has the higher Sharpe Ratio (3.10 vs 2.30), 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.