POCAX vs. PLSRX

Last updated Jun 4, 2026

POCAX (Pacific Funds Portfolio Optimization Moderate) and PLSRX (Pacific Funds Strategic Income) are both mutual funds - POCAX is a Diversified Portfolio fund managed by Pacific Funds Series Trust, while PLSRX is a Multisector Bonds fund managed by Pacific Funds Series Trust. Over the past 10 years, POCAX returned 7.90%/yr vs 4.99%/yr for PLSRX. A 0.51 correlation means they provide meaningful diversification when combined. POCAX charges 0.60%/yr vs 0.64%/yr for PLSRX.

Performance

POCAX vs. PLSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds Portfolio Optimization Moderate (POCAX) and Pacific Funds Strategic Income (PLSRX). 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 PLSRX's 1.18% return. Over the past 10 years, POCAX has outperformed PLSRX with an annualized return of 7.90%, while PLSRX has yielded a comparatively lower 4.99% 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%

PLSRX

• 1D: 0.00%
• 1M: 0.57%
• YTD: 1.18%
• 6M: 1.44%
• 1Y: 6.33%
• 3Y*: 7.17%
• 5Y*: 3.35%
• 10Y*: 4.99%

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

POCAX vs. PLSRX - 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%
PLSRX Pacific Funds Strategic Income	1.18%	7.40%	6.04%	11.24%	-9.67%	3.61%	9.82%	13.65%	-2.64%	6.85%

Correlation

The correlation between POCAX and PLSRX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 21, 2011	0.51

The correlation between POCAX and PLSRX has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.

Return for Risk

POCAX vs. PLSRX — 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

PLSRX

PLSRX Risk / Return Rank: 71
PLSRX Sharpe Ratio Rank: 70
PLSRX Sortino Ratio Rank: 77
PLSRX Omega Ratio Rank: 76
PLSRX Calmar Ratio Rank: 62
PLSRX Martin Ratio Rank: 70

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. PLSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Moderate (POCAX) and Pacific Funds Strategic Income (PLSRX). 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	PLSRX	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.45	-0.15
Sortino ratio Return per unit of downside risk	3.28	3.72	-0.44
Omega ratio Gain probability vs. loss probability	1.43	1.50	-0.07
Calmar ratio Return relative to maximum drawdown	2.96	3.02	-0.06
Martin ratio Return relative to average drawdown	13.42	13.55	-0.13
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. PLSRX - Sharpe Ratio Comparison

The current POCAX Sharpe Ratio is 2.30, which is comparable to the PLSRX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of POCAX and PLSRX, 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	PLSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.45	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.84	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	1.12	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.36	-0.86

Drawdowns

POCAX vs. PLSRX - Drawdown Comparison

The maximum POCAX drawdown since its inception was -40.19%, which is greater than PLSRX's maximum drawdown of -19.88%. Use the drawdown chart below to compare losses from any high point for POCAX and PLSRX.

Drawdown Indicators

	POCAX	PLSRX	Difference
Max Drawdown Largest peak-to-trough decline	-40.19%	-19.88%	-20.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-2.14%	-4.33%
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	-3.29%	-8.74%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-13.71%	-11.21%
Max Drawdown (10Y) Largest decline over 10 years	-26.59%	-19.88%	-6.71%
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.94%	-1.74%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.48%	+0.94%

Volatility

POCAX vs. PLSRX - Volatility Comparison

Pacific Funds Portfolio Optimization Moderate (POCAX) has a higher volatility of 2.43% compared to Pacific Funds Strategic Income (PLSRX) at 1.10%. This indicates that POCAX's price experiences larger fluctuations and is considered to be riskier than PLSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POCAX	PLSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	1.10%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	6.62%	2.10%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	2.64%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	4.01%	+12.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.46%	4.46%	+10.00%

POCAX vs. PLSRX - Expense Ratio Comparison

POCAX has a 0.60% expense ratio, which is lower than PLSRX's 0.64% expense ratio.

Dividends

POCAX vs. PLSRX - Dividend Comparison

POCAX's dividend yield for the trailing twelve months is around 6.83%, more than PLSRX's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLSRX Pacific Funds Strategic Income	5.61%	5.67%	5.97%	5.17%	4.73%	4.10%	3.84%	4.32%	4.74%	3.87%	4.14%	4.71%
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 PLSRX in my portfolio?

POCAX and PLSRX have a correlation of 0.59, 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 PLSRX?

POCAX has higher volatility (2.43%) compared to PLSRX (1.10%). In terms of maximum drawdown, POCAX dropped -40.19% vs PLSRX's -19.88%.

Which has better risk-adjusted returns?

PLSRX currently has the higher Sharpe Ratio (2.44 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.