PONAX vs. BINC

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Income Fund Class A (PONAX) and iShares Flexible Income Active ETF (BINC).

PONAX is managed by PIMCO. It was launched on Apr 2, 2007. BINC is an actively managed fund by iShares. It was launched on May 19, 2023.

Performance

PONAX vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Income Fund Class A (PONAX) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

PONAX vs. BINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PONAX PIMCO Income Fund Class A	-1.42%	10.63%	5.02%	6.61%
BINC iShares Flexible Income Active ETF	-0.78%	7.57%	5.76%	7.08%

Returns By Period

In the year-to-date period, PONAX achieves a -1.42% return, which is significantly lower than BINC's -0.78% return.

PONAX

• 1D: 0.47%
• 1M: -3.24%
• YTD: -1.42%
• 6M: 0.98%
• 1Y: 5.68%
• 3Y*: 6.79%
• 5Y*: 3.00%
• 10Y*: 4.25%

BINC

• 1D: 0.33%
• 1M: -2.11%
• YTD: -0.78%
• 6M: 0.65%
• 1Y: 5.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PONAX vs. BINC - Expense Ratio Comparison

PONAX has a 1.02% expense ratio, which is higher than BINC's 0.40% expense ratio.

PONAX

PIMCO Income Fund Class A

BINC

iShares Flexible Income Active ETF

Return for Risk

PONAX vs. BINC — Risk / Return Rank

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

PONAX

PONAX Risk / Return Rank: 78
PONAX Sharpe Ratio Rank: 81
PONAX Sortino Ratio Rank: 83
PONAX Omega Ratio Rank: 74
PONAX Calmar Ratio Rank: 77
PONAX Martin Ratio Rank: 74

BINC

BINC Risk / Return Rank: 84
BINC Sharpe Ratio Rank: 87
BINC Sortino Ratio Rank: 87
BINC Omega Ratio Rank: 91
BINC Calmar Ratio Rank: 76
BINC Martin Ratio Rank: 79

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.

PONAX vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class A (PONAX) and iShares Flexible Income Active ETF (BINC). 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.

	PONAX	BINC	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.74	-0.26
Sortino ratio Return per unit of downside risk	2.11	2.29	-0.18
Omega ratio Gain probability vs. loss probability	1.28	1.38	-0.10
Calmar ratio Return relative to maximum drawdown	1.76	1.91	-0.15
Martin ratio Return relative to average drawdown	7.07	7.93	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PONAX vs. BINC - Sharpe Ratio Comparison

The current PONAX Sharpe Ratio is 1.48, which is comparable to the BINC Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of PONAX and BINC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PONAX	BINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.74	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	2.28	-0.81

Correlation

The correlation between PONAX and BINC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PONAX vs. BINC - Dividend Comparison

PONAX's dividend yield for the trailing twelve months is around 5.20%, less than BINC's 5.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PONAX PIMCO Income Fund Class A	5.20%	5.61%	5.86%	5.86%	4.66%	3.62%	4.48%	5.42%	5.24%	4.97%	5.13%	7.45%
BINC iShares Flexible Income Active ETF	5.91%	5.86%	6.14%	3.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PONAX vs. BINC - Drawdown Comparison

The maximum PONAX drawdown since its inception was -13.64%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for PONAX and BINC.

Drawdown Indicators

	PONAX	BINC	Difference
Max Drawdown Largest peak-to-trough decline	-13.64%	-2.69%	-10.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.69%	-2.69%	-1.00%
Max Drawdown (5Y) Largest decline over 5 years	-13.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-13.64%	—	—
Current Drawdown Current decline from peak	-3.24%	-2.14%	-1.10%
Average Drawdown Average peak-to-trough decline	-1.80%	-0.33%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.65%	+0.27%

Volatility

PONAX vs. BINC - Volatility Comparison

PIMCO Income Fund Class A (PONAX) has a higher volatility of 1.88% compared to iShares Flexible Income Active ETF (BINC) at 1.25%. This indicates that PONAX's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PONAX	BINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	1.25%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	2.61%	1.69%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	4.24%	2.94%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.72%	3.03%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	3.03%	+1.13%