PONAX vs. BINC
Compare and contrast key facts about PIMCO Income Fund Class A (PONAX) and BlackRock Flexible Income ETF (BINC).
PONAX is managed by PIMCO. It was launched on Apr 2, 2007. BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PONAX or BINC.
Key characteristics
| PONAX | BINC | |
|---|---|---|
| YTD Return | 4.40% | 5.20% |
| 1Y Return | 9.04% | 9.24% |
| Sharpe Ratio | 2.31 | 3.23 |
| Sortino Ratio | 3.55 | 5.31 |
| Omega Ratio | 1.46 | 1.72 |
| Calmar Ratio | 2.15 | 8.11 |
| Martin Ratio | 11.92 | 24.62 |
| Ulcer Index | 0.86% | 0.42% |
| Daily Std Dev | 4.43% | 3.20% |
| Max Drawdown | -13.42% | -1.95% |
| Current Drawdown | -1.84% | -0.75% |
Correlation
The correlation between PONAX and BINC is 0.78, 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.
Performance
PONAX vs. BINC - Performance Comparison
In the year-to-date period, PONAX achieves a 4.40% return, which is significantly lower than BINC's 5.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PONAX vs. BINC - Expense Ratio Comparison
PONAX has a 1.02% expense ratio, which is higher than BINC's 0.40% expense ratio.
Risk-Adjusted Performance
PONAX vs. BINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class A (PONAX) and BlackRock Flexible Income 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.
Dividends
PONAX vs. BINC - Dividend Comparison
PONAX's dividend yield for the trailing twelve months is around 5.86%, more than BINC's 5.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PONAX PIMCO Income Fund Class A | 5.86% | 5.87% | 5.96% | 3.62% | 4.49% | 5.47% | 5.24% | 4.95% | 5.17% | 7.33% | 5.89% | 5.09% |
BINC BlackRock Flexible Income ETF | 5.54% | 3.13% | 0.00% | 0.00% | 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 -13.42%, which is greater than BINC's maximum drawdown of -1.95%. Use the drawdown chart below to compare losses from any high point for PONAX and BINC. For additional features, visit the drawdowns tool.
Volatility
PONAX vs. BINC - Volatility Comparison
PIMCO Income Fund Class A (PONAX) has a higher volatility of 1.09% compared to BlackRock Flexible Income ETF (BINC) at 0.68%. 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.