PONAX vs. BNDX
PONAX (PIMCO Income Fund Class A) and BNDX (Vanguard Total International Bond ETF) are both funds - PONAX is a Multisector Bonds fund managed by PIMCO, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Over the past 10 years, PONAX returned 4.22%/yr vs 1.69%/yr for BNDX. At a 0.39 correlation, their price movements are largely independent. PONAX charges 1.02%/yr vs 0.07%/yr for BNDX.
Performance
PONAX vs. BNDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PONAX achieves a 0.18% return, which is significantly lower than BNDX's 0.85% return. Over the past 10 years, PONAX has outperformed BNDX with an annualized return of 4.22%, while BNDX has yielded a comparatively lower 1.69% annualized return.
PONAX
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.18%
- 6M
- 0.83%
- 1Y
- 6.76%
- 3Y*
- 7.14%
- 5Y*
- 2.94%
- 10Y*
- 4.22%
BNDX
- 1D
- 0.58%
- 1M
- 1.01%
- YTD
- 0.85%
- 6M
- 0.99%
- 1Y
- 1.99%
- 3Y*
- 4.13%
- 5Y*
- 0.29%
- 10Y*
- 1.69%
PONAX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PONAX PIMCO Income Fund Class A | 0.18% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
BNDX Vanguard Total International Bond ETF | 0.85% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between PONAX and BNDX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.39 |
Over the past year, PONAX and BNDX have become more correlated (0.73) than their long-term average of 0.39, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PONAX vs. BNDX — Risk / Return Rank
PONAX
BNDX
PONAX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class A (PONAX) and Vanguard Total International Bond ETF (BNDX). 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.
| PONAX | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.10 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.68 | +1.24 |
| Martin ratioReturn relative to average drawdown | 6.45 | 1.90 | +4.54 |
Loading charts...
Drawdowns
PONAX vs. BNDX - Drawdown Comparison
The maximum PONAX drawdown since its inception was -13.64%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for PONAX and BNDX.
Loading charts...
Drawdown Indicators
| PONAX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -16.23% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -2.93% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -2.93% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -13.64% | -15.86% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | -16.23% | +2.59% |
Current DrawdownCurrent decline from peak | -1.67% | -1.18% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -3.10% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.05% | +0.05% |
Volatility
PONAX vs. BNDX - Volatility Comparison
PIMCO Income Fund Class A (PONAX) has a higher volatility of 1.62% compared to Vanguard Total International Bond ETF (BNDX) at 1.50%. This indicates that PONAX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PONAX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.50% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 2.96% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 3.47% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 4.89% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 4.10% | +0.12% |
PONAX vs. BNDX - Expense Ratio Comparison
PONAX has a 1.02% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
PONAX vs. BNDX - Dividend Comparison
PONAX's dividend yield for the trailing twelve months is around 5.46%, more than BNDX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.48% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
PONAX PIMCO Income Fund Class A | 5.46% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Frequently Asked Questions
PONAX and BNDX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PONAX has higher volatility (1.62%) compared to BNDX (1.50%). In terms of maximum drawdown, PONAX dropped -13.64% vs BNDX's -16.23%.
PONAX currently has the higher Sharpe Ratio (1.74 vs 0.58), 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.
Find the right allocation for PONAX and BNDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer