PONAX vs. MIAQX
Compare and contrast key facts about PIMCO Income Fund Class A (PONAX) and American Funds Multi-Sector Income Fund (MIAQX).
PONAX is managed by PIMCO. It was launched on Apr 2, 2007. MIAQX is managed by American Funds. It was launched on Mar 21, 2019.
Performance
PONAX vs. MIAQX - Performance Comparison
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PONAX vs. MIAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PONAX PIMCO Income Fund Class A | -1.42% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 5.03% |
MIAQX American Funds Multi-Sector Income Fund | -1.59% | 7.81% | 6.08% | 9.47% | -13.04% | 2.10% | 8.29% | 3.20% |
Returns By Period
In the year-to-date period, PONAX achieves a -1.42% return, which is significantly higher than MIAQX's -1.59% 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%
MIAQX
- 1D
- 0.22%
- 1M
- -2.63%
- YTD
- -1.59%
- 6M
- -0.52%
- 1Y
- 4.53%
- 3Y*
- 6.16%
- 5Y*
- 2.08%
- 10Y*
- —
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PONAX vs. MIAQX - Expense Ratio Comparison
PONAX has a 1.02% expense ratio, which is higher than MIAQX's 0.78% expense ratio.
Return for Risk
PONAX vs. MIAQX — Risk / Return Rank
PONAX
MIAQX
PONAX vs. MIAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class A (PONAX) and American Funds Multi-Sector Income Fund (MIAQX). 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 | MIAQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.20 | +0.27 |
Sortino ratioReturn per unit of downside risk | 2.11 | 1.61 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.54 | +0.22 |
Martin ratioReturn relative to average drawdown | 7.07 | 6.10 | +0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PONAX | MIAQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.20 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.45 | +0.19 |
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 | 0.54 | +0.93 |
Correlation
The correlation between PONAX and MIAQX is 0.79, 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. MIAQX - Dividend Comparison
PONAX's dividend yield for the trailing twelve months is around 5.20%, less than MIAQX's 5.61% 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% |
MIAQX American Funds Multi-Sector Income Fund | 5.61% | 5.98% | 5.57% | 4.83% | 3.39% | 3.77% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PONAX vs. MIAQX - Drawdown Comparison
The maximum PONAX drawdown since its inception was -13.64%, smaller than the maximum MIAQX drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for PONAX and MIAQX.
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Drawdown Indicators
| PONAX | MIAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -18.01% | +4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -3.31% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -13.64% | -18.01% | +4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | — | — |
Current DrawdownCurrent decline from peak | -3.24% | -2.63% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -4.09% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.83% | +0.09% |
Volatility
PONAX vs. MIAQX - Volatility Comparison
PIMCO Income Fund Class A (PONAX) has a higher volatility of 1.88% compared to American Funds Multi-Sector Income Fund (MIAQX) at 1.46%. This indicates that PONAX's price experiences larger fluctuations and is considered to be riskier than MIAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PONAX | MIAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.46% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 2.31% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 4.24% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 4.71% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 5.37% | -1.21% |