PONAX vs. MSTY
PONAX (PIMCO Income Fund Class A) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both funds - PONAX is a Multisector Bonds fund actively managed by PIMCO, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, PONAX returned 7.45% vs -64.25% for MSTY. At a 0.10 correlation, their price movements are largely independent. PONAX charges 0.94%/yr vs 0.99%/yr for MSTY.
Performance
PONAX vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, PONAX achieves a 0.83% return, which is significantly higher than MSTY's -22.84% return.
PONAX
- 1D
- 0.09%
- 1M
- 1.54%
- YTD
- 0.83%
- 6M
- 1.39%
- 1Y
- 7.45%
- 3Y*
- 7.30%
- 5Y*
- 3.19%
- 10Y*
- 4.31%
MSTY
- 1D
- -3.45%
- 1M
- -29.31%
- YTD
- -22.84%
- 6M
- -27.46%
- 1Y
- -64.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PONAX vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PONAX PIMCO Income Fund Class A | 0.83% | 10.63% | 5.81% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -22.84% | -42.71% | 212.16% |
Correlation
The correlation between PONAX and MSTY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.10 |
The correlation between PONAX and MSTY shifts across timeframes, from 0.10 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PONAX vs. MSTY — Risk / Return Rank
PONAX
MSTY
PONAX vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class A (PONAX) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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 | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.80 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.90 | +2.93 |
| Martin ratioReturn relative to average drawdown | 6.75 | -1.31 | +8.06 |
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Drawdowns
PONAX vs. MSTY - Drawdown Comparison
The maximum PONAX drawdown since its inception was -13.64%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for PONAX and MSTY.
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Drawdown Indicators
| PONAX | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -71.79% | +58.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -71.79% | +68.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -69.67% | +68.64% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -26.82% | +25.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 48.95% | -47.84% |
Volatility
PONAX vs. MSTY - Volatility Comparison
The current volatility for PIMCO Income Fund Class A (PONAX) is 1.41%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.32%. This indicates that PONAX experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PONAX | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 19.32% | -17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 49.58% | -46.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 61.87% | -57.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 71.86% | -67.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 71.86% | -67.64% |
PONAX vs. MSTY - Expense Ratio Comparison
PONAX has a 0.94% expense ratio, which is lower than MSTY's 0.99% expense ratio.
Dividends
PONAX vs. MSTY - Dividend Comparison
PONAX's dividend yield for the trailing twelve months is around 5.43%, less than MSTY's 267.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | 267.66% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.43% | 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 MSTY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.32%) compared to PONAX (1.41%). In terms of maximum drawdown, PONAX dropped -13.64% vs MSTY's -71.79%.
PONAX currently has the higher Sharpe Ratio (1.82 vs -1.04), 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.
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