PONAX vs. PIMIX
Compare and contrast key facts about PIMCO Income Fund Class A (PONAX) and PIMCO Income Fund Institutional Class (PIMIX).
PONAX is managed by PIMCO. It was launched on Apr 2, 2007. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PONAX or PIMIX.
Key characteristics
| PONAX | PIMIX | |
|---|---|---|
| YTD Return | 4.40% | 4.75% |
| 1Y Return | 9.04% | 9.47% |
| 3Y Return (Ann) | 1.54% | 1.94% |
| 5Y Return (Ann) | 2.74% | 3.15% |
| 10Y Return (Ann) | 3.76% | 4.20% |
| Sharpe Ratio | 2.31 | 2.39 |
| Sortino Ratio | 3.55 | 3.69 |
| Omega Ratio | 1.46 | 1.48 |
| Calmar Ratio | 2.15 | 2.70 |
| Martin Ratio | 11.92 | 12.49 |
| Ulcer Index | 0.86% | 0.85% |
| Daily Std Dev | 4.43% | 4.46% |
| Max Drawdown | -13.42% | -13.39% |
| Current Drawdown | -1.84% | -1.80% |
Correlation
The correlation between PONAX and PIMIX is 1.00, 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. PIMIX - Performance Comparison
In the year-to-date period, PONAX achieves a 4.40% return, which is significantly lower than PIMIX's 4.75% return. Over the past 10 years, PONAX has underperformed PIMIX with an annualized return of 3.76%, while PIMIX has yielded a comparatively higher 4.20% annualized 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. PIMIX - Expense Ratio Comparison
PONAX has a 1.02% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
PONAX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class A (PONAX) and PIMCO Income Fund Institutional Class (PIMIX). 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. PIMIX - Dividend Comparison
PONAX's dividend yield for the trailing twelve months is around 5.86%, less than PIMIX's 6.25% 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% |
PIMIX PIMCO Income Fund Institutional Class | 6.25% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% | 5.46% |
Drawdowns
PONAX vs. PIMIX - Drawdown Comparison
The maximum PONAX drawdown since its inception was -13.42%, roughly equal to the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PONAX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
PONAX vs. PIMIX - Volatility Comparison
PIMCO Income Fund Class A (PONAX) and PIMCO Income Fund Institutional Class (PIMIX) have volatilities of 1.09% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.