PONPX vs. BOND
PONPX (PIMCO Income Fund Class I-2) and BOND (PIMCO Active Bond ETF) are both funds - PONPX is a Multisector Bonds fund actively managed by PIMCO, while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, PONPX returned 4.33%/yr vs 1.96%/yr for BOND. Their 0.50 correlation means they have sometimes moved together and sometimes differently. PONPX charges 0.64%/yr vs 0.54%/yr for BOND.
Performance
PONPX vs. BOND - Performance Comparison
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Returns By Period
In the year-to-date period, PONPX achieves a 0.18% return, which is significantly higher than BOND's -0.31% return. Over the past 10 years, PONPX has outperformed BOND with an annualized return of 4.33%, while BOND has yielded a comparatively lower 1.96% annualized return.
PONPX
- 1D
- 0.09%
- 1M
- -1.20%
- 6M
- -0.40%
- YTD
- 0.18%
- 1Y
- 4.50%
- 3Y*
- 6.80%
- 5Y*
- 3.13%
- 10Y*
- 4.33%
- ALL TIME*
- 7.24%
BOND
- 1D
- -0.33%
- 1M
- -1.43%
- 6M
- -0.84%
- YTD
- -0.31%
- 1Y
- 3.01%
- 3Y*
- 4.85%
- 5Y*
- 0.00%
- 10Y*
- 1.96%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.87M | $49.77M | $50.25M | |
| $0.00 | $0.00 | $0.00 |
PONPX vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PONPX PIMCO Income Fund Class I-2 | 0.18% | 10.96% | 5.33% | 9.24% | -9.14% | 2.51% | 5.73% | 7.99% | 0.53% | 8.52% |
BOND PIMCO Active Bond ETF | -0.31% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between PONPX and BOND is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.50 |
Over the past year, PONPX and BOND have become more correlated (0.83) than their long-term average of 0.50, meaning their price movements have been converging.
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Return for Risk
PONPX vs. BOND — Risk / Return Rank
PONPX
BOND
PONPX vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class I-2 (PONPX) and PIMCO Active Bond ETF (BOND). 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.
| PONPX | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.28 | +0.28 |
| Martin ratioReturn relative to average drawdown | 4.94 | 3.47 | +1.47 |
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Drawdowns
PONPX vs. BOND - Drawdown Comparison
The maximum PONPX drawdown since its inception was -13.41%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for PONPX and BOND.
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Drawdown Indicators
| PONPX | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.41% | -19.71% | +6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -3.01% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -5.21% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -13.41% | -19.71% | +6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -13.41% | -19.71% | +6.30% |
Current DrawdownCurrent decline from peak | -1.72% | -2.34% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -3.48% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.11% | +0.05% |
Volatility
PONPX vs. BOND - Volatility Comparison
PIMCO Income Fund Class I-2 (PONPX) and PIMCO Active Bond ETF (BOND) have volatilities of 1.15% and 1.15%, 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.
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Volatility by Period
| PONPX | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 3.22% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.01% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.80% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 5.10% | -0.85% |
PONPX vs. BOND - Expense Ratio Comparison
PONPX has a 0.64% expense ratio, which is higher than BOND's 0.54% expense ratio.
Dividends
PONPX vs. BOND - Dividend Comparison
PONPX's dividend yield for the trailing twelve months is around 5.23%, which matches BOND's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 4.81% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
PONPX PIMCO Income Fund Class I-2 | 5.23% | 5.91% | 6.16% | 6.11% | 4.89% | 3.92% | 4.78% | 5.73% | 5.56% | 5.27% | 5.42% | 7.77% |
Frequently Asked Questions
PONPX and BOND have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOND has higher volatility (1.15%) compared to PONPX (1.15%). In terms of maximum drawdown, PONPX dropped -13.41% vs BOND's -19.71%.
PONPX currently has the higher Sharpe Ratio (1.40 vs 0.96), 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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