PONPX vs. FCBYX
PONPX (PIMCO Income Fund Class I-2) and FCBYX (Nuveen Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, PONPX returned 4.32%/yr vs 3.99%/yr for FCBYX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PONPX charges 0.64%/yr vs 0.59%/yr for FCBYX.
Performance
PONPX vs. FCBYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PONPX achieves a -0.10% return, which is significantly lower than FCBYX's 0.96% return. Over the past 10 years, PONPX has outperformed FCBYX with an annualized return of 4.32%, while FCBYX has yielded a comparatively lower 3.99% annualized return.
PONPX
- 1D
- -0.28%
- 1M
- -1.47%
- 6M
- -0.59%
- YTD
- -0.10%
- 1Y
- 4.21%
- 3Y*
- 6.84%
- 5Y*
- 3.07%
- 10Y*
- 4.32%
- ALL TIME*
- 7.22%
FCBYX
- 1D
- 0.35%
- 1M
- -0.46%
- 6M
- 0.48%
- YTD
- 0.96%
- 1Y
- 4.38%
- 3Y*
- 6.97%
- 5Y*
- 2.69%
- 10Y*
- 3.99%
- ALL TIME*
- 4.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PONPX vs. FCBYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PONPX PIMCO Income Fund Class I-2 | -0.10% | 10.96% | 5.33% | 9.24% | -9.14% | 2.51% | 5.73% | 7.99% | 0.53% | 8.52% |
FCBYX Nuveen Strategic Income Fund | 0.96% | 8.55% | 6.86% | 9.14% | -10.36% | 1.47% | 8.45% | 13.18% | -3.07% | 5.54% |
Correlation
The correlation between PONPX and FCBYX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.67 |
The correlation between PONPX and FCBYX shifts across timeframes, from 0.67 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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
PONPX vs. FCBYX — Risk / Return Rank
PONPX
FCBYX
PONPX vs. FCBYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class I-2 (PONPX) and Nuveen Strategic Income Fund (FCBYX). 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 | FCBYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.98 | -0.65 |
| Martin ratioReturn relative to average drawdown | 4.20 | 6.44 | -2.24 |
Loading charts...
Drawdowns
PONPX vs. FCBYX - Drawdown Comparison
The maximum PONPX drawdown since its inception was -13.41%, smaller than the maximum FCBYX drawdown of -24.49%. Use the drawdown chart below to compare losses from any high point for PONPX and FCBYX.
Loading charts...
Drawdown Indicators
| PONPX | FCBYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.41% | -24.49% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -2.39% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -4.16% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.41% | -15.74% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -13.41% | -15.93% | +2.52% |
Current DrawdownCurrent decline from peak | -1.99% | -0.59% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -2.39% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.73% | +0.44% |
Volatility
PONPX vs. FCBYX - Volatility Comparison
PIMCO Income Fund Class I-2 (PONPX) has a higher volatility of 1.17% compared to Nuveen Strategic Income Fund (FCBYX) at 0.67%. This indicates that PONPX's price experiences larger fluctuations and is considered to be riskier than FCBYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PONPX | FCBYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.67% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 2.13% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 2.74% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 4.14% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 4.19% | +0.06% |
PONPX vs. FCBYX - Expense Ratio Comparison
PONPX has a 0.64% expense ratio, which is higher than FCBYX's 0.59% expense ratio.
Dividends
PONPX vs. FCBYX - Dividend Comparison
PONPX's dividend yield for the trailing twelve months is around 5.24%, which matches FCBYX's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 5.26% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
PONPX PIMCO Income Fund Class I-2 | 5.24% | 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 FCBYX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PONPX has higher volatility (1.17%) compared to FCBYX (0.67%). In terms of maximum drawdown, PONPX dropped -13.41% vs FCBYX's -24.49%.
FCBYX currently has the higher Sharpe Ratio (1.77 vs 1.20), 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 PONPX and FCBYX
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