PONPX vs. QUAL
PONPX (PIMCO Income Fund Class I-2) and QUAL (iShares MSCI USA Quality Factor ETF) are both funds - PONPX is a Total Bond Market fund managed by PIMCO, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Over the past 10 years, PONPX returned 4.60%/yr vs 14.46%/yr for QUAL. At a 0.30 correlation, their price movements are largely independent. PONPX charges 0.72%/yr vs 0.15%/yr for QUAL.
Performance
PONPX vs. QUAL - Performance Comparison
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Returns By Period
In the year-to-date period, PONPX achieves a 0.86% return, which is significantly lower than QUAL's 9.44% return. Over the past 10 years, PONPX has underperformed QUAL with an annualized return of 4.60%, while QUAL has yielded a comparatively higher 14.46% annualized return.
PONPX
- 1D
- 0.56%
- 1M
- 0.90%
- YTD
- 0.86%
- 6M
- 1.73%
- 1Y
- 7.78%
- 3Y*
- 7.58%
- 5Y*
- 3.34%
- 10Y*
- 4.60%
QUAL
- 1D
- 0.47%
- 1M
- 2.14%
- YTD
- 9.44%
- 6M
- 9.29%
- 1Y
- 22.87%
- 3Y*
- 19.30%
- 5Y*
- 11.97%
- 10Y*
- 14.46%
PONPX vs. QUAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PONPX PIMCO Income Fund Class I-2 | 0.86% | 10.96% | 5.33% | 9.24% | -9.14% | 2.51% | 5.73% | 7.99% | 0.53% | 8.52% |
QUAL iShares MSCI USA Quality Factor ETF | 9.44% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
Correlation
The correlation between PONPX and QUAL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2013 | 0.30 |
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Return for Risk
PONPX vs. QUAL — Risk / Return Rank
PONPX
QUAL
PONPX vs. QUAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class I-2 (PONPX) and iShares MSCI USA Quality Factor ETF (QUAL). 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 | QUAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.32 | -0.23 |
| Martin ratioReturn relative to average drawdown | 7.08 | 10.60 | -3.52 |
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Drawdowns
PONPX vs. QUAL - Drawdown Comparison
The maximum PONPX drawdown since its inception was -13.41%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for PONPX and QUAL.
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Drawdown Indicators
| PONPX | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.41% | -34.06% | +20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -9.03% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -18.00% | +14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.41% | -28.23% | +14.82% |
Max Drawdown (10Y)Largest decline over 10 years | -13.41% | -34.06% | +20.65% |
Current DrawdownCurrent decline from peak | -1.05% | -0.19% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -4.10% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.99% | -0.90% |
Volatility
PONPX vs. QUAL - Volatility Comparison
The current volatility for PIMCO Income Fund Class I-2 (PONPX) is 1.67%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 3.63%. This indicates that PONPX experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PONPX | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.63% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 9.43% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 12.10% | -7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 17.36% | -12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 18.11% | -13.86% |
PONPX vs. QUAL - Expense Ratio Comparison
PONPX has a 0.72% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Dividends
PONPX vs. QUAL - Dividend Comparison
PONPX's dividend yield for the trailing twelve months is around 5.73%, more than QUAL's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PONPX PIMCO Income Fund Class I-2 | 5.73% | 5.91% | 6.16% | 6.11% | 4.89% | 3.92% | 4.78% | 5.73% | 5.56% | 5.27% | 5.42% | 7.77% |
QUAL iShares MSCI USA Quality Factor ETF | 0.87% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Frequently Asked Questions
PONPX and QUAL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUAL has higher volatility (3.63%) compared to PONPX (1.67%). In terms of maximum drawdown, PONPX dropped -13.41% vs QUAL's -34.06%.
PONPX currently has the higher Sharpe Ratio (1.86 vs 1.74), 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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