PPYPX vs. PONAX
PPYPX (PIMCO RAE International Fund) and PONAX (PIMCO Income Fund Class A) are both mutual funds - PPYPX is a Foreign Large Cap Equities fund managed by PIMCO, while PONAX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PPYPX returned 9.42%/yr vs 4.03%/yr for PONAX. Their 0.36 correlation means their historical movements had little consistent relationship. PPYPX charges 0.60%/yr vs 0.94%/yr for PONAX.
Performance
PPYPX vs. PONAX - Performance Comparison
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Returns By Period
In the year-to-date period, PPYPX achieves a 18.86% return, which is significantly higher than PONAX's 0.03% return. Over the past 10 years, PPYPX has outperformed PONAX with an annualized return of 9.42%, while PONAX has yielded a comparatively lower 4.03% annualized return.
PPYPX
- 1D
- 1.05%
- 1M
- 6.65%
- 6M
- 10.66%
- YTD
- 18.86%
- 1Y
- 31.14%
- 3Y*
- 16.73%
- 5Y*
- 10.37%
- 10Y*
- 9.42%
- ALL TIME*
- 9.22%
PONAX
- 1D
- 0.09%
- 1M
- -1.20%
- 6M
- -0.53%
- YTD
- 0.03%
- 1Y
- 4.21%
- 3Y*
- 6.49%
- 5Y*
- 2.85%
- 10Y*
- 4.03%
- ALL TIME*
- 6.16%
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 |
PPYPX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPYPX PIMCO RAE International Fund | 18.86% | 31.34% | -1.15% | 18.13% | -8.73% | 10.68% | 2.05% | 16.43% | -15.49% | 24.89% |
PONAX PIMCO Income Fund Class A | 0.03% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Correlation
The correlation between PPYPX and PONAX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.36 |
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Return for Risk
PPYPX vs. PONAX — Risk / Return Rank
PPYPX
PONAX
PPYPX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE International Fund (PPYPX) and PIMCO Income Fund Class A (PONAX). 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.
| PPYPX | PONAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 1.47 | +2.71 |
| Martin ratioReturn relative to average drawdown | 12.52 | 4.57 | +7.95 |
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Drawdowns
PPYPX vs. PONAX - Drawdown Comparison
The maximum PPYPX drawdown since its inception was -42.48%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PPYPX and PONAX.
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Drawdown Indicators
| PPYPX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.48% | -13.64% | -28.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -3.69% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -3.69% | -10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.65% | -13.64% | -22.01% |
Max Drawdown (10Y)Largest decline over 10 years | -42.48% | -13.64% | -28.84% |
Current DrawdownCurrent decline from peak | 0.00% | -1.82% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -1.79% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.19% | +1.30% |
Volatility
PPYPX vs. PONAX - Volatility Comparison
PIMCO RAE International Fund (PPYPX) has a higher volatility of 3.54% compared to PIMCO Income Fund Class A (PONAX) at 1.15%. This indicates that PPYPX's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPYPX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 1.15% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 3.52% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 4.10% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 4.86% | +14.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 4.22% | +14.47% |
PPYPX vs. PONAX - Expense Ratio Comparison
PPYPX has a 0.60% expense ratio, which is lower than PONAX's 0.94% expense ratio.
Dividends
PPYPX vs. PONAX - Dividend Comparison
PPYPX's dividend yield for the trailing twelve months is around 6.54%, more than PONAX's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PONAX PIMCO Income Fund Class A | 4.95% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
PPYPX PIMCO RAE International Fund | 6.54% | 7.78% | 6.57% | 10.09% | 7.20% | 27.06% | 2.23% | 4.20% | 5.96% | 2.53% | 2.41% | 0.00% |
Frequently Asked Questions
PPYPX and PONAX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPYPX has higher volatility (3.54%) compared to PONAX (1.15%). In terms of maximum drawdown, PPYPX dropped -42.48% vs PONAX's -13.64%.
PPYPX currently has the higher Sharpe Ratio (2.42 vs 1.33), 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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