PSTIX vs. PONPX
PSTIX (PIMCO StocksPLUS Short Fund) and PONPX (PIMCO Income Fund Class I-2) are both mutual funds - PSTIX is a Inverse Equities fund managed by PIMCO, while PONPX is a Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, PSTIX returned -9.92%/yr vs 4.33%/yr for PONPX. Their -0.12 correlation means they have often moved in opposite directions in the past. Both charge a 0.64% expense ratio.
Performance
PSTIX vs. PONPX - Performance Comparison
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Returns By Period
In the year-to-date period, PSTIX achieves a -5.26% return, which is significantly lower than PONPX's 0.18% return. Over the past 10 years, PSTIX has underperformed PONPX with an annualized return of -9.92%, while PONPX has yielded a comparatively higher 4.33% annualized return.
PSTIX
- 1D
- -1.59%
- 1M
- 0.65%
- 6M
- -4.53%
- YTD
- -5.26%
- 1Y
- -10.18%
- 3Y*
- -8.25%
- 5Y*
- -5.88%
- 10Y*
- -9.92%
- ALL TIME*
- -7.70%
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%
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 |
PSTIX vs. PONPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSTIX PIMCO StocksPLUS Short Fund | -5.26% | -8.24% | -11.28% | -11.01% | 17.41% | -21.89% | -20.83% | -20.27% | 5.21% | -14.04% |
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% |
Correlation
The correlation between PSTIX and PONPX is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | -0.12 |
Over the past year, the inverse relationship between PSTIX and PONPX has strengthened: their correlation has moved from -0.12 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
PSTIX vs. PONPX — Risk / Return Rank
PSTIX
PONPX
PSTIX vs. PONPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS Short Fund (PSTIX) and PIMCO Income Fund Class I-2 (PONPX). 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.
| PSTIX | PONPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.56 | -2.10 |
| Martin ratioReturn relative to average drawdown | -1.01 | 4.94 | -5.96 |
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Drawdowns
PSTIX vs. PONPX - Drawdown Comparison
The maximum PSTIX drawdown since its inception was -90.52%, which is greater than PONPX's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for PSTIX and PONPX.
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Drawdown Indicators
| PSTIX | PONPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.52% | -13.41% | -77.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -3.69% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -33.92% | -3.69% | -30.23% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -13.41% | -24.12% |
Max Drawdown (10Y)Largest decline over 10 years | -67.42% | -13.41% | -54.01% |
Current DrawdownCurrent decline from peak | -90.23% | -1.72% | -88.51% |
Average DrawdownAverage peak-to-trough decline | -57.40% | -1.44% | -55.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 1.16% | +6.83% |
Volatility
PSTIX vs. PONPX - Volatility Comparison
PIMCO StocksPLUS Short Fund (PSTIX) has a higher volatility of 3.19% compared to PIMCO Income Fund Class I-2 (PONPX) at 1.15%. This indicates that PSTIX's price experiences larger fluctuations and is considered to be riskier than PONPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSTIX | PONPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 1.15% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 3.54% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 4.13% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 4.88% | +11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 4.25% | +13.25% |
PSTIX vs. PONPX - Expense Ratio Comparison
Both PSTIX and PONPX have an expense ratio of 0.64%.
Dividends
PSTIX vs. PONPX - Dividend Comparison
PSTIX's dividend yield for the trailing twelve months is around 0.89%, less than PONPX's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSTIX PIMCO StocksPLUS Short Fund | 0.89% | 0.00% | 0.00% | 4.09% | 1.16% | 0.68% | 5.06% | 1.23% | 1.26% | 1.68% | 0.00% | 3.57% |
Frequently Asked Questions
PSTIX and PONPX have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSTIX has higher volatility (3.19%) compared to PONPX (1.15%). In terms of maximum drawdown, PSTIX dropped -90.52% vs PONPX's -13.41%.
PONPX currently has the higher Sharpe Ratio (1.40 vs -0.65), 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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