PUTIX vs. ACFIX
Compare and contrast key facts about PIMCO Strategic Bond Fund (PUTIX) and Water Island Credit Opportunities Fund (ACFIX).
PUTIX is managed by PIMCO. It was launched on Jan 29, 2009. ACFIX is managed by Arbitrage Fund. It was launched on Sep 30, 2012.
Performance
PUTIX vs. ACFIX - Performance Comparison
Loading graphics...
PUTIX vs. ACFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | -0.71% | 8.12% | 6.35% | 6.65% | -6.51% | 0.44% | 4.33% | 5.24% | 3.34% | 7.87% |
ACFIX Water Island Credit Opportunities Fund | 0.63% | 4.79% | 5.51% | 6.54% | -2.70% | 3.24% | 6.71% | 5.68% | 1.85% | 1.45% |
Returns By Period
In the year-to-date period, PUTIX achieves a -0.71% return, which is significantly lower than ACFIX's 0.63% return. Over the past 10 years, PUTIX has outperformed ACFIX with an annualized return of 3.91%, while ACFIX has yielded a comparatively lower 3.68% annualized return.
PUTIX
- 1D
- 0.09%
- 1M
- -1.55%
- YTD
- -0.71%
- 6M
- 1.31%
- 1Y
- 5.05%
- 3Y*
- 6.20%
- 5Y*
- 2.67%
- 10Y*
- 3.91%
ACFIX
- 1D
- 0.20%
- 1M
- 0.00%
- YTD
- 0.63%
- 6M
- 1.51%
- 1Y
- 3.95%
- 3Y*
- 4.98%
- 5Y*
- 3.32%
- 10Y*
- 3.68%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PUTIX vs. ACFIX - Expense Ratio Comparison
PUTIX has a 0.51% expense ratio, which is lower than ACFIX's 0.98% expense ratio.
Return for Risk
PUTIX vs. ACFIX — Risk / Return Rank
PUTIX
ACFIX
PUTIX vs. ACFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Bond Fund (PUTIX) and Water Island Credit Opportunities Fund (ACFIX). 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.
| PUTIX | ACFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.26 | 0.13 | +2.13 |
Sortino ratioReturn per unit of downside risk | 3.64 | 0.46 | +3.18 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.38 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 0.20 | +2.67 |
Martin ratioReturn relative to average drawdown | 11.37 | 0.27 | +11.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PUTIX | ACFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 0.13 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.22 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.44 | 0.34 | +1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.35 | +0.72 |
Correlation
The correlation between PUTIX and ACFIX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PUTIX vs. ACFIX - Dividend Comparison
PUTIX's dividend yield for the trailing twelve months is around 4.28%, more than ACFIX's 3.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 4.28% | 4.56% | 4.19% | 2.36% | 2.32% | 1.17% | 2.07% | 3.31% | 2.81% | 4.62% | 2.58% | 4.60% |
ACFIX Water Island Credit Opportunities Fund | 3.77% | 4.17% | 4.71% | 4.00% | 3.55% | 2.59% | 2.95% | 3.52% | 2.92% | 3.01% | 2.38% | 2.91% |
Drawdowns
PUTIX vs. ACFIX - Drawdown Comparison
The maximum PUTIX drawdown since its inception was -9.59%, smaller than the maximum ACFIX drawdown of -20.82%. Use the drawdown chart below to compare losses from any high point for PUTIX and ACFIX.
Loading graphics...
Drawdown Indicators
| PUTIX | ACFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -20.82% | +11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -20.82% | +18.86% |
Max Drawdown (5Y)Largest decline over 5 years | -9.59% | -20.82% | +11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -9.59% | -20.82% | +11.23% |
Current DrawdownCurrent decline from peak | -1.55% | -18.84% | +17.29% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -1.47% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 15.31% | -14.82% |
Volatility
PUTIX vs. ACFIX - Volatility Comparison
PIMCO Strategic Bond Fund (PUTIX) has a higher volatility of 0.95% compared to Water Island Credit Opportunities Fund (ACFIX) at 0.44%. This indicates that PUTIX's price experiences larger fluctuations and is considered to be riskier than ACFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PUTIX | ACFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.44% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.08% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 33.56% | -31.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 15.12% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 10.89% | -8.16% |