PUTIX vs. STBNX
PUTIX (PIMCO Strategic Bond Fund) and STBNX (Ocean Park Tactical Bond Fund) are both Nontraditional Bonds funds. Over the past 5 years, PUTIX returned 2.98%/yr vs 1.34%/yr for STBNX. Their 0.42 correlation means their historical movements had little consistent relationship. PUTIX charges 0.51%/yr vs 1.63%/yr for STBNX.
Performance
PUTIX vs. STBNX - Performance Comparison
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Returns By Period
In the year-to-date period, PUTIX achieves a 1.49% return, which is significantly higher than STBNX's 0.83% return.
PUTIX
- 1D
- -0.18%
- 1M
- -0.55%
- 6M
- 0.78%
- YTD
- 1.49%
- 1Y
- 5.28%
- 3Y*
- 6.52%
- 5Y*
- 2.98%
- 10Y*
- 3.95%
- ALL TIME*
- 3.25%
STBNX
- 1D
- 0.25%
- 1M
- -0.44%
- 6M
- 0.44%
- YTD
- 0.83%
- 1Y
- 3.57%
- 3Y*
- 3.27%
- 5Y*
- 1.34%
- 10Y*
- —
- ALL TIME*
- 3.96%
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 |
PUTIX vs. STBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 1.49% | 8.12% | 6.35% | 6.65% | -6.51% | 0.44% | 4.33% | 2.59% |
STBNX Ocean Park Tactical Bond Fund | 0.83% | -0.37% | 6.36% | 6.76% | -4.47% | 1.11% | 15.56% | 2.41% |
Correlation
The correlation between PUTIX and STBNX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019 | 0.42 |
Over the past year, PUTIX and STBNX have become more correlated (0.65) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
PUTIX vs. STBNX — Risk / Return Rank
PUTIX
STBNX
PUTIX vs. STBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Bond Fund (PUTIX) and Ocean Park Tactical Bond Fund (STBNX). 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.
| PUTIX | STBNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.22 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 1.47 | +2.21 |
| Martin ratioReturn relative to average drawdown | 15.43 | 6.54 | +8.89 |
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Drawdowns
PUTIX vs. STBNX - Drawdown Comparison
The maximum PUTIX drawdown since its inception was -9.59%, which is greater than STBNX's maximum drawdown of -8.04%. Use the drawdown chart below to compare losses from any high point for PUTIX and STBNX.
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Drawdown Indicators
| PUTIX | STBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -8.04% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -2.44% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -6.96% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -8.04% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -9.59% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.17% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -2.60% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.55% | -0.16% |
Volatility
PUTIX vs. STBNX - Volatility Comparison
The current volatility for PIMCO Strategic Bond Fund (PUTIX) is 0.59%, while Ocean Park Tactical Bond Fund (STBNX) has a volatility of 0.70%. This indicates that PUTIX experiences smaller price fluctuations and is considered to be less risky than STBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUTIX | STBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.70% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 2.51% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 3.07% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 3.97% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 4.91% | -2.22% |
PUTIX vs. STBNX - Expense Ratio Comparison
PUTIX has a 0.51% expense ratio, which is lower than STBNX's 1.63% expense ratio.
Dividends
PUTIX vs. STBNX - Dividend Comparison
PUTIX's dividend yield for the trailing twelve months is around 4.32%, less than STBNX's 5.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTIX PIMCO Strategic Bond Fund | 4.32% | 4.56% | 4.19% | 2.36% | 2.32% | 1.17% | 2.07% | 3.31% | 2.81% | 4.62% | 2.58% | 4.60% |
STBNX Ocean Park Tactical Bond Fund | 5.34% | 4.98% | 5.17% | 4.53% | 1.41% | 2.74% | 6.55% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PUTIX and STBNX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STBNX has higher volatility (0.70%) compared to PUTIX (0.59%). In terms of maximum drawdown, PUTIX dropped -9.59% vs STBNX's -8.04%.
PUTIX currently has the higher Sharpe Ratio (2.43 vs 1.17), 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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