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TFAZX vs. PUTIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TFAZX vs. PUTIX

Last updated Jun 23, 2026

TFAZX (TFA Tactical Income Fund) and PUTIX (PIMCO Strategic Bond Fund) are both Nontraditional Bonds funds. Over the past 5 years, TFAZX returned -0.42%/yr vs 3.05%/yr for PUTIX. At a 0.41 correlation, their price movements are largely independent. TFAZX charges 1.97%/yr vs 0.51%/yr for PUTIX.

Performance

TFAZX vs. PUTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TFA Tactical Income Fund (TFAZX) and PIMCO Strategic Bond Fund (PUTIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TFAZX achieves a 2.00% return, which is significantly higher than PUTIX's 1.45% return.

TFAZX

1D
0.23%
1M
0.23%
YTD
2.00%
6M
1.92%
1Y
7.50%
3Y*
2.56%
5Y*
-0.42%
10Y*
—

PUTIX

1D
0.09%
1M
0.81%
YTD
1.45%
6M
2.03%
1Y
6.87%
3Y*
6.87%
5Y*
3.05%
10Y*
4.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TFAZX vs. PUTIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TFAZX
TFA Tactical Income Fund		2.00%5.78%-1.56%-0.20%-9.93%5.85%2.99%4.44%
PUTIX
PIMCO Strategic Bond Fund		1.45%8.12%6.35%6.65%-6.51%0.44%4.33%2.09%

Correlation

The correlation between TFAZX and PUTIX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2019

0.41

The correlation between TFAZX and PUTIX has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TFA Tactical Income Fund

PIMCO Strategic Bond Fund

Often compared with TFAZX:
TFAZX vs. MWTIXTFAZX vs. TFAQXTFAZX vs. TFAFXTFAZX vs. AFLIXTFAZX vs. DCAIXTFAZX vs. DFLEXTFAZX vs. SCFZX
Often compared with PUTIX:
PUTIX vs. PFIUXPUTIX vs. SIFFXPUTIX vs. MWCIXPUTIX vs. RBSIXPUTIX vs. APFPXPUTIX vs. MAHIXPUTIX vs. SVARX

Return for Risk

TFAZX vs. PUTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TFAZX
TFAZX Risk / Return Rank: 3333
Overall Rank
TFAZX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
TFAZX Sortino Ratio Rank: 2929
Sortino Ratio Rank
TFAZX Omega Ratio Rank: 3535
Omega Ratio Rank
TFAZX Calmar Ratio Rank: 3232
Calmar Ratio Rank
TFAZX Martin Ratio Rank: 3939
Martin Ratio Rank
PUTIX
PUTIX Risk / Return Rank: 9393
Overall Rank
PUTIX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
PUTIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
PUTIX Omega Ratio Rank: 9494
Omega Ratio Rank
PUTIX Calmar Ratio Rank: 8989
Calmar Ratio Rank
PUTIX Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TFAZX vs. PUTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TFA Tactical Income Fund (TFAZX) and PIMCO Strategic Bond Fund (PUTIX). 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.

TFAZXPUTIXDifference
Sharpe ratioReturn per unit of total volatility
1.50
2.76

-1.27

Sortino ratioReturn per unit of downside risk
2.07
4.89

-2.82

Omega ratioGain probability vs. loss probability

1.29

1.72

-0.43

Calmar ratioReturn relative to maximum drawdown

2.01

4.21

-2.20

Martin ratioReturn relative to average drawdown

7.92

18.22

-10.30

TFAZX vs. PUTIX - Sharpe Ratio Comparison

The current TFAZX Sharpe Ratio is 1.50, which is lower than the PUTIX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of TFAZX and PUTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TFAZX vs. PUTIX - Drawdown Comparison

The maximum TFAZX drawdown since its inception was -17.69%, which is greater than PUTIX's maximum drawdown of -9.59%. Use the drawdown chart below to compare losses from any high point for TFAZX and PUTIX.

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Drawdown Indicators

TFAZXPUTIXDifference

Max Drawdown

Largest peak-to-trough decline

-17.69%

-9.59%

-8.10%

Max Drawdown (1Y)

Largest decline over 1 year

-3.84%

-1.65%

-2.19%

Max Drawdown (3Y)

Largest decline over 3 years

-7.15%

-1.96%

-5.19%

Max Drawdown (5Y)

Largest decline over 5 years

-16.73%

-9.52%

-7.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-9.59%

—

Current Drawdown

Current decline from peak

-6.28%

-0.28%

-6.00%

Average Drawdown

Average peak-to-trough decline

-8.03%

-1.24%

-6.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.97%

0.38%

+0.59%

Volatility

TFAZX vs. PUTIX - Volatility Comparison

TFA Tactical Income Fund (TFAZX) has a higher volatility of 1.59% compared to PIMCO Strategic Bond Fund (PUTIX) at 0.91%. This indicates that TFAZX's price experiences larger fluctuations and is considered to be riskier than PUTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TFAZXPUTIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.59%

0.91%

+0.68%

Volatility (6M)

Calculated over the trailing 6-month period

3.87%

2.03%

+1.84%

Volatility (1Y)

Calculated over the trailing 1-year period

5.17%

2.51%

+2.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.46%

2.77%

+2.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.96%

2.72%

+4.24%

TFAZX vs. PUTIX - Expense Ratio Comparison

TFAZX has a 1.97% expense ratio, which is higher than PUTIX's 0.51% expense ratio.

Dividends

TFAZX vs. PUTIX - Dividend Comparison

TFAZX's dividend yield for the trailing twelve months is around 2.12%, less than PUTIX's 4.67% yield.

PositionTTM20252024202320222021202020192018201720162015
PUTIX
PIMCO Strategic Bond Fund		4.67%4.56%4.19%2.36%2.32%1.17%2.07%3.31%2.81%4.62%2.58%4.60%
TFAZX
TFA Tactical Income Fund		2.12%2.16%0.00%3.05%0.97%16.23%1.04%0.62%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TFAZX and PUTIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TFAZX has higher volatility (1.59%) compared to PUTIX (0.91%). In terms of maximum drawdown, TFAZX dropped -17.69% vs PUTIX's -9.59%.

PUTIX currently has the higher Sharpe Ratio (2.76 vs 1.50), 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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