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UTEN vs. PONAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

UTEN vs. PONAX

Last updated May 20, 2025

Compare and contrast key facts about US Treasury 10 Year Note ETF (UTEN) and PIMCO Income Fund Class A (PONAX).

UTEN is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTEN or PONAX.

Correlation

The correlation between UTEN and PONAX is 0.13, 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.

Performance

UTEN vs. PONAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 10 Year Note ETF (UTEN) and PIMCO Income Fund Class A (PONAX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

UTEN:

0.52

PONAX:

1.56

Sortino Ratio

UTEN:

0.68

PONAX:

2.13

Omega Ratio

UTEN:

1.08

PONAX:

1.27

Calmar Ratio

UTEN:

0.36

PONAX:

2.07

Martin Ratio

UTEN:

0.88

PONAX:

6.01

Ulcer Index

UTEN:

3.66%

PONAX:

0.97%

Daily Std Dev

UTEN:

7.26%

PONAX:

4.07%

Max Drawdown

UTEN:

-13.36%

PONAX:

-13.42%

Current Drawdown

UTEN:

-4.11%

PONAX:

-1.01%

Returns By Period

The year-to-date returns for both stocks are quite close, with UTEN having a 2.52% return and PONAX slightly lower at 2.44%.

UTEN

YTD

2.52%

1M

-0.63%

6M

1.83%

1Y

3.72%

3Y*

N/A

5Y*

N/A

10Y*

N/A

PONAX

YTD

2.44%

1M

0.58%

6M

3.05%

1Y

6.30%

3Y*

5.22%

5Y*

4.08%

10Y*

3.82%

*Annualized

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US Treasury 10 Year Note ETF

PIMCO Income Fund Class A

UTEN vs. PONAX - Expense Ratio Comparison

UTEN has a 0.15% expense ratio, which is lower than PONAX's 1.02% expense ratio.

PONAX
PIMCO Income Fund Class A
UTEN
US Treasury 10 Year Note ETF

Risk-Adjusted Performance

UTEN vs. PONAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UTEN
The Risk-Adjusted Performance Rank of UTEN is 3939
Overall Rank
The Sharpe Ratio Rank of UTEN is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of UTEN is 3939
Sortino Ratio Rank
The Omega Ratio Rank of UTEN is 3333
Omega Ratio Rank
The Calmar Ratio Rank of UTEN is 4343
Calmar Ratio Rank
The Martin Ratio Rank of UTEN is 3131
Martin Ratio Rank
PONAX
The Risk-Adjusted Performance Rank of PONAX is 8989
Overall Rank
The Sharpe Ratio Rank of PONAX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of PONAX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of PONAX is 8787
Omega Ratio Rank
The Calmar Ratio Rank of PONAX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of PONAX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UTEN vs. PONAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) 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.

The current UTEN Sharpe Ratio is 0.52, which is lower than the PONAX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of UTEN and PONAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

UTEN vs. PONAX - Dividend Comparison

UTEN's dividend yield for the trailing twelve months is around 4.18%, less than PONAX's 5.84% yield.

TTM20242023202220212020201920182017201620152014
UTEN
US Treasury 10 Year Note ETF		4.18%4.13%3.62%1.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PONAX
PIMCO Income Fund Class A		5.84%5.87%5.82%5.97%3.62%4.46%5.42%5.23%4.96%5.17%7.42%6.12%

Drawdowns

UTEN vs. PONAX - Drawdown Comparison

The maximum UTEN drawdown since its inception was -13.36%, roughly equal to the maximum PONAX drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for UTEN and PONAX. For additional features, visit the drawdowns tool.

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Volatility

UTEN vs. PONAX - Volatility Comparison

US Treasury 10 Year Note ETF (UTEN) has a higher volatility of 2.06% compared to PIMCO Income Fund Class A (PONAX) at 1.44%. This indicates that UTEN'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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