UTEN vs. PONAX
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.
Key characteristics
| UTEN | PONAX | |
|---|---|---|
| YTD Return | -0.10% | 4.50% |
| 1Y Return | 6.64% | 10.21% |
| Sharpe Ratio | 0.78 | 2.21 |
| Sortino Ratio | 1.16 | 3.35 |
| Omega Ratio | 1.14 | 1.44 |
| Calmar Ratio | 0.55 | 1.77 |
| Martin Ratio | 2.24 | 11.87 |
| Ulcer Index | 2.67% | 0.82% |
| Daily Std Dev | 7.64% | 4.43% |
| Max Drawdown | -13.36% | -13.42% |
| Current Drawdown | -4.98% | -1.74% |
Correlation
The correlation between UTEN and PONAX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UTEN vs. PONAX - Performance Comparison
In the year-to-date period, UTEN achieves a -0.10% return, which is significantly lower than PONAX's 4.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UTEN vs. PONAX - Expense Ratio Comparison
UTEN has a 0.15% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Risk-Adjusted Performance
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.
Dividends
UTEN vs. PONAX - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.09%, less than PONAX's 5.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | 4.09% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.85% | 5.82% | 5.97% | 3.62% | 4.46% | 5.40% | 5.22% | 4.96% | 5.17% | 7.41% | 6.09% | 5.23% |
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.
Volatility
UTEN vs. PONAX - Volatility Comparison
US Treasury 10 Year Note ETF (UTEN) has a higher volatility of 1.71% compared to PIMCO Income Fund Class A (PONAX) at 0.81%. 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.