- ISIN
- US72202G2324
- CUSIP
- 72202G232
- Issuer
- PIMCO
- Inception Date
- Dec 10, 2019
- Category
- Corporate Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PCEWX Performance Chart
PIMCO Climate Bond Fund (PCEWX) is up 0.3% since the beginning of the year. PCEWX is currently trading at $9 per share. Investors who bought $1,000 worth of PCEWX shares 5 years ago would now be looking at an investment worth $1,037.
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Returns By Period
PIMCO Climate Bond Fund (PCEWX) has returned 0.31% so far this year and 2.84% over the past 12 months.
PIMCO Climate Bond Fund
- 1D
- 0.11%
- 1M
- 0.84%
- YTD
- 0.31%
- 6M
- -0.29%
- 1Y
- 2.84%
- 3Y*
- 5.09%
- 5Y*
- 0.73%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PCEWX Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2019, PCEWX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +3.8%, while the worst month was Mar 2020 at -7.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PCEWX closed higher 42% of trading days. The best single day was Nov 10, 2022 with a return of +1.4%, while the worst single day was Mar 18, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | 1.23% | -2.48% | 0.62% | 0.62% | -0.11% | 0.31% | ||||||
| 2025 | 0.64% | 1.63% | -0.29% | 1.18% | -0.15% | 1.16% | 0.06% | 1.07% | 0.38% | 0.73% | 0.47% | -1.14% | 5.87% |
| 2024 | 0.26% | -0.96% | 1.00% | -1.65% | 1.13% | 0.74% | 2.15% | 1.00% | 1.17% | -1.49% | 1.21% | -1.05% | 3.47% |
| 2023 | 3.21% | -1.75% | 1.57% | 0.47% | -0.57% | -0.54% | 0.84% | -0.07% | -1.37% | -0.72% | 3.66% | 3.34% | 8.17% |
| 2022 | -2.03% | -1.76% | -2.00% | -2.96% | -0.49% | -2.72% | 3.13% | -3.17% | -4.26% | -0.26% | 3.52% | -0.74% | -13.18% |
| 2021 | -0.10% | -0.86% | -0.66% | 0.78% | 0.39% | 0.41% | 0.90% | 0.12% | -0.54% | -0.74% | -0.26% | 0.69% | 0.11% |
Benchmark Metrics
PIMCO Climate Bond Fund has an annualized alpha of 0.95%, beta of 0.04, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since December 10, 2019.
- This fund participated in 31.93% of S&P 500 Index downside but only 16.48% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.95%
- Beta
- 0.04
- R²
- 0.04
- Upside Capture
- 16.48%
- Downside Capture
- 31.93%
Expense Ratio
PCEWX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCEWX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Climate Bond Fund (PCEWX) and compare them to S&P 500 Index.
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.
| PCEWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.78 | -1.94 |
| Martin ratioReturn relative to average drawdown | 2.45 | 12.44 | -9.99 |
Dividends
Dividend History
PIMCO Climate Bond Fund provided a 3.28% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.30 | $0.31 | $0.22 | $0.47 | $0.26 | $0.22 |
Dividend yield | 3.28% | 3.34% | 3.52% | 2.53% | 5.55% | 2.56% | 2.15% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Climate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.00 | $0.12 | ||||||
| 2025 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2024 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.03 | $0.22 |
| 2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.34 | $0.47 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Climate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO Climate Bond Fund was 17.54%, occurring on Oct 20, 2022. Recovery took 673 trading sessions.
The current PIMCO Climate Bond Fund drawdown is 1.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.54%Oct 2022 | 1y 1mo | 2y 8mo | 3y 9moSep 2021 - Jun 2025 |
COVID crash2020 | -11.42%Mar 2020 | 15d | 4mo | 4mo 15dMar 2020 - Jul 2020 |
2026 pullback2026 | -3.39%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2021 pullback2021 | -1.92%Mar 2021 | 2mo 12d | 2mo 23d | 5mo 5dJan 2021 - Jun 2021 |
2025 pullback2025 | -1.31%Dec 2025 | 29d | 1mo 25d | 2mo 24dDec 2025 - Feb 2026 |
Drawdown Indicators
| PCEWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.54% | -56.78% | +39.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -9.10% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -18.90% | +15.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -25.43% | +7.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.38% | -1.80% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -10.71% | +5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.03% | -0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with PCEWX
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