- Issuer
- PIMCO
- Inception Date
- May 28, 2010
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PCLPX Performance Chart
PIMCO CommoditiesPLUS Strategy I2 (PCLPX) is up 34.2% since the beginning of the year. PCLPX is currently trading at $8 per share. Investors who bought $1,000 worth of PCLPX shares 5 years ago would now be looking at an investment worth $1,959.
Loading charts...
Compare this symbol against anything
Returns By Period
PIMCO CommoditiesPLUS Strategy I2 (PCLPX) has returned 34.17% so far this year and 38.71% over the past 12 months. Over the last ten years, PCLPX has returned 12.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
PIMCO CommoditiesPLUS Strategy I2
- 1D
- -0.49%
- 1M
- 9.80%
- 6M
- 25.22%
- YTD
- 34.17%
- 1Y
- 38.71%
- 3Y*
- 12.16%
- 5Y*
- 14.40%
- 10Y*
- 12.24%
- ALL TIME*
- 5.28%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PCLPX Monthly Returns History
Based on dividend-adjusted daily data since May 28, 2010, PCLPX's average daily return is +0.04%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2020 with a return of +19.2%, while the worst month was Mar 2020 at -28.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PCLPX closed higher 51% of trading days. The best single day was Mar 29, 2021 with a return of +100.0%, while the worst single day was Mar 26, 2021 at -48.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.14% | 2.64% | 17.83% | 7.73% | -4.18% | -8.65% | 9.80% | 34.17% | |||||
| 2025 | 2.91% | -1.34% | 1.36% | -8.49% | 1.14% | 4.29% | 3.11% | 0.30% | 1.07% | 1.50% | -0.59% | -0.30% | 4.45% |
| 2024 | 2.62% | 0.45% | 5.08% | 1.57% | -0.42% | 0.21% | -3.46% | -1.34% | 1.29% | -0.15% | -0.00% | 0.15% | 5.92% |
| 2023 | 1.48% | -3.35% | 0.69% | -0.15% | -6.47% | 3.95% | 9.98% | 0.14% | 1.44% | -2.70% | -1.90% | -1.97% | 0.24% |
| 2022 | 9.27% | 7.07% | 9.17% | 3.83% | 4.11% | -8.19% | 0.60% | -3.69% | -6.12% | 4.74% | 1.51% | 0.39% | 23.04% |
| 2021 | 4.67% | 10.68% | -1.84% | 8.04% | 3.06% | 4.16% | 1.66% | -1.23% | 4.55% | 5.33% | -8.99% | 8.10% | 43.50% |
Benchmark Metrics
PIMCO CommoditiesPLUS Strategy I2 has an annualized alpha of 5.34%, beta of 0.37, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 28, 2010.
- This fund participated in 79.51% of S&P 500 Index downside but only 56.46% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.37 may look defensive, but with R2 of 0.03 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 0.03 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
- 5.34%
- Beta
- 0.37
- R²
- 0.03
- Upside Capture
- 56.46%
- Downside Capture
- 79.51%
Expense Ratio
PCLPX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCLPX ranks 66 for risk / return — above 66% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy I2 (PCLPX) 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.
| PCLPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.00 | +0.32 |
| Martin ratioReturn relative to average drawdown | 7.83 | 8.49 | -0.67 |
Dividends
Dividend History
PIMCO CommoditiesPLUS Strategy I2 provided a 10.55% dividend yield over the last twelve months, with an annual payout of $0.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.09 | $0.34 | $0.30 | $2.92 | $5.76 | $0.07 | $0.26 | $1.75 | $1.56 | $0.02 | $0.21 |
Dividend yield | 10.55% | 1.31% | 5.22% | 4.65% | 43.16% | 74.10% | 0.71% | 2.39% | 18.62% | 12.52% | 0.15% | 1.92% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO CommoditiesPLUS Strategy I2. 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 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.79 | $0.00 | $0.82 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.65 | $2.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.69 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $5.76 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO CommoditiesPLUS Strategy I2. 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 CommoditiesPLUS Strategy I2 was 66.98%, occurring on Mar 26, 2021. Recovery took 234 trading sessions.
The current PIMCO CommoditiesPLUS Strategy I2 drawdown is 6.58%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-66.98%Mar 2021 | 9y 11mo | 11mo 10d | 10y 10moMay 2011 - Mar 2022 | — |
-21.53%Mar 2023 | 9mo 9d | 2y 10mo | 3y 7moJun 2022 - Jan 2026 | — |
-15.49%Jun 2026 | 1mo 6d | — | 2mo 15dMay 2026 - now | — |
-13.34%Mar 2022 | 7d | 2mo 18d | 2mo 25dMar 2022 - Jun 2022 | Bear market2022 |
-7.54%Aug 2010 | 19d | 1mo 1d | 1mo 20dAug 2010 - Sep 2010 | — |
Drawdown Indicators
| PCLPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.98% | -56.78% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -9.10% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | -18.90% | +3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -25.43% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -51.87% | -33.92% | -17.95% |
Current DrawdownCurrent decline from peak | -6.58% | -1.58% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -24.50% | -10.70% | -13.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 2.14% | +2.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PCLPX
Add PIMCO CommoditiesPLUS Strategy I2 to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PCLPX