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PIMCO CommoditiesPLUS Strategy I2 (PCLPX) Sharpe Ratio: 2.56

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The PIMCO CommoditiesPLUS Strategy Fund aims to achieve total return exceeding its benchmark by investing in commodity-linked derivative instruments backed by an actively managed, low volatility portfolio of fixed income instruments, and may also invest directly in commodities.

PCLPX's Sharpe Ratio of 2.56 indicates that for each unit of volatility, it generates 2.56 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PCLPX Sharpe Ratio Rank

PCLPX Sharpe Ratio Rank: 77.377
Above Average

PCLPX ranks above 77.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

PCLPX Sharpe Ratio Market Positioning

The chart shows PCLPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares PIMCO CommoditiesPLUS Strategy I2's Sharpe Ratio with other mutual funds in the Commodities category across multiple time periods, showing how PCLPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
JCRAXALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund3.42
FIQRXFidelity Advisor Global Commodity Stock Fund Class Z3.21
FFGCXFidelity Global Commodity Stock Fund3.20
EIPCXParametric Commodity Strategy Fund Class I3.20
FFGIXFidelity Advisor Global Commodity Stock Fund Class I3.19
FFGAXFidelity Advisor Global Commodity Stock Fund Class A3.17
BRCYXInvesco Balanced-Risk Commodity Strategy Fund3.16
EAPCXParametric Commodity Strategy Fund Class A3.15
FFGTXFidelity Advisor Global Commodity Stock Fund Class M3.14
BRCAXInvesco Balanced-Risk Commodity Strategy Fund Class A3.12
PCLPXPIMCO CommoditiesPLUS Strategy I22.56

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PCLPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PCLPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PCLPX fit in your portfolio?

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