- CUSIP
- 722019500
- Issuer
- PIMCO
- Inception Date
- Sep 2, 1993
- Region
- North America (U.S.)
- Category
- Mortgage Backed Securities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PCM Performance Chart
PCM Fund Inc. (PCM) is down 1.3% since the beginning of the year. PCM is currently trading at $6 per share. Investors who bought $1,000 worth of PCM shares 5 years ago would now be looking at an investment worth $853.
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Compare this symbol against anything
Returns By Period
PCM Fund Inc. (PCM) has returned -1.34% so far this year and -0.01% over the past 12 months. Over the last ten years, PCM has returned 4.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
PCM Fund Inc.
- 1D
- 0.45%
- 1M
- -1.52%
- 6M
- -0.26%
- YTD
- -1.34%
- 1Y
- -0.01%
- 3Y*
- -5.43%
- 5Y*
- -3.14%
- 10Y*
- 4.70%
- ALL TIME*
- 5.34%
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%
PCM Monthly Returns History
Based on dividend-adjusted daily data since Aug 27, 1993, PCM's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jan 2023 with a return of +16.7%, while the worst month was Mar 2020 at -24.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PCM closed higher 47% of trading days. The best single day was Nov 24, 2008 with a return of +23.6%, while the worst single day was Mar 18, 2020 at -19.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.08% | 2.57% | -5.35% | 1.66% | -0.14% | -0.45% | 1.66% | -1.34% | |||||
| 2025 | -10.97% | -2.46% | -0.56% | -2.44% | 1.25% | 2.32% | 1.00% | 1.34% | 6.72% | -5.66% | -0.74% | 0.71% | -10.10% |
| 2024 | 2.25% | 2.83% | 1.70% | 7.86% | -8.00% | -6.99% | 4.44% | 1.83% | 4.40% | 1.89% | 0.50% | -3.04% | 8.81% |
| 2023 | 16.71% | 3.40% | -8.97% | 13.45% | -4.14% | 7.91% | -0.76% | -3.23% | -1.35% | -18.35% | 8.31% | 4.12% | 12.44% |
| 2022 | 1.12% | 1.11% | -5.03% | 0.96% | 0.48% | -8.33% | 5.96% | 1.42% | -17.74% | 4.19% | 6.61% | -8.61% | -18.96% |
| 2021 | 5.14% | -1.00% | 4.83% | 2.26% | 1.72% | 1.62% | -2.89% | 3.05% | -2.48% | -1.34% | 1.24% | -3.43% | 8.57% |
Benchmark Metrics
PCM Fund Inc. has an annualized alpha of 4.01%, beta of 0.35, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since August 27, 1993.
- This fund participated in 38.11% of S&P 500 Index downside but only 38.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R2 of 0.09 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 0.09 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
- 4.01%
- Beta
- 0.35
- R²
- 0.09
- Upside Capture
- 38.07%
- Downside Capture
- 38.11%
Return for Risk
Risk / Return Rank
PCM ranks 5 for risk / return — above 5% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for PCM Fund Inc. (PCM) 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.
| PCM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 2.00 | -1.95 |
| Martin ratioReturn relative to average drawdown | 0.09 | 8.49 | -8.40 |
Dividends
Dividend History
PCM Fund Inc. provided a 13.74% dividend yield over the last twelve months, with an annual payout of $0.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.96 | $0.96 | $0.96 | $0.96 | $0.96 | $0.96 | $0.96 | $0.98 | $1.46 | $0.96 |
Dividend yield | 13.74% | 12.56% | 12.47% | 12.06% | 12.20% | 8.96% | 8.95% | 8.38% | 9.46% | 8.47% | 14.60% | 10.39% |
Monthly Dividends
The table displays the monthly dividend distributions for PCM Fund Inc.. 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 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.45 | |||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.77 |
| 2024 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.96 |
| 2023 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.96 |
| 2022 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.96 |
| 2021 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.96 |
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 PCM Fund Inc.. 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 PCM Fund Inc. was 64.88%, occurring on Mar 9, 2009. Recovery took 277 trading sessions.
The current PCM Fund Inc. drawdown is 20.53%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.88%Mar 2009 | 2y 1mo | 1y 1mo | 3y 2moFeb 2007 - Apr 2010 | Financial crisis2007–2009 |
-47.69%Mar 2020 | 28d | 9mo 25d | 10mo 23dFeb 2020 - Jan 2021 | COVID crash2020 |
-29.62%Oct 2023 | 2mo 19d | — | 2y 12moAug 2023 - now | — |
-28.22%Oct 2022 | 1y 2mo | 9mo 27d | 1y 11moAug 2021 - Aug 2023 | Bear market2022 |
-25.16%Dec 1994 | 1y 2mo | 6y 3mo | 7y 5moOct 1993 - Mar 2001 | — |
Drawdown Indicators
| PCM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.88% | -56.78% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -9.10% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -29.62% | -18.90% | -10.72% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -25.43% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -33.92% | -13.77% |
Current DrawdownCurrent decline from peak | -20.53% | -1.58% | -18.95% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -10.70% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 2.14% | +4.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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