PIMCO Credit Opportunities Bond Fund (PPCRX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PPCRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PPCRX
PPCRX charges 1.00% annually. There are 38 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | PPCRX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | PPCRX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | PPCRX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | PPCRX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | PPCRX vs FPFIX |
Best Risk-Adjusted Alternatives to PPCRX
PPCRX has a PortfoliosLab risk / return rank of 7. There are 70 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | PPCRX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | PPCRX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | PPCRX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | PPCRX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | PPCRX vs EGRIX |
Top Performing PPCRX Alternatives (YTD)
PPCRX is at -0.12% YTD. There are 66 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 7.87%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 7.87% | — | Aug 2010 | PPCRX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.46% | — | Apr 2015 | PPCRX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.95% | — | Jun 2007 | PPCRX vs EIGMX | |
| Artisan Global Unconstrained Fund | 3.91% | — | Mar 2022 | PPCRX vs APFPX | |
| T. Rowe Price Dynamic Global Bond Fund | 3.66% | — | Jan 2015 | PPCRX vs RPIEX |
Lowest Volatility Alternatives to PPCRX
PPCRX has 3.71% 1-year volatility. There are 60 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | PPCRX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | PPCRX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.33% | — | Oct 2011 | PPCRX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.37% | — | Sep 2011 | PPCRX vs BGCIX | |
| DoubleLine Flexible Income Fund | 1.38% | — | Apr 2014 | PPCRX vs DFLEX |
Lowest Drawdown Alternatives to PPCRX
PPCRX has a 1-year max drawdown of -4.58%. There are 68 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | PPCRX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | PPCRX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | PPCRX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | PPCRX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.86% | — | Mar 2011 | PPCRX vs PADZX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 45 | 1.54% | — | Mar 2007 | PPCRX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 2 | -0.66% | — | Dec 2002 | PPCRX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 39 | 1.34% | — | Apr 2007 | PPCRX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 25 | 1.05% | — | May 1987 | PPCRX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 7 | -1.37% | — | Dec 2001 | PPCRX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 43 | 1.49% | — | — | PPCRX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 33 | 9.24% | — | Aug 2007 | PPCRX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 12 | 1.12% | — | Oct 2004 | PPCRX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 12 | 0.96% | — | Dec 1992 | PPCRX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 41 | 12.84% | — | Oct 2003 | PPCRX vs PISIX |
Often Compared With PPCRX
Investors most often compare PPCRX with WAVLX, AFLIX, PCRIX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Wavelength Interest Rate Neutral Fund | Nontraditional Bonds | 63 | 2.77% | — | Sep 2013 | PPCRX vs WAVLX | |
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 94 | 1.58% | — | Jun 2013 | PPCRX vs AFLIX | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 35 | 13.75% | — | Jun 2002 | PPCRX vs PCRIX | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 79 | 20.98% | — | Jun 2015 | PPCRX vs PMJIX | |
| Templeton Global Total Return Fund | Nontraditional Bonds | 20 | 2.41% | — | Sep 2008 | PPCRX vs TTRZX | |
| Anchor Risk Managed Credit Strategies Fund | Nontraditional Bonds | 33 | 2.55% | — | Sep 2015 | PPCRX vs ATCSX |
Compare PPCRX with Any Fund or Stock
Compare PPCRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PPCRX with funds that move differently
PIMCO Credit Opportunities Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PPCRX.
Explore PPCRX Diversifiers