- Issuer
- PIMCO
- Inception Date
- Jan 2, 2014
- Category
- Systematic Trend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
Share Price Chart
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Performance
PQTIX Performance Chart
PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) is up 6.5% since the beginning of the year. PQTIX is currently trading at $11 per share. Investors who bought $1,000 worth of PQTIX shares 5 years ago would now be looking at an investment worth $1,207.
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Returns By Period
PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) has returned 6.45% so far this year and 21.06% over the past 12 months. Over the last ten years, PQTIX has returned 4.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
PIMCO TRENDS Managed Futures Strategy Fund Institutional Class
- 1D
- 0.26%
- 1M
- 1.61%
- YTD
- 6.45%
- 6M
- 8.69%
- 1Y
- 21.06%
- 3Y*
- 0.74%
- 5Y*
- 3.84%
- 10Y*
- 4.40%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PQTIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, PQTIX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Sep 2022 with a return of +6.9%, while the worst month was Nov 2022 at -9.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PQTIX closed higher 50% of trading days. The best single day was Mar 9, 2020 with a return of +4.6%, while the worst single day was Nov 26, 2021 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.27% | 3.71% | -2.97% | 0.63% | 1.16% | 0.62% | 6.45% | ||||||
| 2025 | -1.92% | -2.34% | -0.30% | -3.01% | -2.79% | 2.13% | -0.83% | 3.36% | 3.05% | 1.68% | 1.26% | 2.39% | 2.39% |
| 2024 | -0.93% | 2.82% | 1.64% | 1.53% | -2.83% | -2.64% | -1.03% | -3.31% | 1.17% | -3.86% | 2.21% | 2.65% | -2.88% |
| 2023 | 0.71% | -0.09% | -7.00% | 1.90% | 3.74% | 0.09% | -2.34% | -3.87% | 4.31% | 1.01% | -5.73% | 3.76% | -4.19% |
| 2022 | 0.35% | 3.03% | 5.67% | 6.48% | -1.20% | 4.31% | -4.51% | 0.77% | 6.93% | -0.07% | -8.97% | -0.53% | 11.62% |
| 2021 | -0.49% | 1.66% | 1.94% | 1.60% | 2.50% | 0.84% | 1.17% | 1.78% | 3.19% | 2.99% | -4.81% | 1.80% | 14.87% |
Benchmark Metrics
PIMCO TRENDS Managed Futures Strategy Fund Institutional Class has an annualized alpha of 6.40%, beta of -0.10, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.
- This fund captured 5.01% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -25.71%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.10 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
- 6.40%
- Beta
- -0.10
- R²
- 0.03
- Upside Capture
- 5.01%
- Downside Capture
- -25.71%
Expense Ratio
PQTIX has a high expense ratio of 1.54%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PQTIX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and compare them to S&P 500 Index.
| PQTIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 2.93 | +1.58 |
| Martin ratioReturn relative to average drawdown | 12.80 | 13.52 | -0.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PIMCO TRENDS Managed Futures Strategy Fund Institutional Class provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $0.28 | $0.58 | $0.25 | $0.04 | $0.02 | $0.00 | $0.74 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 14.83% | 2.47% | 5.65% | 2.55% | 0.39% | 0.25% | 0.00% | 8.06% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.19 | $1.66 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.17 | $0.28 |
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 TRENDS Managed Futures Strategy Fund Institutional Class. 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 TRENDS Managed Futures Strategy Fund Institutional Class was 27.65%, occurring on May 14, 2025. The portfolio has not yet recovered.
The current PIMCO TRENDS Managed Futures Strategy Fund Institutional Class drawdown is 10.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -27.65%May 2025 | 2y 6mo | — | 3y 7moOct 2022 - now |
Rate-hike selloffLate 2018 | -14.51%Nov 2018 | 3y 7mo | 9mo 24d | 4y 5moMar 2015 - Aug 2019 |
Bear market2022 | -11.21%Aug 2022 | 1mo 27d | 2mo 4d | 4mo 1dJun 2022 - Oct 2022 |
2020 correction2020 | -10.90%Sep 2020 | 6mo 4d | 5mo 3d | 11mo 7dMar 2020 - Feb 2021 |
2019 pullback2019 | -6.71%Dec 2019 | 3mo | 3mo 7d | 6mo 7dSep 2019 - Mar 2020 |
Drawdown Indicators
| PQTIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.65% | -56.78% | +29.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -9.10% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.59% | -18.90% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.65% | -25.43% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -27.65% | -33.92% | +6.27% |
Current DrawdownCurrent decline from peak | -10.89% | -0.74% | -10.15% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -10.72% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.97% | -0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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