ABYAX vs. PQTAX
Compare and contrast key facts about Abbey Capital Futures Strategy Fund Class A (ABYAX) and PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX).
ABYAX is managed by Abbey Capital. It was launched on Aug 29, 2014. PQTAX is managed by PIMCO. It was launched on Dec 31, 2013.
Performance
ABYAX vs. PQTAX - Performance Comparison
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ABYAX vs. PQTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABYAX Abbey Capital Futures Strategy Fund Class A | 4.46% | 1.47% | 0.77% | -3.55% | 16.76% | 3.19% | 7.59% | 8.65% | -6.49% | -0.26% |
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A | 4.61% | 2.06% | -3.31% | -4.52% | 11.06% | 14.52% | 8.48% | 2.63% | 1.98% | 4.51% |
Returns By Period
The year-to-date returns for both investments are quite close, with ABYAX having a 4.46% return and PQTAX slightly higher at 4.61%. Over the past 10 years, ABYAX has underperformed PQTAX with an annualized return of 2.58%, while PQTAX has yielded a comparatively higher 3.64% annualized return.
ABYAX
- 1D
- 0.00%
- 1M
- -1.38%
- YTD
- 4.46%
- 6M
- 7.57%
- 1Y
- 8.17%
- 3Y*
- 2.13%
- 5Y*
- 3.46%
- 10Y*
- 2.58%
PQTAX
- 1D
- 0.28%
- 1M
- -2.24%
- YTD
- 4.61%
- 6M
- 10.21%
- 1Y
- 11.79%
- 3Y*
- 1.77%
- 5Y*
- 3.99%
- 10Y*
- 3.64%
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ABYAX vs. PQTAX - Expense Ratio Comparison
ABYAX has a 2.04% expense ratio, which is higher than PQTAX's 1.81% expense ratio.
Return for Risk
ABYAX vs. PQTAX — Risk / Return Rank
ABYAX
PQTAX
ABYAX vs. PQTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abbey Capital Futures Strategy Fund Class A (ABYAX) and PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ABYAX | PQTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.35 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.85 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.51 | +0.03 |
Martin ratioReturn relative to average drawdown | 3.04 | 3.62 | -0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABYAX | PQTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.35 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.41 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.39 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.45 | +0.01 |
Correlation
The correlation between ABYAX and PQTAX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ABYAX vs. PQTAX - Dividend Comparison
ABYAX's dividend yield for the trailing twelve months is around 1.22%, while PQTAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABYAX Abbey Capital Futures Strategy Fund Class A | 1.22% | 1.27% | 1.68% | 0.99% | 15.33% | 3.57% | 1.36% | 8.50% | 0.00% | 0.00% | 0.00% | 0.06% |
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 14.61% | 2.22% | 4.46% | 2.29% | 0.10% | 2.54% | 0.00% | 7.65% |
Drawdowns
ABYAX vs. PQTAX - Drawdown Comparison
The maximum ABYAX drawdown since its inception was -17.96%, smaller than the maximum PQTAX drawdown of -28.39%. Use the drawdown chart below to compare losses from any high point for ABYAX and PQTAX.
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Drawdown Indicators
| ABYAX | PQTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -28.39% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.30% | -8.04% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -15.23% | -28.39% | +13.16% |
Max Drawdown (10Y)Largest decline over 10 years | -15.23% | -28.39% | +13.16% |
Current DrawdownCurrent decline from peak | -3.92% | -13.57% | +9.65% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -9.31% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.35% | -0.86% |
Volatility
ABYAX vs. PQTAX - Volatility Comparison
The current volatility for Abbey Capital Futures Strategy Fund Class A (ABYAX) is 1.85%, while PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) has a volatility of 3.55%. This indicates that ABYAX experiences smaller price fluctuations and is considered to be less risky than PQTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABYAX | PQTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 3.55% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 6.73% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 8.80% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 9.90% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 9.42% | -1.44% |