ARCNX vs. PCLPX
Compare and contrast key facts about AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX).
ARCNX is managed by AQR. PCLPX is an actively managed fund by PIMCO. It was launched on May 28, 2010.
Performance
ARCNX vs. PCLPX - Performance Comparison
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ARCNX vs. PCLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N | 17.04% | 20.76% | 7.19% | -0.50% | 20.97% | 39.48% | 8.11% | 17.68% | -17.83% | 10.20% |
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 30.92% | 4.45% | 5.92% | 0.24% | 23.04% | 43.50% | -9.12% | 19.39% | -12.15% | 10.53% |
Returns By Period
In the year-to-date period, ARCNX achieves a 17.04% return, which is significantly lower than PCLPX's 30.92% return. Both investments have delivered pretty close results over the past 10 years, with ARCNX having a 12.71% annualized return and PCLPX not far ahead at 12.75%.
ARCNX
- 1D
- 0.67%
- 1M
- 6.12%
- YTD
- 17.04%
- 6M
- 26.24%
- 1Y
- 30.47%
- 3Y*
- 14.14%
- 5Y*
- 18.43%
- 10Y*
- 12.71%
PCLPX
- 1D
- 0.81%
- 1M
- 19.05%
- YTD
- 30.92%
- 6M
- 31.70%
- 1Y
- 32.88%
- 3Y*
- 13.71%
- 5Y*
- 17.65%
- 10Y*
- 12.75%
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ARCNX vs. PCLPX - Expense Ratio Comparison
ARCNX has a 1.28% expense ratio, which is higher than PCLPX's 0.92% expense ratio.
Return for Risk
ARCNX vs. PCLPX — Risk / Return Rank
ARCNX
PCLPX
ARCNX vs. PCLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX). 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.
| ARCNX | PCLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.84 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.45 | 2.39 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.11 | -0.04 |
Martin ratioReturn relative to average drawdown | 9.67 | 8.65 | +1.02 |
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
| ARCNX | PCLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.84 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.92 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.32 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.15 | +0.14 |
Correlation
The correlation between ARCNX and PCLPX 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
ARCNX vs. PCLPX - Dividend Comparison
ARCNX's dividend yield for the trailing twelve months is around 11.59%, more than PCLPX's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N | 11.59% | 13.57% | 1.89% | 7.45% | 9.45% | 18.31% | 0.09% | 4.98% | 0.29% | 0.01% | 4.69% | 0.00% |
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 1.41% | 1.31% | 5.22% | 4.65% | 43.16% | 74.10% | 0.71% | 2.39% | 18.62% | 12.52% | 0.15% | 1.92% |
Drawdowns
ARCNX vs. PCLPX - Drawdown Comparison
The maximum ARCNX drawdown since its inception was -55.17%, smaller than the maximum PCLPX drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for ARCNX and PCLPX.
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Drawdown Indicators
| ARCNX | PCLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -66.98% | +11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -10.95% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -21.53% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -32.80% | -51.87% | +19.07% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -26.27% | -24.90% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.94% | -0.73% |
Volatility
ARCNX vs. PCLPX - Volatility Comparison
The current volatility for AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) is 5.36%, while PIMCO CommoditiesPLUS Strategy I2 (PCLPX) has a volatility of 10.35%. This indicates that ARCNX experiences smaller price fluctuations and is considered to be less risky than PCLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCNX | PCLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 10.35% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 14.66% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 18.86% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 19.23% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 40.61% | -23.14% |