BCSKX vs. PCLIX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Commodity Strategies Fund Class K (BCSKX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX).

BCSKX is a passively managed fund by BlackRock that tracks the performance of the Bloomberg Commodity Index Total Return. It was launched on Oct 3, 2011. PCLIX is managed by PIMCO. It was launched on May 27, 2010.

Performance

BCSKX vs. PCLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Commodity Strategies Fund Class K (BCSKX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). The values are adjusted to include any dividend payments, if applicable.

BCSKX vs. PCLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BCSKX BlackRock Commodity Strategies Fund Class K	20.37%	28.88%	4.44%	-4.27%	11.95%	22.49%	6.84%	3.89%	2.06%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	29.48%	5.76%	8.53%	0.69%	23.32%	43.83%	-9.18%	19.37%	-15.28%

Returns By Period

In the year-to-date period, BCSKX achieves a 20.37% return, which is significantly lower than PCLIX's 29.48% return.

BCSKX

• 1D: 0.97%
• 1M: 0.81%
• YTD: 20.37%
• 6M: 27.67%
• 1Y: 41.82%
• 3Y*: 16.50%
• 5Y*: 14.27%
• 10Y*: —

PCLIX

• 1D: -1.01%
• 1M: 15.04%
• YTD: 29.48%
• 6M: 30.43%
• 1Y: 31.23%
• 3Y*: 14.89%
• 5Y*: 18.11%
• 10Y*: 13.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCSKX vs. PCLIX - Expense Ratio Comparison

BCSKX has a 0.67% expense ratio, which is lower than PCLIX's 0.98% expense ratio.

PCLIX

PIMCO CommoditiesPLUS Strategy Fund

BCSKX

BlackRock Commodity Strategies Fund Class K

Return for Risk

BCSKX vs. PCLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCSKX

BCSKX Risk / Return Rank: 96
BCSKX Sharpe Ratio Rank: 97
BCSKX Sortino Ratio Rank: 95
BCSKX Omega Ratio Rank: 93
BCSKX Calmar Ratio Rank: 97
BCSKX Martin Ratio Rank: 98

PCLIX

PCLIX Risk / Return Rank: 84
PCLIX Sharpe Ratio Rank: 85
PCLIX Sortino Ratio Rank: 83
PCLIX Omega Ratio Rank: 78
PCLIX Calmar Ratio Rank: 93
PCLIX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCSKX vs. PCLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Fund Class K (BCSKX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). 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.

	BCSKX	PCLIX	Difference
Sharpe ratio Return per unit of total volatility	2.63	1.69	+0.95
Sortino ratio Return per unit of downside risk	3.31	2.22	+1.09
Omega ratio Gain probability vs. loss probability	1.47	1.31	+0.16
Calmar ratio Return relative to maximum drawdown	4.07	2.99	+1.08
Martin ratio Return relative to average drawdown	20.58	8.28	+12.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCSKX vs. PCLIX - Sharpe Ratio Comparison

The current BCSKX Sharpe Ratio is 2.63, which is higher than the PCLIX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of BCSKX and PCLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BCSKX	PCLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.69	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.95	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.17	+0.59

Correlation

The correlation between BCSKX and PCLIX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BCSKX vs. PCLIX - Dividend Comparison

BCSKX's dividend yield for the trailing twelve months is around 2.60%, more than PCLIX's 1.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCSKX BlackRock Commodity Strategies Fund Class K	2.60%	3.13%	3.66%	9.45%	9.11%	2.72%	0.84%	2.08%	2.02%	0.00%	0.00%	0.00%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	1.45%	2.45%	7.50%	5.06%	42.60%	73.41%	0.77%	2.46%	18.58%	12.63%	0.16%	2.22%

Drawdowns

BCSKX vs. PCLIX - Drawdown Comparison

The maximum BCSKX drawdown since its inception was -30.34%, smaller than the maximum PCLIX drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for BCSKX and PCLIX.

Drawdown Indicators

	BCSKX	PCLIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.34%	-66.60%	+36.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-10.90%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-22.34%	-21.59%	-0.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.78%	—
Current Drawdown Current decline from peak	-0.40%	-1.01%	+0.61%
Average Drawdown Average peak-to-trough decline	-6.67%	-24.39%	+17.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	3.93%	-1.85%

Volatility

BCSKX vs. PCLIX - Volatility Comparison

The current volatility for BlackRock Commodity Strategies Fund Class K (BCSKX) is 4.47%, while PIMCO CommoditiesPLUS Strategy Fund (PCLIX) has a volatility of 10.48%. This indicates that BCSKX experiences smaller price fluctuations and is considered to be less risky than PCLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCSKX	PCLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	10.48%	-6.01%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	14.80%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	18.95%	-2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	19.14%	-3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	40.53%	-25.45%