CCRSX vs. PCLPX

Last updated Jun 3, 2026

CCRSX (Credit Suisse Trust Commodity Return Strategy Portfolio) and PCLPX (PIMCO CommoditiesPLUS Strategy I2) are both Commodities funds. Over the past 10 years, CCRSX returned 6.01%/yr vs 11.62%/yr for PCLPX. Their correlation of 0.85 suggests significant overlap in exposure. CCRSX charges 1.05%/yr vs 0.92%/yr for PCLPX.

Performance

CCRSX vs. PCLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCRSX achieves a 26.97% return, which is significantly lower than PCLPX's 36.00% return. Over the past 10 years, CCRSX has underperformed PCLPX with an annualized return of 6.01%, while PCLPX has yielded a comparatively higher 11.62% annualized return.

CCRSX

• 1D: 1.21%
• 1M: -1.74%
• YTD: 26.97%
• 6M: 26.90%
• 1Y: 38.98%
• 3Y*: 15.84%
• 5Y*: 11.37%
• 10Y*: 6.01%

PCLPX

• 1D: 1.68%
• 1M: -2.15%
• YTD: 36.00%
• 6M: 35.60%
• 1Y: 46.32%
• 3Y*: 16.68%
• 5Y*: 15.49%
• 10Y*: 11.62%

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

CCRSX vs. PCLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCRSX Credit Suisse Trust Commodity Return Strategy Portfolio	26.97%	15.37%	4.86%	-8.88%	15.71%	28.00%	-1.49%	6.69%	-11.63%	-7.99%
PCLPX PIMCO CommoditiesPLUS Strategy I2	36.00%	4.45%	5.92%	0.24%	23.04%	43.50%	-9.12%	19.39%	-12.15%	10.53%

Correlation

The correlation between CCRSX and PCLPX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 31, 2010	0.85

The correlation between CCRSX and PCLPX has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

CCRSX vs. PCLPX — Risk / Return Rank

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

CCRSX

CCRSX Risk / Return Rank: 74
CCRSX Sharpe Ratio Rank: 78
CCRSX Sortino Ratio Rank: 57
CCRSX Omega Ratio Rank: 66
CCRSX Calmar Ratio Rank: 94
CCRSX Martin Ratio Rank: 77

PCLPX

PCLPX Risk / Return Rank: 77
PCLPX Sharpe Ratio Rank: 77
PCLPX Sortino Ratio Rank: 58
PCLPX Omega Ratio Rank: 64
PCLPX Calmar Ratio Rank: 97
PCLPX Martin Ratio Rank: 90

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.

CCRSX vs. PCLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) 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.

	CCRSX	PCLPX	Difference
Sharpe ratio Return per unit of total volatility	2.56	2.56	0.00
Sortino ratio Return per unit of downside risk	3.19	3.20	-0.02
Omega ratio Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio Return relative to maximum drawdown	5.40	6.88	-1.48
Martin ratio Return relative to average drawdown	14.63	17.87	-3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCRSX vs. PCLPX - Sharpe Ratio Comparison

The current CCRSX Sharpe Ratio is 2.56, which is comparable to the PCLPX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of CCRSX and PCLPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CCRSX	PCLPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.56	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.80	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.29	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.16	-0.16

Drawdowns

CCRSX vs. PCLPX - Drawdown Comparison

The maximum CCRSX drawdown since its inception was -93.56%, which is greater than PCLPX's maximum drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for CCRSX and PCLPX.

Drawdown Indicators

	CCRSX	PCLPX	Difference
Max Drawdown Largest peak-to-trough decline	-93.56%	-66.98%	-26.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-6.87%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.56%	-13.55%	+1.99%
Max Drawdown (5Y) Largest decline over 5 years	-83.30%	-21.53%	-61.77%
Max Drawdown (10Y) Largest decline over 10 years	-83.30%	-51.87%	-31.43%
Current Drawdown Current decline from peak	-40.09%	-5.31%	-34.78%
Average Drawdown Average peak-to-trough decline	-51.08%	-24.66%	-26.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.64%	+0.14%

Volatility

CCRSX vs. PCLPX - Volatility Comparison

The current volatility for Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) is 5.30%, while PIMCO CommoditiesPLUS Strategy I2 (PCLPX) has a volatility of 6.93%. This indicates that CCRSX 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.

Volatility by Period

	CCRSX	PCLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	6.93%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	16.82%	-2.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	19.46%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	225.85%	19.52%	+206.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	159.90%	40.63%	+119.27%

CCRSX vs. PCLPX - Expense Ratio Comparison

CCRSX has a 1.05% expense ratio, which is higher than PCLPX's 0.92% expense ratio.

Dividends

CCRSX vs. PCLPX - Dividend Comparison

CCRSX's dividend yield for the trailing twelve months is around 10.92%, more than PCLPX's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCRSX Credit Suisse Trust Commodity Return Strategy Portfolio	10.92%	3.98%	2.95%	26.59%	18.97%	4.82%	5.51%	0.86%	2.91%	0.00%	0.00%	0.00%
PCLPX PIMCO CommoditiesPLUS Strategy I2	1.36%	1.31%	5.22%	4.65%	43.16%	74.10%	0.71%	2.39%	18.62%	12.52%	0.15%	1.92%

Frequently Asked Questions

Can I hold both CCRSX and PCLPX in my portfolio?

CCRSX and PCLPX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCRSX or PCLPX?

PCLPX has higher volatility (6.93%) compared to CCRSX (5.30%). In terms of maximum drawdown, CCRSX dropped -93.56% vs PCLPX's -66.98%.

Which has better risk-adjusted returns?

CCRSX currently has the higher Sharpe Ratio (2.56 vs 2.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.