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EIPCX vs. PCLIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EIPCX vs. PCLIX

Last updated Apr 1, 2026

Compare and contrast key facts about Parametric Commodity Strategy Fund Class I (EIPCX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX).

EIPCX is managed by Eaton Vance. It was launched on May 25, 2011. PCLIX is managed by PIMCO. It was launched on May 27, 2010.

Performance

EIPCX vs. PCLIX - Performance Comparison

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

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EIPCX vs. PCLIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIPCX
Parametric Commodity Strategy Fund Class I		16.44%22.27%9.97%-4.70%17.76%30.13%7.83%9.58%-9.45%7.07%
PCLIX
PIMCO CommoditiesPLUS Strategy Fund		30.80%5.76%8.53%0.69%23.32%43.83%-9.18%19.37%-12.02%10.86%

Returns By Period

In the year-to-date period, EIPCX achieves a 16.44% return, which is significantly lower than PCLIX's 30.80% return. Over the past 10 years, EIPCX has underperformed PCLIX with an annualized return of 11.37%, while PCLIX has yielded a comparatively higher 13.29% annualized return.

EIPCX

1D
0.52%
1M
5.61%
YTD
16.44%
6M
25.65%
1Y
32.48%
3Y*
15.11%
5Y*
16.28%
10Y*
11.37%

PCLIX

1D
0.79%
1M
19.14%
YTD
30.80%
6M
31.76%
1Y
32.96%
3Y*
15.28%
5Y*
18.66%
10Y*
13.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Parametric Commodity Strategy Fund Class I

PIMCO CommoditiesPLUS Strategy Fund

Often compared with EIPCX:
EIPCX vs. PDBCEIPCX vs. BCDEIPCX vs. EAPCXEIPCX vs. AAAZXEIPCX vs. SPYEIPCX vs. SWMCXEIPCX vs. FFGCX
Often compared with PCLIX:
PCLIX vs. VCMDXPCLIX vs. GUNRPCLIX vs. XLEPCLIX vs. FGKFXPCLIX vs. BCDPCLIX vs. VEGBXPCLIX vs. PIMIX

EIPCX vs. PCLIX - Expense Ratio Comparison

EIPCX has a 0.66% expense ratio, which is lower than PCLIX's 0.98% expense ratio.

PCLIX
PIMCO CommoditiesPLUS Strategy Fund
EIPCX
Parametric Commodity Strategy Fund Class I

Return for Risk

EIPCX vs. PCLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIPCX
EIPCX Risk / Return Rank: 9494
Overall Rank
EIPCX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EIPCX Sortino Ratio Rank: 9393
Sortino Ratio Rank
EIPCX Omega Ratio Rank: 9090
Omega Ratio Rank
EIPCX Calmar Ratio Rank: 9696
Calmar Ratio Rank
EIPCX Martin Ratio Rank: 9595
Martin Ratio Rank
PCLIX
PCLIX Risk / Return Rank: 8888
Overall Rank
PCLIX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
PCLIX Sortino Ratio Rank: 8888
Sortino Ratio Rank
PCLIX Omega Ratio Rank: 8484
Omega Ratio Rank
PCLIX Calmar Ratio Rank: 9494
Calmar Ratio Rank
PCLIX Martin Ratio Rank: 8484
Martin Ratio Rank
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.

EIPCX vs. PCLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) 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.

EIPCXPCLIXDifference

Sharpe ratio

Return per unit of total volatility

2.24

1.83

+0.41

Sortino ratio

Return per unit of downside risk

2.82

2.38

+0.45

Omega ratio

Gain probability vs. loss probability

1.40

1.34

+0.07

Calmar ratio

Return relative to maximum drawdown

3.60

3.13

+0.46

Martin ratio

Return relative to average drawdown

12.73

8.68

+4.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIPCX vs. PCLIX - Sharpe Ratio Comparison

The current EIPCX Sharpe Ratio is 2.24, which is comparable to the PCLIX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of EIPCX 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.

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Sharpe Ratios by Period

EIPCXPCLIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

1.83

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

0.98

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.86

0.33

+0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.17

+0.07

Correlation

The correlation between EIPCX and PCLIX is 0.83, 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

EIPCX vs. PCLIX - Dividend Comparison

EIPCX's dividend yield for the trailing twelve months is around 11.45%, more than PCLIX's 1.43% yield.

TTM20252024202320222021202020192018201720162015
EIPCX
Parametric Commodity Strategy Fund Class I		11.45%13.33%5.65%3.69%14.93%13.83%3.10%1.54%0.87%5.14%6.59%0.00%
PCLIX
PIMCO CommoditiesPLUS Strategy Fund		1.43%2.45%7.50%5.06%42.60%73.41%0.77%2.46%18.58%12.63%0.16%2.22%

Drawdowns

EIPCX vs. PCLIX - Drawdown Comparison

The maximum EIPCX drawdown since its inception was -54.05%, smaller than the maximum PCLIX drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for EIPCX and PCLIX.

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Drawdown Indicators

EIPCXPCLIXDifference

Max Drawdown

Largest peak-to-trough decline

-54.05%

-66.60%

+12.55%

Max Drawdown (1Y)

Largest decline over 1 year

-9.15%

-10.90%

+1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-18.00%

-21.59%

+3.59%

Max Drawdown (10Y)

Largest decline over 10 years

-28.53%

-51.78%

+23.25%

Current Drawdown

Current decline from peak

-1.15%

0.00%

-1.15%

Average Drawdown

Average peak-to-trough decline

-24.51%

-24.39%

-0.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

3.93%

-1.35%

Volatility

EIPCX vs. PCLIX - Volatility Comparison

The current volatility for Parametric Commodity Strategy Fund Class I (EIPCX) is 4.42%, while PIMCO CommoditiesPLUS Strategy Fund (PCLIX) has a volatility of 10.48%. This indicates that EIPCX 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.

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Volatility by Period

EIPCXPCLIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.42%

10.48%

-6.06%

Volatility (6M)

Calculated over the trailing 6-month period

11.76%

14.76%

-3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

14.84%

18.95%

-4.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.64%

19.13%

-4.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.30%

40.53%

-27.23%