MPV vs. PCN
MPV (Barings Participation Investors) is a stock, while PCN (PIMCO Corporate & Income Strategy Fund) is Multisector Bonds fund actively managed by PIMCO. Over the past 10 years, MPV returned 8.71%/yr vs 6.85%/yr for PCN. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
MPV vs. PCN - Performance Comparison
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Returns By Period
In the year-to-date period, MPV achieves a 4.35% return, which is significantly higher than PCN's -2.18% return. Over the past 10 years, MPV has outperformed PCN with an annualized return of 8.71%, while PCN has yielded a comparatively lower 6.85% annualized return.
MPV
- 1D
- -0.18%
- 1M
- -0.61%
- 6M
- -11.09%
- YTD
- 4.35%
- 1Y
- -7.64%
- 3Y*
- 17.09%
- 5Y*
- 11.68%
- 10Y*
- 8.71%
- ALL TIME*
- 9.16%
PCN
- 1D
- 0.52%
- 1M
- -0.48%
- 6M
- -3.57%
- YTD
- -2.18%
- 1Y
- 3.15%
- 3Y*
- 4.89%
- 5Y*
- 0.22%
- 10Y*
- 6.85%
- ALL TIME*
- 9.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $311.11K | $252.14K | $238.89K | |
| $3.16M | $3.77M | $3.67M |
MPV vs. PCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPV Barings Participation Investors | 4.35% | 0.74% | 20.52% | 39.14% | -10.73% | 31.93% | -21.01% | 14.57% | 14.84% | 7.04% |
PCN PIMCO Corporate & Income Strategy Fund | -2.18% | 5.55% | 19.52% | 16.22% | -22.88% | 6.93% | -2.19% | 39.10% | -5.94% | 26.20% |
Correlation
The correlation between MPV and PCN is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2001 | 0.08 |
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Return for Risk
MPV vs. PCN — Risk / Return Rank
MPV
PCN
MPV vs. PCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Participation Investors (MPV) and PIMCO Corporate & Income Strategy Fund (PCN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MPV | PCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.30 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.82 | 0.77 | -1.59 |
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Drawdowns
MPV vs. PCN - Drawdown Comparison
The maximum MPV drawdown since its inception was -54.02%, smaller than the maximum PCN drawdown of -61.12%. Use the drawdown chart below to compare losses from any high point for MPV and PCN.
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Drawdown Indicators
| MPV | PCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -61.12% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -20.76% | -10.40% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -22.53% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -33.39% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -54.02% | -50.27% | -3.75% |
Current DrawdownCurrent decline from peak | -16.27% | -4.73% | -11.54% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -7.19% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.31% | 4.10% | +5.21% |
Volatility
MPV vs. PCN - Volatility Comparison
Barings Participation Investors (MPV) has a higher volatility of 5.66% compared to PIMCO Corporate & Income Strategy Fund (PCN) at 2.42%. This indicates that MPV's price experiences larger fluctuations and is considered to be riskier than PCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPV | PCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 2.42% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 7.46% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 10.04% | +15.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.31% | 16.18% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.92% | 21.92% | +4.00% |
Dividends
MPV vs. PCN - Dividend Comparison
MPV's dividend yield for the trailing twelve months is around 9.12%, less than PCN's 11.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPV Barings Participation Investors | 9.12% | 9.31% | 9.19% | 8.27% | 6.98% | 5.41% | 6.73% | 6.70% | 7.18% | 7.66% | 7.61% | 7.86% |
PCN PIMCO Corporate & Income Strategy Fund | 11.54% | 10.58% | 10.06% | 10.88% | 12.66% | 7.89% | 7.83% | 7.37% | 9.60% | 7.85% | 11.98% | 10.22% |
Frequently Asked Questions
MPV and PCN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPV has higher volatility (5.66%) compared to PCN (2.42%). In terms of maximum drawdown, MPV dropped -54.02% vs PCN's -61.12%.
PCN currently has the higher Sharpe Ratio (0.32 vs -0.30), 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.
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