PCLAX vs. ARCNX
Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX).
PCLAX is managed by PIMCO. It was launched on May 28, 2010. ARCNX is managed by AQR.
Performance
PCLAX vs. ARCNX - Performance Comparison
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PCLAX vs. ARCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCLAX PIMCO CommoditiesPLUS Strategy Fund | 29.30% | 4.13% | 5.76% | -0.14% | 22.73% | 43.18% | -9.67% | 19.19% | -12.47% | 10.30% |
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N | 17.59% | 20.76% | 7.19% | -0.50% | 20.97% | 39.48% | 8.11% | 17.68% | -17.83% | 10.20% |
Returns By Period
In the year-to-date period, PCLAX achieves a 29.30% return, which is significantly higher than ARCNX's 17.59% return. Both investments have delivered pretty close results over the past 10 years, with PCLAX having a 12.27% annualized return and ARCNX not far ahead at 12.76%.
PCLAX
- 1D
- -1.07%
- 1M
- 14.89%
- YTD
- 29.30%
- 6M
- 30.11%
- 1Y
- 30.69%
- 3Y*
- 12.98%
- 5Y*
- 16.72%
- 10Y*
- 12.27%
ARCNX
- 1D
- 0.47%
- 1M
- 5.67%
- YTD
- 17.59%
- 6M
- 26.30%
- 1Y
- 30.38%
- 3Y*
- 14.32%
- 5Y*
- 18.41%
- 10Y*
- 12.76%
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PCLAX vs. ARCNX - Expense Ratio Comparison
PCLAX has a 1.19% expense ratio, which is lower than ARCNX's 1.28% expense ratio.
Return for Risk
PCLAX vs. ARCNX — Risk / Return Rank
PCLAX
ARCNX
PCLAX vs. ARCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX). 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.
| PCLAX | ARCNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.96 | -0.31 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.45 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.14 | -0.21 |
Martin ratioReturn relative to average drawdown | 8.05 | 9.87 | -1.82 |
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
| PCLAX | ARCNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.96 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.97 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.73 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.29 | -0.15 |
Correlation
The correlation between PCLAX and ARCNX 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
PCLAX vs. ARCNX - Dividend Comparison
PCLAX's dividend yield for the trailing twelve months is around 1.31%, less than ARCNX's 11.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLAX PIMCO CommoditiesPLUS Strategy Fund | 1.31% | 1.20% | 5.20% | 4.58% | 44.24% | 75.67% | 0.45% | 2.07% | 18.31% | 12.18% | 0.09% | 1.77% |
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N | 11.54% | 13.57% | 1.89% | 7.45% | 9.45% | 18.31% | 0.09% | 4.98% | 0.29% | 0.01% | 4.69% | 0.00% |
Drawdowns
PCLAX vs. ARCNX - Drawdown Comparison
The maximum PCLAX drawdown since its inception was -68.19%, which is greater than ARCNX's maximum drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for PCLAX and ARCNX.
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Drawdown Indicators
| PCLAX | ARCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -55.17% | -13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -10.10% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -20.30% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -52.00% | -32.80% | -19.20% |
Current DrawdownCurrent decline from peak | -1.07% | -0.56% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -25.91% | -26.26% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 3.21% | +0.76% |
Volatility
PCLAX vs. ARCNX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a higher volatility of 10.45% compared to AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) at 5.33%. This indicates that PCLAX's price experiences larger fluctuations and is considered to be riskier than ARCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLAX | ARCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 5.33% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 12.61% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 15.93% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 19.16% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 17.46% | +23.18% |