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PCLAX vs. EAPCX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PCLAX vs. EAPCX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and Parametric Commodity Strategy Fund Class A (EAPCX).

PCLAX is managed by PIMCO. It was launched on May 28, 2010. EAPCX is managed by Eaton Vance. It was launched on May 25, 2011.

Performance

PCLAX vs. EAPCX - Performance Comparison

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

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PCLAX vs. EAPCX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PCLAX
PIMCO CommoditiesPLUS Strategy Fund		30.70%4.13%5.76%-0.14%22.73%43.18%-9.67%19.19%-12.47%10.30%
EAPCX
Parametric Commodity Strategy Fund Class A		16.34%22.06%9.63%-4.87%17.26%29.92%7.77%9.19%-9.60%6.71%

Returns By Period

In the year-to-date period, PCLAX achieves a 30.70% return, which is significantly higher than EAPCX's 16.34% return. Over the past 10 years, PCLAX has outperformed EAPCX with an annualized return of 12.39%, while EAPCX has yielded a comparatively lower 11.09% annualized return.

PCLAX

1D
0.72%
1M
19.09%
YTD
30.70%
6M
31.51%
1Y
32.30%
3Y*
13.39%
5Y*
17.29%
10Y*
12.39%

EAPCX

1D
0.40%
1M
5.69%
YTD
16.34%
6M
25.33%
1Y
32.23%
3Y*
14.77%
5Y*
16.00%
10Y*
11.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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PIMCO CommoditiesPLUS Strategy Fund

Parametric Commodity Strategy Fund Class A

Often compared with PCLAX:
PCLAX vs. QQQPCLAX vs. VOOPCLAX vs. GLDPCLAX vs. WFSPXPCLAX vs. PAIIXPCLAX vs. BCSKXPCLAX vs. FFGCX
Often compared with EAPCX:
EAPCX vs. FCSSXEAPCX vs. SWASXEAPCX vs. SWRSXEAPCX vs. RBESXEAPCX vs. KMLMEAPCX vs. SWAGXEAPCX vs. SWPPX

PCLAX vs. EAPCX - Expense Ratio Comparison

PCLAX has a 1.19% expense ratio, which is higher than EAPCX's 0.91% expense ratio.

PCLAX
PIMCO CommoditiesPLUS Strategy Fund
EAPCX
Parametric Commodity Strategy Fund Class A

Return for Risk

PCLAX vs. EAPCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PCLAX
PCLAX Risk / Return Rank: 8787
Overall Rank
PCLAX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
PCLAX Sortino Ratio Rank: 8787
Sortino Ratio Rank
PCLAX Omega Ratio Rank: 8383
Omega Ratio Rank
PCLAX Calmar Ratio Rank: 9494
Calmar Ratio Rank
PCLAX Martin Ratio Rank: 8484
Martin Ratio Rank
EAPCX
EAPCX Risk / Return Rank: 9494
Overall Rank
EAPCX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EAPCX Sortino Ratio Rank: 9393
Sortino Ratio Rank
EAPCX Omega Ratio Rank: 9090
Omega Ratio Rank
EAPCX Calmar Ratio Rank: 9696
Calmar Ratio Rank
EAPCX Martin Ratio Rank: 9494
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.

PCLAX vs. EAPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and Parametric Commodity Strategy Fund Class A (EAPCX). 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.

PCLAXEAPCXDifference

Sharpe ratio

Return per unit of total volatility

1.81

2.21

-0.40

Sortino ratio

Return per unit of downside risk

2.35

2.79

-0.43

Omega ratio

Gain probability vs. loss probability

1.33

1.40

-0.07

Calmar ratio

Return relative to maximum drawdown

3.09

3.57

-0.48

Martin ratio

Return relative to average drawdown

8.51

12.49

-3.98

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

PCLAX vs. EAPCX - Sharpe Ratio Comparison

The current PCLAX Sharpe Ratio is 1.81, which is comparable to the EAPCX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of PCLAX and EAPCX, 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

PCLAXEAPCXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

2.21

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

1.10

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

0.84

-0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.28

-0.14

Correlation

The correlation between PCLAX and EAPCX 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

PCLAX vs. EAPCX - Dividend Comparison

PCLAX's dividend yield for the trailing twelve months is around 1.29%, less than EAPCX's 11.37% yield.

TTM20252024202320222021202020192018201720162015
PCLAX
PIMCO CommoditiesPLUS Strategy Fund		1.29%1.20%5.20%4.58%44.24%75.67%0.45%2.07%18.31%12.18%0.09%1.77%
EAPCX
Parametric Commodity Strategy Fund Class A		11.37%13.23%5.46%3.43%14.80%13.74%3.01%1.11%0.41%4.98%6.49%0.00%

Drawdowns

PCLAX vs. EAPCX - Drawdown Comparison

The maximum PCLAX drawdown since its inception was -68.19%, which is greater than EAPCX's maximum drawdown of -52.59%. Use the drawdown chart below to compare losses from any high point for PCLAX and EAPCX.

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Drawdown Indicators

PCLAXEAPCXDifference

Max Drawdown

Largest peak-to-trough decline

-68.19%

-52.59%

-15.60%

Max Drawdown (1Y)

Largest decline over 1 year

-10.92%

-9.09%

-1.83%

Max Drawdown (5Y)

Largest decline over 5 years

-21.75%

-18.05%

-3.70%

Max Drawdown (10Y)

Largest decline over 10 years

-52.00%

-28.81%

-23.19%

Current Drawdown

Current decline from peak

0.00%

-1.17%

+1.17%

Average Drawdown

Average peak-to-trough decline

-25.92%

-23.03%

-2.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.96%

2.60%

+1.36%

Volatility

PCLAX vs. EAPCX - Volatility Comparison

PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a higher volatility of 10.44% compared to Parametric Commodity Strategy Fund Class A (EAPCX) at 4.61%. This indicates that PCLAX's price experiences larger fluctuations and is considered to be riskier than EAPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PCLAXEAPCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.44%

4.61%

+5.83%

Volatility (6M)

Calculated over the trailing 6-month period

14.74%

11.77%

+2.97%

Volatility (1Y)

Calculated over the trailing 1-year period

18.96%

14.87%

+4.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.25%

14.64%

+4.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.64%

13.29%

+27.35%