PCLAX vs. MCSRX
PCLAX (PIMCO CommoditiesPLUS Strategy Fund) and MCSRX (MFS Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, PCLAX returned 11.94%/yr vs 7.44%/yr for MCSRX. Their correlation of 0.84 means they have usually moved in the same direction. PCLAX charges 1.19%/yr vs 0.82%/yr for MCSRX.
Performance
PCLAX vs. MCSRX - Performance Comparison
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Returns By Period
In the year-to-date period, PCLAX achieves a 34.18% return, which is significantly higher than MCSRX's 19.67% return. Over the past 10 years, PCLAX has outperformed MCSRX with an annualized return of 11.94%, while MCSRX has yielded a comparatively lower 7.44% annualized return.
PCLAX
- 1D
- 0.13%
- 1M
- 9.96%
- 6M
- 29.76%
- YTD
- 34.18%
- 1Y
- 38.79%
- 3Y*
- 12.17%
- 5Y*
- 14.11%
- 10Y*
- 11.94%
- ALL TIME*
- 5.05%
MCSRX
- 1D
- 0.00%
- 1M
- 6.14%
- 6M
- 13.09%
- YTD
- 19.67%
- 1Y
- 34.01%
- 3Y*
- 13.14%
- 5Y*
- 10.36%
- 10Y*
- 7.44%
- ALL TIME*
- 1.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PCLAX vs. MCSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCLAX PIMCO CommoditiesPLUS Strategy Fund | 34.18% | 4.13% | 5.76% | -0.14% | 22.73% | 43.18% | -9.67% | 19.19% | -12.47% | 10.30% |
MCSRX MFS Commodity Strategy Fund | 19.67% | 18.63% | 5.18% | -6.07% | 13.19% | 27.96% | -0.36% | 7.80% | -12.77% | 3.83% |
Correlation
The correlation between PCLAX and MCSRX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.84 |
The correlation between PCLAX and MCSRX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
PCLAX vs. MCSRX — Risk / Return Rank
PCLAX
MCSRX
PCLAX vs. MCSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and MFS Commodity Strategy Fund (MCSRX). 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.
| PCLAX | MCSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.70 | -0.31 |
| Martin ratioReturn relative to average drawdown | 8.07 | 8.46 | -0.39 |
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Drawdowns
PCLAX vs. MCSRX - Drawdown Comparison
The maximum PCLAX drawdown since its inception was -68.19%, smaller than the maximum MCSRX drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for PCLAX and MCSRX.
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Drawdown Indicators
| PCLAX | MCSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -72.07% | +3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -12.50% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -12.50% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -37.76% | +16.01% |
Max Drawdown (10Y)Largest decline over 10 years | -52.00% | -72.07% | +20.07% |
Current DrawdownCurrent decline from peak | -6.46% | -20.97% | +14.51% |
Average DrawdownAverage peak-to-trough decline | -25.49% | -41.61% | +16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 3.99% | +0.65% |
Volatility
PCLAX vs. MCSRX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a higher volatility of 5.98% compared to MFS Commodity Strategy Fund (MCSRX) at 4.35%. This indicates that PCLAX's price experiences larger fluctuations and is considered to be riskier than MCSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLAX | MCSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.35% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 13.02% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 16.32% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 34.73% | -15.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.63% | 59.89% | -19.26% |
PCLAX vs. MCSRX - Expense Ratio Comparison
PCLAX has a 1.19% expense ratio, which is higher than MCSRX's 0.82% expense ratio.
Dividends
PCLAX vs. MCSRX - Dividend Comparison
PCLAX's dividend yield for the trailing twelve months is around 10.82%, less than MCSRX's 13.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCSRX MFS Commodity Strategy Fund | 13.52% | 16.18% | 3.39% | 2.30% | 27.57% | 56.15% | 0.91% | 1.88% | 3.50% | 3.13% | 0.61% | 0.47% |
PCLAX PIMCO CommoditiesPLUS Strategy Fund | 10.82% | 1.20% | 5.20% | 4.58% | 44.24% | 75.67% | 0.45% | 2.07% | 18.31% | 12.18% | 0.09% | 1.77% |
Frequently Asked Questions
PCLAX and MCSRX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCLAX has higher volatility (5.98%) compared to MCSRX (4.35%). In terms of maximum drawdown, PCLAX dropped -68.19% vs MCSRX's -72.07%.
MCSRX currently has the higher Sharpe Ratio (2.09 vs 1.86), 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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