PCLAX vs. PCLPX
Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX).
PCLAX is managed by PIMCO. It was launched on May 28, 2010. PCLPX is an actively managed fund by PIMCO. It was launched on May 28, 2010.
Performance
PCLAX vs. PCLPX - Performance Comparison
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PCLAX vs. PCLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 30.92% | 4.45% | 5.92% | 0.24% | 23.04% | 43.50% | -9.12% | 19.39% | -12.15% | 10.53% |
Returns By Period
The year-to-date returns for both investments are quite close, with PCLAX having a 30.70% return and PCLPX slightly higher at 30.92%. Both investments have delivered pretty close results over the past 10 years, with PCLAX having a 12.39% annualized return and PCLPX not far ahead at 12.75%.
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%
PCLPX
- 1D
- 0.81%
- 1M
- 19.05%
- YTD
- 30.92%
- 6M
- 31.70%
- 1Y
- 32.88%
- 3Y*
- 13.71%
- 5Y*
- 17.65%
- 10Y*
- 12.75%
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PCLAX vs. PCLPX - Expense Ratio Comparison
PCLAX has a 1.19% expense ratio, which is higher than PCLPX's 0.92% expense ratio.
Return for Risk
PCLAX vs. PCLPX — Risk / Return Rank
PCLAX
PCLPX
PCLAX vs. PCLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX). 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 | PCLPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.84 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.39 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.11 | -0.02 |
Martin ratioReturn relative to average drawdown | 8.51 | 8.65 | -0.14 |
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 | PCLPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.84 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.92 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.32 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.15 | -0.01 |
Correlation
The correlation between PCLAX and PCLPX is 1.00, 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. PCLPX - Dividend Comparison
PCLAX's dividend yield for the trailing twelve months is around 1.29%, less than PCLPX's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 1.41% | 1.31% | 5.22% | 4.65% | 43.16% | 74.10% | 0.71% | 2.39% | 18.62% | 12.52% | 0.15% | 1.92% |
Drawdowns
PCLAX vs. PCLPX - Drawdown Comparison
The maximum PCLAX drawdown since its inception was -68.19%, roughly equal to the maximum PCLPX drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for PCLAX and PCLPX.
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Drawdown Indicators
| PCLAX | PCLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -66.98% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -10.95% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -21.53% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -52.00% | -51.87% | -0.13% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -25.92% | -24.90% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.94% | +0.02% |
Volatility
PCLAX vs. PCLPX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX) have volatilities of 10.44% and 10.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLAX | PCLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.44% | 10.35% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.74% | 14.66% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 18.86% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.25% | 19.23% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 40.61% | +0.03% |