PCLAX vs. PONAX
Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and PIMCO Income Fund Class A (PONAX).
PCLAX is managed by PIMCO. It was launched on May 28, 2010. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PCLAX vs. PONAX - Performance Comparison
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PCLAX vs. PONAX - 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% |
PONAX PIMCO Income Fund Class A | -1.05% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Returns By Period
In the year-to-date period, PCLAX achieves a 29.30% return, which is significantly higher than PONAX's -1.05% return. Over the past 10 years, PCLAX has outperformed PONAX with an annualized return of 12.27%, while PONAX has yielded a comparatively lower 4.29% annualized return.
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%
PONAX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -1.05%
- 6M
- 1.17%
- 1Y
- 5.88%
- 3Y*
- 6.92%
- 5Y*
- 3.04%
- 10Y*
- 4.29%
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PCLAX vs. PONAX - Expense Ratio Comparison
PCLAX has a 1.19% expense ratio, which is higher than PONAX's 1.02% expense ratio.
Return for Risk
PCLAX vs. PONAX — Risk / Return Rank
PCLAX
PONAX
PCLAX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and PIMCO Income Fund Class A (PONAX). 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 | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.45 | +0.20 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.07 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.89 | +1.03 |
Martin ratioReturn relative to average drawdown | 8.05 | 7.46 | +0.58 |
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 | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.45 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.65 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 1.04 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.48 | -1.33 |
Correlation
The correlation between PCLAX and PONAX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PCLAX vs. PONAX - Dividend Comparison
PCLAX's dividend yield for the trailing twelve months is around 1.31%, less than PONAX's 5.18% 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% |
PONAX PIMCO Income Fund Class A | 5.18% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
PCLAX vs. PONAX - Drawdown Comparison
The maximum PCLAX drawdown since its inception was -68.19%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PCLAX and PONAX.
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Drawdown Indicators
| PCLAX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -13.64% | -54.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -3.69% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -13.64% | -8.11% |
Max Drawdown (10Y)Largest decline over 10 years | -52.00% | -13.64% | -38.36% |
Current DrawdownCurrent decline from peak | -1.07% | -2.88% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -25.91% | -1.80% | -24.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 0.94% | +3.03% |
Volatility
PCLAX vs. PONAX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a higher volatility of 10.45% compared to PIMCO Income Fund Class A (PONAX) at 1.90%. This indicates that PCLAX's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLAX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 1.90% | +8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 2.64% | +12.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 4.24% | +14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 4.72% | +14.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 4.16% | +36.48% |