PCLAX vs. PONPX
Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and PIMCO Income Fund Class I-2 (PONPX).
PCLAX is managed by PIMCO. It was launched on May 28, 2010. PONPX is managed by PIMCO.
Performance
PCLAX vs. PONPX - Performance Comparison
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PCLAX vs. PONPX - 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% |
PONPX PIMCO Income Fund Class I-2 | -1.01% | 10.96% | 5.33% | 9.24% | -9.14% | 2.51% | 5.73% | 7.99% | 0.53% | 8.52% |
Returns By Period
In the year-to-date period, PCLAX achieves a 29.30% return, which is significantly higher than PONPX's -1.01% return. Over the past 10 years, PCLAX has outperformed PONPX with an annualized return of 12.27%, while PONPX has yielded a comparatively lower 4.59% 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%
PONPX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -1.01%
- 6M
- 1.30%
- 1Y
- 6.17%
- 3Y*
- 7.22%
- 5Y*
- 3.32%
- 10Y*
- 4.59%
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PCLAX vs. PONPX - Expense Ratio Comparison
PCLAX has a 1.19% expense ratio, which is higher than PONPX's 0.72% expense ratio.
Return for Risk
PCLAX vs. PONPX — Risk / Return Rank
PCLAX
PONPX
PCLAX vs. PONPX - 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 I-2 (PONPX). 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 | PONPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.51 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.16 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.98 | +0.94 |
Martin ratioReturn relative to average drawdown | 8.05 | 7.83 | +0.22 |
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 | PONPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.51 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.70 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 1.10 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.82 | -1.68 |
Correlation
The correlation between PCLAX and PONPX 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. PONPX - Dividend Comparison
PCLAX's dividend yield for the trailing twelve months is around 1.31%, less than PONPX's 5.46% 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% |
PONPX PIMCO Income Fund Class I-2 | 5.46% | 5.91% | 6.16% | 6.11% | 4.89% | 3.92% | 4.78% | 5.73% | 5.56% | 5.27% | 5.42% | 7.77% |
Drawdowns
PCLAX vs. PONPX - Drawdown Comparison
The maximum PCLAX drawdown since its inception was -68.19%, which is greater than PONPX's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for PCLAX and PONPX.
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Drawdown Indicators
| PCLAX | PONPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -13.41% | -54.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -3.69% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -13.41% | -8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -52.00% | -13.41% | -38.59% |
Current DrawdownCurrent decline from peak | -1.07% | -2.88% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -25.91% | -1.44% | -24.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 0.93% | +3.04% |
Volatility
PCLAX vs. PONPX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a higher volatility of 10.45% compared to PIMCO Income Fund Class I-2 (PONPX) at 1.90%. This indicates that PCLAX's price experiences larger fluctuations and is considered to be riskier than PONPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLAX | PONPX | 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% | 2.66% | +12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 4.28% | +14.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 4.74% | +14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 4.19% | +36.45% |