PCLAX vs. WFSPX
PCLAX (PIMCO CommoditiesPLUS Strategy Fund) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - PCLAX is a Commodities fund managed by PIMCO, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PCLAX returned 10.46%/yr vs 15.71%/yr for WFSPX. At a 0.28 correlation, their price movements are largely independent. PCLAX charges 1.19%/yr vs 0.03%/yr for WFSPX.
Performance
PCLAX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, PCLAX achieves a 23.22% return, which is significantly higher than WFSPX's 8.08% return. Over the past 10 years, PCLAX has underperformed WFSPX with an annualized return of 10.46%, while WFSPX has yielded a comparatively higher 15.71% annualized return.
PCLAX
- 1D
- 1.69%
- 1M
- -7.91%
- YTD
- 23.22%
- 6M
- 20.79%
- 1Y
- 28.89%
- 3Y*
- 12.14%
- 5Y*
- 12.78%
- 10Y*
- 10.46%
WFSPX
- 1D
- -0.01%
- 1M
- -2.06%
- YTD
- 8.08%
- 6M
- 6.78%
- 1Y
- 21.19%
- 3Y*
- 20.90%
- 5Y*
- 13.01%
- 10Y*
- 15.71%
PCLAX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCLAX PIMCO CommoditiesPLUS Strategy Fund | 23.22% | 4.13% | 5.76% | -0.14% | 22.73% | 43.18% | -9.67% | 19.19% | -12.47% | 10.30% |
WFSPX iShares S&P 500 Index Fund Class K | 8.08% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between PCLAX and WFSPX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.28 |
The correlation between PCLAX and WFSPX shifts across timeframes, from -0.11 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PCLAX vs. WFSPX — Risk / Return Rank
PCLAX
WFSPX
PCLAX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLAX) and iShares S&P 500 Index Fund Class K (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.50 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.84 | 11.12 | -2.27 |
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Drawdowns
PCLAX vs. WFSPX - Drawdown Comparison
The maximum PCLAX drawdown since its inception was -68.19%, which is greater than WFSPX's maximum drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for PCLAX and WFSPX.
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Drawdown Indicators
| PCLAX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -58.21% | -9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -8.90% | -6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -18.74% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -24.51% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -52.00% | -33.74% | -18.26% |
Current DrawdownCurrent decline from peak | -14.10% | -3.23% | -10.87% |
Average DrawdownAverage peak-to-trough decline | -25.59% | -12.75% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.00% | +1.38% |
Volatility
PCLAX vs. WFSPX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a higher volatility of 5.22% compared to iShares S&P 500 Index Fund Class K (WFSPX) at 4.82%. This indicates that PCLAX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLAX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 4.82% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.41% | 9.88% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 12.49% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 16.98% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 18.03% | +22.61% |
PCLAX vs. WFSPX - Expense Ratio Comparison
PCLAX has a 1.19% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
PCLAX vs. WFSPX - Dividend Comparison
PCLAX's dividend yield for the trailing twelve months is around 11.78%, more than WFSPX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLAX PIMCO CommoditiesPLUS Strategy Fund | 11.78% | 1.20% | 5.20% | 4.58% | 44.24% | 75.67% | 0.45% | 2.07% | 18.31% | 12.18% | 0.09% | 1.77% |
WFSPX iShares S&P 500 Index Fund Class K | 1.62% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
PCLAX and WFSPX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCLAX has higher volatility (5.22%) compared to WFSPX (4.82%). In terms of maximum drawdown, PCLAX dropped -68.19% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (1.78 vs 1.56), 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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