PCLIX vs. EIPCX

Last updated Jun 24, 2026

PCLIX (PIMCO CommoditiesPLUS Strategy Fund) and EIPCX (Parametric Commodity Strategy Fund Class I) are both Commodities funds. Over the past 10 years, PCLIX returned 11.35%/yr vs 10.35%/yr for EIPCX. Their correlation of 0.83 suggests significant overlap in exposure. PCLIX charges 0.98%/yr vs 0.66%/yr for EIPCX.

Performance

PCLIX vs. EIPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO CommoditiesPLUS Strategy Fund (PCLIX) and Parametric Commodity Strategy Fund Class I (EIPCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCLIX achieves a 25.15% return, which is significantly higher than EIPCX's 15.38% return. Over the past 10 years, PCLIX has outperformed EIPCX with an annualized return of 11.35%, while EIPCX has yielded a comparatively lower 10.35% annualized return.

PCLIX

• 1D: -0.76%
• 1M: -9.68%
• YTD: 25.15%
• 6M: 22.65%
• 1Y: 27.62%
• 3Y*: 14.59%
• 5Y*: 14.52%
• 10Y*: 11.35%

EIPCX

• 1D: -0.52%
• 1M: -5.79%
• YTD: 15.38%
• 6M: 14.52%
• 1Y: 29.13%
• 3Y*: 15.88%
• 5Y*: 13.80%
• 10Y*: 10.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCLIX vs. EIPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCLIX PIMCO CommoditiesPLUS Strategy Fund	25.15%	5.76%	8.53%	0.69%	23.32%	43.83%	-9.18%	19.37%	-12.02%	10.86%
EIPCX Parametric Commodity Strategy Fund Class I	15.38%	22.27%	9.97%	-4.70%	17.76%	30.13%	7.83%	9.58%	-9.45%	7.07%

Correlation

The correlation between PCLIX and EIPCX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 26, 2011	0.83

The correlation between PCLIX and EIPCX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

PCLIX vs. EIPCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCLIX

PCLIX Risk / Return Rank: 27
PCLIX Sharpe Ratio Rank: 23
PCLIX Sortino Ratio Rank: 20
PCLIX Omega Ratio Rank: 23
PCLIX Calmar Ratio Rank: 30
PCLIX Martin Ratio Rank: 40

EIPCX

EIPCX Risk / Return Rank: 55
EIPCX Sharpe Ratio Rank: 55
EIPCX Sortino Ratio Rank: 47
EIPCX Omega Ratio Rank: 50
EIPCX Calmar Ratio Rank: 66
EIPCX Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCLIX vs. EIPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLIX) and Parametric Commodity Strategy Fund Class I (EIPCX). 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.

	PCLIX	EIPCX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.02	-0.75
Sortino ratio: Return per unit of downside risk	1.75	2.66	-0.91
Omega ratio: Gain probability vs. loss probability	1.23	1.36	-0.13
Calmar ratio: Return relative to maximum drawdown	1.93	2.99	-1.06
Martin ratio: Return relative to average drawdown	8.19	10.60	-2.42

PCLIX vs. EIPCX - Sharpe Ratio Comparison

The current PCLIX Sharpe Ratio is 1.27, which is lower than the EIPCX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of PCLIX and EIPCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PCLIX vs. EIPCX - Drawdown Comparison

The maximum PCLIX drawdown since its inception was -66.60%, which is greater than EIPCX's maximum drawdown of -54.05%. Use the drawdown chart below to compare losses from any high point for PCLIX and EIPCX.

Drawdown Indicators

	PCLIX	EIPCX	Difference
Max Drawdown Largest peak-to-trough decline	-66.60%	-54.05%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.82%	-9.47%	-3.35%
Max Drawdown (3Y) Largest decline over 3 years	-12.82%	-10.46%	-2.36%
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	-18.00%	-3.59%
Max Drawdown (10Y) Largest decline over 10 years	-51.78%	-28.53%	-23.25%
Current Drawdown Current decline from peak	-12.82%	-9.47%	-3.35%
Average Drawdown Average peak-to-trough decline	-24.09%	-24.18%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.69%	+0.73%

Volatility

PCLIX vs. EIPCX - Volatility Comparison

PIMCO CommoditiesPLUS Strategy Fund (PCLIX) has a higher volatility of 4.65% compared to Parametric Commodity Strategy Fund Class I (EIPCX) at 3.36%. This indicates that PCLIX's price experiences larger fluctuations and is considered to be riskier than EIPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCLIX	EIPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	3.36%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	17.22%	11.81%	+5.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	14.06%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.42%	14.58%	+4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.55%	13.27%	+27.28%

PCLIX vs. EIPCX - Expense Ratio Comparison

PCLIX has a 0.98% expense ratio, which is higher than EIPCX's 0.66% expense ratio.

Dividends

PCLIX vs. EIPCX - Dividend Comparison

PCLIX's dividend yield for the trailing twelve months is around 11.13%, less than EIPCX's 11.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIPCX Parametric Commodity Strategy Fund Class I	11.55%	13.33%	5.65%	3.69%	14.93%	13.83%	3.10%	1.54%	0.87%	5.14%	6.59%	0.00%
PCLIX PIMCO CommoditiesPLUS Strategy Fund	11.13%	2.45%	7.50%	5.06%	42.60%	73.41%	0.77%	2.46%	18.58%	12.63%	0.16%	2.22%

Frequently Asked Questions

Can I hold both PCLIX and EIPCX in my portfolio?

PCLIX and EIPCX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCLIX or EIPCX?

PCLIX has higher volatility (4.65%) compared to EIPCX (3.36%). In terms of maximum drawdown, PCLIX dropped -66.60% vs EIPCX's -54.05%.

Which has better risk-adjusted returns?

EIPCX currently has the higher Sharpe Ratio (2.02 vs 1.27), 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.