PCLIX vs. PCN

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy Fund (PCLIX) and PIMCO Corporate & Income Strategy Fund (PCN).

PCLIX is managed by PIMCO. It was launched on May 27, 2010. PCN is managed by PIMCO. It was launched on Dec 20, 2001.

Performance

PCLIX vs. PCN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO CommoditiesPLUS Strategy Fund (PCLIX) and PIMCO Corporate & Income Strategy Fund (PCN). The values are adjusted to include any dividend payments, if applicable.

PCLIX vs. PCN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCLIX PIMCO CommoditiesPLUS Strategy Fund	30.80%	5.76%	8.53%	0.69%	23.32%	43.83%	-9.18%	19.37%	-12.02%	10.86%
PCN PIMCO Corporate & Income Strategy Fund	-4.21%	5.55%	19.52%	16.22%	-22.88%	6.93%	-2.19%	39.10%	-5.94%	26.20%

Returns By Period

In the year-to-date period, PCLIX achieves a 30.80% return, which is significantly higher than PCN's -4.21% return. Over the past 10 years, PCLIX has outperformed PCN with an annualized return of 13.29%, while PCN has yielded a comparatively lower 8.27% annualized return.

PCLIX

• 1D: 0.79%
• 1M: 19.14%
• YTD: 30.80%
• 6M: 31.76%
• 1Y: 32.96%
• 3Y*: 15.28%
• 5Y*: 18.66%
• 10Y*: 13.29%

PCN

• 1D: 3.48%
• 1M: -4.53%
• YTD: -4.21%
• 6M: -6.22%
• 1Y: -3.05%
• 3Y*: 8.96%
• 5Y*: 2.37%
• 10Y*: 8.27%

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

PCLIX vs. PCN - Expense Ratio Comparison

PCLIX has a 0.98% expense ratio, which is higher than PCN's 0.85% expense ratio.

PCLIX

PIMCO CommoditiesPLUS Strategy Fund

PCN

PIMCO Corporate & Income Strategy Fund

Return for Risk

PCLIX vs. PCN — Risk / Return Rank

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

PCLIX

PCLIX Risk / Return Rank: 88
PCLIX Sharpe Ratio Rank: 89
PCLIX Sortino Ratio Rank: 88
PCLIX Omega Ratio Rank: 84
PCLIX Calmar Ratio Rank: 94
PCLIX Martin Ratio Rank: 84

PCN

PCN Risk / Return Rank: 3
PCN Sharpe Ratio Rank: 3
PCN Sortino Ratio Rank: 3
PCN Omega Ratio Rank: 3
PCN Calmar Ratio Rank: 4
PCN Martin Ratio Rank: 3

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. PCN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy Fund (PCLIX) and PIMCO Corporate & Income Strategy Fund (PCN). 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.

	PCLIX	PCN	Difference
Sharpe ratio Return per unit of total volatility	1.83	-0.20	+2.03
Sortino ratio Return per unit of downside risk	2.38	-0.15	+2.53
Omega ratio Gain probability vs. loss probability	1.34	0.97	+0.37
Calmar ratio Return relative to maximum drawdown	3.13	-0.20	+3.34
Martin ratio Return relative to average drawdown	8.68	-0.66	+9.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCLIX vs. PCN - Sharpe Ratio Comparison

The current PCLIX Sharpe Ratio is 1.83, which is higher than the PCN Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of PCLIX and PCN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCLIX	PCN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	-0.20	+2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.14	+0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.38	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.39	-0.22

Correlation

The correlation between PCLIX and PCN is 0.14, 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

PCLIX vs. PCN - Dividend Comparison

PCLIX's dividend yield for the trailing twelve months is around 1.43%, less than PCN's 11.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLIX PIMCO CommoditiesPLUS Strategy Fund	1.43%	2.45%	7.50%	5.06%	42.60%	73.41%	0.77%	2.46%	18.58%	12.63%	0.16%	2.22%
PCN PIMCO Corporate & Income Strategy Fund	11.34%	10.58%	10.06%	10.88%	12.66%	7.89%	7.83%	7.37%	9.60%	7.85%	11.98%	10.22%

Drawdowns

PCLIX vs. PCN - Drawdown Comparison

The maximum PCLIX drawdown since its inception was -66.60%, which is greater than PCN's maximum drawdown of -61.12%. Use the drawdown chart below to compare losses from any high point for PCLIX and PCN.

Drawdown Indicators

	PCLIX	PCN	Difference
Max Drawdown Largest peak-to-trough decline	-66.60%	-61.12%	-5.48%
Max Drawdown (1Y) Largest decline over 1 year	-10.90%	-13.78%	+2.88%
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	-33.39%	+11.80%
Max Drawdown (10Y) Largest decline over 10 years	-51.78%	-50.27%	-1.51%
Current Drawdown Current decline from peak	0.00%	-6.71%	+6.71%
Average Drawdown Average peak-to-trough decline	-24.39%	-7.22%	-17.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	4.32%	-0.39%

Volatility

PCLIX vs. PCN - Volatility Comparison

PIMCO CommoditiesPLUS Strategy Fund (PCLIX) has a higher volatility of 10.48% compared to PIMCO Corporate & Income Strategy Fund (PCN) at 5.81%. This indicates that PCLIX's price experiences larger fluctuations and is considered to be riskier than PCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCLIX	PCN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.48%	5.81%	+4.67%
Volatility (6M) Calculated over the trailing 6-month period	14.76%	8.64%	+6.12%
Volatility (1Y) Calculated over the trailing 1-year period	18.95%	15.69%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	16.55%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.53%	21.97%	+18.56%