PCLPX vs. ARCNX
Compare and contrast key facts about PIMCO CommoditiesPLUS Strategy I2 (PCLPX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX).
PCLPX is an actively managed fund by PIMCO. It was launched on May 28, 2010. ARCNX is managed by AQR.
Performance
PCLPX vs. ARCNX - Performance Comparison
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PCLPX vs. ARCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 29.58% | 4.45% | 5.92% | 0.24% | 23.04% | 43.50% | -9.12% | 19.39% | -12.15% | 10.53% |
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N | 17.59% | 20.76% | 7.19% | -0.50% | 20.97% | 39.48% | 8.11% | 17.68% | -17.83% | 10.20% |
Returns By Period
In the year-to-date period, PCLPX achieves a 29.58% return, which is significantly higher than ARCNX's 17.59% return. Both investments have delivered pretty close results over the past 10 years, with PCLPX having a 12.63% annualized return and ARCNX not far ahead at 12.76%.
PCLPX
- 1D
- -1.03%
- 1M
- 15.18%
- YTD
- 29.58%
- 6M
- 30.35%
- 1Y
- 31.12%
- 3Y*
- 13.32%
- 5Y*
- 17.09%
- 10Y*
- 12.63%
ARCNX
- 1D
- 0.47%
- 1M
- 5.67%
- YTD
- 17.59%
- 6M
- 26.30%
- 1Y
- 30.38%
- 3Y*
- 14.32%
- 5Y*
- 18.41%
- 10Y*
- 12.76%
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PCLPX vs. ARCNX - Expense Ratio Comparison
PCLPX has a 0.92% expense ratio, which is lower than ARCNX's 1.28% expense ratio.
Return for Risk
PCLPX vs. ARCNX — Risk / Return Rank
PCLPX
ARCNX
PCLPX vs. ARCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy I2 (PCLPX) and AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX). 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.
| PCLPX | ARCNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.96 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.22 | 2.45 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.14 | -0.17 |
Martin ratioReturn relative to average drawdown | 8.25 | 9.87 | -1.62 |
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
| PCLPX | ARCNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.96 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.97 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.73 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.29 | -0.14 |
Correlation
The correlation between PCLPX and ARCNX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PCLPX vs. ARCNX - Dividend Comparison
PCLPX's dividend yield for the trailing twelve months is around 1.43%, less than ARCNX's 11.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 1.43% | 1.31% | 5.22% | 4.65% | 43.16% | 74.10% | 0.71% | 2.39% | 18.62% | 12.52% | 0.15% | 1.92% |
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N | 11.54% | 13.57% | 1.89% | 7.45% | 9.45% | 18.31% | 0.09% | 4.98% | 0.29% | 0.01% | 4.69% | 0.00% |
Drawdowns
PCLPX vs. ARCNX - Drawdown Comparison
The maximum PCLPX drawdown since its inception was -66.98%, which is greater than ARCNX's maximum drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for PCLPX and ARCNX.
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Drawdown Indicators
| PCLPX | ARCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.98% | -55.17% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -10.10% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -20.30% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -51.87% | -32.80% | -19.07% |
Current DrawdownCurrent decline from peak | -1.03% | -0.56% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -24.90% | -26.26% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 3.21% | +0.73% |
Volatility
PCLPX vs. ARCNX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy I2 (PCLPX) has a higher volatility of 10.39% compared to AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) at 5.33%. This indicates that PCLPX's price experiences larger fluctuations and is considered to be riskier than ARCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLPX | ARCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 5.33% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.71% | 12.61% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 15.93% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.24% | 19.16% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.60% | 17.46% | +23.14% |