PCLPX vs. PCLIX
PCLPX (PIMCO CommoditiesPLUS Strategy I2) and PCLIX (PIMCO CommoditiesPLUS Strategy Fund) are both Commodities funds from PIMCO. Over the past 10 years, PCLPX returned 12.24%/yr vs 12.80%/yr for PCLIX. Their 1.00 correlation means they have historically moved very closely together. PCLPX charges 0.92%/yr vs 0.98%/yr for PCLIX.
Performance
PCLPX vs. PCLIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PCLPX having a 34.17% return and PCLIX slightly higher at 34.31%. Both investments have delivered pretty close results over the past 10 years, with PCLPX having a 12.24% annualized return and PCLIX not far ahead at 12.80%.
PCLPX
- 1D
- -0.49%
- 1M
- 9.80%
- 6M
- 25.22%
- YTD
- 34.17%
- 1Y
- 38.71%
- 3Y*
- 12.16%
- 5Y*
- 14.40%
- 10Y*
- 12.24%
- ALL TIME*
- 5.28%
PCLIX
- 1D
- -0.36%
- 1M
- 9.86%
- 6M
- 25.51%
- YTD
- 34.31%
- 1Y
- 39.01%
- 3Y*
- 13.77%
- 5Y*
- 15.42%
- 10Y*
- 12.80%
- ALL TIME*
- 5.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PCLPX vs. PCLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 34.17% | 4.45% | 5.92% | 0.24% | 23.04% | 43.50% | -9.12% | 19.39% | -12.15% | 10.53% |
PCLIX PIMCO CommoditiesPLUS Strategy Fund | 34.31% | 5.76% | 8.53% | 0.69% | 23.32% | 43.83% | -9.18% | 19.37% | -12.02% | 10.86% |
Correlation
The correlation between PCLPX and PCLIX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 1.00 |
The correlation between PCLPX and PCLIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
PCLPX vs. PCLIX — Risk / Return Rank
PCLPX
PCLIX
PCLPX vs. PCLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy I2 (PCLPX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX). 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.
| PCLPX | PCLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.34 | -0.02 |
| Martin ratioReturn relative to average drawdown | 7.83 | 7.89 | -0.06 |
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Drawdowns
PCLPX vs. PCLIX - Drawdown Comparison
The maximum PCLPX drawdown since its inception was -66.98%, roughly equal to the maximum PCLIX drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for PCLPX and PCLIX.
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Drawdown Indicators
| PCLPX | PCLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.98% | -66.60% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -15.39% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | -15.39% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -21.59% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -51.87% | -51.78% | -0.09% |
Current DrawdownCurrent decline from peak | -6.58% | -6.44% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -24.50% | -24.00% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 4.59% | +0.02% |
Volatility
PCLPX vs. PCLIX - Volatility Comparison
PIMCO CommoditiesPLUS Strategy I2 (PCLPX) and PIMCO CommoditiesPLUS Strategy Fund (PCLIX) have volatilities of 6.03% and 5.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLPX | PCLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 5.97% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 17.90% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 19.99% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 19.48% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.60% | 40.52% | +0.08% |
PCLPX vs. PCLIX - Expense Ratio Comparison
PCLPX has a 0.92% expense ratio, which is lower than PCLIX's 0.98% expense ratio.
Dividends
PCLPX vs. PCLIX - Dividend Comparison
PCLPX's dividend yield for the trailing twelve months is around 10.55%, more than PCLIX's 10.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLIX PIMCO CommoditiesPLUS Strategy Fund | 10.37% | 2.45% | 7.50% | 5.06% | 42.60% | 73.41% | 0.77% | 2.46% | 18.58% | 12.63% | 0.16% | 2.22% |
PCLPX PIMCO CommoditiesPLUS Strategy I2 | 10.55% | 1.31% | 5.22% | 4.65% | 43.16% | 74.10% | 0.71% | 2.39% | 18.62% | 12.52% | 0.15% | 1.92% |
Frequently Asked Questions
With a correlation of 1.00, PCLPX and PCLIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PCLPX has higher volatility (6.03%) compared to PCLIX (5.97%). In terms of maximum drawdown, PCLPX dropped -66.98% vs PCLIX's -66.60%.
PCLIX currently has the higher Sharpe Ratio (1.81 vs 1.80), 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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