PCLPX vs. PSLDX

Last updated Jun 25, 2026

PCLPX (PIMCO CommoditiesPLUS Strategy I2) and PSLDX (PIMCO StocksPLUS Long Duration Fund Class I) are both mutual funds - PCLPX is a Commodities fund actively managed by PIMCO, while PSLDX is a Diversified Portfolio fund managed by PIMCO. Over the past 10 years, PCLPX returned 10.69%/yr vs 14.59%/yr for PSLDX. At a 0.17 correlation, their price movements are largely independent. PCLPX charges 0.92%/yr vs 0.61%/yr for PSLDX.

Performance

PCLPX vs. PSLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO CommoditiesPLUS Strategy I2 (PCLPX) and PIMCO StocksPLUS Long Duration Fund Class I (PSLDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCLPX achieves a 23.83% return, which is significantly higher than PSLDX's 7.22% return. Over the past 10 years, PCLPX has underperformed PSLDX with an annualized return of 10.69%, while PSLDX has yielded a comparatively higher 14.59% annualized return.

PCLPX

• 1D: -1.05%
• 1M: -10.62%
• YTD: 23.83%
• 6M: 21.31%
• 1Y: 30.42%
• 3Y*: 12.61%
• 5Y*: 13.23%
• 10Y*: 10.69%

PSLDX

• 1D: -1.20%
• 1M: 0.37%
• YTD: 7.22%
• 6M: 5.31%
• 1Y: 24.16%
• 3Y*: 17.56%
• 5Y*: 4.49%
• 10Y*: 14.59%

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

PCLPX vs. PSLDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCLPX PIMCO CommoditiesPLUS Strategy I2	23.83%	4.45%	5.92%	0.24%	23.04%	43.50%	-9.12%	19.39%	-12.15%	10.53%
PSLDX PIMCO StocksPLUS Long Duration Fund Class I	7.22%	20.34%	15.41%	27.93%	-43.18%	25.85%	37.80%	60.43%	-9.31%	33.07%

Correlation

The correlation between PCLPX and PSLDX is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 28, 2010	0.17

The correlation between PCLPX and PSLDX shifts across timeframes, from -0.21 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PCLPX vs. PSLDX — Risk / Return Rank

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

PCLPX

PCLPX Risk / Return Rank: 32
PCLPX Sharpe Ratio Rank: 29
PCLPX Sortino Ratio Rank: 26
PCLPX Omega Ratio Rank: 28
PCLPX Calmar Ratio Rank: 32
PCLPX Martin Ratio Rank: 43

PSLDX

PSLDX Risk / Return Rank: 33
PSLDX Sharpe Ratio Rank: 34
PSLDX Sortino Ratio Rank: 31
PSLDX Omega Ratio Rank: 32
PSLDX Calmar Ratio Rank: 31
PSLDX Martin Ratio Rank: 37

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.

PCLPX vs. PSLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO CommoditiesPLUS Strategy I2 (PCLPX) and PIMCO StocksPLUS Long Duration Fund Class I (PSLDX). 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	PSLDX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.55	-0.18
Sortino ratio: Return per unit of downside risk	1.87	2.13	-0.26
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.91	1.93	-0.02
Martin ratio: Return relative to average drawdown	8.46	7.71	+0.76

PCLPX vs. PSLDX - Sharpe Ratio Comparison

The current PCLPX Sharpe Ratio is 1.37, which is comparable to the PSLDX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of PCLPX and PSLDX, 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

PCLPX vs. PSLDX - Drawdown Comparison

The maximum PCLPX drawdown since its inception was -66.98%, which is greater than PSLDX's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PCLPX and PSLDX.

Drawdown Indicators

	PCLPX	PSLDX	Difference
Max Drawdown Largest peak-to-trough decline	-66.98%	-55.25%	-11.73%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-13.70%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-13.78%	-24.03%	+10.25%
Max Drawdown (5Y) Largest decline over 5 years	-21.53%	-49.32%	+27.79%
Max Drawdown (10Y) Largest decline over 10 years	-51.87%	-49.32%	-2.55%
Current Drawdown Current decline from peak	-13.78%	-2.83%	-10.95%
Average Drawdown Average peak-to-trough decline	-24.59%	-10.62%	-13.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.43%	+0.07%

Volatility

PCLPX vs. PSLDX - Volatility Comparison

The current volatility for PIMCO CommoditiesPLUS Strategy I2 (PCLPX) is 4.59%, while PIMCO StocksPLUS Long Duration Fund Class I (PSLDX) has a volatility of 6.47%. This indicates that PCLPX experiences smaller price fluctuations and is considered to be less risky than PSLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCLPX	PSLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	6.47%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	17.18%	14.11%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	19.47%	17.15%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	22.84%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.62%	21.38%	+19.24%

PCLPX vs. PSLDX - Expense Ratio Comparison

PCLPX has a 0.92% expense ratio, which is higher than PSLDX's 0.61% expense ratio.

Dividends

PCLPX vs. PSLDX - Dividend Comparison

PCLPX's dividend yield for the trailing twelve months is around 11.43%, more than PSLDX's 11.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLPX PIMCO CommoditiesPLUS Strategy I2	11.43%	1.31%	5.22%	4.65%	43.16%	74.10%	0.71%	2.39%	18.62%	12.52%	0.15%	1.92%
PSLDX PIMCO StocksPLUS Long Duration Fund Class I	11.10%	12.92%	15.23%	3.67%	2.66%	38.80%	12.89%	18.91%	15.58%	24.52%	11.55%	12.08%

Frequently Asked Questions

Can I hold both PCLPX and PSLDX in my portfolio?

PCLPX and PSLDX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCLPX or PSLDX?

PSLDX has higher volatility (6.47%) compared to PCLPX (4.59%). In terms of maximum drawdown, PCLPX dropped -66.98% vs PSLDX's -55.25%.

Which has better risk-adjusted returns?

PSLDX currently has the higher Sharpe Ratio (1.55 vs 1.37), 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.