Correlation
The correlation between PCN and QQQ is 0.28, 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.
PCN vs. QQQ
Compare and contrast key facts about PIMCO Corporate & Income Strategy Fund (PCN) and Invesco QQQ (QQQ).
PCN is managed by PIMCO. It was launched on Dec 20, 2001. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCN or QQQ.
Performance
PCN vs. QQQ - Performance Comparison
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Key characteristics
PCN:
0.60
QQQ:
0.62
PCN:
0.78
QQQ:
0.92
PCN:
1.18
QQQ:
1.13
PCN:
0.66
QQQ:
0.60
PCN:
2.81
QQQ:
1.94
PCN:
3.27%
QQQ:
7.02%
PCN:
15.28%
QQQ:
25.59%
PCN:
-61.14%
QQQ:
-82.98%
PCN:
-5.05%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, PCN achieves a -0.80% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, PCN has underperformed QQQ with an annualized return of 7.96%, while QQQ has yielded a comparatively higher 17.69% annualized return.
PCN
-0.80%
0.11%
-4.55%
7.68%
6.77%
5.31%
7.96%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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PCN vs. QQQ - Expense Ratio Comparison
PCN has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PCN vs. QQQ — Risk-Adjusted Performance Rank
PCN
QQQ
PCN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Strategy Fund (PCN) and Invesco QQQ (QQQ). 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.
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Dividends
PCN vs. QQQ - Dividend Comparison
PCN's dividend yield for the trailing twelve months is around 10.64%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | 10.64% | 10.10% | 10.93% | 12.71% | 7.93% | 7.87% | 7.41% | 9.64% | 7.88% | 12.02% | 10.27% | 11.31% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
PCN vs. QQQ - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.14%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PCN and QQQ.
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Volatility
PCN vs. QQQ - Volatility Comparison
The current volatility for PIMCO Corporate & Income Strategy Fund (PCN) is 2.61%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that PCN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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