PCN vs. RCS
PCN (PIMCO Corporate & Income Strategy Fund) and RCS (PIMCO Strategic Income Fund) are both mutual funds - PCN is a Multisector Bonds fund actively managed by PIMCO, while RCS is a Intermediate Core-Plus Bond fund managed by PIMCO. Over the past 10 years, PCN returned 6.93%/yr vs 2.53%/yr for RCS. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
PCN vs. RCS - Performance Comparison
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Returns By Period
In the year-to-date period, PCN achieves a -2.68% return, which is significantly lower than RCS's -2.43% return. Over the past 10 years, PCN has outperformed RCS with an annualized return of 6.93%, while RCS has yielded a comparatively lower 2.53% annualized return.
PCN
- 1D
- -0.34%
- 1M
- -0.99%
- 6M
- -3.91%
- YTD
- -2.68%
- 1Y
- 2.62%
- 3Y*
- 5.39%
- 5Y*
- 0.50%
- 10Y*
- 6.93%
- ALL TIME*
- 9.52%
RCS
- 1D
- 0.39%
- 1M
- -5.47%
- 6M
- -8.32%
- YTD
- -2.43%
- 1Y
- -21.18%
- 3Y*
- 7.37%
- 5Y*
- 1.37%
- 10Y*
- 2.53%
- ALL TIME*
- 6.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.20M | $3.68M | $3.66M | |
| $661.35K | $644.81K | $738.42K |
PCN vs. RCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | -2.68% | 5.55% | 19.52% | 16.22% | -22.88% | 6.93% | -2.19% | 39.10% | -5.94% | 26.20% |
RCS PIMCO Strategic Income Fund | -2.43% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
Correlation
The correlation between PCN and RCS is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2001 | 0.31 |
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Return for Risk
PCN vs. RCS — Risk / Return Rank
PCN
RCS
PCN vs. RCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Strategy Fund (PCN) and PIMCO Strategic Income Fund (RCS). 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.
| PCN | RCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.86 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.64 | +0.90 |
| Martin ratioReturn relative to average drawdown | 0.66 | -0.97 | +1.64 |
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Drawdowns
PCN vs. RCS - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.12%, which is greater than RCS's maximum drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for PCN and RCS.
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Drawdown Indicators
| PCN | RCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -46.69% | -14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -32.94% | +22.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.53% | -32.94% | +10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.39% | -36.18% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -46.69% | -3.58% |
Current DrawdownCurrent decline from peak | -5.22% | -30.40% | +25.18% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -9.48% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 21.67% | -17.58% |
Volatility
PCN vs. RCS - Volatility Comparison
The current volatility for PIMCO Corporate & Income Strategy Fund (PCN) is 2.37%, while PIMCO Strategic Income Fund (RCS) has a volatility of 3.03%. This indicates that PCN experiences smaller price fluctuations and is considered to be less risky than RCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCN | RCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.03% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 16.55% | -9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 24.22% | -14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 25.22% | -9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 25.82% | -3.91% |
Dividends
PCN vs. RCS - Dividend Comparison
PCN's dividend yield for the trailing twelve months is around 11.60%, more than RCS's 9.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | 11.60% | 10.58% | 10.06% | 10.88% | 12.66% | 7.89% | 7.83% | 7.37% | 9.60% | 7.85% | 11.98% | 10.22% |
RCS PIMCO Strategic Income Fund | 9.28% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
Frequently Asked Questions
PCN and RCS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (3.03%) compared to PCN (2.37%). In terms of maximum drawdown, PCN dropped -61.12% vs RCS's -46.69%.
PCN currently has the higher Sharpe Ratio (0.27 vs -0.87), 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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