PCN vs. SPY
Compare and contrast key facts about PIMCO Corporate & Income Strategy Fund (PCN) and State Street SPDR S&P 500 ETF (SPY).
PCN is managed by PIMCO. It was launched on Dec 20, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PCN vs. SPY - Performance Comparison
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PCN vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | -4.21% | 5.55% | 19.52% | 16.22% | -22.88% | 6.93% | -2.19% | 39.10% | -5.94% | 26.20% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
The year-to-date returns for both stocks are quite close, with PCN having a -4.21% return and SPY slightly lower at -4.37%. Over the past 10 years, PCN has underperformed SPY with an annualized return of 8.27%, while SPY has yielded a comparatively higher 13.98% annualized return.
PCN
- 1D
- 3.48%
- 1M
- -4.53%
- YTD
- -4.21%
- 6M
- -6.22%
- 1Y
- -3.05%
- 3Y*
- 8.96%
- 5Y*
- 2.37%
- 10Y*
- 8.27%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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PCN vs. SPY - Expense Ratio Comparison
PCN has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PCN vs. SPY — Risk / Return Rank
PCN
SPY
PCN vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Strategy Fund (PCN) and State Street SPDR S&P 500 ETF (SPY). 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.
| PCN | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | 0.93 | -1.12 |
Sortino ratioReturn per unit of downside risk | -0.15 | 1.45 | -1.60 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.22 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.53 | -1.73 |
Martin ratioReturn relative to average drawdown | -0.66 | 7.30 | -7.95 |
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
| PCN | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.93 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.69 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.78 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.56 | -0.17 |
Correlation
The correlation between PCN and SPY 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.
Dividends
PCN vs. SPY - Dividend Comparison
PCN's dividend yield for the trailing twelve months is around 11.34%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | 11.34% | 10.58% | 10.06% | 10.88% | 12.66% | 7.89% | 7.83% | 7.37% | 9.60% | 7.85% | 11.98% | 10.22% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PCN vs. SPY - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PCN and SPY.
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Drawdown Indicators
| PCN | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -55.19% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -12.05% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.39% | -24.50% | -8.89% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -33.72% | -16.55% |
Current DrawdownCurrent decline from peak | -6.71% | -6.24% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -9.09% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 2.52% | +1.80% |
Volatility
PCN vs. SPY - Volatility Comparison
PIMCO Corporate & Income Strategy Fund (PCN) has a higher volatility of 5.81% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that PCN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCN | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 5.31% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 9.47% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 19.05% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 17.06% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 17.92% | +4.05% |