PCN vs. TLT
Compare and contrast key facts about PIMCO Corporate & Income Strategy Fund (PCN) and iShares 20+ Year Treasury Bond ETF (TLT).
PCN is managed by PIMCO. It was launched on Dec 20, 2001. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCN or TLT.
Key characteristics
| PCN | TLT | |
|---|---|---|
| YTD Return | 22.50% | -5.24% |
| 1Y Return | 27.41% | 7.41% |
| 3Y Return (Ann) | 0.92% | -12.32% |
| 5Y Return (Ann) | 3.22% | -5.76% |
| 10Y Return (Ann) | 8.32% | -0.27% |
| Sharpe Ratio | 2.21 | 0.48 |
| Sortino Ratio | 2.63 | 0.77 |
| Omega Ratio | 1.52 | 1.09 |
| Calmar Ratio | 1.19 | 0.16 |
| Martin Ratio | 6.69 | 1.18 |
| Ulcer Index | 3.94% | 6.06% |
| Daily Std Dev | 11.90% | 14.98% |
| Max Drawdown | -61.14% | -48.35% |
| Current Drawdown | -1.51% | -40.96% |
Correlation
The correlation between PCN and TLT is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PCN vs. TLT - Performance Comparison
In the year-to-date period, PCN achieves a 22.50% return, which is significantly higher than TLT's -5.24% return. Over the past 10 years, PCN has outperformed TLT with an annualized return of 8.32%, while TLT has yielded a comparatively lower -0.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PCN vs. TLT - Expense Ratio Comparison
PCN has a 0.85% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
PCN vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Strategy Fund (PCN) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
PCN vs. TLT - Dividend Comparison
PCN's dividend yield for the trailing twelve months is around 9.78%, more than TLT's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | 9.78% | 10.93% | 12.71% | 7.93% | 7.87% | 7.41% | 9.64% | 7.88% | 12.02% | 10.27% | 11.31% | 14.59% |
TLT iShares 20+ Year Treasury Bond ETF | 4.06% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
PCN vs. TLT - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.14%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PCN and TLT. For additional features, visit the drawdowns tool.
Volatility
PCN vs. TLT - Volatility Comparison
The current volatility for PIMCO Corporate & Income Strategy Fund (PCN) is 2.72%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.22%. This indicates that PCN experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.