PCN vs. TMF
Compare and contrast key facts about PIMCO Corporate & Income Strategy Fund (PCN) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
PCN is managed by PIMCO. It was launched on Dec 20, 2001. TMF is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (300%). It was launched on Apr 16, 2009.
Performance
PCN vs. TMF - Performance Comparison
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PCN vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | -3.25% | 5.55% | 19.52% | 16.22% | -22.88% | 6.93% | -2.19% | 39.10% | -5.94% | 26.20% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -3.05% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
Returns By Period
In the year-to-date period, PCN achieves a -3.25% return, which is significantly lower than TMF's -3.05% return. Over the past 10 years, PCN has outperformed TMF with an annualized return of 8.38%, while TMF has yielded a comparatively lower -15.81% annualized return.
PCN
- 1D
- 1.01%
- 1M
- -4.03%
- YTD
- -3.25%
- 6M
- -4.99%
- 1Y
- -2.00%
- 3Y*
- 9.33%
- 5Y*
- 2.58%
- 10Y*
- 8.38%
TMF
- 1D
- -0.28%
- 1M
- -10.73%
- YTD
- -3.05%
- 6M
- -9.57%
- 1Y
- -17.24%
- 3Y*
- -23.47%
- 5Y*
- -29.34%
- 10Y*
- -15.81%
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PCN vs. TMF - Expense Ratio Comparison
PCN has a 0.85% expense ratio, which is lower than TMF's 1.09% expense ratio.
Return for Risk
PCN vs. TMF — Risk / Return Rank
PCN
TMF
PCN vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Strategy Fund (PCN) and Direxion Daily 20-Year Treasury Bull 3X (TMF). 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 | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | -0.51 | +0.39 |
Sortino ratioReturn per unit of downside risk | -0.06 | -0.52 | +0.46 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.94 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.56 | +0.41 |
Martin ratioReturn relative to average drawdown | -0.48 | -0.89 | +0.41 |
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 | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | -0.51 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.63 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | -0.36 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | -0.13 | +0.52 |
Correlation
The correlation between PCN and TMF is -0.00. 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.
Dividends
PCN vs. TMF - Dividend Comparison
PCN's dividend yield for the trailing twelve months is around 11.23%, more than TMF's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCN PIMCO Corporate & Income Strategy Fund | 11.23% | 10.58% | 10.06% | 10.88% | 12.66% | 7.89% | 7.83% | 7.37% | 9.60% | 7.85% | 11.98% | 10.22% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.02% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% |
Drawdowns
PCN vs. TMF - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.12%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for PCN and TMF.
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Drawdown Indicators
| PCN | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -92.61% | +31.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -27.13% | +13.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.39% | -88.37% | +54.98% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -92.61% | +42.34% |
Current DrawdownCurrent decline from peak | -5.77% | -91.97% | +86.20% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -43.14% | +35.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 16.98% | -12.68% |
Volatility
PCN vs. TMF - Volatility Comparison
The current volatility for PIMCO Corporate & Income Strategy Fund (PCN) is 5.89%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 10.85%. This indicates that PCN experiences smaller price fluctuations and is considered to be less risky than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCN | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 10.85% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 19.49% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 33.77% | -18.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 46.81% | -30.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 44.00% | -22.03% |