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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCN or TMF.
Key characteristics
| PCN | TMF | |
|---|---|---|
| YTD Return | 22.50% | -28.26% |
| 1Y Return | 27.41% | 1.69% |
| 3Y Return (Ann) | 0.92% | -44.46% |
| 5Y Return (Ann) | 3.22% | -29.32% |
| 10Y Return (Ann) | 8.32% | -12.19% |
| Sharpe Ratio | 2.21 | 0.02 |
| Sortino Ratio | 2.63 | 0.35 |
| Omega Ratio | 1.52 | 1.04 |
| Calmar Ratio | 1.19 | 0.01 |
| Martin Ratio | 6.69 | 0.05 |
| Ulcer Index | 3.94% | 21.03% |
| Daily Std Dev | 11.90% | 44.33% |
| Max Drawdown | -61.14% | -92.18% |
| Current Drawdown | -1.51% | -90.62% |
Correlation
The correlation between PCN and TMF is -0.02. 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. TMF - Performance Comparison
In the year-to-date period, PCN achieves a 22.50% return, which is significantly higher than TMF's -28.26% return. Over the past 10 years, PCN has outperformed TMF with an annualized return of 8.32%, while TMF has yielded a comparatively lower -12.19% 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. TMF - Expense Ratio Comparison
PCN has a 0.85% expense ratio, which is lower than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
PCN vs. TMF - Risk-Adjusted Performance 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.
Dividends
PCN vs. TMF - Dividend Comparison
PCN's dividend yield for the trailing twelve months is around 9.78%, more than TMF's 3.72% 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% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.72% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
PCN vs. TMF - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.14%, smaller than the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for PCN and TMF. For additional features, visit the drawdowns tool.
Volatility
PCN vs. TMF - Volatility Comparison
The current volatility for PIMCO Corporate & Income Strategy Fund (PCN) is 2.72%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 15.47%. 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.