PCN vs. ^GSPC
Compare and contrast key facts about PIMCO Corporate & Income Strategy Fund (PCN) and S&P 500 (^GSPC).
PCN is managed by PIMCO. It was launched on Dec 20, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCN or ^GSPC.
Key characteristics
| PCN | ^GSPC | |
|---|---|---|
| YTD Return | 22.61% | 25.70% |
| 1Y Return | 25.98% | 37.91% |
| 3Y Return (Ann) | 0.41% | 8.59% |
| 5Y Return (Ann) | 2.58% | 14.18% |
| 10Y Return (Ann) | 7.98% | 11.41% |
| Sharpe Ratio | 1.94 | 2.97 |
| Sortino Ratio | 2.32 | 3.97 |
| Omega Ratio | 1.45 | 1.56 |
| Calmar Ratio | 1.05 | 3.93 |
| Martin Ratio | 5.95 | 19.39 |
| Ulcer Index | 3.94% | 1.90% |
| Daily Std Dev | 12.09% | 12.38% |
| Max Drawdown | -61.33% | -56.78% |
| Current Drawdown | -1.39% | 0.00% |
Correlation
The correlation between PCN and ^GSPC 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.
Performance
PCN vs. ^GSPC - Performance Comparison
In the year-to-date period, PCN achieves a 22.61% return, which is significantly lower than ^GSPC's 25.70% return. Over the past 10 years, PCN has underperformed ^GSPC with an annualized return of 7.98%, while ^GSPC has yielded a comparatively higher 11.41% 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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Risk-Adjusted Performance
PCN vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Strategy Fund (PCN) and S&P 500 (^GSPC). 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.
Drawdowns
PCN vs. ^GSPC - Drawdown Comparison
The maximum PCN drawdown since its inception was -61.33%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PCN and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PCN vs. ^GSPC - Volatility Comparison
The current volatility for PIMCO Corporate & Income Strategy Fund (PCN) is 2.75%, while S&P 500 (^GSPC) has a volatility of 3.92%. This indicates that PCN experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.