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 | 19.98% | 17.79% |
| 1Y Return | 10.15% | 26.42% |
| 3Y Return (Ann) | 0.23% | 8.24% |
| 5Y Return (Ann) | 3.79% | 13.48% |
| 10Y Return (Ann) | 7.72% | 10.85% |
| Sharpe Ratio | 0.69 | 2.06 |
| Daily Std Dev | 16.42% | 12.69% |
| Max Drawdown | -61.34% | -56.78% |
| Current Drawdown | -3.06% | -0.86% |
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 19.98% return, which is significantly higher than ^GSPC's 17.79% return. Over the past 10 years, PCN has underperformed ^GSPC with an annualized return of 7.72%, while ^GSPC has yielded a comparatively higher 10.85% 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 -61.34%, 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 1.34%, while S&P 500 (^GSPC) has a volatility of 3.99%. 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.