PCQ vs. FLIN
PCQ (PIMCO California Municipal Income Fund) and FLIN (Franklin FTSE India ETF) are both funds - PCQ is a Municipal Bonds fund actively managed by PIMCO, while FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. PCQ is actively managed, while FLIN is passively managed. Over the past 5 years, PCQ returned -9.92%/yr vs 5.08%/yr for FLIN. At a 0.17 correlation, their price movements are largely independent.
Performance
PCQ vs. FLIN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCQ achieves a 3.99% return, which is significantly higher than FLIN's -6.84% return.
PCQ
- 1D
- 0.11%
- 1M
- 2.73%
- YTD
- 3.99%
- 6M
- 4.23%
- 1Y
- 10.41%
- 3Y*
- 1.30%
- 5Y*
- -9.92%
- 10Y*
- -1.37%
FLIN
- 1D
- 1.35%
- 1M
- 3.69%
- YTD
- -6.84%
- 6M
- -7.18%
- 1Y
- -6.39%
- 3Y*
- 7.12%
- 5Y*
- 5.08%
- 10Y*
- —
PCQ vs. FLIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PCQ PIMCO California Municipal Income Fund | 3.99% | 1.50% | 1.48% | -35.36% | -14.66% | 7.73% | -5.23% | 29.18% | 7.16% |
FLIN Franklin FTSE India ETF | -6.84% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
Correlation
The correlation between PCQ and FLIN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.17 |
The correlation between PCQ and FLIN shifts across timeframes, from 0.15 (5 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCQ vs. FLIN — Risk / Return Rank
PCQ
FLIN
PCQ vs. FLIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO California Municipal Income Fund (PCQ) and Franklin FTSE India ETF (FLIN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCQ | FLIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.94 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | -0.34 | +1.74 |
| Martin ratioReturn relative to average drawdown | 3.78 | -0.79 | +4.57 |
Loading charts...
Drawdowns
PCQ vs. FLIN - Drawdown Comparison
The maximum PCQ drawdown since its inception was -56.31%, which is greater than FLIN's maximum drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for PCQ and FLIN.
Loading charts...
Drawdown Indicators
| PCQ | FLIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -41.90% | -14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -18.79% | +11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -22.85% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -54.86% | -22.85% | -32.01% |
Max Drawdown (10Y)Largest decline over 10 years | -54.86% | — | — |
Current DrawdownCurrent decline from peak | -44.65% | -14.23% | -30.42% |
Average DrawdownAverage peak-to-trough decline | -12.71% | -8.06% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 8.07% | -5.31% |
Volatility
PCQ vs. FLIN - Volatility Comparison
The current volatility for PIMCO California Municipal Income Fund (PCQ) is 2.60%, while Franklin FTSE India ETF (FLIN) has a volatility of 4.22%. This indicates that PCQ experiences smaller price fluctuations and is considered to be less risky than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCQ | FLIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 4.22% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 5.99% | 13.13% | -7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 15.12% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 15.77% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 20.42% | -3.56% |
Dividends
PCQ vs. FLIN - Dividend Comparison
PCQ's dividend yield for the trailing twelve months is around 4.88%, more than FLIN's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.42% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% | 0.00% | 0.00% | 0.00% |
PCQ PIMCO California Municipal Income Fund | 4.88% | 4.95% | 4.78% | 4.64% | 5.29% | 4.20% | 4.39% | 4.65% | 5.72% | 5.35% | 5.89% | 5.89% |
Frequently Asked Questions
PCQ and FLIN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLIN has higher volatility (4.22%) compared to PCQ (2.60%). In terms of maximum drawdown, PCQ dropped -56.31% vs FLIN's -41.90%.
PCQ currently has the higher Sharpe Ratio (1.33 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PCQ and FLIN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer