PCRIX vs. PONAX
Compare and contrast key facts about PIMCO Commodity Real Return Strategy Fund (PCRIX) and PIMCO Income Fund Class A (PONAX).
PCRIX is managed by PIMCO. It was launched on Jun 27, 2002. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
PCRIX vs. PONAX - Performance Comparison
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PCRIX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCRIX PIMCO Commodity Real Return Strategy Fund | 21.21% | 17.05% | 10.59% | -68.64% | 8.94% | 33.35% | 0.79% | 12.29% | -13.77% | 2.71% |
PONAX PIMCO Income Fund Class A | -1.42% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Returns By Period
In the year-to-date period, PCRIX achieves a 21.21% return, which is significantly higher than PONAX's -1.42% return. Over the past 10 years, PCRIX has underperformed PONAX with an annualized return of -2.00%, while PONAX has yielded a comparatively higher 4.25% annualized return.
PCRIX
- 1D
- 0.92%
- 1M
- 9.45%
- YTD
- 21.21%
- 6M
- 25.18%
- 1Y
- 28.13%
- 3Y*
- 14.86%
- 5Y*
- -8.03%
- 10Y*
- -2.00%
PONAX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.42%
- 6M
- 0.98%
- 1Y
- 5.68%
- 3Y*
- 6.79%
- 5Y*
- 3.00%
- 10Y*
- 4.25%
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PCRIX vs. PONAX - Expense Ratio Comparison
PCRIX has a 0.80% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
PCRIX vs. PONAX — Risk / Return Rank
PCRIX
PONAX
PCRIX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Real Return Strategy Fund (PCRIX) and PIMCO Income Fund Class A (PONAX). 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.
| PCRIX | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.48 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.26 | 2.11 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.76 | +1.46 |
Martin ratioReturn relative to average drawdown | 9.71 | 7.07 | +2.64 |
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
| PCRIX | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.48 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.64 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 1.03 | -1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 1.47 | -1.59 |
Correlation
The correlation between PCRIX and PONAX is 0.20, 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.
Dividends
PCRIX vs. PONAX - Dividend Comparison
PCRIX's dividend yield for the trailing twelve months is around 4.19%, less than PONAX's 5.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCRIX PIMCO Commodity Real Return Strategy Fund | 4.19% | 5.61% | 8.34% | 16.19% | 46.23% | 22.74% | 1.56% | 4.00% | 5.94% | 8.14% | 0.91% | 5.29% |
PONAX PIMCO Income Fund Class A | 5.20% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
PCRIX vs. PONAX - Drawdown Comparison
The maximum PCRIX drawdown since its inception was -88.17%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for PCRIX and PONAX.
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Drawdown Indicators
| PCRIX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.17% | -13.64% | -74.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -3.69% | -5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -78.15% | -13.64% | -64.51% |
Max Drawdown (10Y)Largest decline over 10 years | -78.15% | -13.64% | -64.51% |
Current DrawdownCurrent decline from peak | -80.59% | -3.24% | -77.35% |
Average DrawdownAverage peak-to-trough decline | -51.60% | -1.80% | -49.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 0.92% | +2.23% |
Volatility
PCRIX vs. PONAX - Volatility Comparison
PIMCO Commodity Real Return Strategy Fund (PCRIX) has a higher volatility of 7.29% compared to PIMCO Income Fund Class A (PONAX) at 1.88%. This indicates that PCRIX's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCRIX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 1.88% | +5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 2.61% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 4.24% | +12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.75% | 4.72% | +31.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 4.16% | +23.02% |