PCRIX vs. SPY
Compare and contrast key facts about PIMCO Commodity Real Return Strategy Fund (PCRIX) and State Street SPDR S&P 500 ETF (SPY).
PCRIX is managed by PIMCO. It was launched on Jun 27, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PCRIX vs. SPY - Performance Comparison
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PCRIX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PCRIX achieves a 21.21% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, PCRIX has underperformed SPY with an annualized return of -2.00%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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PCRIX vs. SPY - Expense Ratio Comparison
PCRIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PCRIX vs. SPY — Risk / Return Rank
PCRIX
SPY
PCRIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Real Return Strategy Fund (PCRIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.93 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.26 | 1.45 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.53 | +1.70 |
Martin ratioReturn relative to average drawdown | 9.71 | 7.30 | +2.41 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.93 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.69 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.78 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.56 | -0.68 |
Correlation
The correlation between PCRIX and SPY is 0.19, 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. SPY - Dividend Comparison
PCRIX's dividend yield for the trailing twelve months is around 4.19%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PCRIX vs. SPY - Drawdown Comparison
The maximum PCRIX drawdown since its inception was -88.17%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PCRIX and SPY.
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Drawdown Indicators
| PCRIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.17% | -55.19% | -32.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -12.05% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -78.15% | -24.50% | -53.65% |
Max Drawdown (10Y)Largest decline over 10 years | -78.15% | -33.72% | -44.43% |
Current DrawdownCurrent decline from peak | -80.59% | -6.24% | -74.35% |
Average DrawdownAverage peak-to-trough decline | -51.60% | -9.09% | -42.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.52% | +0.63% |
Volatility
PCRIX vs. SPY - Volatility Comparison
PIMCO Commodity Real Return Strategy Fund (PCRIX) has a higher volatility of 7.29% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that PCRIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCRIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 5.31% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 9.47% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 19.05% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.75% | 17.06% | +18.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 17.92% | +9.26% |