PDX vs. ARCC
PDX (PIMCO Dynamic Income Strategy Fund) is Tactical Allocation fund actively managed by PIMCO, while ARCC (Ares Capital Corporation) is a stock. Over the past 5 years, PDX returned 24.46%/yr vs 8.57%/yr for ARCC. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
PDX vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, PDX achieves a 19.01% return, which is significantly higher than ARCC's -2.30% return.
PDX
- 1D
- 1.04%
- 1M
- 2.79%
- 6M
- 10.11%
- YTD
- 19.01%
- 1Y
- 9.12%
- 3Y*
- 22.38%
- 5Y*
- 24.46%
- 10Y*
- —
- ALL TIME*
- 11.08%
ARCC
- 1D
- -0.37%
- 1M
- 0.16%
- 6M
- -0.63%
- YTD
- -2.30%
- 1Y
- -7.66%
- 3Y*
- 8.39%
- 5Y*
- 8.57%
- 10Y*
- 12.33%
- ALL TIME*
- 11.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.64M | $84.10M | $93.93M | |
| $1.81M | $1.96M | $1.82M |
PDX vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PDX PIMCO Dynamic Income Strategy Fund | 19.01% | -10.59% | 36.99% | 44.51% | 23.02% | 68.79% | -44.20% | -9.89% |
ARCC Ares Capital Corporation | -2.30% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 27.21% |
Correlation
The correlation between PDX and ARCC is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019 | 0.38 |
Over the past year, the correlation between PDX and ARCC has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
PDX vs. ARCC — Risk / Return Rank
PDX
ARCC
PDX vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Strategy Fund (PDX) and Ares Capital Corporation (ARCC). 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.
| PDX | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.94 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | -0.50 | +0.99 |
| Martin ratioReturn relative to average drawdown | 1.11 | -0.91 | +2.02 |
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Drawdowns
PDX vs. ARCC - Drawdown Comparison
The maximum PDX drawdown since its inception was -80.63%, roughly equal to the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for PDX and ARCC.
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Drawdown Indicators
| PDX | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.63% | -79.36% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -17.35% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -37.24% | -19.35% | -17.89% |
Max Drawdown (5Y)Largest decline over 5 years | -37.24% | -21.76% | -15.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -13.56% | -11.07% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -18.75% | -9.12% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 9.51% | -2.60% |
Volatility
PDX vs. ARCC - Volatility Comparison
The current volatility for PIMCO Dynamic Income Strategy Fund (PDX) is 3.26%, while Ares Capital Corporation (ARCC) has a volatility of 4.33%. This indicates that PDX experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDX | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 4.33% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 14.79% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 18.86% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 19.97% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.12% | 25.58% | +10.54% |
Dividends
PDX vs. ARCC - Dividend Comparison
PDX's dividend yield for the trailing twelve months is around 21.40%, more than ARCC's 10.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.23% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
PDX PIMCO Dynamic Income Strategy Fund | 21.40% | 24.34% | 6.31% | 4.30% | 5.89% | 5.28% | 14.11% | 9.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDX and ARCC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.33%) compared to PDX (3.26%). In terms of maximum drawdown, PDX dropped -80.63% vs ARCC's -79.36%.
PDX currently has the higher Sharpe Ratio (0.55 vs -0.46), 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.
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