PFBPX vs. PCRIX
PFBPX (PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2) and PCRIX (PIMCO Commodity Real Return Strategy Fund) are both mutual funds - PFBPX is a Global Bonds fund actively managed by PIMCO, while PCRIX is a Commodities fund managed by PIMCO. Over the past 10 years, PFBPX returned 2.75%/yr vs 7.66%/yr for PCRIX. At a correlation of -0.01, they often move in opposite directions. PFBPX charges 0.67%/yr vs 0.80%/yr for PCRIX.
Performance
PFBPX vs. PCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, PFBPX achieves a 0.39% return, which is significantly lower than PCRIX's 15.90% return. Over the past 10 years, PFBPX has underperformed PCRIX with an annualized return of 2.75%, while PCRIX has yielded a comparatively higher 7.66% annualized return.
PFBPX
- 1D
- -0.10%
- 1M
- 1.37%
- YTD
- 0.39%
- 6M
- 0.82%
- 1Y
- 2.89%
- 3Y*
- 5.38%
- 5Y*
- 1.54%
- 10Y*
- 2.75%
PCRIX
- 1D
- -0.89%
- 1M
- -8.84%
- YTD
- 15.90%
- 6M
- 12.49%
- 1Y
- 23.67%
- 3Y*
- 14.57%
- 5Y*
- 11.02%
- 10Y*
- 7.66%
PFBPX vs. PCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFBPX PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 | 0.39% | 4.23% | 5.60% | 9.39% | -10.42% | -1.76% | 6.05% | 7.53% | 2.53% | 3.42% |
PCRIX PIMCO Commodity Real Return Strategy Fund | 15.90% | 17.05% | 10.59% | -5.91% | 8.94% | 33.35% | 0.79% | 12.29% | -13.77% | 2.71% |
Correlation
The correlation between PFBPX and PCRIX is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2008 | -0.01 |
Over the past year, the inverse relationship between PFBPX and PCRIX has strengthened: their correlation has moved from -0.01 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
PFBPX vs. PCRIX — Risk / Return Rank
PFBPX
PCRIX
PFBPX vs. PCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) and PIMCO Commodity Real Return Strategy Fund (PCRIX). 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.
| PFBPX | PCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.87 | -1.12 |
| Martin ratioReturn relative to average drawdown | 2.23 | 7.81 | -5.58 |
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Drawdowns
PFBPX vs. PCRIX - Drawdown Comparison
The maximum PFBPX drawdown since its inception was -16.52%, smaller than the maximum PCRIX drawdown of -82.24%. Use the drawdown chart below to compare losses from any high point for PFBPX and PCRIX.
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Drawdown Indicators
| PFBPX | PCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -82.24% | +65.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -11.85% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -11.85% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -13.80% | -34.44% | +20.64% |
Max Drawdown (10Y)Largest decline over 10 years | -14.00% | -39.07% | +25.07% |
Current DrawdownCurrent decline from peak | -1.09% | -44.32% | +43.23% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -47.95% | +45.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 2.99% | -1.64% |
Volatility
PFBPX vs. PCRIX - Volatility Comparison
The current volatility for PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) is 1.07%, while PIMCO Commodity Real Return Strategy Fund (PCRIX) has a volatility of 3.75%. This indicates that PFBPX experiences smaller price fluctuations and is considered to be less risky than PCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFBPX | PCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 3.75% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 14.25% | -10.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 16.52% | -12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 19.60% | -15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 17.10% | -13.94% |
PFBPX vs. PCRIX - Expense Ratio Comparison
PFBPX has a 0.67% expense ratio, which is lower than PCRIX's 0.80% expense ratio.
Dividends
PFBPX vs. PCRIX - Dividend Comparison
PFBPX's dividend yield for the trailing twelve months is around 3.99%, less than PCRIX's 10.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCRIX PIMCO Commodity Real Return Strategy Fund | 10.45% | 5.61% | 8.34% | 6.57% | 46.23% | 22.74% | 1.56% | 4.00% | 5.94% | 8.14% | 0.91% | 5.29% |
PFBPX PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 | 3.99% | 4.13% | 4.82% | 2.91% | 3.55% | 1.45% | 2.35% | 6.76% | 2.80% | 1.36% | 1.28% | 9.01% |
Frequently Asked Questions
PFBPX and PCRIX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCRIX has higher volatility (3.75%) compared to PFBPX (1.07%). In terms of maximum drawdown, PFBPX dropped -16.52% vs PCRIX's -82.24%.
PCRIX currently has the higher Sharpe Ratio (1.35 vs 0.79), 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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