PFL vs. FSCO
PFL (PIMCO Income Strategy Fund) is Multisector Bonds fund actively managed by PIMCO, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, PFL returned 11.28%/yr vs 11.76%/yr for FSCO. At a 0.25 correlation, their price movements are largely independent.
Performance
PFL vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, PFL achieves a -0.08% return, which is significantly higher than FSCO's -17.89% return.
PFL
- 1D
- 0.64%
- 1M
- 3.29%
- 6M
- -0.69%
- YTD
- -0.08%
- 1Y
- 7.11%
- 3Y*
- 11.28%
- 5Y*
- 1.73%
- 10Y*
- 7.93%
FSCO
- 1D
- 0.42%
- 1M
- -0.83%
- 6M
- -20.17%
- YTD
- -17.89%
- 1Y
- -23.85%
- 3Y*
- 11.76%
- 5Y*
- —
- 10Y*
- —
PFL vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PFL PIMCO Income Strategy Fund | -0.08% | 13.03% | 11.51% | 17.29% | -2.06% |
FSCO FS Credit Opportunities Corp. | -17.89% | 3.68% | 34.88% | 36.98% | -3.98% |
Correlation
The correlation between PFL and FSCO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.25 |
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Return for Risk
PFL vs. FSCO — Risk / Return Rank
PFL
FSCO
PFL vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Strategy Fund (PFL) and FS Credit Opportunities Corp. (FSCO). 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.
| PFL | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.85 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | -0.67 | +1.61 |
| Martin ratioReturn relative to average drawdown | 2.58 | -1.23 | +3.81 |
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Drawdowns
PFL vs. FSCO - Drawdown Comparison
The maximum PFL drawdown since its inception was -77.97%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for PFL and FSCO.
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Drawdown Indicators
| PFL | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -35.53% | -42.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -35.53% | +27.89% |
Max Drawdown (3Y)Largest decline over 3 years | -13.21% | -35.53% | +22.32% |
Max Drawdown (5Y)Largest decline over 5 years | -33.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.40% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -28.31% | +26.32% |
Average DrawdownAverage peak-to-trough decline | -10.97% | -8.49% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 19.43% | -16.66% |
Volatility
PFL vs. FSCO - Volatility Comparison
The current volatility for PIMCO Income Strategy Fund (PFL) is 2.57%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 4.77%. This indicates that PFL experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFL | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 4.77% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 22.65% | -14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.43% | 27.63% | -18.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 28.00% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 28.00% | -9.69% |
Dividends
PFL vs. FSCO - Dividend Comparison
PFL's dividend yield for the trailing twelve months is around 12.44%, less than FSCO's 16.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.06% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFL PIMCO Income Strategy Fund | 12.44% | 11.59% | 11.66% | 11.57% | 12.04% | 9.53% | 9.44% | 9.11% | 9.94% | 9.25% | 10.22% | 11.09% |
Frequently Asked Questions
PFL and FSCO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (4.77%) compared to PFL (2.57%). In terms of maximum drawdown, PFL dropped -77.97% vs FSCO's -35.53%.
PFL currently has the higher Sharpe Ratio (0.76 vs -0.87), 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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