PFL vs. PFN

Last updated Feb 7, 2026

Compare and contrast key facts about Perpetual Global Income Fund (PFL) and PIMCO Income Strategy Fund II (PFN).

PFN is managed by PIMCO. It was launched on Oct 27, 2004.

Performance

PFL vs. PFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Perpetual Global Income Fund (PFL) and PIMCO Income Strategy Fund II (PFN). The values are adjusted to include any dividend payments, if applicable.

PFL vs. PFN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFL Perpetual Global Income Fund	1.21%	13.03%	11.51%	17.29%	-17.92%	4.62%	7.11%	19.65%	2.06%	21.26%
PFN PIMCO Income Strategy Fund II	-5.40%	13.07%	15.72%	15.43%	-17.65%	5.14%	3.97%	21.84%	0.94%	20.58%

Returns By Period

PFL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFN

• 1D: 3.77%
• 1M: -3.87%
• YTD: -5.40%
• 6M: -3.80%
• 1Y: 2.70%
• 3Y*: 11.05%
• 5Y*: 3.04%
• 10Y*: 8.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFL vs. PFN - Expense Ratio Comparison

PFN

PIMCO Income Strategy Fund II

Return for Risk

PFL vs. PFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFL

PFL Risk / Return Rank: 56
PFL Sharpe Ratio Rank: 51
PFL Sortino Ratio Rank: 43
PFL Omega Ratio Rank: 67
PFL Calmar Ratio Rank: 54
PFL Martin Ratio Rank: 63

PFN

PFN Risk / Return Rank: 11
PFN Sharpe Ratio Rank: 10
PFN Sortino Ratio Rank: 9
PFN Omega Ratio Rank: 10
PFN Calmar Ratio Rank: 11
PFN Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFL vs. PFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Perpetual Global Income Fund (PFL) and PIMCO Income Strategy Fund II (PFN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PFL	PFN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.28	—

Correlation

The correlation between PFL and PFN is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PFL vs. PFN - Dividend Comparison

PFL's dividend yield for the trailing twelve months is around 11.56%, less than PFN's 12.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFL Perpetual Global Income Fund	9.63%	11.59%	11.66%	11.57%	12.04%	9.53%	9.44%	9.11%	9.94%	9.25%	10.22%	11.09%
PFN PIMCO Income Strategy Fund II	12.51%	11.49%	11.57%	11.92%	12.19%	9.71%	9.67%	9.07%	10.81%	9.20%	10.12%	11.74%

Drawdowns

Drawdown Indicators

	PFL	PFN	Difference
Max Drawdown Largest peak-to-trough decline	-77.97%	-80.08%	+2.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-10.77%	+1.00%
Max Drawdown (5Y) Largest decline over 5 years	-33.30%	-33.45%	+0.15%
Max Drawdown (10Y) Largest decline over 10 years	-48.40%	-45.70%	-2.70%
Current Drawdown Current decline from peak	0.00%	-6.42%	+6.42%
Average Drawdown Average peak-to-trough decline	-11.11%	-11.89%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.79%	-0.95%

Volatility

Volatility by Period

	PFL	PFN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.16%	—