PFLEX vs. ACP
PFLEX (PIMCO Flexible Credit Income Fund) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Over the past 5 years, PFLEX returned 3.21%/yr vs -0.18%/yr for ACP. Their 0.28 correlation means their historical movements had little consistent relationship. PFLEX charges 2.10%/yr vs 1.97%/yr for ACP.
Performance
PFLEX vs. ACP - Performance Comparison
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Returns By Period
In the year-to-date period, PFLEX achieves a -0.95% return, which is significantly lower than ACP's 2.65% return.
PFLEX
- 1D
- -0.29%
- 1M
- -1.16%
- 6M
- -0.81%
- YTD
- -0.95%
- 1Y
- 0.30%
- 3Y*
- 8.59%
- 5Y*
- 3.21%
- 10Y*
- —
- ALL TIME*
- 4.98%
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $0.00 | $0.00 | $0.00 |
PFLEX vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLEX PIMCO Flexible Credit Income Fund | -0.95% | 7.28% | 14.00% | 10.05% | -14.68% | 11.87% | 4.29% | 10.63% | 2.86% | 4.70% |
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 26.93% | -17.64% | 8.87% |
Correlation
The correlation between PFLEX and ACP is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.28 |
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Return for Risk
PFLEX vs. ACP — Risk / Return Rank
PFLEX
ACP
PFLEX vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Flexible Credit Income Fund (PFLEX) and abrdn Income Credit Strategies Fund (ACP). 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.
| PFLEX | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.01 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.22 | -0.04 | +0.25 |
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Drawdowns
PFLEX vs. ACP - Drawdown Comparison
The maximum PFLEX drawdown since its inception was -24.60%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for PFLEX and ACP.
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Drawdown Indicators
| PFLEX | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.60% | -51.03% | +26.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -10.51% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -18.97% | +14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -38.83% | +20.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.03% | — |
Current DrawdownCurrent decline from peak | -1.59% | -7.88% | +6.29% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -11.06% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.86% | -2.31% |
Volatility
PFLEX vs. ACP - Volatility Comparison
The current volatility for PIMCO Flexible Credit Income Fund (PFLEX) is 0.95%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 3.78%. This indicates that PFLEX experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLEX | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 3.78% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 10.07% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 12.30% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 17.03% | -11.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 21.09% | -15.22% |
PFLEX vs. ACP - Expense Ratio Comparison
PFLEX has a 2.10% expense ratio, which is higher than ACP's 1.97% expense ratio.
Dividends
PFLEX vs. ACP - Dividend Comparison
PFLEX's dividend yield for the trailing twelve months is around 5.12%, less than ACP's 18.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
PFLEX PIMCO Flexible Credit Income Fund | 5.12% | 6.59% | 9.41% | 12.77% | 14.50% | 9.06% | 8.51% | 9.86% | 10.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFLEX and ACP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to PFLEX (0.95%). In terms of maximum drawdown, PFLEX dropped -24.60% vs ACP's -51.03%.
PFLEX currently has the higher Sharpe Ratio (0.09 vs -0.01), 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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