PFN vs. CRMVX
PFN (PIMCO Income Strategy Fund II) and CRMVX (Potomac Managed Volatility Fund) are both Multisector Bonds funds. Over the past 5 years, PFN returned 1.62%/yr vs 2.56%/yr for CRMVX. At a 0.14 correlation, their price movements are largely independent. PFN charges 1.74%/yr vs 1.62%/yr for CRMVX.
Performance
PFN vs. CRMVX - Performance Comparison
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Returns By Period
In the year-to-date period, PFN achieves a -3.70% return, which is significantly lower than CRMVX's 2.01% return.
PFN
- 1D
- 0.29%
- 1M
- 0.33%
- YTD
- -3.70%
- 6M
- -2.79%
- 1Y
- 5.34%
- 3Y*
- 10.39%
- 5Y*
- 1.62%
- 10Y*
- 7.87%
CRMVX
- 1D
- 0.00%
- 1M
- -0.00%
- YTD
- 2.01%
- 6M
- 2.04%
- 1Y
- 7.13%
- 3Y*
- 4.23%
- 5Y*
- 2.56%
- 10Y*
- —
PFN vs. CRMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PFN PIMCO Income Strategy Fund II | -3.70% | 13.07% | 15.72% | 15.43% | -17.65% | 5.14% | 20.01% |
CRMVX Potomac Managed Volatility Fund | 2.01% | 4.91% | 1.22% | 0.25% | 4.76% | 0.61% | 3.98% |
Correlation
The correlation between PFN and CRMVX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.14 |
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Return for Risk
PFN vs. CRMVX — Risk / Return Rank
PFN
CRMVX
PFN vs. CRMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Strategy Fund II (PFN) and Potomac Managed Volatility Fund (CRMVX). 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.
| PFN | CRMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.35 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 3.28 | -2.78 |
| Martin ratioReturn relative to average drawdown | 1.82 | 11.96 | -10.14 |
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Drawdowns
PFN vs. CRMVX - Drawdown Comparison
The maximum PFN drawdown since its inception was -80.08%, smaller than the maximum CRMVX drawdown of -97.39%. Use the drawdown chart below to compare losses from any high point for PFN and CRMVX.
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Drawdown Indicators
| PFN | CRMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -97.39% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -2.25% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -97.39% | +83.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.45% | -97.39% | +63.94% |
Max Drawdown (10Y)Largest decline over 10 years | -45.70% | — | — |
Current DrawdownCurrent decline from peak | -4.74% | -97.10% | +92.36% |
Average DrawdownAverage peak-to-trough decline | -11.81% | -24.72% | +12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.62% | +2.31% |
Volatility
PFN vs. CRMVX - Volatility Comparison
PIMCO Income Strategy Fund II (PFN) has a higher volatility of 2.79% compared to Potomac Managed Volatility Fund (CRMVX) at 1.68%. This indicates that PFN's price experiences larger fluctuations and is considered to be riskier than CRMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFN | CRMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 1.68% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 3.23% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 4.24% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.64% | 1,600.31% | -1,585.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 1,463.11% | -1,444.92% |
PFN vs. CRMVX - Expense Ratio Comparison
PFN has a 1.74% expense ratio, which is higher than CRMVX's 1.62% expense ratio.
Dividends
PFN vs. CRMVX - Dividend Comparison
PFN's dividend yield for the trailing twelve months is around 12.67%, more than CRMVX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRMVX Potomac Managed Volatility Fund | 5.64% | 5.75% | 3.75% | 2.74% | 0.57% | 2.59% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFN PIMCO Income Strategy Fund II | 12.67% | 11.49% | 11.57% | 11.92% | 12.19% | 9.71% | 9.67% | 9.07% | 10.81% | 9.20% | 10.12% | 11.74% |
Frequently Asked Questions
PFN and CRMVX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFN has higher volatility (2.79%) compared to CRMVX (1.68%). In terms of maximum drawdown, PFN dropped -80.08% vs CRMVX's -97.39%.
CRMVX currently has the higher Sharpe Ratio (1.74 vs 0.53), 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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