PFN vs. PFL

Last updated Apr 1, 2026

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

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

Performance

PFN vs. PFL - Performance Comparison

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

PFN vs. PFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Returns By Period

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%

PFL

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

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

PFN vs. PFL - Expense Ratio Comparison

PFN

PIMCO Income Strategy Fund II

Return for Risk

PFN vs. PFL — Risk / Return Rank

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

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

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

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.

PFN vs. PFL - Risk-Adjusted Trends Comparison

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

	PFN	PFL	Difference
Sharpe ratio Return per unit of total volatility	0.20	—	—
Sortino ratio Return per unit of downside risk	0.34	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	0.26	—	—
Martin ratio Return relative to average drawdown	1.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFN	PFL	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 PFN and PFL 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

PFN vs. PFL - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

Drawdown Indicators

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

Volatility

Volatility by Period

	PFN	PFL	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%	—	—