PGP vs. PSPTX

Last updated Jun 4, 2026

PGP (PIMCO Global StocksPLUS & Income Fund) and PSPTX (PIMCO StocksPLUS Absolute Return Fund) are both mutual funds - PGP is a Global Allocation fund actively managed by PIMCO, while PSPTX is a Large Cap Blend Equities fund managed by PIMCO. Over the past 10 years, PGP returned 1.87%/yr vs 15.71%/yr for PSPTX. At a 0.39 correlation, their price movements are largely independent.

Performance

PGP vs. PSPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Global StocksPLUS & Income Fund (PGP) and PIMCO StocksPLUS Absolute Return Fund (PSPTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGP achieves a -1.33% return, which is significantly lower than PSPTX's 11.02% return. Over the past 10 years, PGP has underperformed PSPTX with an annualized return of 1.87%, while PSPTX has yielded a comparatively higher 15.71% annualized return.

PGP

• 1D: -1.48%
• 1M: -4.41%
• YTD: -1.33%
• 6M: 1.90%
• 1Y: 18.30%
• 3Y*: 17.75%
• 5Y*: 5.44%
• 10Y*: 1.87%

PSPTX

• 1D: 0.21%
• 1M: 6.17%
• YTD: 11.02%
• 6M: 7.47%
• 1Y: 26.42%
• 3Y*: 22.40%
• 5Y*: 12.72%
• 10Y*: 15.71%

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

PGP vs. PSPTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGP PIMCO Global StocksPLUS & Income Fund	-1.33%	29.92%	15.48%	21.33%	-29.19%	16.38%	-6.98%	12.73%	-15.75%	20.95%
PSPTX PIMCO StocksPLUS Absolute Return Fund	11.02%	16.07%	25.78%	26.92%	-22.08%	27.99%	18.86%	36.66%	-5.65%	23.90%

Correlation

The correlation between PGP and PSPTX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 27, 2005	0.39

The correlation between PGP and PSPTX shifts across timeframes, from 0.27 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PGP vs. PSPTX — Risk / Return Rank

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

PGP

PGP Risk / Return Rank: 22
PGP Sharpe Ratio Rank: 25
PGP Sortino Ratio Rank: 21
PGP Omega Ratio Rank: 27
PGP Calmar Ratio Rank: 16
PGP Martin Ratio Rank: 21

PSPTX

PSPTX Risk / Return Rank: 42
PSPTX Sharpe Ratio Rank: 49
PSPTX Sortino Ratio Rank: 42
PSPTX Omega Ratio Rank: 48
PSPTX Calmar Ratio Rank: 33
PSPTX Martin Ratio Rank: 38

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.

PGP vs. PSPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Global StocksPLUS & Income Fund (PGP) and PIMCO StocksPLUS Absolute Return Fund (PSPTX). 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.

	PGP	PSPTX	Difference
Sharpe ratio Return per unit of total volatility	1.45	2.06	-0.61
Sortino ratio Return per unit of downside risk	1.95	2.73	-0.78
Omega ratio Gain probability vs. loss probability	1.28	1.38	-0.10
Calmar ratio Return relative to maximum drawdown	1.41	2.16	-0.76
Martin ratio Return relative to average drawdown	5.50	8.24	-2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGP vs. PSPTX - Sharpe Ratio Comparison

The current PGP Sharpe Ratio is 1.45, which is comparable to the PSPTX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of PGP and PSPTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGP	PSPTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	2.06	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.72	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.83	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.61	-0.37

Drawdowns

PGP vs. PSPTX - Drawdown Comparison

The maximum PGP drawdown since its inception was -64.94%, which is greater than PSPTX's maximum drawdown of -61.82%. Use the drawdown chart below to compare losses from any high point for PGP and PSPTX.

Drawdown Indicators

	PGP	PSPTX	Difference
Max Drawdown Largest peak-to-trough decline	-64.94%	-61.82%	-3.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-12.70%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-21.01%	-19.80%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-39.87%	-28.53%	-11.34%
Max Drawdown (10Y) Largest decline over 10 years	-64.55%	-39.47%	-25.08%
Current Drawdown Current decline from peak	-5.48%	0.00%	-5.48%
Average Drawdown Average peak-to-trough decline	-15.98%	-6.76%	-9.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.32%	+0.02%

Volatility

PGP vs. PSPTX - Volatility Comparison

PIMCO Global StocksPLUS & Income Fund (PGP) has a higher volatility of 4.56% compared to PIMCO StocksPLUS Absolute Return Fund (PSPTX) at 3.35%. This indicates that PGP's price experiences larger fluctuations and is considered to be riskier than PSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGP	PSPTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	3.35%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	10.66%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	13.34%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.43%	17.75%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.41%	18.92%	+7.49%

Dividends

PGP vs. PSPTX - Dividend Comparison

PGP's dividend yield for the trailing twelve months is around 9.55%, less than PSPTX's 12.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGP PIMCO Global StocksPLUS & Income Fund	9.55%	9.07%	10.64%	11.04%	11.95%	7.65%	9.49%	10.13%	12.53%	11.44%	14.86%	12.14%
PSPTX PIMCO StocksPLUS Absolute Return Fund	12.08%	14.54%	10.60%	2.60%	4.72%	32.14%	4.56%	11.00%	11.46%	17.93%	0.16%	5.71%

Frequently Asked Questions

Can I hold both PGP and PSPTX in my portfolio?

PGP and PSPTX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGP or PSPTX?

PGP has higher volatility (4.56%) compared to PSPTX (3.35%). In terms of maximum drawdown, PGP dropped -64.94% vs PSPTX's -61.82%.

Which has better risk-adjusted returns?

PSPTX currently has the higher Sharpe Ratio (2.06 vs 1.45), 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.