PIPAX vs. PSLDX

Last updated Jun 5, 2026

PIPAX (PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A) and PSLDX (PIMCO StocksPLUS Long Duration Fund Class I) are both mutual funds - PIPAX is a Foreign Large Cap Equities fund managed by PIMCO, while PSLDX is a Diversified Portfolio fund managed by PIMCO. Over the past 10 years, PIPAX returned 11.63%/yr vs 14.53%/yr for PSLDX. At a 0.49 correlation, their price movements are largely independent. PIPAX charges 1.15%/yr vs 0.61%/yr for PSLDX.

Performance

PIPAX vs. PSLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and PIMCO StocksPLUS Long Duration Fund Class I (PSLDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PIPAX having a 9.57% return and PSLDX slightly lower at 9.13%. Over the past 10 years, PIPAX has underperformed PSLDX with an annualized return of 11.63%, while PSLDX has yielded a comparatively higher 14.53% annualized return.

PIPAX

• 1D: 0.11%
• 1M: 4.33%
• YTD: 9.57%
• 6M: 3.74%
• 1Y: 17.36%
• 3Y*: 16.16%
• 5Y*: 10.94%
• 10Y*: 11.63%

PSLDX

• 1D: -1.10%
• 1M: 4.66%
• YTD: 9.13%
• 6M: 8.17%
• 1Y: 30.30%
• 3Y*: 19.16%
• 5Y*: 5.52%
• 10Y*: 14.53%

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

PIPAX vs. PSLDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A	9.57%	16.57%	14.37%	21.29%	-9.30%	18.02%	3.78%	25.94%	-10.40%	18.30%
PSLDX PIMCO StocksPLUS Long Duration Fund Class I	9.13%	20.34%	15.41%	27.93%	-43.18%	25.85%	37.80%	60.43%	-9.31%	33.07%

Correlation

The correlation between PIPAX and PSLDX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.49

The correlation between PIPAX and PSLDX shifts across timeframes, from 0.31 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PIPAX vs. PSLDX — Risk / Return Rank

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

PIPAX

PIPAX Risk / Return Rank: 21
PIPAX Sharpe Ratio Rank: 19
PIPAX Sortino Ratio Rank: 16
PIPAX Omega Ratio Rank: 26
PIPAX Calmar Ratio Rank: 22
PIPAX Martin Ratio Rank: 24

PSLDX

PSLDX Risk / Return Rank: 42
PSLDX Sharpe Ratio Rank: 45
PSLDX Sortino Ratio Rank: 40
PSLDX Omega Ratio Rank: 42
PSLDX Calmar Ratio Rank: 39
PSLDX Martin Ratio Rank: 46

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.

PIPAX vs. PSLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and PIMCO StocksPLUS Long Duration Fund Class I (PSLDX). 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.

	PIPAX	PSLDX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.98	-0.74
Sortino ratio: Return per unit of downside risk	1.68	2.66	-0.98
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	1.70	2.36	-0.66
Martin ratio: Return relative to average drawdown	5.90	9.56	-3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIPAX vs. PSLDX - Sharpe Ratio Comparison

The current PIPAX Sharpe Ratio is 1.24, which is lower than the PSLDX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of PIPAX and PSLDX, 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

	PIPAX	PSLDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.98	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.24	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.68	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.67	-0.14

Drawdowns

PIPAX vs. PSLDX - Drawdown Comparison

The maximum PIPAX drawdown since its inception was -57.80%, roughly equal to the maximum PSLDX drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PIPAX and PSLDX.

Drawdown Indicators

	PIPAX	PSLDX	Difference
Max Drawdown Largest peak-to-trough decline	-57.80%	-55.25%	-2.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-13.70%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-15.24%	-24.03%	+8.79%
Max Drawdown (5Y) Largest decline over 5 years	-19.17%	-49.32%	+30.15%
Max Drawdown (10Y) Largest decline over 10 years	-35.55%	-49.32%	+13.77%
Current Drawdown Current decline from peak	0.00%	-1.10%	+1.10%
Average Drawdown Average peak-to-trough decline	-7.35%	-10.64%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.38%	-0.30%

Volatility

PIPAX vs. PSLDX - Volatility Comparison

The current volatility for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) is 3.50%, while PIMCO StocksPLUS Long Duration Fund Class I (PSLDX) has a volatility of 5.37%. This indicates that PIPAX experiences smaller price fluctuations and is considered to be less risky than PSLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIPAX	PSLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	5.37%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	13.13%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	16.38%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	22.71%	-8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.66%	21.32%	-6.66%

PIPAX vs. PSLDX - Expense Ratio Comparison

PIPAX has a 1.15% expense ratio, which is higher than PSLDX's 0.61% expense ratio.

Dividends

PIPAX vs. PSLDX - Dividend Comparison

PIPAX's dividend yield for the trailing twelve months is around 5.12%, less than PSLDX's 9.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A	5.12%	5.61%	12.69%	10.56%	10.66%	7.59%	1.44%	11.71%	8.25%	7.38%	0.78%	8.16%
PSLDX PIMCO StocksPLUS Long Duration Fund Class I	9.54%	12.92%	15.23%	3.67%	2.66%	38.80%	12.89%	18.91%	15.58%	24.52%	11.55%	12.08%

Frequently Asked Questions

Can I hold both PIPAX and PSLDX in my portfolio?

PIPAX and PSLDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIPAX or PSLDX?

PSLDX has higher volatility (5.37%) compared to PIPAX (3.50%). In terms of maximum drawdown, PIPAX dropped -57.80% vs PSLDX's -55.25%.

Which has better risk-adjusted returns?

PSLDX currently has the higher Sharpe Ratio (1.98 vs 1.24), 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.