PISIX vs. PSKIX

Last updated Aug 1, 2026

PISIX (PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)) and PSKIX (PIMCO StocksPLUS International Fund (Unhedged)) are both Foreign Large Cap Equities funds from PIMCO. Over the past 10 years, PISIX returned 12.11%/yr vs 8.82%/yr for PSKIX. Their correlation of 0.88 means they have usually moved in the same direction. PISIX charges 0.76%/yr vs 0.65%/yr for PSKIX.

Performance

PISIX vs. PSKIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX) and PIMCO StocksPLUS International Fund (Unhedged) (PSKIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PISIX achieves a 12.84% return, which is significantly higher than PSKIX's 10.19% return. Over the past 10 years, PISIX has outperformed PSKIX with an annualized return of 12.11%, while PSKIX has yielded a comparatively lower 8.82% annualized return.

PISIX

• 1D: 0.68%
• 1M: -0.58%
• 6M: 8.78%
• YTD: 12.84%
• 1Y: 20.98%
• 3Y*: 16.47%
• 5Y*: 12.02%
• 10Y*: 12.11%
• ALL TIME*: 10.20%

PSKIX

• 1D: 1.89%
• 1M: 0.14%
• 6M: 4.88%
• YTD: 10.19%
• 1Y: 23.25%
• 3Y*: 14.38%
• 5Y*: 7.17%
• 10Y*: 8.82%
• ALL TIME*: 6.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)	$0.00	$0.00	$0.00
PSKIX PIMCO StocksPLUS International Fund (Unhedged)	$0.00	$0.00	$0.00

PISIX vs. PSKIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)	12.84%	17.68%	14.87%	21.70%	-8.86%	18.37%	4.29%	26.40%	-10.00%	18.81%
PSKIX PIMCO StocksPLUS International Fund (Unhedged)	10.19%	29.49%	2.59%	17.88%	-18.66%	11.14%	8.77%	23.23%	-14.91%	27.10%

Correlation

The correlation between PISIX and PSKIX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Dec 1, 2006	0.88

The correlation between PISIX and PSKIX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

PISIX vs. PSKIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PISIX

PISIX Risk / Return Rank: 49
PISIX Sharpe Ratio Rank: 49
PISIX Sortino Ratio Rank: 43
PISIX Omega Ratio Rank: 61
PISIX Calmar Ratio Rank: 48
PISIX Martin Ratio Rank: 45

PSKIX

PSKIX Risk / Return Rank: 56
PSKIX Sharpe Ratio Rank: 62
PSKIX Sortino Ratio Rank: 65
PSKIX Omega Ratio Rank: 62
PSKIX Calmar Ratio Rank: 49
PSKIX Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PISIX vs. PSKIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX) and PIMCO StocksPLUS International Fund (Unhedged) (PSKIX). 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.

	PISIX	PSKIX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.48	-0.19
Sortino ratio: Return per unit of downside risk	1.76	2.23	-0.46
Omega ratio: Gain probability vs. loss probability	1.27	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	1.78	1.83	-0.05
Martin ratio: Return relative to average drawdown	6.29	6.07	+0.22

PISIX vs. PSKIX - Sharpe Ratio Comparison

The current PISIX Sharpe Ratio is 1.29, which is comparable to the PSKIX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of PISIX and PSKIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PISIX vs. PSKIX - Drawdown Comparison

The maximum PISIX drawdown since its inception was -57.47%, smaller than the maximum PSKIX drawdown of -64.91%. Use the drawdown chart below to compare losses from any high point for PISIX and PSKIX.

Drawdown Indicators

	PISIX	PSKIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.47%	-64.91%	+7.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-12.24%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	-15.21%	-16.98%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	-33.21%	+14.28%
Max Drawdown (10Y) Largest decline over 10 years	-35.44%	-38.59%	+3.15%
Current Drawdown Current decline from peak	-1.15%	-0.48%	-0.67%
Average Drawdown Average peak-to-trough decline	-7.16%	-10.80%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.67%	-0.65%

Volatility

PISIX vs. PSKIX - Volatility Comparison

The current volatility for PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX) is 3.45%, while PIMCO StocksPLUS International Fund (Unhedged) (PSKIX) has a volatility of 4.25%. This indicates that PISIX experiences smaller price fluctuations and is considered to be less risky than PSKIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PISIX	PSKIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.25%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	12.99%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	15.09%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.25%	16.00%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	15.50%	-1.12%

PISIX vs. PSKIX - Expense Ratio Comparison

PISIX has a 0.76% expense ratio, which is higher than PSKIX's 0.65% expense ratio.

Dividends

PISIX vs. PSKIX - Dividend Comparison

PISIX's dividend yield for the trailing twelve months is around 4.91%, more than PSKIX's 3.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)	4.91%	5.14%	11.81%	10.04%	10.11%	7.31%	1.42%	11.47%	7.99%	7.36%	1.02%	8.16%
PSKIX PIMCO StocksPLUS International Fund (Unhedged)	3.51%	1.57%	6.23%	1.53%	43.17%	32.03%	0.58%	1.77%	17.85%	5.71%	0.00%	6.99%

Frequently Asked Questions

Can I hold both PISIX and PSKIX in my portfolio?

With a correlation of 0.90, PISIX and PSKIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PISIX or PSKIX?

PSKIX has higher volatility (4.25%) compared to PISIX (3.45%). In terms of maximum drawdown, PISIX dropped -57.47% vs PSKIX's -64.91%.

Which has better risk-adjusted returns?

PSKIX currently has the higher Sharpe Ratio (1.48 vs 1.29), 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.