PLMIX vs. PCRIX
PLMIX (PIMCO Emerging Markets Currency and Short-Term Investments Fund) and PCRIX (PIMCO Commodity Real Return Strategy Fund) are both mutual funds - PLMIX is a Emerging Markets Bonds fund managed by PIMCO, while PCRIX is a Commodities fund managed by PIMCO. Over the past 10 years, PLMIX returned 3.85%/yr vs -2.89%/yr for PCRIX. At a 0.42 correlation, their price movements are largely independent. PLMIX charges 0.85%/yr vs 0.80%/yr for PCRIX.
Performance
PLMIX vs. PCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLMIX achieves a 3.75% return, which is significantly lower than PCRIX's 25.34% return. Over the past 10 years, PLMIX has outperformed PCRIX with an annualized return of 3.85%, while PCRIX has yielded a comparatively lower -2.89% annualized return.
PLMIX
- 1D
- 0.26%
- 1M
- -0.52%
- YTD
- 3.75%
- 6M
- 5.44%
- 1Y
- 11.00%
- 3Y*
- 8.50%
- 5Y*
- 4.30%
- 10Y*
- 3.85%
PCRIX
- 1D
- -1.14%
- 1M
- -0.93%
- YTD
- 25.34%
- 6M
- 20.93%
- 1Y
- 37.34%
- 3Y*
- 18.34%
- 5Y*
- -10.03%
- 10Y*
- -2.89%
PLMIX vs. PCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLMIX PIMCO Emerging Markets Currency and Short-Term Investments Fund | 3.75% | 17.29% | 0.57% | 9.01% | -4.12% | -2.76% | 2.28% | 6.21% | -4.43% | 12.89% |
PCRIX PIMCO Commodity Real Return Strategy Fund | 25.34% | 17.05% | 10.59% | -68.64% | 8.94% | 33.35% | 0.79% | 12.29% | -13.77% | 2.71% |
Correlation
The correlation between PLMIX and PCRIX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2005 | 0.42 |
The correlation between PLMIX and PCRIX shifts across timeframes, from -0.07 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PLMIX vs. PCRIX — Risk / Return Rank
PLMIX
PCRIX
PLMIX vs. PCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) and PIMCO Commodity Real Return Strategy Fund (PCRIX). 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.
| PLMIX | PCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 5.35 | -2.92 |
| Martin ratioReturn relative to average drawdown | 9.18 | 16.50 | -7.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLMIX | PCRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.34 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.28 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | -0.11 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.11 | +0.57 |
Drawdowns
PLMIX vs. PCRIX - Drawdown Comparison
The maximum PLMIX drawdown since its inception was -28.76%, smaller than the maximum PCRIX drawdown of -88.17%. Use the drawdown chart below to compare losses from any high point for PLMIX and PCRIX.
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Drawdown Indicators
| PLMIX | PCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -88.17% | +59.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -7.12% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -10.28% | +5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.97% | -78.15% | +63.18% |
Max Drawdown (10Y)Largest decline over 10 years | -17.50% | -78.15% | +60.65% |
Current DrawdownCurrent decline from peak | -0.64% | -79.93% | +79.29% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -51.81% | +46.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 2.30% | -1.06% |
Volatility
PLMIX vs. PCRIX - Volatility Comparison
The current volatility for PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) is 1.89%, while PIMCO Commodity Real Return Strategy Fund (PCRIX) has a volatility of 5.13%. This indicates that PLMIX experiences smaller price fluctuations and is considered to be less risky than PCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLMIX | PCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 5.13% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 14.12% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 16.27% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 35.78% | -29.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 27.18% | -20.86% |
PLMIX vs. PCRIX - Expense Ratio Comparison
PLMIX has a 0.85% expense ratio, which is higher than PCRIX's 0.80% expense ratio.
Dividends
PLMIX vs. PCRIX - Dividend Comparison
PLMIX's dividend yield for the trailing twelve months is around 8.42%, more than PCRIX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCRIX PIMCO Commodity Real Return Strategy Fund | 4.05% | 5.61% | 8.34% | 16.19% | 46.23% | 22.74% | 1.56% | 4.00% | 5.94% | 8.14% | 0.91% | 5.29% |
PLMIX PIMCO Emerging Markets Currency and Short-Term Investments Fund | 8.42% | 7.44% | 7.08% | 6.40% | 1.97% | 1.47% | 1.63% | 4.10% | 12.65% | 2.82% | 2.88% | 2.75% |
Frequently Asked Questions
PLMIX and PCRIX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCRIX has higher volatility (5.13%) compared to PLMIX (1.89%). In terms of maximum drawdown, PLMIX dropped -28.76% vs PCRIX's -88.17%.
PCRIX currently has the higher Sharpe Ratio (2.34 vs 1.99), 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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