PMDRX vs. LCTRX

Last updated Jun 23, 2026

PMDRX (PIMCO Moderate Duration Fund) and LCTRX (Leader Capital High Quality Floating Rate Fund Investor Shares) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PMDRX returned 2.40%/yr vs 4.85%/yr for LCTRX. At a 0.20 correlation, their price movements are largely independent. PMDRX charges 0.46%/yr vs 2.33%/yr for LCTRX.

Performance

PMDRX vs. LCTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Moderate Duration Fund (PMDRX) and Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMDRX achieves a -0.27% return, which is significantly lower than LCTRX's 2.05% return. Over the past 10 years, PMDRX has underperformed LCTRX with an annualized return of 2.40%, while LCTRX has yielded a comparatively higher 4.85% annualized return.

PMDRX

• 1D: 0.11%
• 1M: 0.56%
• YTD: -0.27%
• 6M: 0.25%
• 1Y: 4.59%
• 3Y*: 5.24%
• 5Y*: 1.34%
• 10Y*: 2.40%

LCTRX

• 1D: 0.09%
• 1M: 0.97%
• YTD: 2.05%
• 6M: 2.43%
• 1Y: 5.22%
• 3Y*: 5.93%
• 5Y*: 4.94%
• 10Y*: 4.85%

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

PMDRX vs. LCTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMDRX PIMCO Moderate Duration Fund	-0.27%	8.70%	3.45%	5.50%	-9.21%	-1.26%	7.98%	6.38%	0.57%	3.28%
LCTRX Leader Capital High Quality Floating Rate Fund Investor Shares	2.05%	4.72%	6.03%	8.26%	2.22%	1.99%	12.07%	1.15%	6.01%	4.28%

Correlation

The correlation between PMDRX and LCTRX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 30, 2010	0.20

Over the past year, PMDRX and LCTRX have become more correlated (0.51) than their long-term average of 0.20, meaning their price movements have been converging.

Return for Risk

PMDRX vs. LCTRX — Risk / Return Rank

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

PMDRX

PMDRX Risk / Return Rank: 23
PMDRX Sharpe Ratio Rank: 24
PMDRX Sortino Ratio Rank: 25
PMDRX Omega Ratio Rank: 26
PMDRX Calmar Ratio Rank: 20
PMDRX Martin Ratio Rank: 18

LCTRX

LCTRX Risk / Return Rank: 94
LCTRX Sharpe Ratio Rank: 89
LCTRX Sortino Ratio Rank: 97
LCTRX Omega Ratio Rank: 97
LCTRX Calmar Ratio Rank: 91
LCTRX Martin Ratio Rank: 94

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.

PMDRX vs. LCTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Moderate Duration Fund (PMDRX) and Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX). 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.

	PMDRX	LCTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	2.69	-1.38
Sortino ratio: Return per unit of downside risk	1.96	5.71	-3.74
Omega ratio: Gain probability vs. loss probability	1.25	1.94	-0.69
Calmar ratio: Return relative to maximum drawdown	1.52	4.46	-2.95
Martin ratio: Return relative to average drawdown	4.51	18.63	-14.12

PMDRX vs. LCTRX - Sharpe Ratio Comparison

The current PMDRX Sharpe Ratio is 1.32, which is lower than the LCTRX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of PMDRX and LCTRX, 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

PMDRX vs. LCTRX - Drawdown Comparison

The maximum PMDRX drawdown since its inception was -13.19%, smaller than the maximum LCTRX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for PMDRX and LCTRX.

Drawdown Indicators

	PMDRX	LCTRX	Difference
Max Drawdown Largest peak-to-trough decline	-13.19%	-26.09%	+12.90%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-1.17%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-3.13%	-1.33%	-1.80%
Max Drawdown (5Y) Largest decline over 5 years	-13.19%	-3.82%	-9.37%
Max Drawdown (10Y) Largest decline over 10 years	-13.19%	-23.93%	+10.74%
Current Drawdown Current decline from peak	-1.73%	0.00%	-1.73%
Average Drawdown Average peak-to-trough decline	-1.45%	-4.11%	+2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.28%	+0.77%

Volatility

PMDRX vs. LCTRX - Volatility Comparison

PIMCO Moderate Duration Fund (PMDRX) has a higher volatility of 1.33% compared to Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) at 0.61%. This indicates that PMDRX's price experiences larger fluctuations and is considered to be riskier than LCTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMDRX	LCTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	0.61%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	1.46%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	3.60%	1.95%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	2.26%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.60%	6.30%	-2.70%

PMDRX vs. LCTRX - Expense Ratio Comparison

PMDRX has a 0.46% expense ratio, which is lower than LCTRX's 2.33% expense ratio.

Dividends

PMDRX vs. LCTRX - Dividend Comparison

PMDRX's dividend yield for the trailing twelve months is around 4.54%, less than LCTRX's 5.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCTRX Leader Capital High Quality Floating Rate Fund Investor Shares	5.26%	5.53%	5.57%	5.31%	2.18%	1.69%	1.17%	2.40%	3.31%	2.09%	0.00%	0.00%
PMDRX PIMCO Moderate Duration Fund	4.54%	4.42%	4.38%	3.76%	3.18%	1.32%	5.16%	2.82%	2.45%	1.75%	2.06%	4.33%

Frequently Asked Questions

Can I hold both PMDRX and LCTRX in my portfolio?

PMDRX and LCTRX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMDRX or LCTRX?

PMDRX has higher volatility (1.33%) compared to LCTRX (0.61%). In terms of maximum drawdown, PMDRX dropped -13.19% vs LCTRX's -26.09%.

Which has better risk-adjusted returns?

LCTRX currently has the higher Sharpe Ratio (2.69 vs 1.32), 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.