PQTAX vs. BTC-USD
PQTAX (PIMCO TRENDS Managed Futures Strategy Fund Class A) is Systematic Trend fund managed by PIMCO, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, PQTAX returned 3.87%/yr vs 57.66%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
PQTAX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, PQTAX achieves a 3.78% return, which is significantly higher than BTC-USD's -26.24% return. Over the past 10 years, PQTAX has underperformed BTC-USD with an annualized return of 3.87%, while BTC-USD has yielded a comparatively higher 57.66% annualized return.
PQTAX
- 1D
- -0.65%
- 1M
- 0.00%
- 6M
- 1.54%
- YTD
- 3.78%
- 1Y
- 16.03%
- 3Y*
- 0.14%
- 5Y*
- 2.86%
- 10Y*
- 3.87%
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
PQTAX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A | 3.78% | 2.06% | -3.31% | -4.52% | 11.06% | 14.52% | 8.48% | 2.63% | 1.98% | 4.51% |
BTC-USD Bitcoin | -26.24% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between PQTAX and BTC-USD 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.03 |
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Return for Risk
PQTAX vs. BTC-USD — Risk / Return Rank
PQTAX
BTC-USD
PQTAX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) and Bitcoin (BTC-USD). 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.
| PQTAX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.84 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.85 | +4.21 |
| Martin ratioReturn relative to average drawdown | 8.64 | -1.38 | +10.01 |
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Drawdowns
PQTAX vs. BTC-USD - Drawdown Comparison
The maximum PQTAX drawdown since its inception was -28.39%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for PQTAX and BTC-USD.
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Drawdown Indicators
| PQTAX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -85.30% | +56.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -53.08% | +48.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -53.08% | +34.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -76.67% | +48.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.39% | -83.80% | +55.41% |
Current DrawdownCurrent decline from peak | -14.25% | -48.25% | +34.00% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -42.57% | +33.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 29.20% | -27.39% |
Volatility
PQTAX vs. BTC-USD - Volatility Comparison
The current volatility for PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) is 2.35%, while Bitcoin (BTC-USD) has a volatility of 9.75%. This indicates that PQTAX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQTAX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 9.75% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 34.90% | -28.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 35.75% | -27.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.95% | 43.96% | -34.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 56.34% | -47.00% |
Frequently Asked Questions
PQTAX and BTC-USD 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.
BTC-USD has higher volatility (9.75%) compared to PQTAX (2.35%). In terms of maximum drawdown, PQTAX dropped -28.39% vs BTC-USD's -85.30%.
PQTAX currently has the higher Sharpe Ratio (1.82 vs -1.05), 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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