PQTAX vs. PFORX
Compare and contrast key facts about PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
PQTAX is managed by PIMCO. It was launched on Dec 31, 2013. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
PQTAX vs. PFORX - Performance Comparison
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PQTAX vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A | 4.61% | 2.06% | -3.31% | -4.52% | 11.06% | 14.52% | 8.48% | 2.63% | 1.98% | 4.51% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -2.23% | 4.33% | 5.70% | 9.52% | -10.33% | -1.67% | 6.17% | 7.64% | 2.64% | 3.52% |
Returns By Period
In the year-to-date period, PQTAX achieves a 4.61% return, which is significantly higher than PFORX's -2.23% return. Over the past 10 years, PQTAX has outperformed PFORX with an annualized return of 3.64%, while PFORX has yielded a comparatively lower 2.77% annualized return.
PQTAX
- 1D
- 0.28%
- 1M
- -2.24%
- YTD
- 4.61%
- 6M
- 10.21%
- 1Y
- 11.79%
- 3Y*
- 1.77%
- 5Y*
- 3.99%
- 10Y*
- 3.64%
PFORX
- 1D
- 0.31%
- 1M
- -3.69%
- YTD
- -2.23%
- 6M
- -1.20%
- 1Y
- 1.73%
- 3Y*
- 4.71%
- 5Y*
- 1.08%
- 10Y*
- 2.77%
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PQTAX vs. PFORX - Expense Ratio Comparison
PQTAX has a 1.81% expense ratio, which is higher than PFORX's 0.50% expense ratio.
Return for Risk
PQTAX vs. PFORX — Risk / Return Rank
PQTAX
PFORX
PQTAX vs. PFORX - 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 PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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.
| PQTAX | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.64 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.85 | 0.89 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.12 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.61 | +0.90 |
Martin ratioReturn relative to average drawdown | 3.62 | 2.82 | +0.81 |
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
| PQTAX | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.64 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.31 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.90 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.25 | -0.80 |
Correlation
The correlation between PQTAX and PFORX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PQTAX vs. PFORX - Dividend Comparison
PQTAX has not paid dividends to shareholders, while PFORX's dividend yield for the trailing twelve months is around 3.88%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 14.61% | 2.22% | 4.46% | 2.29% | 0.10% | 2.54% | 0.00% | 7.65% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 3.88% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
Drawdowns
PQTAX vs. PFORX - Drawdown Comparison
The maximum PQTAX drawdown since its inception was -28.39%, which is greater than PFORX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for PQTAX and PFORX.
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Drawdown Indicators
| PQTAX | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -13.87% | -14.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -3.99% | -4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -13.71% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -28.39% | -13.87% | -14.52% |
Current DrawdownCurrent decline from peak | -13.57% | -3.69% | -9.88% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -1.95% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.87% | +2.48% |
Volatility
PQTAX vs. PFORX - Volatility Comparison
PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) has a higher volatility of 3.55% compared to PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) at 1.93%. This indicates that PQTAX's price experiences larger fluctuations and is considered to be riskier than PFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQTAX | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 1.93% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 2.53% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 3.38% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.90% | 3.46% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.42% | 3.08% | +6.34% |