PQTAX vs. PIMIX
Compare and contrast key facts about PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) and PIMCO Income Fund Institutional Class (PIMIX).
PQTAX is managed by PIMCO. It was launched on Dec 31, 2013. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Performance
PQTAX vs. PIMIX - Performance Comparison
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PQTAX vs. PIMIX - 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% |
PIMIX PIMCO Income Fund Institutional Class | -1.36% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Returns By Period
In the year-to-date period, PQTAX achieves a 4.61% return, which is significantly higher than PIMIX's -1.36% return. Over the past 10 years, PQTAX has underperformed PIMIX with an annualized return of 3.64%, while PIMIX has yielded a comparatively higher 4.66% 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%
PIMIX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.36%
- 6M
- 1.15%
- 1Y
- 6.07%
- 3Y*
- 7.20%
- 5Y*
- 3.38%
- 10Y*
- 4.66%
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PQTAX vs. PIMIX - Expense Ratio Comparison
PQTAX has a 1.81% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Return for Risk
PQTAX vs. PIMIX — Risk / Return Rank
PQTAX
PIMIX
PQTAX vs. PIMIX - 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 Income Fund Institutional Class (PIMIX). 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 | PIMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.56 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.25 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.87 | -0.36 |
Martin ratioReturn relative to average drawdown | 3.62 | 7.56 | -3.93 |
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 | PIMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.56 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.72 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 1.11 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.56 | -1.11 |
Correlation
The correlation between PQTAX and PIMIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PQTAX vs. PIMIX - Dividend Comparison
PQTAX has not paid dividends to shareholders, while PIMIX's dividend yield for the trailing twelve months is around 5.57%.
| 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% |
PIMIX PIMCO Income Fund Institutional Class | 5.57% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
Drawdowns
PQTAX vs. PIMIX - Drawdown Comparison
The maximum PQTAX drawdown since its inception was -28.39%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PQTAX and PIMIX.
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Drawdown Indicators
| PQTAX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -13.39% | -15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -3.69% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -13.34% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.39% | -13.39% | -15.00% |
Current DrawdownCurrent decline from peak | -13.57% | -3.24% | -10.33% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -1.69% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.92% | +2.43% |
Volatility
PQTAX vs. PIMIX - Volatility Comparison
PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) has a higher volatility of 3.55% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.88%. This indicates that PQTAX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQTAX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 1.88% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 2.64% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 4.28% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.90% | 4.75% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.42% | 4.20% | +5.22% |