PQTIX vs. PQTPX

Last updated Jun 3, 2026

PQTIX (PIMCO TRENDS Managed Futures Strategy Fund Institutional Class) and PQTPX (PIMCO TRENDS Managed Futures Strategy Fund) are both Systematic Trend funds from PIMCO. Over the past 10 years, PQTIX returned 4.38%/yr vs 4.26%/yr for PQTPX. With a 0.99 correlation, they move nearly in lockstep. PQTIX charges 1.54%/yr vs 1.51%/yr for PQTPX.

Performance

PQTIX vs. PQTPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and PIMCO TRENDS Managed Futures Strategy Fund (PQTPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PQTIX having a 6.17% return and PQTPX slightly lower at 6.03%. Both investments have delivered pretty close results over the past 10 years, with PQTIX having a 4.38% annualized return and PQTPX not far behind at 4.26%.

PQTIX

• 1D: 0.35%
• 1M: 1.34%
• YTD: 6.17%
• 6M: 8.61%
• 1Y: 20.36%
• 3Y*: 0.65%
• 5Y*: 3.67%
• 10Y*: 4.38%

PQTPX

• 1D: 0.36%
• 1M: 1.35%
• YTD: 6.03%
• 6M: 8.48%
• 1Y: 20.30%
• 3Y*: 0.54%
• 5Y*: 3.55%
• 10Y*: 4.26%

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

PQTIX vs. PQTPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	6.17%	2.39%	-2.88%	-4.19%	11.62%	14.87%	9.96%	2.90%	2.37%	2.37%
PQTPX PIMCO TRENDS Managed Futures Strategy Fund	6.03%	2.41%	-3.08%	-4.21%	11.37%	14.83%	9.72%	2.83%	2.30%	2.21%

Correlation

The correlation between PQTIX and PQTPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.99

The correlation between PQTIX and PQTPX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

PQTIX vs. PQTPX — Risk / Return Rank

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

PQTIX

PQTIX Risk / Return Rank: 71
PQTIX Sharpe Ratio Rank: 71
PQTIX Sortino Ratio Rank: 59
PQTIX Omega Ratio Rank: 66
PQTIX Calmar Ratio Rank: 90
PQTIX Martin Ratio Rank: 66

PQTPX

PQTPX Risk / Return Rank: 70
PQTPX Sharpe Ratio Rank: 71
PQTPX Sortino Ratio Rank: 59
PQTPX Omega Ratio Rank: 67
PQTPX Calmar Ratio Rank: 89
PQTPX Martin Ratio Rank: 66

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.

PQTIX vs. PQTPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and PIMCO TRENDS Managed Futures Strategy Fund (PQTPX). 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.

	PQTIX	PQTPX	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.45	+0.01
Sortino ratio Return per unit of downside risk	3.23	3.24	-0.01
Omega ratio Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio Return relative to maximum drawdown	4.57	4.49	+0.07
Martin ratio Return relative to average drawdown	13.02	12.81	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQTIX vs. PQTPX - Sharpe Ratio Comparison

The current PQTIX Sharpe Ratio is 2.46, which is comparable to the PQTPX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of PQTIX and PQTPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PQTIX	PQTPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.45	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.36	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.46	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.47	+0.01

Drawdowns

PQTIX vs. PQTPX - Drawdown Comparison

The maximum PQTIX drawdown since its inception was -27.65%, roughly equal to the maximum PQTPX drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for PQTIX and PQTPX.

Drawdown Indicators

	PQTIX	PQTPX	Difference
Max Drawdown Largest peak-to-trough decline	-27.65%	-27.86%	+0.21%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-4.66%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.59%	-18.69%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.65%	-27.86%	+0.21%
Max Drawdown (10Y) Largest decline over 10 years	-27.65%	-27.86%	+0.21%
Current Drawdown Current decline from peak	-11.12%	-11.52%	+0.40%
Average Drawdown Average peak-to-trough decline	-9.27%	-9.41%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.63%	-0.01%

Volatility

PQTIX vs. PQTPX - Volatility Comparison

PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) have volatilities of 1.83% and 1.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQTIX	PQTPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.91%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	6.63%	6.65%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	8.52%	8.47%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	9.90%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.41%	9.38%	+0.03%

PQTIX vs. PQTPX - Expense Ratio Comparison

PQTIX has a 1.54% expense ratio, which is higher than PQTPX's 1.51% expense ratio.

Dividends

PQTIX vs. PQTPX - Dividend Comparison

Neither PQTIX nor PQTPX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	0.00%	14.83%	2.47%	5.65%	2.55%	0.39%	0.25%	0.00%	8.06%
PQTPX PIMCO TRENDS Managed Futures Strategy Fund	0.00%	0.00%	0.00%	0.00%	14.80%	2.40%	5.63%	2.49%	0.32%	0.20%	0.00%	7.57%

Frequently Asked Questions

Can I hold both PQTIX and PQTPX in my portfolio?

With a correlation of 0.99, PQTIX and PQTPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PQTIX or PQTPX?

PQTPX has higher volatility (1.91%) compared to PQTIX (1.83%). In terms of maximum drawdown, PQTIX dropped -27.65% vs PQTPX's -27.86%.

Which has better risk-adjusted returns?

PQTIX currently has the higher Sharpe Ratio (2.46 vs 2.45), 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.