PQTIX vs. PTY

Last updated Jun 24, 2026

PQTIX (PIMCO TRENDS Managed Futures Strategy Fund Institutional Class) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - PQTIX is a Systematic Trend fund actively managed by PIMCO, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, PQTIX returned 4.35%/yr vs 8.56%/yr for PTY. At a correlation of -0.04, they often move in opposite directions. PQTIX charges 1.54%/yr vs 1.19%/yr for PTY.

Performance

PQTIX vs. PTY - 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 Corporate & Income Opportunity Fund (PTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PQTIX achieves a 6.13% return, which is significantly higher than PTY's -3.45% return. Over the past 10 years, PQTIX has underperformed PTY with an annualized return of 4.35%, while PTY has yielded a comparatively higher 8.56% annualized return.

PQTIX

• 1D: 0.54%
• 1M: 0.14%
• YTD: 6.13%
• 6M: 6.33%
• 1Y: 20.57%
• 3Y*: 1.10%
• 5Y*: 3.85%
• 10Y*: 4.35%

PTY

• 1D: 0.60%
• 1M: 0.76%
• YTD: -3.45%
• 6M: -2.62%
• 1Y: -3.79%
• 3Y*: 5.46%
• 5Y*: -0.17%
• 10Y*: 8.56%

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

PQTIX vs. PTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	6.13%	2.39%	-2.88%	-4.19%	11.62%	14.87%	9.96%	2.90%	2.37%	2.37%
PTY PIMCO Corporate & Income Opportunity Fund	-3.45%	-0.51%	19.87%	22.56%	-18.71%	0.40%	3.24%	35.36%	2.49%	26.63%

Correlation

The correlation between PQTIX and PTY is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.11
Correlation (10Y) Calculated over the trailing 10-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	-0.04

Return for Risk

PQTIX vs. PTY — Risk / Return Rank

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

PQTIX

PQTIX Risk / Return Rank: 79
PQTIX Sharpe Ratio Rank: 82
PQTIX Sortino Ratio Rank: 74
PQTIX Omega Ratio Rank: 77
PQTIX Calmar Ratio Rank: 91
PQTIX Martin Ratio Rank: 69

PTY

PTY Risk / Return Rank: 1
PTY Sharpe Ratio Rank: 1
PTY Sortino Ratio Rank: 1
PTY Omega Ratio Rank: 1
PTY Calmar Ratio Rank: 2
PTY Martin Ratio Rank: 2

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. PTY - 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 Corporate & Income Opportunity Fund (PTY). 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.

	PQTIX	PTY	Difference
Sharpe ratio: Return per unit of total volatility	2.48	-0.35	+2.82
Sortino ratio: Return per unit of downside risk	3.26	-0.40	+3.66
Omega ratio: Gain probability vs. loss probability	1.46	0.94	+0.52
Calmar ratio: Return relative to maximum drawdown	4.57	-0.25	+4.81
Martin ratio: Return relative to average drawdown	12.46	-0.47	+12.92

PQTIX vs. PTY - Sharpe Ratio Comparison

The current PQTIX Sharpe Ratio is 2.48, which is higher than the PTY Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of PQTIX and PTY, 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

PQTIX vs. PTY - Drawdown Comparison

The maximum PQTIX drawdown since its inception was -27.65%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for PQTIX and PTY.

Drawdown Indicators

	PQTIX	PTY	Difference
Max Drawdown Largest peak-to-trough decline	-27.65%	-60.86%	+33.21%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-15.44%	+10.81%
Max Drawdown (3Y) Largest decline over 3 years	-18.59%	-16.04%	-2.55%
Max Drawdown (5Y) Largest decline over 5 years	-27.65%	-41.38%	+13.73%
Max Drawdown (10Y) Largest decline over 10 years	-27.65%	-46.55%	+18.90%
Current Drawdown Current decline from peak	-11.16%	-12.37%	+1.21%
Average Drawdown Average peak-to-trough decline	-9.28%	-8.62%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	8.11%	-6.42%

Volatility

PQTIX vs. PTY - Volatility Comparison

PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and PIMCO Corporate & Income Opportunity Fund (PTY) have volatilities of 2.04% and 1.99%, 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	PTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	1.99%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	6.77%	7.66%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	8.56%	10.92%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.91%	17.27%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.41%	21.19%	-11.78%

PQTIX vs. PTY - Expense Ratio Comparison

PQTIX has a 1.54% expense ratio, which is higher than PTY's 1.19% expense ratio.

Dividends

PQTIX vs. PTY - Dividend Comparison

PQTIX's dividend yield for the trailing twelve months is around 1.27%, less than PTY's 12.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	1.27%	0.00%	0.00%	0.00%	14.83%	2.47%	5.65%	2.55%	0.39%	0.25%	0.00%	8.06%
PTY PIMCO Corporate & Income Opportunity Fund	12.12%	11.05%	9.92%	10.77%	13.12%	9.16%	8.74%	8.37%	10.63%	9.48%	12.09%	11.92%

Frequently Asked Questions

Can I hold both PQTIX and PTY in my portfolio?

PQTIX and PTY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PQTIX or PTY?

PQTIX has higher volatility (2.04%) compared to PTY (1.99%). In terms of maximum drawdown, PQTIX dropped -27.65% vs PTY's -60.86%.

Which has better risk-adjusted returns?

PQTIX currently has the higher Sharpe Ratio (2.48 vs -0.35), 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.