PQTPX vs. PQTIX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) and PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX).

PQTPX is managed by PIMCO. It was launched on Dec 30, 2013. PQTIX is an actively managed fund by PIMCO. It was launched on Jan 2, 2014.

Performance

PQTPX vs. PQTIX - Performance Comparison

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

PQTPX vs. PQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQTPX PIMCO TRENDS Managed Futures Strategy Fund	4.61%	2.41%	-3.08%	-4.21%	11.37%	14.83%	9.72%	2.83%	2.30%	2.21%
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	4.68%	2.39%	-2.88%	-4.19%	11.62%	14.87%	9.96%	2.90%	2.37%	2.37%

Returns By Period

The year-to-date returns for both investments are quite close, with PQTPX having a 4.61% return and PQTIX slightly higher at 4.68%. Both investments have delivered pretty close results over the past 10 years, with PQTPX having a 3.75% annualized return and PQTIX not far ahead at 3.86%.

PQTPX

• 1D: 0.18%
• 1M: -2.29%
• YTD: 4.61%
• 6M: 10.33%
• 1Y: 12.11%
• 3Y*: 2.06%
• 5Y*: 4.29%
• 10Y*: 3.75%

PQTIX

• 1D: 0.18%
• 1M: -2.27%
• YTD: 4.68%
• 6M: 10.36%
• 1Y: 12.24%
• 3Y*: 2.14%
• 5Y*: 4.39%
• 10Y*: 3.86%

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

PQTPX vs. PQTIX - Expense Ratio Comparison

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

PQTIX

PIMCO TRENDS Managed Futures Strategy Fund Institutional Class

PQTPX

PIMCO TRENDS Managed Futures Strategy Fund

Return for Risk

PQTPX vs. PQTIX — Risk / Return Rank

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

PQTPX

PQTPX Risk / Return Rank: 65
PQTPX Sharpe Ratio Rank: 77
PQTPX Sortino Ratio Rank: 76
PQTPX Omega Ratio Rank: 67
PQTPX Calmar Ratio Rank: 68
PQTPX Martin Ratio Rank: 35

PQTIX

PQTIX Risk / Return Rank: 64
PQTIX Sharpe Ratio Rank: 76
PQTIX Sortino Ratio Rank: 75
PQTIX Omega Ratio Rank: 65
PQTIX Calmar Ratio Rank: 67
PQTIX Martin Ratio Rank: 35

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.

PQTPX vs. PQTIX - Risk-Adjusted Trends Comparison

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

	PQTPX	PQTIX	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.39	-0.01
Sortino ratio Return per unit of downside risk	1.89	1.89	0.00
Omega ratio Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio Return relative to maximum drawdown	1.54	1.56	-0.03
Martin ratio Return relative to average drawdown	3.74	3.82	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQTPX vs. PQTIX - Sharpe Ratio Comparison

The current PQTPX Sharpe Ratio is 1.39, which is comparable to the PQTIX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of PQTPX and PQTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PQTPX	PQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.39	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.45	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.41	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.47	-0.01

Correlation

The correlation between PQTPX and PQTIX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PQTPX vs. PQTIX - Dividend Comparison

Neither PQTPX nor PQTIX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

PQTPX vs. PQTIX - Drawdown Comparison

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

Drawdown Indicators

	PQTPX	PQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.86%	-27.65%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-7.97%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-27.65%	-0.21%
Max Drawdown (10Y) Largest decline over 10 years	-27.86%	-27.65%	-0.21%
Current Drawdown Current decline from peak	-12.70%	-12.38%	-0.32%
Average Drawdown Average peak-to-trough decline	-9.37%	-9.23%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.26%	+0.04%

Volatility

PQTPX vs. PQTIX - Volatility Comparison

PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) and PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) have volatilities of 3.61% and 3.59%, 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

	PQTPX	PQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.59%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	6.76%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	8.73%	8.79%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.86%	9.86%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.36%	9.38%	-0.02%