PSRIX vs. PTTRX

Last updated Jun 5, 2026

PSRIX (PIMCO Low Duration Credit Fund) and PTTRX (PIMCO Total Return Fund Institutional Class) are both mutual funds - PSRIX is a Bank Loan fund managed by PIMCO, while PTTRX is a Total Bond Market fund managed by PIMCO. Over the past 10 years, PSRIX returned 4.22%/yr vs 2.27%/yr for PTTRX. At a 0.23 correlation, their price movements are largely independent. PSRIX charges 0.70%/yr vs 0.47%/yr for PTTRX.

Performance

PSRIX vs. PTTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Low Duration Credit Fund (PSRIX) and PIMCO Total Return Fund Institutional Class (PTTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSRIX achieves a 0.99% return, which is significantly higher than PTTRX's 0.30% return. Over the past 10 years, PSRIX has outperformed PTTRX with an annualized return of 4.22%, while PTTRX has yielded a comparatively lower 2.27% annualized return.

PSRIX

• 1D: -0.11%
• 1M: 0.30%
• YTD: 0.99%
• 6M: 1.69%
• 1Y: 5.80%
• 3Y*: 8.35%
• 5Y*: 5.16%
• 10Y*: 4.22%

PTTRX

• 1D: -0.34%
• 1M: 0.30%
• YTD: 0.30%
• 6M: 0.58%
• 1Y: 6.34%
• 3Y*: 5.33%
• 5Y*: 0.61%
• 10Y*: 2.27%

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

PSRIX vs. PTTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSRIX PIMCO Low Duration Credit Fund	0.99%	7.25%	9.40%	10.22%	-3.22%	3.39%	-1.37%	9.42%	-0.60%	3.82%
PTTRX PIMCO Total Return Fund Institutional Class	0.30%	9.35%	2.62%	6.33%	-14.72%	-0.59%	8.88%	8.36%	-0.24%	5.13%

Correlation

The correlation between PSRIX and PTTRX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 3, 2011	0.23

Over the past year, PSRIX and PTTRX have become more correlated (0.51) than their long-term average of 0.23, meaning their price movements have been converging.

Return for Risk

PSRIX vs. PTTRX — Risk / Return Rank

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

PSRIX

PSRIX Risk / Return Rank: 78
PSRIX Sharpe Ratio Rank: 58
PSRIX Sortino Ratio Rank: 90
PSRIX Omega Ratio Rank: 86
PSRIX Calmar Ratio Rank: 78
PSRIX Martin Ratio Rank: 78

PTTRX

PTTRX Risk / Return Rank: 27
PTTRX Sharpe Ratio Rank: 28
PTTRX Sortino Ratio Rank: 29
PTTRX Omega Ratio Rank: 29
PTTRX Calmar Ratio Rank: 27
PTTRX Martin Ratio Rank: 24

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.

PSRIX vs. PTTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Credit Fund (PSRIX) and PIMCO Total Return Fund Institutional Class (PTTRX). 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.

	PSRIX	PTTRX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.53	+0.64
Sortino ratio: Return per unit of downside risk	4.39	2.25	+2.14
Omega ratio: Gain probability vs. loss probability	1.60	1.28	+0.31
Calmar ratio: Return relative to maximum drawdown	3.44	1.94	+1.50
Martin ratio: Return relative to average drawdown	14.07	5.97	+8.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSRIX vs. PTTRX - Sharpe Ratio Comparison

The current PSRIX Sharpe Ratio is 2.17, which is higher than the PTTRX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PSRIX and PTTRX, 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

	PSRIX	PTTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.53	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.64	0.10	+1.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.08	0.44	+0.65
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.15	+0.02

Drawdowns

PSRIX vs. PTTRX - Drawdown Comparison

The maximum PSRIX drawdown since its inception was -19.26%, roughly equal to the maximum PTTRX drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PSRIX and PTTRX.

Drawdown Indicators

	PSRIX	PTTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	-19.28%	+0.02%
Max Drawdown (1Y) Largest decline over 1 year	-1.70%	-3.69%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-3.06%	-6.18%	+3.12%
Max Drawdown (5Y) Largest decline over 5 years	-7.10%	-19.28%	+12.18%
Max Drawdown (10Y) Largest decline over 10 years	-19.26%	-19.28%	+0.02%
Current Drawdown Current decline from peak	-0.11%	-1.82%	+1.71%
Average Drawdown Average peak-to-trough decline	-0.93%	-2.19%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	1.19%	-0.78%

Volatility

PSRIX vs. PTTRX - Volatility Comparison

The current volatility for PIMCO Low Duration Credit Fund (PSRIX) is 0.74%, while PIMCO Total Return Fund Institutional Class (PTTRX) has a volatility of 1.78%. This indicates that PSRIX experiences smaller price fluctuations and is considered to be less risky than PTTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSRIX	PTTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	1.78%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	1.97%	3.55%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	2.70%	4.67%	-1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.17%	6.27%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.92%	5.23%	-1.31%

PSRIX vs. PTTRX - Expense Ratio Comparison

PSRIX has a 0.70% expense ratio, which is higher than PTTRX's 0.47% expense ratio.

Dividends

PSRIX vs. PTTRX - Dividend Comparison

PSRIX's dividend yield for the trailing twelve months is around 6.92%, more than PTTRX's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSRIX PIMCO Low Duration Credit Fund	6.92%	7.18%	7.13%	5.82%	3.49%	4.32%	3.67%	4.92%	4.53%	3.95%	3.71%	4.01%
PTTRX PIMCO Total Return Fund Institutional Class	4.56%	4.47%	4.61%	3.81%	3.63%	2.59%	6.11%	3.96%	3.13%	2.63%	3.02%	6.64%

Frequently Asked Questions

Can I hold both PSRIX and PTTRX in my portfolio?

PSRIX and PTTRX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSRIX or PTTRX?

PTTRX has higher volatility (1.78%) compared to PSRIX (0.74%). In terms of maximum drawdown, PSRIX dropped -19.26% vs PTTRX's -19.28%.

Which has better risk-adjusted returns?

PSRIX currently has the higher Sharpe Ratio (2.17 vs 1.53), 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.