PTCIX vs. TLT
Compare and contrast key facts about PIMCO Long-Term Credit Bond Fund (PTCIX) and iShares 20+ Year Treasury Bond ETF (TLT).
PTCIX is managed by PIMCO. It was launched on Mar 30, 2009. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
PTCIX vs. TLT - Performance Comparison
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PTCIX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTCIX PIMCO Long-Term Credit Bond Fund | -2.23% | 8.56% | -0.06% | 9.20% | -27.04% | -1.00% | 13.28% | 24.99% | -5.92% | 13.56% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, PTCIX achieves a -2.23% return, which is significantly lower than TLT's 0.17% return. Over the past 10 years, PTCIX has outperformed TLT with an annualized return of 2.83%, while TLT has yielded a comparatively lower -1.38% annualized return.
PTCIX
- 1D
- 1.06%
- 1M
- -4.96%
- YTD
- -2.23%
- 6M
- -1.93%
- 1Y
- 2.78%
- 3Y*
- 3.06%
- 5Y*
- -1.82%
- 10Y*
- 2.83%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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PTCIX vs. TLT - Expense Ratio Comparison
PTCIX has a 0.55% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
PTCIX vs. TLT — Risk / Return Rank
PTCIX
TLT
PTCIX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Long-Term Credit Bond Fund (PTCIX) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| PTCIX | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | -0.04 | +0.45 |
Sortino ratioReturn per unit of downside risk | 0.60 | 0.02 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.00 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.05 | +0.67 |
Martin ratioReturn relative to average drawdown | 1.86 | 0.11 | +1.75 |
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
| PTCIX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.04 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.37 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | -0.09 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.26 | +0.30 |
Correlation
The correlation between PTCIX and TLT is 0.90, 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
PTCIX vs. TLT - Dividend Comparison
PTCIX's dividend yield for the trailing twelve months is around 5.41%, more than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTCIX PIMCO Long-Term Credit Bond Fund | 5.41% | 5.67% | 5.23% | 3.83% | 4.86% | 7.39% | 7.72% | 5.14% | 6.51% | 4.81% | 5.75% | 14.97% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
PTCIX vs. TLT - Drawdown Comparison
The maximum PTCIX drawdown since its inception was -35.64%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PTCIX and TLT.
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Drawdown Indicators
| PTCIX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.64% | -48.35% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.95% | -9.23% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -35.64% | -43.70% | +8.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -48.35% | +12.71% |
Current DrawdownCurrent decline from peak | -17.32% | -40.17% | +22.85% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -13.62% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 4.38% | -2.07% |
Volatility
PTCIX vs. TLT - Volatility Comparison
PIMCO Long-Term Credit Bond Fund (PTCIX) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 3.71% and 3.71%, 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.
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Volatility by Period
| PTCIX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.71% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 6.61% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.29% | 11.44% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.51% | 15.90% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 14.93% | -4.49% |