PTRIX vs. PCRIX

Last updated Jun 24, 2026

PTRIX (PIMCO Mortgage-Backed Securities Fund) and PCRIX (PIMCO Commodity Real Return Strategy Fund) are both mutual funds - PTRIX is a Intermediate Core-Plus Bond fund managed by PIMCO, while PCRIX is a Commodities fund managed by PIMCO. At a 0.11 correlation, their price movements are largely independent. PTRIX charges 0.50%/yr vs 0.80%/yr for PCRIX.

Performance

PTRIX vs. PCRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Mortgage-Backed Securities Fund (PTRIX) and PIMCO Commodity Real Return Strategy Fund (PCRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PTRIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCRIX

• 1D: -0.89%
• 1M: -8.84%
• YTD: 15.90%
• 6M: 12.49%
• 1Y: 23.67%
• 3Y*: 14.57%
• 5Y*: 11.02%
• 10Y*: 7.66%

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

PTRIX vs. PCRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	5.87%	5.25%	-14.13%	1.04%	5.30%	6.44%	1.35%	4.38%
PCRIX PIMCO Commodity Real Return Strategy Fund	15.90%	17.05%	10.59%	-5.91%	8.94%	33.35%	0.79%	12.29%	-13.77%	2.71%

Correlation

The correlation between PTRIX and PCRIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jul 1, 2002	0.11

Return for Risk

PTRIX vs. PCRIX — Risk / Return Rank

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

PTRIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PCRIX

PCRIX Risk / Return Rank: 28
PCRIX Sharpe Ratio Rank: 26
PCRIX Sortino Ratio Rank: 22
PCRIX Omega Ratio Rank: 25
PCRIX Calmar Ratio Rank: 28
PCRIX Martin Ratio Rank: 37

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.

PTRIX vs. PCRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Fund (PTRIX) and PIMCO Commodity Real Return Strategy Fund (PCRIX). 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.

	PTRIX	PCRIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	1.81	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.87	—
Martin ratio: Return relative to average drawdown	—	7.81	—

Drawdowns

Drawdown Indicators

	PTRIX	PCRIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.24%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.07%	—
Current Drawdown Current decline from peak	—	-44.32%	—
Average Drawdown Average peak-to-trough decline	—	-47.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.99%	—

Volatility

Volatility by Period

	PTRIX	PCRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.10%	—

PTRIX vs. PCRIX - Expense Ratio Comparison

PTRIX has a 0.50% expense ratio, which is lower than PCRIX's 0.80% expense ratio.

Dividends

PTRIX vs. PCRIX - Dividend Comparison

PTRIX has not paid dividends to shareholders, while PCRIX's dividend yield for the trailing twelve months is around 10.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCRIX PIMCO Commodity Real Return Strategy Fund	10.45%	5.61%	8.34%	6.57%	46.23%	22.74%	1.56%	4.00%	5.94%	8.14%	0.91%	5.29%
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	4.07%	5.32%	3.82%	3.02%	2.89%	3.73%	3.54%	3.04%	3.18%	2.43%

Frequently Asked Questions

Can I hold both PTRIX and PCRIX in my portfolio?

PTRIX and PCRIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.