RCS vs. BCPIX
RCS (PIMCO Strategic Income Fund) and BCPIX (Brandes Core Plus Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, RCS returned 3.31%/yr vs 1.71%/yr for BCPIX. At a 0.11 correlation, their price movements are largely independent.
Performance
RCS vs. BCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -0.34% return, which is significantly lower than BCPIX's -0.08% return. Over the past 10 years, RCS has outperformed BCPIX with an annualized return of 3.31%, while BCPIX has yielded a comparatively lower 1.71% annualized return.
RCS
- 1D
- -1.12%
- 1M
- -0.76%
- YTD
- -0.34%
- 6M
- -11.33%
- 1Y
- -16.21%
- 3Y*
- 9.48%
- 5Y*
- 1.88%
- 10Y*
- 3.31%
BCPIX
- 1D
- -0.36%
- 1M
- 0.89%
- YTD
- -0.08%
- 6M
- 0.44%
- 1Y
- 3.53%
- 3Y*
- 4.11%
- 5Y*
- 0.73%
- 10Y*
- 1.71%
RCS vs. BCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.34% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
BCPIX Brandes Core Plus Fixed Income Fund | -0.08% | 6.71% | 1.98% | 6.70% | -10.78% | -0.34% | 5.77% | 6.65% | -0.45% | 2.74% |
Correlation
The correlation between RCS and BCPIX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.11 |
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Return for Risk
RCS vs. BCPIX — Risk / Return Rank
RCS
BCPIX
RCS vs. BCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and Brandes Core Plus Fixed Income Fund (BCPIX). 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.
| RCS | BCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.19 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.44 | -1.94 |
| Martin ratioReturn relative to average drawdown | -0.83 | 4.24 | -5.07 |
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Drawdowns
RCS vs. BCPIX - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than BCPIX's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for RCS and BCPIX.
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Drawdown Indicators
| RCS | BCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -22.43% | -24.26% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -2.63% | -30.31% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -5.44% | -27.50% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -15.19% | -20.99% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | -15.19% | -31.50% |
Current DrawdownCurrent decline from peak | -28.91% | -1.29% | -27.62% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -4.25% | -5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 0.89% | +18.60% |
Volatility
RCS vs. BCPIX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 6.00% compared to Brandes Core Plus Fixed Income Fund (BCPIX) at 1.17%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than BCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCS | BCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 1.17% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 2.72% | +18.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 3.58% | +20.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 5.10% | +20.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 4.18% | +21.65% |
Dividends
RCS vs. BCPIX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.02%, more than BCPIX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 4.23% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
RCS PIMCO Strategic Income Fund | 9.02% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
Frequently Asked Questions
RCS and BCPIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (6.00%) compared to BCPIX (1.17%). In terms of maximum drawdown, RCS dropped -46.69% vs BCPIX's -22.43%.
BCPIX currently has the higher Sharpe Ratio (1.06 vs -0.68), 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.
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