RCS vs. MCFIX
RCS (PIMCO Strategic Income Fund) and MCFIX (Mercer Core Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, RCS returned 1.88%/yr vs -0.22%/yr for MCFIX. At a 0.15 correlation, their price movements are largely independent.
Performance
RCS vs. MCFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RCS achieves a -0.34% return, which is significantly higher than MCFIX's -1.32% 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%
MCFIX
- 1D
- -0.34%
- 1M
- 0.23%
- YTD
- -1.32%
- 6M
- -0.85%
- 1Y
- 1.85%
- 3Y*
- 3.61%
- 5Y*
- -0.22%
- 10Y*
- —
RCS vs. MCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.34% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 0.31% |
MCFIX Mercer Core Fixed Income Fund | -1.32% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
Correlation
The correlation between RCS and MCFIX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RCS vs. MCFIX — Risk / Return Rank
RCS
MCFIX
RCS vs. MCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and Mercer Core Fixed Income Fund (MCFIX). 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 | MCFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.11 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.65 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.83 | 1.69 | -2.53 |
Loading charts...
Drawdowns
RCS vs. MCFIX - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than MCFIX's maximum drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for RCS and MCFIX.
Loading charts...
Drawdown Indicators
| RCS | MCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -21.68% | -25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -3.75% | -29.19% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -6.32% | -26.62% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -18.72% | -17.46% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | — | — |
Current DrawdownCurrent decline from peak | -28.91% | -6.29% | -22.62% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -8.52% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 1.38% | +18.11% |
Volatility
RCS vs. MCFIX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 6.00% compared to Mercer Core Fixed Income Fund (MCFIX) at 1.03%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than MCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RCS | MCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 1.03% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 2.78% | +18.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 4.05% | +19.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 6.04% | +19.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 6.10% | +19.73% |
Dividends
RCS vs. MCFIX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.02%, more than MCFIX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | 4.32% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MCFIX have a correlation of 0.12, 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 MCFIX (1.03%). In terms of maximum drawdown, RCS dropped -46.69% vs MCFIX's -21.68%.
MCFIX currently has the higher Sharpe Ratio (0.61 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.
Find the right allocation for RCS and MCFIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer