RCS vs. PCN
RCS (PIMCO Strategic Income Fund) and PCN (PIMCO Corporate & Income Strategy Fund) are both mutual funds — RCS is a Intermediate Core-Plus Bond fund managed by PIMCO, while PCN is a Multisector Bonds fund managed by PIMCO. Over the past 10 years, RCS returned 3.60%/yr vs 8.18%/yr for PCN. At 0.31, their price movements are largely independent.
Performance
RCS vs. PCN - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -3.80% return, which is significantly lower than PCN's -2.84% return. Over the past 10 years, RCS has underperformed PCN with an annualized return of 3.60%, while PCN has yielded a comparatively higher 8.18% annualized return.
RCS
- 1D
- 0.57%
- 1M
- -4.55%
- YTD
- -3.80%
- 6M
- -27.93%
- 1Y
- 1.97%
- 3Y*
- 7.95%
- 5Y*
- 2.04%
- 10Y*
- 3.60%
PCN
- 1D
- -0.41%
- 1M
- -0.08%
- YTD
- -2.84%
- 6M
- -4.53%
- 1Y
- 7.69%
- 3Y*
- 8.67%
- 5Y*
- 2.05%
- 10Y*
- 8.18%
RCS vs. PCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -3.80% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
PCN PIMCO Corporate & Income Strategy Fund | -2.84% | 5.55% | 19.52% | 16.22% | -22.88% | 6.93% | -2.19% | 39.10% | -5.94% | 26.20% |
Correlation
The correlation between RCS and PCN is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2001 | 0.31 |
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Return for Risk
RCS vs. PCN — Risk / Return Rank
RCS
PCN
RCS vs. PCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and PIMCO Corporate & Income Strategy Fund (PCN). 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.
| RCS | PCN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.08 | 0.95 | -1.03 |
Sortino ratioReturn per unit of downside risk | 0.06 | 1.39 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.84 | -0.91 |
Martin ratioReturn relative to average drawdown | -0.14 | 3.01 | -3.15 |
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
| RCS | PCN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.95 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.12 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.37 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.39 | -0.12 |
Drawdowns
RCS vs. PCN - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, smaller than the maximum PCN drawdown of -61.12%. Use the drawdown chart below to compare losses from any high point for RCS and PCN.
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Drawdown Indicators
| RCS | PCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -61.12% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -10.40% | -22.54% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -33.39% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | -50.27% | +3.58% |
Current DrawdownCurrent decline from peak | -31.38% | -5.38% | -26.00% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -7.21% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.05% | 2.91% | +12.14% |
Volatility
RCS vs. PCN - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 10.47% compared to PIMCO Corporate & Income Strategy Fund (PCN) at 5.66%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than PCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCS | PCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 5.66% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.71% | 8.75% | +11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 10.93% | +13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.06% | 16.54% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 21.97% | +3.80% |
Dividends
RCS vs. PCN - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.14%, less than PCN's 11.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 8.38% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
PCN PIMCO Corporate & Income Strategy Fund | 10.25% | 10.58% | 10.06% | 10.88% | 12.66% | 7.89% | 7.83% | 7.37% | 9.60% | 7.85% | 11.98% | 10.22% |