RCS vs. PTY
RCS (PIMCO Strategic Income Fund) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - RCS is a Intermediate Core-Plus Bond fund managed by PIMCO, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, RCS returned 2.85%/yr vs 8.00%/yr for PTY. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
RCS vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -0.92% return, which is significantly higher than PTY's -2.49% return. Over the past 10 years, RCS has underperformed PTY with an annualized return of 2.85%, while PTY has yielded a comparatively higher 8.00% annualized return.
RCS
- 1D
- 1.55%
- 1M
- -4.00%
- 6M
- -8.30%
- YTD
- -0.92%
- 1Y
- -19.96%
- 3Y*
- 6.69%
- 5Y*
- 0.68%
- 10Y*
- 2.85%
- ALL TIME*
- 6.17%
PTY
- 1D
- 0.43%
- 1M
- -1.68%
- 6M
- -4.12%
- YTD
- -2.49%
- 1Y
- -6.08%
- 3Y*
- 3.46%
- 5Y*
- -1.33%
- 10Y*
- 8.00%
- ALL TIME*
- 10.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.11M | $12.45M | $12.40M | |
| $707.45K | $672.81K | $742.33K |
RCS vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.92% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
PTY PIMCO Corporate & Income Opportunity Fund | -2.49% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
Correlation
The correlation between RCS and PTY is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.32 |
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Return for Risk
RCS vs. PTY — Risk / Return Rank
RCS
PTY
RCS vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and PIMCO Corporate & Income Opportunity Fund (PTY). 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 | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.91 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.40 | -0.21 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.68 | -0.24 |
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Drawdowns
RCS vs. PTY - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for RCS and PTY.
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Drawdown Indicators
| RCS | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -60.86% | +14.17% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -15.44% | -17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -15.53% | -17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -41.38% | +5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | -46.55% | -0.14% |
Current DrawdownCurrent decline from peak | -29.32% | -11.51% | -17.81% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -8.63% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.75% | 8.92% | +12.83% |
Volatility
RCS vs. PTY - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 3.44% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.60%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCS | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 2.60% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 7.88% | +8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 11.28% | +13.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 17.22% | +8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.81% | 21.18% | +4.63% |
Dividends
RCS vs. PTY - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.14%, less than PTY's 12.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.12% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
RCS PIMCO Strategic Income Fund | 9.14% | 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 PTY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (3.44%) compared to PTY (2.60%). In terms of maximum drawdown, RCS dropped -46.69% vs PTY's -60.86%.
PTY currently has the higher Sharpe Ratio (-0.54 vs -0.83), 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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