RFI vs. PDX

Last updated Jun 13, 2026

RFI (Cohen & Steers Total Return Realty Fund) and PDX (PIMCO Dynamic Income Strategy Fund) are both mutual funds - RFI is a REIT fund managed by Cohen & Steers, while PDX is a Tactical Allocation fund actively managed by PIMCO. Over the past 5 years, RFI returned 0.51%/yr vs 21.07%/yr for PDX. At a 0.29 correlation, their price movements are largely independent.

Performance

RFI vs. PDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Total Return Realty Fund (RFI) and PIMCO Dynamic Income Strategy Fund (PDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFI achieves a 6.94% return, which is significantly lower than PDX's 15.44% return.

RFI

• 1D: 0.27%
• 1M: 0.01%
• YTD: 6.94%
• 6M: 7.82%
• 1Y: 2.60%
• 3Y*: 8.33%
• 5Y*: 0.51%
• 10Y*: 6.68%

PDX

• 1D: -0.24%
• 1M: -1.86%
• YTD: 15.44%
• 6M: 18.05%
• 1Y: 5.34%
• 3Y*: 24.85%
• 5Y*: 21.07%
• 10Y*: —

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

RFI vs. PDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RFI Cohen & Steers Total Return Realty Fund	6.94%	3.55%	6.63%	4.36%	-22.13%	39.21%	-0.79%	21.45%
PDX PIMCO Dynamic Income Strategy Fund	15.44%	-10.59%	36.99%	44.51%	23.02%	68.79%	-44.20%	-9.89%

Correlation

The correlation between RFI and PDX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019	0.29

Over the past year, the correlation between RFI and PDX has dropped to 0.02 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Return for Risk

RFI vs. PDX — Risk / Return Rank

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

RFI

RFI Risk / Return Rank: 5
RFI Sharpe Ratio Rank: 5
RFI Sortino Ratio Rank: 5
RFI Omega Ratio Rank: 5
RFI Calmar Ratio Rank: 5
RFI Martin Ratio Rank: 5

PDX

PDX Risk / Return Rank: 7
PDX Sharpe Ratio Rank: 7
PDX Sortino Ratio Rank: 7
PDX Omega Ratio Rank: 7
PDX Calmar Ratio Rank: 6
PDX Martin Ratio Rank: 6

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.

RFI vs. PDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Total Return Realty Fund (RFI) and PIMCO Dynamic Income Strategy Fund (PDX). 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.

	RFI	PDX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.38	-0.16
Sortino ratio: Return per unit of downside risk	0.38	0.63	-0.24
Omega ratio: Gain probability vs. loss probability	1.05	1.08	-0.03
Calmar ratio: Return relative to maximum drawdown	0.27	0.34	-0.07
Martin ratio: Return relative to average drawdown	0.63	0.78	-0.15

RFI vs. PDX - Sharpe Ratio Comparison

The current RFI Sharpe Ratio is 0.22, which is lower than the PDX Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of RFI and PDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RFI vs. PDX - Drawdown Comparison

The maximum RFI drawdown since its inception was -73.67%, smaller than the maximum PDX drawdown of -80.63%. Use the drawdown chart below to compare losses from any high point for RFI and PDX.

Drawdown Indicators

	RFI	PDX	Difference
Max Drawdown Largest peak-to-trough decline	-73.67%	-80.63%	+6.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-15.65%	+5.96%
Max Drawdown (3Y) Largest decline over 3 years	-16.93%	-37.24%	+20.31%
Max Drawdown (5Y) Largest decline over 5 years	-34.38%	-37.24%	+2.86%
Max Drawdown (10Y) Largest decline over 10 years	-50.51%	—	—
Current Drawdown Current decline from peak	-4.37%	-16.15%	+11.78%
Average Drawdown Average peak-to-trough decline	-12.10%	-18.82%	+6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	6.86%	-2.74%

Volatility

RFI vs. PDX - Volatility Comparison

Cohen & Steers Total Return Realty Fund (RFI) has a higher volatility of 4.31% compared to PIMCO Dynamic Income Strategy Fund (PDX) at 2.61%. This indicates that RFI's price experiences larger fluctuations and is considered to be riskier than PDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFI	PDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	2.61%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	10.23%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	14.25%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	25.57%	-5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.16%	36.41%	-11.25%

Dividends

RFI vs. PDX - Dividend Comparison

RFI's dividend yield for the trailing twelve months is around 8.47%, less than PDX's 21.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDX PIMCO Dynamic Income Strategy Fund	21.92%	24.34%	6.31%	4.30%	5.89%	5.28%	14.11%	9.58%	0.00%	0.00%	0.00%	0.00%
RFI Cohen & Steers Total Return Realty Fund	8.47%	8.69%	8.29%	8.17%	10.02%	6.82%	7.61%	6.63%	8.93%	7.52%	7.93%	10.36%

Frequently Asked Questions

Can I hold both RFI and PDX in my portfolio?

RFI and PDX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFI or PDX?

RFI has higher volatility (4.31%) compared to PDX (2.61%). In terms of maximum drawdown, RFI dropped -73.67% vs PDX's -80.63%.

Which has better risk-adjusted returns?

PDX currently has the higher Sharpe Ratio (0.38 vs 0.22), 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.