SRUUF vs. PCLPX

Last updated Jun 24, 2026

SRUUF (Sprott Physical Uranium Trust Fund) and PCLPX (PIMCO CommoditiesPLUS Strategy I2) are both mutual funds - SRUUF is a Uranium fund actively managed by Sprott, while PCLPX is a Commodities fund actively managed by PIMCO. Both are actively managed. Over the past 3 years, SRUUF returned 12.85%/yr vs 13.00%/yr for PCLPX. At a 0.19 correlation, their price movements are largely independent. SRUUF charges 0.70%/yr vs 0.92%/yr for PCLPX.

Performance

SRUUF vs. PCLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Uranium Trust Fund (SRUUF) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRUUF achieves a -4.41% return, which is significantly lower than PCLPX's 25.15% return.

SRUUF

• 1D: -0.37%
• 1M: -4.02%
• YTD: -4.41%
• 6M: -4.52%
• 1Y: 1.69%
• 3Y*: 12.85%
• 5Y*: —
• 10Y*: —

PCLPX

• 1D: -0.78%
• 1M: -9.67%
• YTD: 25.15%
• 6M: 22.59%
• 1Y: 27.44%
• 3Y*: 13.00%
• 5Y*: 13.50%
• 10Y*: 10.81%

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

SRUUF vs. PCLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SRUUF Sprott Physical Uranium Trust Fund	-4.41%	12.66%	-18.89%	82.09%	7.65%	17.26%
PCLPX PIMCO CommoditiesPLUS Strategy I2	25.15%	4.45%	5.92%	0.24%	23.04%	9.86%

Correlation

The correlation between SRUUF and PCLPX is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021	0.19

The correlation between SRUUF and PCLPX shifts across timeframes, from 0.05 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SRUUF vs. PCLPX — Risk / Return Rank

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

SRUUF

SRUUF Risk / Return Rank: 3
SRUUF Sharpe Ratio Rank: 3
SRUUF Sortino Ratio Rank: 4
SRUUF Omega Ratio Rank: 4
SRUUF Calmar Ratio Rank: 3
SRUUF Martin Ratio Rank: 3

PCLPX

PCLPX Risk / Return Rank: 27
PCLPX Sharpe Ratio Rank: 23
PCLPX Sortino Ratio Rank: 20
PCLPX Omega Ratio Rank: 22
PCLPX Calmar Ratio Rank: 29
PCLPX Martin Ratio Rank: 39

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.

SRUUF vs. PCLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (SRUUF) and PIMCO CommoditiesPLUS Strategy I2 (PCLPX). 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.

	SRUUF	PCLPX	Difference
Sharpe ratio: Return per unit of total volatility	0.05	1.26	-1.21
Sortino ratio: Return per unit of downside risk	0.31	1.74	-1.43
Omega ratio: Gain probability vs. loss probability	1.04	1.23	-0.19
Calmar ratio: Return relative to maximum drawdown	0.07	1.90	-1.83
Martin ratio: Return relative to average drawdown	0.14	8.06	-7.92

SRUUF vs. PCLPX - Sharpe Ratio Comparison

The current SRUUF Sharpe Ratio is 0.05, which is lower than the PCLPX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of SRUUF and PCLPX, 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

SRUUF vs. PCLPX - Drawdown Comparison

The maximum SRUUF drawdown since its inception was -48.68%, smaller than the maximum PCLPX drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for SRUUF and PCLPX.

Drawdown Indicators

	SRUUF	PCLPX	Difference
Max Drawdown Largest peak-to-trough decline	-48.68%	-66.98%	+18.30%
Max Drawdown (1Y) Largest decline over 1 year	-23.40%	-12.87%	-10.53%
Max Drawdown (3Y) Largest decline over 3 years	-48.68%	-13.55%	-35.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.87%	—
Current Drawdown Current decline from peak	-25.74%	-12.87%	-12.87%
Average Drawdown Average peak-to-trough decline	-21.81%	-24.60%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	3.42%	+8.89%

Volatility

SRUUF vs. PCLPX - Volatility Comparison

Sprott Physical Uranium Trust Fund (SRUUF) has a higher volatility of 8.17% compared to PIMCO CommoditiesPLUS Strategy I2 (PCLPX) at 4.59%. This indicates that SRUUF's price experiences larger fluctuations and is considered to be riskier than PCLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRUUF	PCLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.17%	4.59%	+3.58%
Volatility (6M) Calculated over the trailing 6-month period	24.18%	17.15%	+7.03%
Volatility (1Y) Calculated over the trailing 1-year period	34.04%	19.47%	+14.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.68%	19.53%	+22.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.68%	40.63%	+1.05%

SRUUF vs. PCLPX - Expense Ratio Comparison

SRUUF has a 0.70% expense ratio, which is lower than PCLPX's 0.92% expense ratio.

Dividends

SRUUF vs. PCLPX - Dividend Comparison

SRUUF has not paid dividends to shareholders, while PCLPX's dividend yield for the trailing twelve months is around 11.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLPX PIMCO CommoditiesPLUS Strategy I2	11.31%	1.31%	5.22%	4.65%	43.16%	74.10%	0.71%	2.39%	18.62%	12.52%	0.15%	1.92%
SRUUF Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SRUUF and PCLPX in my portfolio?

SRUUF and PCLPX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRUUF or PCLPX?

SRUUF has higher volatility (8.17%) compared to PCLPX (4.59%). In terms of maximum drawdown, SRUUF dropped -48.68% vs PCLPX's -66.98%.

Which has better risk-adjusted returns?

PCLPX currently has the higher Sharpe Ratio (1.26 vs 0.05), 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.