WFSPX vs. PCLAX

Last updated Jun 3, 2026

WFSPX (iShares S&P 500 Index Fund) and PCLAX (PIMCO CommoditiesPLUS Strategy Fund) are both mutual funds - WFSPX is a S&P 500 fund tracking the S&P 500 Index, while PCLAX is a Commodities fund managed by PIMCO. Over the past 10 years, WFSPX returned 15.53%/yr vs 11.27%/yr for PCLAX. At a 0.28 correlation, their price movements are largely independent. WFSPX charges 0.03%/yr vs 1.19%/yr for PCLAX.

Performance

WFSPX vs. PCLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Index Fund (WFSPX) and PIMCO CommoditiesPLUS Strategy Fund (PCLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFSPX achieves a 11.54% return, which is significantly lower than PCLAX's 35.83% return. Over the past 10 years, WFSPX has outperformed PCLAX with an annualized return of 15.53%, while PCLAX has yielded a comparatively lower 11.27% annualized return.

WFSPX

• 1D: 0.27%
• 1M: 5.23%
• YTD: 11.54%
• 6M: 11.91%
• 1Y: 29.51%
• 3Y*: 22.66%
• 5Y*: 14.13%
• 10Y*: 15.53%

PCLAX

• 1D: 1.75%
• 1M: -2.13%
• YTD: 35.83%
• 6M: 35.41%
• 1Y: 46.09%
• 3Y*: 16.42%
• 5Y*: 15.17%
• 10Y*: 11.27%

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

WFSPX vs. PCLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFSPX iShares S&P 500 Index Fund	11.54%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	31.45%	-4.83%	21.27%
PCLAX PIMCO CommoditiesPLUS Strategy Fund	35.83%	4.13%	5.76%	-0.14%	22.73%	43.18%	-9.67%	19.19%	-12.47%	10.30%

Correlation

The correlation between WFSPX and PCLAX is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010	0.28

The correlation between WFSPX and PCLAX shifts across timeframes, from -0.15 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WFSPX vs. PCLAX — Risk / Return Rank

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

WFSPX

WFSPX Risk / Return Rank: 74
WFSPX Sharpe Ratio Rank: 77
WFSPX Sortino Ratio Rank: 69
WFSPX Omega Ratio Rank: 69
WFSPX Calmar Ratio Rank: 74
WFSPX Martin Ratio Rank: 83

PCLAX

PCLAX Risk / Return Rank: 76
PCLAX Sharpe Ratio Rank: 77
PCLAX Sortino Ratio Rank: 57
PCLAX Omega Ratio Rank: 63
PCLAX Calmar Ratio Rank: 97
PCLAX Martin Ratio Rank: 89

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.

WFSPX vs. PCLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Index Fund (WFSPX) and PIMCO CommoditiesPLUS Strategy Fund (PCLAX). 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.

	WFSPX	PCLAX	Difference
Sharpe ratio Return per unit of total volatility	2.55	2.54	+0.01
Sortino ratio Return per unit of downside risk	3.46	3.18	+0.27
Omega ratio Gain probability vs. loss probability	1.46	1.44	+0.02
Calmar ratio Return relative to maximum drawdown	3.38	6.75	-3.37
Martin ratio Return relative to average drawdown	15.81	17.54	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFSPX vs. PCLAX - Sharpe Ratio Comparison

The current WFSPX Sharpe Ratio is 2.55, which is comparable to the PCLAX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of WFSPX and PCLAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WFSPX	PCLAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.54	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.78	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.28	+0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.15	-0.02

Drawdowns

WFSPX vs. PCLAX - Drawdown Comparison

The maximum WFSPX drawdown since its inception was -58.21%, smaller than the maximum PCLAX drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for WFSPX and PCLAX.

Drawdown Indicators

	WFSPX	PCLAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.21%	-68.19%	+9.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-6.93%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-13.76%	-4.98%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-21.75%	-2.76%
Max Drawdown (10Y) Largest decline over 10 years	-33.74%	-52.00%	+18.26%
Current Drawdown Current decline from peak	0.00%	-5.31%	+5.31%
Average Drawdown Average peak-to-trough decline	-12.78%	-25.66%	+12.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.67%	-0.77%

Volatility

WFSPX vs. PCLAX - Volatility Comparison

The current volatility for iShares S&P 500 Index Fund (WFSPX) is 2.82%, while PIMCO CommoditiesPLUS Strategy Fund (PCLAX) has a volatility of 6.93%. This indicates that WFSPX experiences smaller price fluctuations and is considered to be less risky than PCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFSPX	PCLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	6.93%	-4.11%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	16.86%	-7.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	19.52%	-7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	19.53%	-2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	40.66%	-22.64%

WFSPX vs. PCLAX - Expense Ratio Comparison

WFSPX has a 0.03% expense ratio, which is lower than PCLAX's 1.19% expense ratio.

Dividends

WFSPX vs. PCLAX - Dividend Comparison

WFSPX's dividend yield for the trailing twelve months is around 1.57%, more than PCLAX's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLAX PIMCO CommoditiesPLUS Strategy Fund	1.24%	1.20%	5.20%	4.58%	44.24%	75.67%	0.45%	2.07%	18.31%	12.18%	0.09%	1.77%
WFSPX iShares S&P 500 Index Fund	1.57%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

Can I hold both WFSPX and PCLAX in my portfolio?

WFSPX and PCLAX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFSPX or PCLAX?

PCLAX has higher volatility (6.93%) compared to WFSPX (2.82%). In terms of maximum drawdown, WFSPX dropped -58.21% vs PCLAX's -68.19%.

Which has better risk-adjusted returns?

WFSPX currently has the higher Sharpe Ratio (2.55 vs 2.54), 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.