PCQ vs SPY
Comparison between Pimco California Municipal Income Fund (PCQ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PCQ, delivering a return of +13.3% compared to -9.7%
PCQ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PCQ vs SPY - Historical Returns
Returns include dividend reinvestment.
PCQ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PCQ | SPY |
|---|---|---|
| 2026 | +3.33% | +8.26% |
| 2025 | +0.17% | +18.00% |
| 2024 | +1.28% | +25.59% |
| 2023 | -36.42% | +26.72% |
| 2022 | -15.26% | -18.64% |
| 2021 | +7.87% | +30.52% |
| 2020 | -6.19% | +17.28% |
| 2019 | +26.15% | +31.09% |
| 2018 | -1.10% | -5.24% |
| 2017 | +16.44% | +20.78% |
| 2016 | +5.62% | +13.59% |
| 2015 | +6.94% | +1.31% |
| 2014 | +26.59% | +14.56% |
| 2013 | -14.10% | +29.00% |
| 2012 | +25.62% | +14.17% |
| 2011 | +18.97% | +0.85% |
| 2010 | +6.14% | +13.14% |
| 2009 | +45.10% | +22.67% |
| 2008 | -41.29% | -36.25% |
| 2007 | -3.73% | +5.32% |
| 2006 | +16.83% | +13.85% |
| 2005 | +24.28% | +5.32% |
| 2004 | +8.38% | +10.75% |
| 2003 | +0.07% | +24.18% |
| 2002 | +2.59% | -22.42% |
| 2001 | +0.78% | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PCQ vs SPY Drawdown Comparison
The maximum drawdown for PCQ was -56.28%, occurring on Dec 16, 2008. Recovery took 839 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PCQ drawdown is -44.87%. The current SPY drawdown is -2.90%.
| Rank | PCQ | SPY |
|---|---|---|
| #1 | -56.28% May 11, 2007 - Sep 9, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -54.86% Nov 12, 2021 - Oct 6, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -37.82% Dec 9, 2019 - Jul 15, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.43% Jan 23, 2013 - Nov 20, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.69% Oct 15, 2010 - Sep 29, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.09% Dec 11, 2017 - Jul 9, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.13% Aug 13, 2018 - Jan 28, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.13% Sep 8, 2016 - May 8, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.06% Jun 13, 2003 - Apr 1, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.35% Feb 2, 2015 - Oct 20, 2015 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.17% Jul 11, 2012 - Nov 28, 2012 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.02% Jan 30, 2012 - Apr 24, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.76% Apr 1, 2004 - Aug 6, 2004 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.05% Sep 13, 2002 - May 22, 2003 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.19% Aug 16, 2001 - Aug 6, 2002 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PCQ and SPY is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
PCQ vs SPY dividend yield comparison.
| Year | PCQ | SPY |
|---|---|---|
| 2026 | 2.03% | 0.24% |
| 2025 | 4.95% | 1.07% |
| 2024 | 4.78% | 1.21% |
| 2023 | 4.64% | 1.40% |
| 2022 | 5.29% | 1.65% |
| 2021 | 4.20% | 1.20% |
| 2020 | 4.39% | 1.52% |
| 2019 | 4.65% | 1.75% |
| 2018 | 5.72% | 2.04% |
| 2017 | 5.35% | 1.80% |
| 2016 | 5.89% | 2.03% |
| 2015 | 5.89% | 2.06% |
| 2014 | 5.90% | 1.87% |
| 2013 | 7.10% | 1.81% |
| 2012 | 5.80% | 2.18% |
| 2011 | 6.87% | 2.05% |
| 2010 | 7.45% | 1.80% |
| 2009 | 7.46% | 1.95% |
| 2008 | 10.68% | 3.02% |
| 2007 | 5.95% | 1.85% |
| 2006 | 5.25% | 1.73% |
| 2005 | 5.83% | 1.73% |
| 2004 | 6.83% | 1.82% |
| 2003 | 6.90% | 1.47% |
| 2002 | 6.45% | 1.70% |
| 2001 | 2.53% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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