FOF vs SPLS
Cohen & Steers Closed-End Opportunity Fund Inc. vs PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund
Which is better, FOF or SPLS?
SPLS has been ahead.
SPLS has a lower expense ratio. SPLS led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FOF | SPLS |
|---|---|---|
| Expense Ratio | 0.95% | 0.18%Best |
| AUM | $355M | $88M |
| Dividend Yield | 8.21% | 0.54% |
| Holdings | 106 | 3 |
| YTD Return | -0.73% | +10.71%Best |
| 1Y Return | +1.14% | +10.71%Best |
| 3Y Return (annualized) | +15.94% | - |
| 5Y Return (annualized) | +6.12% | - |
| Volatility (annualized) | 18.3%Best | 123.5% |
| Max Drawdown | -59.0%Best | -64.9% |
| $10,000 over 18.8 years | $12,261 | $33,489Best |
| Fund Family | Cohen & Steers Funds | PIMCO (US) |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Nov 20, 2006 | Jan 15, 2026 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 18.8 years row, are measured over the window both funds cover: Jan 2, 2008 to Oct 14, 2026 (18.8 years).
FOF vs SPLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.8 years both funds cover.
FOF vs SPLS Performance
Cohen & Steers Closed-End Opportunity Fund Inc. (FOF) is an ETF from Cohen & Steers Funds and PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund (SPLS) is an ETF from PIMCO (US). Over the past year FOF returned +1.14% while SPLS returned +10.71%. Year to date, FOF is down 0.73% versus a gain of 10.71% for SPLS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPLS has been the more volatile fund, with annualized monthly volatility of 123.5% compared with 18.3% for FOF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.0% for FOF and -64.9% for SPLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FOF charges 0.95% per year while SPLS charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, FOF currently yields 8.21% against 0.54% for SPLS.
Holdings Overlap
We hold position weights for 113 holdings in FOF and 3 in SPLS, totalling 98.4% and 98.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 99 days apart, FOF as of Jun 30, 2026 and SPLS as of Oct 7, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 113 positions we hold weights for in FOF and 3 in SPLS, against full books of 106 and 3.
You are not choosing between two funds in isolation.
Whichever of FOF and SPLS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FOF or SPLS?
FOF has an expense ratio of 0.95% while SPLS charges 0.18%. SPLS is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, FOF or SPLS?
Over the past year FOF returned +1.14% vs +10.71% for SPLS, so SPLS leads on 1-year performance. Over the longest common window we track (19 years), FOF annualized +1.09% vs +6.64% for SPLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FOF or SPLS?
SPLS has been the more volatile fund at 123.5% annualized versus 18.3% for FOF. Worst drawdown: FOF -59.0% vs SPLS -64.9%.
Should I hold both FOF and SPLS?
FOF and SPLS have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FOF or SPLS?
FOF yields 8.21% while SPLS yields 0.54%, so FOF currently pays the higher dividend yield.
Is SPLS better than FOF?
SPLS has a lower expense ratio. SPLS led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.