AGDAX vs. PDI
AGDAX (AB High Income Fund) is High Yield Bonds fund managed by AllianceBernstein, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, AGDAX returned 4.66%/yr vs 7.61%/yr for PDI. At a 0.35 correlation, their price movements are largely independent.
Performance
AGDAX vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, AGDAX achieves a 2.07% return, which is significantly higher than PDI's 0.84% return. Over the past 10 years, AGDAX has underperformed PDI with an annualized return of 4.66%, while PDI has yielded a comparatively higher 7.61% annualized return.
AGDAX
- 1D
- 0.29%
- 1M
- 1.00%
- YTD
- 2.07%
- 6M
- 2.93%
- 1Y
- 7.51%
- 3Y*
- 8.73%
- 5Y*
- 3.68%
- 10Y*
- 4.66%
PDI
- 1D
- 0.36%
- 1M
- -0.39%
- YTD
- 0.84%
- 6M
- 1.06%
- 1Y
- 2.40%
- 3Y*
- 11.46%
- 5Y*
- 2.84%
- 10Y*
- 7.61%
AGDAX vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGDAX AB High Income Fund | 2.07% | 8.06% | 7.36% | 13.63% | -12.45% | 3.87% | 2.91% | 13.71% | -5.29% | 7.94% |
PDI PIMCO Dynamic Income Fund | 0.84% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between AGDAX and PDI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.35 |
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Return for Risk
AGDAX vs. PDI — Risk / Return Rank
AGDAX
PDI
AGDAX vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Income Fund (AGDAX) and PIMCO Dynamic Income Fund (PDI). 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.
| AGDAX | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.06 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 0.22 | +2.57 |
| Martin ratioReturn relative to average drawdown | 13.60 | 0.47 | +13.13 |
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Drawdowns
AGDAX vs. PDI - Drawdown Comparison
The maximum AGDAX drawdown since its inception was -45.59%, roughly equal to the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for AGDAX and PDI.
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Drawdown Indicators
| AGDAX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.59% | -46.47% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -10.95% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -17.55% | +13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -27.19% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.82% | -46.47% | +20.65% |
Current DrawdownCurrent decline from peak | -0.00% | -7.05% | +7.05% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -6.22% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 5.13% | -4.56% |
Volatility
AGDAX vs. PDI - Volatility Comparison
The current volatility for AB High Income Fund (AGDAX) is 1.01%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.37%. This indicates that AGDAX experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGDAX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 3.37% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 8.37% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 11.38% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 15.54% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 19.05% | -13.40% |
Dividends
AGDAX vs. PDI - Dividend Comparison
AGDAX's dividend yield for the trailing twelve months is around 6.68%, less than PDI's 15.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGDAX AB High Income Fund | 6.68% | 6.85% | 5.89% | 6.53% | 6.79% | 4.95% | 5.86% | 6.27% | 7.47% | 5.84% | 6.25% | 7.42% |
PDI PIMCO Dynamic Income Fund | 15.97% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
AGDAX and PDI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.37%) compared to AGDAX (1.01%). In terms of maximum drawdown, AGDAX dropped -45.59% vs PDI's -46.47%.
AGDAX currently has the higher Sharpe Ratio (2.31 vs 0.21), 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.
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