BTZ vs. PDI
BTZ (BlackRock Credit Allocation Income Trust) and PDI (PIMCO Dynamic Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, BTZ returned 5.69%/yr vs 7.53%/yr for PDI. At a 0.30 correlation, their price movements are largely independent.
Performance
BTZ vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, BTZ achieves a -2.90% return, which is significantly lower than PDI's 0.45% return. Over the past 10 years, BTZ has underperformed PDI with an annualized return of 5.69%, while PDI has yielded a comparatively higher 7.53% annualized return.
BTZ
- 1D
- -0.69%
- 1M
- -0.74%
- YTD
- -2.90%
- 6M
- -2.86%
- 1Y
- 3.89%
- 3Y*
- 9.36%
- 5Y*
- 0.81%
- 10Y*
- 5.69%
PDI
- 1D
- 0.06%
- 1M
- -3.25%
- YTD
- 0.45%
- 6M
- -0.44%
- 1Y
- 2.55%
- 3Y*
- 11.73%
- 5Y*
- 2.68%
- 10Y*
- 7.53%
BTZ vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | -2.90% | 13.70% | 11.25% | 12.78% | -27.11% | 9.34% | 13.25% | 33.62% | -10.31% | 9.36% |
PDI PIMCO Dynamic Income Fund | 0.45% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between BTZ and PDI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | 0.30 |
Fundamentals
BTZ:
$942.58M
PDI:
$6.90B
BTZ:
$1.60
PDI:
$3.86
BTZ:
6.31
PDI:
4.34
BTZ:
0.14
PDI:
0.07
BTZ:
5.77
PDI:
3.21
BTZ:
0.89
PDI:
0.93
BTZ:
$163.42M
PDI:
$2.03B
BTZ:
$152.69M
PDI:
$1.51B
BTZ:
$120.76M
PDI:
$2.09B
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Return for Risk
BTZ vs. PDI — Risk / Return Rank
BTZ
PDI
BTZ vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Allocation Income Trust (BTZ) 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.
| BTZ | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.06 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.23 | +0.19 |
| Martin ratioReturn relative to average drawdown | 1.41 | 0.52 | +0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTZ | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.23 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.17 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.40 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.59 | -0.40 |
Drawdowns
BTZ vs. PDI - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.62%, which is greater than PDI's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for BTZ and PDI.
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Drawdown Indicators
| BTZ | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -46.47% | -28.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -10.95% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -9.29% | -17.55% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.67% | -27.23% | -7.44% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -46.47% | +11.15% |
Current DrawdownCurrent decline from peak | -4.39% | -7.41% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -6.22% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 4.92% | -2.15% |
Volatility
BTZ vs. PDI - Volatility Comparison
The current volatility for BlackRock Credit Allocation Income Trust (BTZ) is 3.05%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.27%. This indicates that BTZ 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
| BTZ | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.27% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | 8.12% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 11.19% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 15.53% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 19.05% | -5.92% |
Dividends
BTZ vs. PDI - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.97%, less than PDI's 15.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.97% | 9.30% | 9.63% | 9.76% | 9.14% | 6.69% | 6.84% | 6.23% | 7.19% | 6.25% | 6.90% | 7.83% |
PDI PIMCO Dynamic Income Fund | 15.82% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Financials
BTZ vs. PDI - Financials Comparison
This section allows you to compare key financial metrics between BlackRock Credit Allocation Income Trust and PIMCO Dynamic Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BTZ and PDI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.27%) compared to BTZ (3.05%). In terms of maximum drawdown, BTZ dropped -74.62% vs PDI's -46.47%.
BTZ currently has the higher Sharpe Ratio (0.44 vs 0.23), 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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