GHVIX vs. PDI
GHVIX (GMO High Yield Fund) is High Yield Bonds fund managed by GMO, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 5 years, GHVIX returned 4.61%/yr vs 2.52%/yr for PDI. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
GHVIX vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, GHVIX achieves a 1.72% return, which is significantly higher than PDI's -1.34% return.
GHVIX
- 1D
- 0.17%
- 1M
- -0.35%
- 6M
- 1.25%
- YTD
- 1.72%
- 1Y
- 5.40%
- 3Y*
- 6.20%
- 5Y*
- 4.61%
- 10Y*
- —
- ALL TIME*
- 5.57%
PDI
- 1D
- -0.68%
- 1M
- -2.92%
- 6M
- -5.41%
- YTD
- -1.34%
- 1Y
- -3.63%
- 3Y*
- 8.66%
- 5Y*
- 2.52%
- 10Y*
- 6.63%
- ALL TIME*
- 9.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GHVIX GMO High Yield Fund | $0.00 | $0.00 | $0.00 |
| $42.57M | $40.75M | $45.28M |
GHVIX vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 1.72% | 9.39% | 1.41% | 12.94% | -8.06% | 10.90% | 5.38% | 8.91% | 3.98% |
PDI PIMCO Dynamic Income Fund | -1.34% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | -2.46% |
Correlation
The correlation between GHVIX and PDI is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.41 |
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Return for Risk
GHVIX vs. PDI — Risk / Return Rank
GHVIX
PDI
GHVIX vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO High Yield Fund (GHVIX) 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.
| GHVIX | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.95 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.32 | +2.57 |
| Martin ratioReturn relative to average drawdown | 10.41 | -0.61 | +11.03 |
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Drawdowns
GHVIX vs. PDI - Drawdown Comparison
The maximum GHVIX drawdown since its inception was -20.48%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for GHVIX and PDI.
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Drawdown Indicators
| GHVIX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -46.47% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -10.95% | +8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -9.29% | -17.55% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -27.19% | +13.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -0.52% | -9.05% | +8.53% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -6.23% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 5.78% | -5.26% |
Volatility
GHVIX vs. PDI - Volatility Comparison
The current volatility for GMO High Yield Fund (GHVIX) is 0.70%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.04%. This indicates that GHVIX 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
| GHVIX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 3.04% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 8.89% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 11.83% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 15.58% | -6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 19.05% | -10.28% |
Dividends
GHVIX vs. PDI - Dividend Comparison
GHVIX's dividend yield for the trailing twelve months is around 7.16%, less than PDI's 16.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 7.16% | 5.68% | 7.96% | 4.37% | 8.11% | 19.00% | 2.10% | 7.76% | 3.83% | 0.00% | 0.00% | 0.00% |
PDI PIMCO Dynamic Income Fund | 16.54% | 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
GHVIX and PDI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.04%) compared to GHVIX (0.70%). In terms of maximum drawdown, GHVIX dropped -20.48% vs PDI's -46.47%.
GHVIX currently has the higher Sharpe Ratio (1.79 vs -0.30), 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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