GLU vs. PTY
GLU (The Gabelli Global Utility & Income Trust) is a stock, while PTY (PIMCO Corporate & Income Opportunity Fund) is Corporate Bonds fund managed by PIMCO. Over the past 10 years, GLU returned 7.74%/yr vs 8.61%/yr for PTY. At a 0.23 correlation, their price movements are largely independent.
Performance
GLU vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, GLU achieves a 4.46% return, which is significantly higher than PTY's -1.00% return. Over the past 10 years, GLU has underperformed PTY with an annualized return of 7.74%, while PTY has yielded a comparatively higher 8.61% annualized return.
GLU
- 1D
- 0.62%
- 1M
- 2.42%
- 6M
- 1.94%
- YTD
- 4.46%
- 1Y
- 17.75%
- 3Y*
- 20.03%
- 5Y*
- 5.02%
- 10Y*
- 7.74%
PTY
- 1D
- -0.26%
- 1M
- 2.80%
- 6M
- -3.18%
- YTD
- -1.00%
- 1Y
- -3.54%
- 3Y*
- 6.02%
- 5Y*
- -0.18%
- 10Y*
- 8.61%
GLU vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLU The Gabelli Global Utility & Income Trust | 4.46% | 37.93% | 23.55% | 2.07% | -28.13% | 21.19% | 4.90% | 25.26% | -19.49% | 34.92% |
PTY PIMCO Corporate & Income Opportunity Fund | -1.00% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
Correlation
The correlation between GLU and PTY is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 26, 2004 | 0.23 |
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Return for Risk
GLU vs. PTY — Risk / Return Rank
GLU
PTY
GLU vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Global Utility & Income Trust (GLU) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.
| GLU | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.23 | +1.53 |
| Martin ratioReturn relative to average drawdown | 3.29 | -0.42 | +3.70 |
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Drawdowns
GLU vs. PTY - Drawdown Comparison
The maximum GLU drawdown since its inception was -50.52%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for GLU and PTY.
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Drawdown Indicators
| GLU | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.52% | -60.86% | +10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -15.44% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -16.04% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -41.38% | +3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -46.57% | -46.55% | -0.02% |
Current DrawdownCurrent decline from peak | -7.90% | -10.15% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -8.62% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 8.46% | -3.05% |
Volatility
GLU vs. PTY - Volatility Comparison
The Gabelli Global Utility & Income Trust (GLU) has a higher volatility of 4.75% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.42%. This indicates that GLU's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLU | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.42% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 7.51% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.78% | 11.02% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 17.25% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 21.18% | +0.58% |
Dividends
GLU vs. PTY - Dividend Comparison
GLU's dividend yield for the trailing twelve months is around 6.47%, less than PTY's 11.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLU The Gabelli Global Utility & Income Trust | 6.47% | 6.23% | 8.00% | 9.10% | 8.52% | 5.70% | 6.51% | 6.36% | 7.45% | 5.63% | 7.14% | 7.22% |
PTY PIMCO Corporate & Income Opportunity Fund | 11.94% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
GLU and PTY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLU has higher volatility (4.75%) compared to PTY (2.42%). In terms of maximum drawdown, GLU dropped -50.52% vs PTY's -60.86%.
GLU currently has the higher Sharpe Ratio (1.21 vs -0.32), 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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