MDFIX vs. PTY
MDFIX (Matisse Discounted Bond CEF Strategy) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - MDFIX is a Multisector Bonds fund managed by Matisse, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 5 years, MDFIX returned 12.94%/yr vs -0.85%/yr for PTY. Their 0.46 correlation means their historical movements had little consistent relationship. MDFIX charges 0.99%/yr vs 1.19%/yr for PTY.
Performance
MDFIX vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, MDFIX achieves a 0.29% return, which is significantly higher than PTY's -2.91% return.
MDFIX
- 1D
- 0.21%
- 1M
- -0.68%
- 6M
- -0.49%
- YTD
- 0.29%
- 1Y
- 5.46%
- 3Y*
- 7.78%
- 5Y*
- 12.94%
- 10Y*
- —
- ALL TIME*
- 16.14%
PTY
- 1D
- -0.26%
- 1M
- -2.10%
- 6M
- -4.67%
- YTD
- -2.91%
- 1Y
- -6.48%
- 3Y*
- 3.48%
- 5Y*
- -0.85%
- 10Y*
- 8.05%
- ALL TIME*
- 10.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $11.02M | $11.88M | $12.18M |
MDFIX vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MDFIX Matisse Discounted Bond CEF Strategy | 0.29% | 8.08% | 10.74% | 13.63% | -15.84% | 75.03% | 26.79% |
PTY PIMCO Corporate & Income Opportunity Fund | -2.91% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 34.33% |
Correlation
The correlation between MDFIX and PTY is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.46 |
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Return for Risk
MDFIX vs. PTY — Risk / Return Rank
MDFIX
PTY
MDFIX vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matisse Discounted Bond CEF Strategy (MDFIX) 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.
| MDFIX | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.90 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.40 | +1.98 |
| Martin ratioReturn relative to average drawdown | 5.48 | -0.70 | +6.18 |
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Drawdowns
MDFIX vs. PTY - Drawdown Comparison
The maximum MDFIX drawdown since its inception was -22.49%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for MDFIX and PTY.
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Drawdown Indicators
| MDFIX | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -60.86% | +38.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -15.44% | +11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -9.51% | -15.53% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.49% | -41.38% | +18.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.55% | — |
Current DrawdownCurrent decline from peak | -0.68% | -11.88% | +11.20% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -8.63% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 8.89% | -7.76% |
Volatility
MDFIX vs. PTY - Volatility Comparison
The current volatility for Matisse Discounted Bond CEF Strategy (MDFIX) is 0.95%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 2.54%. This indicates that MDFIX experiences smaller price fluctuations and is considered to be less risky 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
| MDFIX | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 2.54% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 7.87% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 11.25% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.76% | 17.24% | +10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 21.18% | +3.77% |
MDFIX vs. PTY - Expense Ratio Comparison
MDFIX has a 0.99% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
MDFIX vs. PTY - Dividend Comparison
MDFIX's dividend yield for the trailing twelve months is around 8.64%, less than PTY's 12.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDFIX Matisse Discounted Bond CEF Strategy | 8.64% | 8.31% | 7.00% | 7.15% | 7.55% | 45.93% | 3.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.17% | 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
MDFIX and PTY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.54%) compared to MDFIX (0.95%). In terms of maximum drawdown, MDFIX dropped -22.49% vs PTY's -60.86%.
MDFIX currently has the higher Sharpe Ratio (1.47 vs -0.55), 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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