PCMM vs. PDO
PCMM (BondBloxx Private Credit CLO ETF) is CLO fund actively managed by BondBloxx, while PDO (Pimco Dynamic Income Opportunities Fund) is a stock. Over the past year, PCMM returned 4.45% vs 7.78% for PDO. At a 0.08 correlation, their price movements are largely independent.
Performance
PCMM vs. PDO - Performance Comparison
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Returns By Period
In the year-to-date period, PCMM achieves a 1.15% return, which is significantly higher than PDO's -1.55% return.
PCMM
- 1D
- 0.06%
- 1M
- 0.49%
- YTD
- 1.15%
- 6M
- 1.71%
- 1Y
- 4.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDO
- 1D
- -0.76%
- 1M
- -1.31%
- YTD
- -1.55%
- 6M
- -1.36%
- 1Y
- 7.78%
- 3Y*
- 12.29%
- 5Y*
- 2.48%
- 10Y*
- —
PCMM vs. PDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PCMM BondBloxx Private Credit CLO ETF | 1.15% | 6.30% | 0.50% |
PDO Pimco Dynamic Income Opportunities Fund | -1.55% | 13.96% | -0.09% |
Correlation
The correlation between PCMM and PDO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.08 |
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Return for Risk
PCMM vs. PDO — Risk / Return Rank
PCMM
PDO
PCMM vs. PDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Private Credit CLO ETF (PCMM) and Pimco Dynamic Income Opportunities Fund (PDO). 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.
| PCMM | PDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.70 | +1.38 |
| Martin ratioReturn relative to average drawdown | 7.21 | 2.54 | +4.68 |
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
| PCMM | PDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.79 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.25 | +0.83 |
Drawdowns
PCMM vs. PDO - Drawdown Comparison
The maximum PCMM drawdown since its inception was -4.32%, smaller than the maximum PDO drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for PCMM and PDO.
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Drawdown Indicators
| PCMM | PDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.32% | -36.83% | +32.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -11.18% | +9.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.83% | — |
Current DrawdownCurrent decline from peak | -0.41% | -5.38% | +4.97% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -14.43% | +14.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 3.08% | -2.46% |
Volatility
PCMM vs. PDO - Volatility Comparison
The current volatility for BondBloxx Private Credit CLO ETF (PCMM) is 1.22%, while Pimco Dynamic Income Opportunities Fund (PDO) has a volatility of 3.79%. This indicates that PCMM experiences smaller price fluctuations and is considered to be less risky than PDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCMM | PDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 3.79% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 8.95% | -6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 9.95% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 15.85% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 15.57% | -10.60% |
Dividends
PCMM vs. PDO - Dividend Comparison
PCMM's dividend yield for the trailing twelve months is around 6.62%, less than PDO's 11.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PCMM BondBloxx Private Credit CLO ETF | 6.62% | 7.02% | 0.00% | 0.00% | 0.00% | 0.00% |
PDO Pimco Dynamic Income Opportunities Fund | 11.81% | 11.09% | 11.29% | 12.54% | 19.09% | 8.56% |
Frequently Asked Questions
PCMM and PDO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDO has higher volatility (3.79%) compared to PCMM (1.22%). In terms of maximum drawdown, PCMM dropped -4.32% vs PDO's -36.83%.
PCMM currently has the higher Sharpe Ratio (1.16 vs 0.79), 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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