PDI vs. FENY
PDI (PIMCO Dynamic Income Fund) is a stock, while FENY (Fidelity MSCI Energy Index ETF) is Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index. Over the past 10 years, PDI returned 6.65%/yr vs 9.47%/yr for FENY. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
PDI vs. FENY - Performance Comparison
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Returns By Period
In the year-to-date period, PDI achieves a -0.41% return, which is significantly lower than FENY's 32.87% return. Over the past 10 years, PDI has underperformed FENY with an annualized return of 6.65%, while FENY has yielded a comparatively higher 9.47% annualized return.
PDI
- 1D
- 1.44%
- 1M
- -2.00%
- 6M
- -5.51%
- YTD
- -0.41%
- 1Y
- -3.13%
- 3Y*
- 8.49%
- 5Y*
- 2.38%
- 10Y*
- 6.65%
- ALL TIME*
- 9.92%
FENY
- 1D
- -0.40%
- 1M
- 9.72%
- 6M
- 15.12%
- YTD
- 32.87%
- 1Y
- 41.70%
- 3Y*
- 14.17%
- 5Y*
- 23.48%
- 10Y*
- 9.47%
- ALL TIME*
- 5.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.28M | $43.61M | $52.27M | |
| $46.87M | $42.96M | $45.76M |
PDI vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | -0.41% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
FENY Fidelity MSCI Energy Index ETF | 32.87% | 7.27% | 6.62% | -0.04% | 62.94% | 55.62% | -33.15% | 9.11% | -19.99% | -2.30% |
Correlation
The correlation between PDI and FENY is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.23 |
The correlation between PDI and FENY shifts across timeframes, from -0.17 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDI vs. FENY — Risk / Return Rank
PDI
FENY
PDI vs. FENY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and Fidelity MSCI Energy Index ETF (FENY). 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.
| PDI | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.32 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.80 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.54 | 7.52 | -8.06 |
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Drawdowns
PDI vs. FENY - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for PDI and FENY.
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Drawdown Indicators
| PDI | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -74.35% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -14.96% | +4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -21.47% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -26.64% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | -69.07% | +22.60% |
Current DrawdownCurrent decline from peak | -8.20% | -5.93% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -22.94% | +16.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 5.56% | +0.28% |
Volatility
PDI vs. FENY - Volatility Comparison
The current volatility for PIMCO Dynamic Income Fund (PDI) is 3.44%, while Fidelity MSCI Energy Index ETF (FENY) has a volatility of 6.24%. This indicates that PDI experiences smaller price fluctuations and is considered to be less risky than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDI | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 6.24% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 16.54% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 20.87% | -8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 26.17% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 29.78% | -10.72% |
Dividends
PDI vs. FENY - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 16.39%, more than FENY's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.39% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
PDI PIMCO Dynamic Income Fund | 16.39% | 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
PDI and FENY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FENY has higher volatility (6.24%) compared to PDI (3.44%). In terms of maximum drawdown, PDI dropped -46.47% vs FENY's -74.35%.
FENY currently has the higher Sharpe Ratio (2.01 vs -0.26), 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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