PDI vs. HYT
PDI (PIMCO Dynamic Income Fund) is a stock, while HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock. Over the past 10 years, PDI returned 7.56%/yr vs 7.34%/yr for HYT. At a 0.38 correlation, their price movements are largely independent.
Performance
PDI vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, PDI achieves a 0.27% return, which is significantly lower than HYT's 1.45% return. Both investments have delivered pretty close results over the past 10 years, with PDI having a 7.56% annualized return and HYT not far behind at 7.34%.
PDI
- 1D
- -0.54%
- 1M
- -4.51%
- YTD
- 0.27%
- 6M
- -0.40%
- 1Y
- 1.93%
- 3Y*
- 10.92%
- 5Y*
- 2.42%
- 10Y*
- 7.56%
HYT
- 1D
- 0.12%
- 1M
- 0.21%
- YTD
- 1.45%
- 6M
- -3.62%
- 1Y
- -1.11%
- 3Y*
- 10.09%
- 5Y*
- 2.64%
- 10Y*
- 7.34%
PDI vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 0.27% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between PDI and HYT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | 0.38 |
The correlation between PDI and HYT shifts across timeframes, from 0.33 (3 years) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDI vs. HYT — Risk / Return Rank
PDI
HYT
PDI vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and BlackRock Corporate High Yield Fund (HYT). 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.
| PDI | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.99 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.11 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.39 | -0.27 | +0.65 |
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
| PDI | HYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.11 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.18 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.43 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.42 | +0.16 |
Drawdowns
PDI vs. HYT - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, smaller than the maximum HYT drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for PDI and HYT.
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Drawdown Indicators
| PDI | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -56.95% | +10.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -10.17% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -13.95% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -29.05% | +1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | -42.59% | -3.88% |
Current DrawdownCurrent decline from peak | -7.57% | -4.65% | -2.92% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -5.91% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 4.19% | +0.79% |
Volatility
PDI vs. HYT - Volatility Comparison
PIMCO Dynamic Income Fund (PDI) has a higher volatility of 3.21% compared to BlackRock Corporate High Yield Fund (HYT) at 2.64%. This indicates that PDI's price experiences larger fluctuations and is considered to be riskier than HYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDI | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.64% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 8.01% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 10.01% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 14.47% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 16.94% | +2.11% |
Dividends
PDI vs. HYT - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 15.84%, more than HYT's 10.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 10.84% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
PDI PIMCO Dynamic Income Fund | 15.84% | 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 HYT 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 (3.21%) compared to HYT (2.64%). In terms of maximum drawdown, PDI dropped -46.47% vs HYT's -56.95%.
PDI currently has the higher Sharpe Ratio (0.17 vs -0.11), 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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