PDI vs. SPY
Compare and contrast key facts about PIMCO Dynamic Income Fund (PDI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDI or SPY.
Key characteristics
PDI | SPY | |
---|---|---|
YTD Return | 12.88% | 7.90% |
1Y Return | 22.95% | 28.03% |
3Y Return (Ann) | -0.07% | 8.75% |
5Y Return (Ann) | 2.00% | 13.52% |
10Y Return (Ann) | 7.15% | 12.62% |
Sharpe Ratio | 1.67 | 2.33 |
Daily Std Dev | 13.78% | 11.63% |
Max Drawdown | -46.47% | -55.19% |
Current Drawdown | -2.66% | -2.27% |
Correlation
The correlation between PDI and SPY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PDI vs. SPY - Performance Comparison
In the year-to-date period, PDI achieves a 12.88% return, which is significantly higher than SPY's 7.90% return. Over the past 10 years, PDI has underperformed SPY with an annualized return of 7.15%, while SPY has yielded a comparatively higher 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PDI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and SPDR S&P 500 ETF (SPY). 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.
Dividends
PDI vs. SPY - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 13.67%, more than SPY's 1.31% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PIMCO Dynamic Income Fund | 13.67% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 15.08% | 13.43% | 11.59% |
SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PDI vs. SPY - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PDI and SPY. For additional features, visit the drawdowns tool.
Volatility
PDI vs. SPY - Volatility Comparison
The current volatility for PIMCO Dynamic Income Fund (PDI) is 2.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that PDI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.