PDI vs. SPYD
Compare and contrast key facts about PIMCO Dynamic Income Fund (PDI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDI or SPYD.
Key characteristics
| PDI | SPYD | |
|---|---|---|
| YTD Return | 12.88% | 3.04% |
| 1Y Return | 22.95% | 15.47% |
| 3Y Return (Ann) | -0.07% | 3.72% |
| 5Y Return (Ann) | 2.00% | 5.60% |
| Sharpe Ratio | 1.67 | 0.89 |
| Daily Std Dev | 13.78% | 15.76% |
| Max Drawdown | -46.47% | -46.42% |
| Current Drawdown | -2.66% | -3.57% |
Correlation
The correlation between PDI and SPYD 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. SPYD - Performance Comparison
In the year-to-date period, PDI achieves a 12.88% return, which is significantly higher than SPYD's 3.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PDI vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 13.67%, more than SPYD's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI 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% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.53% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
PDI vs. SPYD - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, roughly equal to the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for PDI and SPYD. For additional features, visit the drawdowns tool.
Volatility
PDI vs. SPYD - Volatility Comparison
The current volatility for PIMCO Dynamic Income Fund (PDI) is 2.98%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 4.59%. This indicates that PDI experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.