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.
Performance
PDI vs. SPYD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PDI having a 20.22% return and SPYD slightly higher at 20.83%.
PDI
20.22%
-3.25%
6.00%
24.42%
1.83%
7.44%
SPYD
20.83%
-0.71%
13.85%
33.96%
8.59%
N/A
Key characteristics
| PDI | SPYD | |
|---|---|---|
| Sharpe Ratio | 2.42 | 2.66 |
| Sortino Ratio | 2.84 | 3.69 |
| Omega Ratio | 1.55 | 1.48 |
| Calmar Ratio | 1.49 | 2.17 |
| Martin Ratio | 12.39 | 17.67 |
| Ulcer Index | 2.01% | 1.96% |
| Daily Std Dev | 10.30% | 13.05% |
| Max Drawdown | -46.47% | -46.42% |
| Current Drawdown | -6.71% | -0.76% |
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Correlation
The correlation between PDI and SPYD is 0.36, 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.
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 13.93%, more than SPYD's 4.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 13.93% | 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 | 4.03% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 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
PIMCO Dynamic Income Fund (PDI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 3.62% and 3.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.