PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PDI vs. USHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PDI vs. USHY

Last updated Jun 9, 2026

PDI (PIMCO Dynamic Income Fund) is a stock, while USHY (iShares Broad USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. Over the past 5 years, PDI returned 2.42%/yr vs 4.16%/yr for USHY. At a 0.40 correlation, their price movements are largely independent.

Performance

PDI vs. USHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Dynamic Income Fund (PDI) and iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PDI achieves a 0.27% return, which is significantly lower than USHY's 1.29% return.

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%

USHY

1D
0.08%
1M
-0.14%
YTD
1.29%
6M
1.85%
1Y
6.84%
3Y*
8.79%
5Y*
4.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDI vs. USHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PDI
PIMCO Dynamic Income Fund		0.27%11.03%17.18%11.99%-16.99%7.81%-9.96%22.23%7.35%2.14%
USHY
iShares Broad USD High Yield Corporate Bond ETF		1.29%8.81%8.45%12.73%-11.18%5.02%6.17%14.24%-2.41%0.16%

Correlation

The correlation between PDI and USHY 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

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Oct 27, 2017

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PIMCO Dynamic Income Fund

iShares Broad USD High Yield Corporate Bond ETF

Often compared with PDI:
PDI vs. PDOPDI vs. PTYPDI vs. GOFPDI vs. PCNPDI vs. JEPIPDI vs. PHKPDI vs. CEFS
Often compared with USHY:
USHY vs. HYGUSHY vs. SPHYUSHY vs. HYSUSHY vs. JNKUSHY vs. BKLNUSHY vs. HYLBUSHY vs. SPY

Return for Risk

PDI vs. USHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDI
PDI Risk / Return Rank: 4444
Overall Rank
PDI Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
PDI Sortino Ratio Rank: 3737
Sortino Ratio Rank
PDI Omega Ratio Rank: 4040
Omega Ratio Rank
PDI Calmar Ratio Rank: 4646
Calmar Ratio Rank
PDI Martin Ratio Rank: 4747
Martin Ratio Rank
USHY
USHY Risk / Return Rank: 6767
Overall Rank
USHY Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
USHY Sortino Ratio Rank: 6969
Sortino Ratio Rank
USHY Omega Ratio Rank: 6767
Omega Ratio Rank
USHY Calmar Ratio Rank: 6363
Calmar Ratio Rank
USHY Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDI vs. USHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.

PDIUSHYDifference
Sharpe ratioReturn per unit of total volatility
0.17
1.88

-1.70

Sortino ratioReturn per unit of downside risk
0.29
2.81

-2.52

Omega ratioGain probability vs. loss probability

1.05

1.36

-0.31

Calmar ratioReturn relative to maximum drawdown

0.18

2.83

-2.65

Martin ratioReturn relative to average drawdown

0.39

12.68

-12.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDI vs. USHY - Sharpe Ratio Comparison

The current PDI Sharpe Ratio is 0.17, which is lower than the USHY Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of PDI and USHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

PDIUSHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.17

1.88

-1.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.57

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.58

+0.01

Drawdowns

PDI vs. USHY - Drawdown Comparison

The maximum PDI drawdown since its inception was -46.47%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for PDI and USHY.

Loading charts...

Drawdown Indicators

PDIUSHYDifference

Max Drawdown

Largest peak-to-trough decline

-46.47%

-22.44%

-24.03%

Max Drawdown (1Y)

Largest decline over 1 year

-10.95%

-2.43%

-8.52%

Max Drawdown (3Y)

Largest decline over 3 years

-17.55%

-4.66%

-12.89%

Max Drawdown (5Y)

Largest decline over 5 years

-27.23%

-15.56%

-11.67%

Max Drawdown (10Y)

Largest decline over 10 years

-46.47%

—

—

Current Drawdown

Current decline from peak

-7.57%

-0.41%

-7.16%

Average Drawdown

Average peak-to-trough decline

-6.22%

-2.66%

-3.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.98%

0.54%

+4.44%

Volatility

PDI vs. USHY - Volatility Comparison

PIMCO Dynamic Income Fund (PDI) has a higher volatility of 3.21% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that PDI's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PDIUSHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

1.13%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

8.14%

2.95%

+5.19%

Volatility (1Y)

Calculated over the trailing 1-year period

11.24%

3.67%

+7.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.53%

7.34%

+8.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.05%

8.25%

+10.80%

Dividends

PDI vs. USHY - Dividend Comparison

PDI's dividend yield for the trailing twelve months is around 15.84%, more than USHY's 6.93% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
USHY
iShares Broad USD High Yield Corporate Bond ETF		6.93%6.79%6.89%6.63%6.08%5.07%5.30%5.92%6.30%0.73%0.00%0.00%

Frequently Asked Questions

PDI and USHY 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 USHY (1.13%). In terms of maximum drawdown, PDI dropped -46.47% vs USHY's -22.44%.

USHY currently has the higher Sharpe Ratio (1.88 vs 0.17), 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.

Portfolio Optimizer

Find the right allocation for PDI and USHY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer