PDI vs. VEMY
PDI (PIMCO Dynamic Income Fund) is a stock, while VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) is Emerging Markets Bonds fund actively managed by Virtus. Over the past 3 years, PDI returned 10.94%/yr vs 15.11%/yr for VEMY. At a 0.30 correlation, their price movements are largely independent.
Performance
PDI vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, PDI achieves a -0.56% return, which is significantly lower than VEMY's 6.70% return.
PDI
- 1D
- -0.12%
- 1M
- -0.89%
- YTD
- -0.56%
- 6M
- -0.56%
- 1Y
- 1.36%
- 3Y*
- 10.94%
- 5Y*
- 2.62%
- 10Y*
- 7.51%
VEMY
- 1D
- 0.28%
- 1M
- 2.19%
- YTD
- 6.70%
- 6M
- 6.88%
- 1Y
- 18.55%
- 3Y*
- 15.11%
- 5Y*
- —
- 10Y*
- —
PDI vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | -0.56% | 11.03% | 17.18% | 11.99% | -5.98% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.70% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between PDI and VEMY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.30 |
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Return for Risk
PDI vs. VEMY — Risk / Return Rank
PDI
VEMY
PDI vs. VEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDI | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.63 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 4.65 | -4.53 |
| Martin ratioReturn relative to average drawdown | 0.26 | 22.07 | -21.81 |
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Drawdowns
PDI vs. VEMY - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for PDI and VEMY.
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Drawdown Indicators
| PDI | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -8.77% | -37.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -4.00% | -6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -6.57% | -10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | — | — |
Current DrawdownCurrent decline from peak | -8.34% | -0.09% | -8.25% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -1.30% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 0.84% | +4.34% |
Volatility
PDI vs. VEMY - Volatility Comparison
PIMCO Dynamic Income Fund (PDI) has a higher volatility of 3.19% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.45%. This indicates that PDI's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDI | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 1.45% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 4.73% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 6.08% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 7.61% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 7.61% | +11.43% |
Dividends
PDI vs. VEMY - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 16.20%, more than VEMY's 8.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.20% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.31% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDI and VEMY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.19%) compared to VEMY (1.45%). In terms of maximum drawdown, PDI dropped -46.47% vs VEMY's -8.77%.
VEMY currently has the higher Sharpe Ratio (3.07 vs 0.12), 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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