PDI vs. XLE
PDI (PIMCO Dynamic Income Fund) is a stock, while XLE (State Street Energy Select Sector SPDR ETF) is Energy Equities fund tracking the Energy Select Sector Index. Over the past 10 years, PDI returned 6.65%/yr vs 10.03%/yr for XLE. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
PDI vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, PDI achieves a -0.41% return, which is significantly lower than XLE's 32.69% return. Over the past 10 years, PDI has underperformed XLE with an annualized return of 6.65%, while XLE has yielded a comparatively higher 10.03% annualized return.
PDI
- 1D
- 1.44%
- 1M
- -2.00%
- 6M
- -5.51%
- YTD
- -0.41%
- 1Y
- -3.13%
- 3Y*
- 8.49%
- 5Y*
- 2.38%
- 10Y*
- 6.65%
- ALL TIME*
- 9.92%
XLE
- 1D
- -0.46%
- 1M
- 9.96%
- 6M
- 14.82%
- YTD
- 32.69%
- 1Y
- 41.32%
- 3Y*
- 14.02%
- 5Y*
- 23.40%
- 10Y*
- 10.03%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.87M | $42.96M | $45.76M | |
| $1.80B | $1.75B | $1.95B |
PDI vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | -0.41% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
XLE State Street Energy Select Sector SPDR ETF | 32.69% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between PDI and XLE is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.22 |
The correlation between PDI and XLE shifts across timeframes, from -0.18 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDI vs. XLE — Risk / Return Rank
PDI
XLE
PDI vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.32 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.77 | -3.06 |
| Martin ratioReturn relative to average drawdown | -0.54 | 7.38 | -7.92 |
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Drawdowns
PDI vs. XLE - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PDI and XLE.
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Drawdown Indicators
| PDI | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -71.26% | +24.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -14.98% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -20.14% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -26.04% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | -66.81% | +20.34% |
Current DrawdownCurrent decline from peak | -8.20% | -5.78% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -17.93% | +11.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 5.62% | +0.22% |
Volatility
PDI vs. XLE - Volatility Comparison
The current volatility for PIMCO Dynamic Income Fund (PDI) is 3.44%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 6.17%. This indicates that PDI experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDI | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 6.17% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 16.62% | -7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 21.00% | -9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 25.74% | -10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 29.57% | -10.51% |
Dividends
PDI vs. XLE - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 16.39%, more than XLE's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.39% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
XLE State Street Energy Select Sector SPDR ETF | 2.59% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
PDI and XLE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (6.17%) compared to PDI (3.44%). In terms of maximum drawdown, PDI dropped -46.47% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.98 vs -0.26), 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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