PDI vs. XYLD
Compare and contrast key facts about PIMCO Dynamic Income Fund (PDI) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDI or XYLD.
Key characteristics
| PDI | XYLD | |
|---|---|---|
| YTD Return | 11.25% | 4.43% |
| 1Y Return | 21.23% | 8.75% |
| 3Y Return (Ann) | -0.36% | 4.59% |
| 5Y Return (Ann) | 1.71% | 5.49% |
| 10Y Return (Ann) | 7.07% | 6.23% |
| Sharpe Ratio | 1.56 | 1.31 |
| Daily Std Dev | 13.75% | 6.25% |
| Max Drawdown | -46.47% | -33.46% |
| Current Drawdown | -4.07% | -1.46% |
Correlation
The correlation between PDI and XYLD is 0.32, 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. XYLD - Performance Comparison
In the year-to-date period, PDI achieves a 11.25% return, which is significantly higher than XYLD's 4.43% return. Over the past 10 years, PDI has outperformed XYLD with an annualized return of 7.07%, while XYLD has yielded a comparatively lower 6.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PDI vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 13.88%, more than XYLD's 9.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 13.88% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 15.08% | 13.43% | 11.59% |
XYLD Global X S&P 500 Covered Call ETF | 9.60% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 2.49% |
Drawdowns
PDI vs. XYLD - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for PDI and XYLD. For additional features, visit the drawdowns tool.
Volatility
PDI vs. XYLD - Volatility Comparison
PIMCO Dynamic Income Fund (PDI) has a higher volatility of 2.84% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.89%. This indicates that PDI's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.