PDI vs. XYLD
PDI (PIMCO Dynamic Income Fund) is a stock, while XYLD (Global X S&P 500 Covered Call ETF) is Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index. Over the past 10 years, PDI returned 7.02%/yr vs 8.16%/yr for XYLD. At a 0.32 correlation, their price movements are largely independent.
Performance
PDI vs. XYLD - Performance Comparison
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Returns By Period
In the year-to-date period, PDI achieves a 0.51% return, which is significantly lower than XYLD's 7.00% return. Over the past 10 years, PDI has underperformed XYLD with an annualized return of 7.02%, while XYLD has yielded a comparatively higher 8.16% annualized return.
PDI
- 1D
- -0.31%
- 1M
- 1.08%
- 6M
- -3.00%
- YTD
- 0.51%
- 1Y
- -0.48%
- 3Y*
- 9.66%
- 5Y*
- 2.84%
- 10Y*
- 7.02%
- ALL TIME*
- 10.02%
XYLD
- 1D
- 0.07%
- 1M
- 1.40%
- 6M
- 6.27%
- YTD
- 7.00%
- 1Y
- 17.45%
- 3Y*
- 11.41%
- 5Y*
- 7.83%
- 10Y*
- 8.16%
- ALL TIME*
- 8.31%
PDI vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 0.51% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
XYLD Global X S&P 500 Covered Call ETF | 7.00% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | -0.56% | 21.41% | -6.09% | 16.49% |
Correlation
The correlation between PDI and XYLD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2013 | 0.32 |
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Return for Risk
PDI vs. XYLD — Risk / Return Rank
PDI
XYLD
PDI vs. XYLD - Risk-Adjusted Trends 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.
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 | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.57 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.31 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.09 | 17.26 | -17.34 |
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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.
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Drawdown Indicators
| PDI | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -33.46% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -5.29% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -15.53% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -18.66% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | -33.46% | -13.01% |
Current DrawdownCurrent decline from peak | -7.34% | -0.32% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -3.69% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 1.01% | +4.53% |
Volatility
PDI vs. XYLD - Volatility Comparison
PIMCO Dynamic Income Fund (PDI) has a higher volatility of 2.40% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.69%. 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.
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Volatility by Period
| PDI | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 1.69% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 5.93% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 6.96% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 11.25% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 14.15% | +4.90% |
Dividends
PDI vs. XYLD - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 16.24%, more than XYLD's 11.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.24% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
XYLD Global X S&P 500 Covered Call ETF | 11.40% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
PDI and XYLD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (2.40%) compared to XYLD (1.69%). In terms of maximum drawdown, PDI dropped -46.47% vs XYLD's -33.46%.
XYLD currently has the higher Sharpe Ratio (2.52 vs -0.04), 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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