PDIIX vs. PDI
PDIIX (PIMCO Diversified Income Fund) is Multisector Bonds fund managed by PIMCO, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, PDIIX returned 4.32%/yr vs 7.32%/yr for PDI. At a 0.32 correlation, their price movements are largely independent.
Performance
PDIIX vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, PDIIX achieves a 1.54% return, which is significantly higher than PDI's -1.30% return. Over the past 10 years, PDIIX has underperformed PDI with an annualized return of 4.32%, while PDI has yielded a comparatively higher 7.32% annualized return.
PDIIX
- 1D
- -0.20%
- 1M
- 1.28%
- YTD
- 1.54%
- 6M
- 2.12%
- 1Y
- 8.29%
- 3Y*
- 8.58%
- 5Y*
- 2.49%
- 10Y*
- 4.32%
PDI
- 1D
- -0.12%
- 1M
- -1.03%
- YTD
- -1.30%
- 6M
- -1.19%
- 1Y
- 0.13%
- 3Y*
- 9.89%
- 5Y*
- 2.45%
- 10Y*
- 7.32%
PDIIX vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDIIX PIMCO Diversified Income Fund | 1.54% | 10.42% | 6.35% | 10.41% | -14.70% | 0.42% | 6.43% | 13.05% | -0.97% | 8.87% |
PDI PIMCO Dynamic Income Fund | -1.30% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between PDIIX and PDI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.32 |
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Return for Risk
PDIIX vs. PDI — Risk / Return Rank
PDIIX
PDI
PDIIX vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Diversified Income Fund (PDIIX) and PIMCO Dynamic Income Fund (PDI). 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.
| PDIIX | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.01 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.01 | +2.41 |
| Martin ratioReturn relative to average drawdown | 9.85 | 0.02 | +9.83 |
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Drawdowns
PDIIX vs. PDI - Drawdown Comparison
The maximum PDIIX drawdown since its inception was -21.96%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for PDIIX and PDI.
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Drawdown Indicators
| PDIIX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -46.47% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -10.95% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -17.55% | +13.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -27.19% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | -46.47% | +25.97% |
Current DrawdownCurrent decline from peak | -0.40% | -9.01% | +8.61% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -6.22% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 5.24% | -4.37% |
Volatility
PDIIX vs. PDI - Volatility Comparison
The current volatility for PIMCO Diversified Income Fund (PDIIX) is 1.18%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 2.87%. This indicates that PDIIX experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDIIX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 2.87% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 8.49% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 11.43% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 15.56% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 19.05% | -14.16% |
Dividends
PDIIX vs. PDI - Dividend Comparison
PDIIX's dividend yield for the trailing twelve months is around 5.52%, less than PDI's 16.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.31% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
PDIIX PIMCO Diversified Income Fund | 5.52% | 5.42% | 5.18% | 4.66% | 3.91% | 3.65% | 3.68% | 5.04% | 4.46% | 4.84% | 4.94% | 7.68% |
Frequently Asked Questions
PDIIX and PDI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (2.87%) compared to PDIIX (1.18%). In terms of maximum drawdown, PDIIX dropped -21.96% vs PDI's -46.47%.
PDIIX currently has the higher Sharpe Ratio (2.21 vs 0.01), 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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