PDO vs. AGNC

Last updated Jun 20, 2026

PDO (Pimco Dynamic Income Opportunities Fund) and AGNC (AGNC Investment Corp.) are both stocks. PDO operates in Asset Management (Financial Services), while AGNC operates in REIT - Mortgage (Real Estate). Over the past 5 years, PDO returned 2.59%/yr vs 4.24%/yr for AGNC. At a 0.35 correlation, their price movements are largely independent.

Performance

PDO vs. AGNC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pimco Dynamic Income Opportunities Fund (PDO) and AGNC Investment Corp. (AGNC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDO achieves a -0.80% return, which is significantly lower than AGNC's 2.35% return.

PDO

• 1D: 0.78%
• 1M: 1.70%
• YTD: -0.80%
• 6M: -0.80%
• 1Y: 8.78%
• 3Y*: 12.12%
• 5Y*: 2.59%
• 10Y*: —

AGNC

• 1D: 0.78%
• 1M: 2.43%
• YTD: 2.35%
• 6M: 4.08%
• 1Y: 28.97%
• 3Y*: 16.54%
• 5Y*: 4.24%
• 10Y*: 6.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PDO vs. AGNC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PDO Pimco Dynamic Income Opportunities Fund	-0.80%	13.96%	24.55%	8.06%	-23.40%	5.98%
AGNC AGNC Investment Corp.	2.35%	34.92%	8.90%	10.14%	-21.65%	1.55%

Correlation

The correlation between PDO and AGNC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.35

Return for Risk

PDO vs. AGNC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDO

PDO Risk / Return Rank: 64
PDO Sharpe Ratio Rank: 69
PDO Sortino Ratio Rank: 61
PDO Omega Ratio Rank: 66
PDO Calmar Ratio Rank: 59
PDO Martin Ratio Rank: 66

AGNC

AGNC Risk / Return Rank: 76
AGNC Sharpe Ratio Rank: 82
AGNC Sortino Ratio Rank: 78
AGNC Omega Ratio Rank: 76
AGNC Calmar Ratio Rank: 71
AGNC Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDO vs. AGNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pimco Dynamic Income Opportunities Fund (PDO) and AGNC Investment Corp. (AGNC). 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.

	PDO	AGNC	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.49	-0.63
Sortino ratio: Return per unit of downside risk	1.23	2.08	-0.85
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	0.79	1.56	-0.77
Martin ratio: Return relative to average drawdown	2.71	4.44	-1.73

PDO vs. AGNC - Sharpe Ratio Comparison

The current PDO Sharpe Ratio is 0.86, which is lower than the AGNC Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of PDO and AGNC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDO vs. AGNC - Drawdown Comparison

The maximum PDO drawdown since its inception was -36.83%, smaller than the maximum AGNC drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for PDO and AGNC.

Drawdown Indicators

	PDO	AGNC	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-54.56%	+17.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-18.71%	+7.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-31.04%	+14.49%
Max Drawdown (5Y) Largest decline over 5 years	-36.83%	-50.65%	+13.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.56%	—
Current Drawdown Current decline from peak	-4.65%	-9.85%	+5.20%
Average Drawdown Average peak-to-trough decline	-14.34%	-13.56%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	6.54%	-3.29%

Volatility

PDO vs. AGNC - Volatility Comparison

The current volatility for Pimco Dynamic Income Opportunities Fund (PDO) is 4.03%, while AGNC Investment Corp. (AGNC) has a volatility of 5.55%. This indicates that PDO experiences smaller price fluctuations and is considered to be less risky than AGNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDO	AGNC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	5.55%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	16.28%	-6.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	19.58%	-9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	25.74%	-9.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	25.41%	-9.87%

Dividends

PDO vs. AGNC - Dividend Comparison

PDO's dividend yield for the trailing twelve months is around 11.83%, less than AGNC's 13.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGNC AGNC Investment Corp.	13.87%	13.43%	15.64%	14.68%	13.91%	9.57%	10.00%	11.31%	12.31%	10.70%	12.69%	14.30%
PDO Pimco Dynamic Income Opportunities Fund	11.83%	11.09%	11.29%	12.54%	19.09%	8.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PDO and AGNC in my portfolio?

PDO and AGNC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDO or AGNC?

AGNC has higher volatility (5.55%) compared to PDO (4.03%). In terms of maximum drawdown, PDO dropped -36.83% vs AGNC's -54.56%.

Which has better risk-adjusted returns?

AGNC currently has the higher Sharpe Ratio (1.49 vs 0.86), 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.