PDO vs. VTIP
Compare and contrast key facts about Pimco Dynamic Income Opportunities Fund (PDO) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDO or VTIP.
Key characteristics
| PDO | VTIP | |
|---|---|---|
| YTD Return | 23.23% | 4.46% |
| 1Y Return | 32.43% | 7.00% |
| 3Y Return (Ann) | -0.29% | 2.13% |
| Sharpe Ratio | 2.96 | 3.24 |
| Sortino Ratio | 4.16 | 5.79 |
| Omega Ratio | 1.58 | 1.76 |
| Calmar Ratio | 0.99 | 4.06 |
| Martin Ratio | 20.06 | 27.03 |
| Ulcer Index | 1.62% | 0.26% |
| Daily Std Dev | 10.97% | 2.16% |
| Max Drawdown | -37.34% | -6.27% |
| Current Drawdown | -9.58% | -0.55% |
Correlation
The correlation between PDO and VTIP is 0.16, 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
PDO vs. VTIP - Performance Comparison
In the year-to-date period, PDO achieves a 23.23% return, which is significantly higher than VTIP's 4.46% 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
PDO vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pimco Dynamic Income Opportunities Fund (PDO) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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
PDO vs. VTIP - Dividend Comparison
PDO's dividend yield for the trailing twelve months is around 11.21%, more than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDO Pimco Dynamic Income Opportunities Fund | 11.21% | 12.55% | 19.08% | 8.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
PDO vs. VTIP - Drawdown Comparison
The maximum PDO drawdown since its inception was -37.34%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for PDO and VTIP. For additional features, visit the drawdowns tool.
Volatility
PDO vs. VTIP - Volatility Comparison
Pimco Dynamic Income Opportunities Fund (PDO) has a higher volatility of 4.06% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.44%. This indicates that PDO's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.