PFINX vs. PTY
PFINX (PIMCO Preferred and Capital Securities Fund) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - PFINX is a Preferred Stock/Convertible Bonds fund managed by PIMCO, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, PFINX returned 6.02%/yr vs 8.61%/yr for PTY. At a 0.32 correlation, their price movements are largely independent. PFINX charges 0.79%/yr vs 1.19%/yr for PTY.
Performance
PFINX vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, PFINX achieves a 2.44% return, which is significantly higher than PTY's -1.00% return. Over the past 10 years, PFINX has underperformed PTY with an annualized return of 6.02%, while PTY has yielded a comparatively higher 8.61% annualized return.
PFINX
- 1D
- 0.10%
- 1M
- 0.41%
- 6M
- 2.12%
- YTD
- 2.44%
- 1Y
- 7.04%
- 3Y*
- 10.51%
- 5Y*
- 2.97%
- 10Y*
- 6.02%
PTY
- 1D
- -0.26%
- 1M
- 2.80%
- 6M
- -3.18%
- YTD
- -1.00%
- 1Y
- -3.54%
- 3Y*
- 6.02%
- 5Y*
- -0.18%
- 10Y*
- 8.61%
PFINX vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFINX PIMCO Preferred and Capital Securities Fund | 2.44% | 8.73% | 10.84% | 7.03% | -12.82% | 4.61% | 6.73% | 20.78% | -4.17% | 13.28% |
PTY PIMCO Corporate & Income Opportunity Fund | -1.00% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
Correlation
The correlation between PFINX and PTY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015 | 0.32 |
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Return for Risk
PFINX vs. PTY — Risk / Return Rank
PFINX
PTY
PFINX vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred and Capital Securities Fund (PFINX) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.
| PFINX | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.95 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.23 | +2.46 |
| Martin ratioReturn relative to average drawdown | 8.94 | -0.42 | +9.36 |
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Drawdowns
PFINX vs. PTY - Drawdown Comparison
The maximum PFINX drawdown since its inception was -23.93%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for PFINX and PTY.
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Drawdown Indicators
| PFINX | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -60.86% | +36.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -15.44% | +12.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.93% | -16.04% | +12.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.11% | -41.38% | +19.27% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -46.55% | +22.62% |
Current DrawdownCurrent decline from peak | -0.31% | -10.15% | +9.84% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -8.62% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 8.46% | -7.69% |
Volatility
PFINX vs. PTY - Volatility Comparison
The current volatility for PIMCO Preferred and Capital Securities Fund (PFINX) is 0.62%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 2.42%. This indicates that PFINX experiences smaller price fluctuations and is considered to be less risky than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFINX | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 2.42% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 7.51% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 11.02% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.53% | 17.25% | -11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 21.18% | -15.09% |
PFINX vs. PTY - Expense Ratio Comparison
PFINX has a 0.79% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
PFINX vs. PTY - Dividend Comparison
PFINX's dividend yield for the trailing twelve months is around 3.87%, less than PTY's 11.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFINX PIMCO Preferred and Capital Securities Fund | 3.87% | 3.74% | 5.30% | 6.26% | 8.54% | 5.79% | 3.06% | 6.40% | 6.43% | 7.08% | 6.19% | 2.34% |
PTY PIMCO Corporate & Income Opportunity Fund | 11.94% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
PFINX and PTY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.42%) compared to PFINX (0.62%). In terms of maximum drawdown, PFINX dropped -23.93% vs PTY's -60.86%.
PFINX currently has the higher Sharpe Ratio (2.10 vs -0.32), 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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