PHK vs. ET
PHK (PIMCO High Income Fund) and ET (Energy Transfer LP) are both stocks. PHK operates in Asset Management (Financial Services), while ET operates in Oil & Gas Midstream (Energy). Over the past 10 years, PHK returned 4.02%/yr vs 13.14%/yr for ET. At a 0.25 correlation, their price movements are largely independent.
Performance
PHK vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, PHK achieves a -0.93% return, which is significantly lower than ET's 19.85% return. Over the past 10 years, PHK has underperformed ET with an annualized return of 4.02%, while ET has yielded a comparatively higher 13.14% annualized return.
PHK
- 1D
- 0.44%
- 1M
- 0.19%
- YTD
- -0.93%
- 6M
- -0.31%
- 1Y
- 7.06%
- 3Y*
- 11.12%
- 5Y*
- 2.84%
- 10Y*
- 4.02%
ET
- 1D
- 1.65%
- 1M
- -5.12%
- YTD
- 19.85%
- 6M
- 19.34%
- 1Y
- 11.35%
- 3Y*
- 24.04%
- 5Y*
- 20.15%
- 10Y*
- 13.14%
PHK vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHK PIMCO High Income Fund | -0.93% | 12.63% | 9.46% | 18.84% | -14.41% | 10.97% | -10.10% | 3.44% | 20.86% | -8.66% |
ET Energy Transfer LP | 19.85% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between PHK and ET is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.25 |
The correlation between PHK and ET shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PHK:
$793.52M
ET:
$65.93B
PHK:
$1.07
ET:
$1.36
PHK:
4.24
ET:
14.01
PHK:
4.80
ET:
0.76
PHK:
0.94
ET:
1.33
PHK:
$167.83M
ET:
$89.38B
PHK:
$163.06M
ET:
$20.48B
PHK:
$88.91M
ET:
$13.02B
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Return for Risk
PHK vs. ET — Risk / Return Rank
PHK
ET
PHK vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Income Fund (PHK) and Energy Transfer LP (ET). 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.
| PHK | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.22 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.60 | 2.70 | -0.10 |
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Drawdowns
PHK vs. ET - Drawdown Comparison
The maximum PHK drawdown since its inception was -75.29%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for PHK and ET.
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Drawdown Indicators
| PHK | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.29% | -87.81% | +12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -9.38% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -24.56% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.76% | -25.82% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | -72.82% | +21.52% |
Current DrawdownCurrent decline from peak | -4.41% | -6.47% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -25.72% | +15.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 4.65% | -1.93% |
Volatility
PHK vs. ET - Volatility Comparison
The current volatility for PIMCO High Income Fund (PHK) is 3.16%, while Energy Transfer LP (ET) has a volatility of 5.08%. This indicates that PHK experiences smaller price fluctuations and is considered to be less risky than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHK | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 5.08% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 12.03% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 16.13% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 24.86% | -10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 34.99% | -14.44% |
Dividends
PHK vs. ET - Dividend Comparison
PHK's dividend yield for the trailing twelve months is around 12.72%, more than ET's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.00% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
PHK PIMCO High Income Fund | 12.72% | 11.85% | 11.85% | 11.54% | 12.18% | 9.37% | 10.62% | 10.57% | 12.09% | 13.29% | 13.54% | 16.98% |
Financials
PHK vs. ET - Financials Comparison
This section allows you to compare key financial metrics between PIMCO High Income Fund and Energy Transfer LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PHK and ET have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ET has higher volatility (5.08%) compared to PHK (3.16%). In terms of maximum drawdown, PHK dropped -75.29% vs ET's -87.81%.
ET currently has the higher Sharpe Ratio (0.71 vs 0.64), 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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