PHK vs. VTIP
Compare and contrast key facts about PIMCO High Income Fund (PHK) 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: PHK or VTIP.
Key characteristics
| PHK | VTIP | |
|---|---|---|
| YTD Return | 11.33% | 4.37% |
| 1Y Return | 26.10% | 6.48% |
| 3Y Return (Ann) | 3.91% | 2.10% |
| 5Y Return (Ann) | 2.27% | 3.51% |
| 10Y Return (Ann) | 2.72% | 2.38% |
| Sharpe Ratio | 2.69 | 3.16 |
| Sortino Ratio | 3.90 | 5.62 |
| Omega Ratio | 1.59 | 1.73 |
| Calmar Ratio | 1.49 | 4.45 |
| Martin Ratio | 19.34 | 25.76 |
| Ulcer Index | 1.50% | 0.27% |
| Daily Std Dev | 10.80% | 2.16% |
| Max Drawdown | -75.29% | -6.27% |
| Current Drawdown | -1.45% | -0.63% |
Correlation
The correlation between PHK and VTIP is 0.10, 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
PHK vs. VTIP - Performance Comparison
In the year-to-date period, PHK achieves a 11.33% return, which is significantly higher than VTIP's 4.37% return. Over the past 10 years, PHK has outperformed VTIP with an annualized return of 2.72%, while VTIP has yielded a comparatively lower 2.38% annualized 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
PHK vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Income Fund (PHK) 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
PHK vs. VTIP - Dividend Comparison
PHK's dividend yield for the trailing twelve months is around 11.54%, more than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHK PIMCO High Income Fund | 11.54% | 12.51% | 12.18% | 9.37% | 10.60% | 10.55% | 12.13% | 13.32% | 13.48% | 16.97% | 13.01% | 12.57% |
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
PHK vs. VTIP - Drawdown Comparison
The maximum PHK drawdown since its inception was -75.29%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for PHK and VTIP. For additional features, visit the drawdowns tool.
Volatility
PHK vs. VTIP - Volatility Comparison
PIMCO High Income Fund (PHK) has a higher volatility of 2.38% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.47%. This indicates that PHK'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.