Correlation
The correlation between PHK and VTIP is 0.07, 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.
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.
Performance
PHK vs. VTIP - Performance Comparison
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Key characteristics
PHK:
1.08
VTIP:
3.36
PHK:
1.35
VTIP:
5.08
PHK:
1.26
VTIP:
1.75
PHK:
1.21
VTIP:
6.99
PHK:
6.25
VTIP:
20.77
PHK:
1.85%
VTIP:
0.33%
PHK:
11.22%
VTIP:
2.04%
PHK:
-75.29%
VTIP:
-6.27%
PHK:
-1.05%
VTIP:
-0.38%
Returns By Period
In the year-to-date period, PHK achieves a 2.74% return, which is significantly lower than VTIP's 3.51% return. Over the past 10 years, PHK has underperformed VTIP with an annualized return of 2.61%, while VTIP has yielded a comparatively higher 2.85% annualized return.
PHK
2.74%
0.58%
0.42%
10.89%
5.62%
8.82%
2.61%
VTIP
3.51%
-0.22%
3.40%
6.58%
3.41%
3.88%
2.85%
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Risk-Adjusted Performance
PHK vs. VTIP — Risk-Adjusted Performance Rank
PHK
VTIP
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.
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Dividends
PHK vs. VTIP - Dividend Comparison
PHK's dividend yield for the trailing twelve months is around 12.13%, more than VTIP's 2.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHK PIMCO High Income Fund | 12.13% | 11.85% | 12.51% | 12.18% | 9.37% | 10.62% | 10.57% | 12.09% | 13.29% | 13.54% | 16.98% | 13.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.76% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
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.
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Volatility
PHK vs. VTIP - Volatility Comparison
PIMCO High Income Fund (PHK) has a higher volatility of 1.81% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.80%. 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.
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