PIGIX vs. PTY
PIGIX (PIMCO Investment Grade Credit Bond Fund) and PTY (PIMCO Corporate & Income Opportunity Fund) are both Corporate Bonds funds from PIMCO. Over the past 10 years, PIGIX returned 2.53%/yr vs 8.49%/yr for PTY. At a 0.13 correlation, their price movements are largely independent. PIGIX charges 0.51%/yr vs 1.19%/yr for PTY.
Performance
PIGIX vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, PIGIX achieves a -0.30% return, which is significantly higher than PTY's -2.08% return. Over the past 10 years, PIGIX has underperformed PTY with an annualized return of 2.53%, while PTY has yielded a comparatively higher 8.49% annualized return.
PIGIX
- 1D
- -0.44%
- 1M
- -0.80%
- 6M
- -0.52%
- YTD
- -0.30%
- 1Y
- 4.52%
- 3Y*
- 5.14%
- 5Y*
- -0.00%
- 10Y*
- 2.53%
PTY
- 1D
- -1.09%
- 1M
- 1.68%
- 6M
- -4.22%
- YTD
- -2.08%
- 1Y
- -4.52%
- 3Y*
- 5.64%
- 5Y*
- -0.28%
- 10Y*
- 8.49%
PIGIX vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | -0.30% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
PTY PIMCO Corporate & Income Opportunity Fund | -2.08% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
Correlation
The correlation between PIGIX and PTY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.13 |
The correlation between PIGIX and PTY shifts across timeframes, from 0.13 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PIGIX vs. PTY — Risk / Return Rank
PIGIX
PTY
PIGIX vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) 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.
| PIGIX | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.93 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.29 | +1.41 |
| Martin ratioReturn relative to average drawdown | 3.45 | -0.53 | +3.98 |
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Drawdowns
PIGIX vs. PTY - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -23.09%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for PIGIX and PTY.
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Drawdown Indicators
| PIGIX | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -60.86% | +37.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -15.44% | +11.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -16.04% | +9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -41.38% | +18.29% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -46.55% | +23.46% |
Current DrawdownCurrent decline from peak | -2.14% | -11.13% | +8.99% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -8.62% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 8.48% | -7.20% |
Volatility
PIGIX vs. PTY - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund (PIGIX) is 1.43%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 2.72%. This indicates that PIGIX 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
| PIGIX | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.72% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 7.59% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 11.05% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 17.25% | -10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 21.19% | -15.37% |
PIGIX vs. PTY - Expense Ratio Comparison
PIGIX has a 0.51% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
PIGIX vs. PTY - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.96%, less than PTY's 12.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.96% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.07% | 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
PIGIX and PTY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.72%) compared to PIGIX (1.43%). In terms of maximum drawdown, PIGIX dropped -23.09% vs PTY's -60.86%.
PIGIX currently has the higher Sharpe Ratio (0.95 vs -0.41), 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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