Correlation
The correlation between PQIPX and SRLN is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PQIPX vs. SRLN
Compare and contrast key facts about PIMCO Dividend and Income Fund (PQIPX) and SPDR Blackstone Senior Loan ETF (SRLN).
PQIPX is managed by PIMCO. It was launched on Dec 13, 2011. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQIPX or SRLN.
Performance
PQIPX vs. SRLN - Performance Comparison
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Key characteristics
PQIPX:
1.51
SRLN:
1.70
PQIPX:
1.88
SRLN:
2.51
PQIPX:
1.28
SRLN:
1.53
PQIPX:
1.55
SRLN:
1.56
PQIPX:
7.42
SRLN:
9.45
PQIPX:
1.44%
SRLN:
0.70%
PQIPX:
7.95%
SRLN:
3.88%
PQIPX:
-33.13%
SRLN:
-22.29%
PQIPX:
-0.60%
SRLN:
-0.02%
Returns By Period
In the year-to-date period, PQIPX achieves a 6.65% return, which is significantly higher than SRLN's 1.53% return. Over the past 10 years, PQIPX has outperformed SRLN with an annualized return of 5.07%, while SRLN has yielded a comparatively lower 3.84% annualized return.
PQIPX
6.65%
1.53%
4.62%
11.61%
8.93%
12.61%
5.07%
SRLN
1.53%
1.84%
2.25%
6.54%
6.58%
5.80%
3.84%
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PQIPX vs. SRLN - Expense Ratio Comparison
PQIPX has a 0.81% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
PQIPX vs. SRLN — Risk-Adjusted Performance Rank
PQIPX
SRLN
PQIPX vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dividend and Income Fund (PQIPX) and SPDR Blackstone Senior Loan ETF (SRLN). 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
PQIPX vs. SRLN - Dividend Comparison
PQIPX's dividend yield for the trailing twelve months is around 4.88%, less than SRLN's 8.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIPX PIMCO Dividend and Income Fund | 4.88% | 5.12% | 4.49% | 5.51% | 3.96% | 2.68% | 3.80% | 3.74% | 2.70% | 3.46% | 12.20% | 6.75% |
SRLN SPDR Blackstone Senior Loan ETF | 8.26% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% |
Drawdowns
PQIPX vs. SRLN - Drawdown Comparison
The maximum PQIPX drawdown since its inception was -33.13%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for PQIPX and SRLN.
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Volatility
PQIPX vs. SRLN - Volatility Comparison
PIMCO Dividend and Income Fund (PQIPX) has a higher volatility of 1.64% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.84%. This indicates that PQIPX's price experiences larger fluctuations and is considered to be riskier than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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