PSLDX vs. SPY
Compare and contrast key facts about PIMCO StocksPLUS Long Duration Fund Class I (PSLDX) and SPDR S&P 500 ETF (SPY).
PSLDX is managed by PIMCO. It was launched on Aug 31, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSLDX or SPY.
Key characteristics
| PSLDX | SPY | |
|---|---|---|
| YTD Return | -1.56% | 5.94% |
| 1Y Return | 11.95% | 22.56% |
| 3Y Return (Ann) | -4.48% | 7.95% |
| 5Y Return (Ann) | 8.73% | 13.35% |
| 10Y Return (Ann) | 12.07% | 12.34% |
| Sharpe Ratio | 0.46 | 1.93 |
| Daily Std Dev | 20.91% | 11.63% |
| Max Drawdown | -79.57% | -55.19% |
| Current Drawdown | -28.91% | -4.05% |
Correlation
The correlation between PSLDX and SPY is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSLDX vs. SPY - Performance Comparison
In the year-to-date period, PSLDX achieves a -1.56% return, which is significantly lower than SPY's 5.94% return. Both investments have delivered pretty close results over the past 10 years, with PSLDX having a 12.07% annualized return and SPY not far ahead at 12.34%. 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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PSLDX vs. SPY - Expense Ratio Comparison
PSLDX has a 0.61% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PSLDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS Long Duration Fund Class I (PSLDX) and SPDR S&P 500 ETF (SPY). 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
PSLDX vs. SPY - Dividend Comparison
PSLDX's dividend yield for the trailing twelve months is around 8.55%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSLDX PIMCO StocksPLUS Long Duration Fund Class I | 8.55% | 3.67% | 2.66% | 38.80% | 11.13% | 14.09% | 15.58% | 24.52% | 11.54% | 12.08% | 23.01% | 43.03% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PSLDX vs. SPY - Drawdown Comparison
The maximum PSLDX drawdown since its inception was -79.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PSLDX and SPY. For additional features, visit the drawdowns tool.
Volatility
PSLDX vs. SPY - Volatility Comparison
PIMCO StocksPLUS Long Duration Fund Class I (PSLDX) has a higher volatility of 5.82% compared to SPDR S&P 500 ETF (SPY) at 3.91%. This indicates that PSLDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.