PTTPX vs. PTY

Last updated Aug 1, 2026

PTTPX (PIMCO Total Return Fund Class I-2) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - PTTPX is a Total Bond Market fund actively managed by PIMCO, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, PTTPX returned 1.85%/yr vs 8.05%/yr for PTY. Their 0.11 correlation means their historical movements had little consistent relationship. PTTPX charges 0.63%/yr vs 1.19%/yr for PTY.

Performance

PTTPX vs. PTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Total Return Fund Class I-2 (PTTPX) and PIMCO Corporate & Income Opportunity Fund (PTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTTPX achieves a -0.50% return, which is significantly higher than PTY's -2.91% return. Over the past 10 years, PTTPX has underperformed PTY with an annualized return of 1.85%, while PTY has yielded a comparatively higher 8.05% annualized return.

PTTPX

• 1D: 0.00%
• 1M: -1.37%
• 6M: -0.84%
• YTD: -0.50%
• 1Y: 3.09%
• 3Y*: 4.77%
• 5Y*: -0.10%
• 10Y*: 1.85%
• ALL TIME*: 3.43%

PTY

• 1D: -0.26%
• 1M: -2.10%
• 6M: -4.67%
• YTD: -2.91%
• 1Y: -6.48%
• 3Y*: 3.48%
• 5Y*: -0.85%
• 10Y*: 8.05%
• ALL TIME*: 10.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTTPX PIMCO Total Return Fund Class I-2	$0.00	$0.00	$0.00
PTY PIMCO Corporate & Income Opportunity Fund	$11.02M	$11.88M	$12.18M

PTTPX vs. PTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTTPX PIMCO Total Return Fund Class I-2	-0.50%	9.24%	2.51%	5.47%	-14.80%	-0.70%	8.78%	8.26%	-0.35%	5.03%
PTY PIMCO Corporate & Income Opportunity Fund	-2.91%	-0.51%	19.87%	22.56%	-18.71%	0.40%	3.24%	35.36%	2.49%	26.63%

Correlation

The correlation between PTTPX and PTY is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.27
Correlation (10Y) Provides a long-term view across more market conditions.	0.13
Correlation (All Time) Calculated using the full available price history since May 23, 2008	0.11

Over the past year, PTTPX and PTY have become more correlated (0.36) than their long-term average of 0.11, meaning their price movements have been converging.

Return for Risk

PTTPX vs. PTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTTPX

PTTPX Risk / Return Rank: 26
PTTPX Sharpe Ratio Rank: 28
PTTPX Sortino Ratio Rank: 28
PTTPX Omega Ratio Rank: 27
PTTPX Calmar Ratio Rank: 26
PTTPX Martin Ratio Rank: 22

PTY

PTY Risk / Return Rank: 1
PTY Sharpe Ratio Rank: 1
PTY Sortino Ratio Rank: 1
PTY Omega Ratio Rank: 1
PTY Calmar Ratio Rank: 2
PTY Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTTPX vs. PTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Class I-2 (PTTPX) 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.

	PTTPX	PTY	Difference
Sharpe ratio: Return per unit of total volatility	0.98	-0.55	+1.54
Sortino ratio: Return per unit of downside risk	1.43	-0.68	+2.11
Omega ratio: Gain probability vs. loss probability	1.18	0.90	+0.27
Calmar ratio: Return relative to maximum drawdown	1.21	-0.40	+1.61
Martin ratio: Return relative to average drawdown	3.21	-0.70	+3.91

PTTPX vs. PTY - Sharpe Ratio Comparison

The current PTTPX Sharpe Ratio is 0.98, which is higher than the PTY Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of PTTPX and PTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTTPX vs. PTY - Drawdown Comparison

The maximum PTTPX drawdown since its inception was -19.36%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for PTTPX and PTY.

Drawdown Indicators

	PTTPX	PTY	Difference
Max Drawdown Largest peak-to-trough decline	-19.36%	-60.86%	+41.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	-15.44%	+11.74%
Max Drawdown (3Y) Largest decline over 3 years	-5.39%	-15.53%	+10.14%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-41.38%	+22.02%
Max Drawdown (10Y) Largest decline over 10 years	-19.36%	-46.55%	+27.19%
Current Drawdown Current decline from peak	-2.59%	-11.88%	+9.29%
Average Drawdown Average peak-to-trough decline	-3.15%	-8.63%	+5.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	8.89%	-7.50%

Volatility

PTTPX vs. PTY - Volatility Comparison

The current volatility for PIMCO Total Return Fund Class I-2 (PTTPX) is 1.22%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 2.54%. This indicates that PTTPX 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.

Volatility by Period

	PTTPX	PTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	2.54%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	3.76%	7.87%	-4.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.58%	11.25%	-6.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	17.24%	-10.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	21.18%	-15.96%

PTTPX vs. PTY - Expense Ratio Comparison

PTTPX has a 0.63% expense ratio, which is lower than PTY's 1.19% expense ratio.

Dividends

PTTPX vs. PTY - Dividend Comparison

PTTPX's dividend yield for the trailing twelve months is around 4.17%, less than PTY's 12.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTTPX PIMCO Total Return Fund Class I-2	4.17%	4.37%	4.51%	3.04%	3.53%	2.48%	6.01%	3.87%	3.02%	2.53%	2.92%	6.54%
PTY PIMCO Corporate & Income Opportunity Fund	12.17%	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

Can I hold both PTTPX and PTY in my portfolio?

PTTPX and PTY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTTPX or PTY?

PTY has higher volatility (2.54%) compared to PTTPX (1.22%). In terms of maximum drawdown, PTTPX dropped -19.36% vs PTY's -60.86%.

Which has better risk-adjusted returns?

PTTPX currently has the higher Sharpe Ratio (0.98 vs -0.55), 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.