PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PTY vs. BINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTY vs. BINC

Last updated Jun 9, 2026

PTY (PIMCO Corporate & Income Opportunity Fund) and BINC (iShares Flexible Income Active ETF) are both funds - PTY is a Corporate Bonds fund managed by FPA, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, PTY returned 6.93%/yr vs 6.84%/yr for BINC. At a 0.34 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.40%/yr for BINC.

Performance

PTY vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Corporate & Income Opportunity Fund (PTY) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PTY achieves a -3.69% return, which is significantly lower than BINC's 0.61% return.

PTY

1D
0.00%
1M
-2.72%
YTD
-3.69%
6M
-4.44%
1Y
-4.39%
3Y*
6.93%
5Y*
-0.64%
10Y*
8.37%

BINC

1D
-0.12%
1M
-0.31%
YTD
0.61%
6M
1.20%
1Y
5.51%
3Y*
6.84%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTY vs. BINC - Yearly Performance Comparison

2026 (YTD)202520242023
PTY
PIMCO Corporate & Income Opportunity Fund		-3.69%-0.51%19.87%11.50%
BINC
iShares Flexible Income Active ETF		0.61%7.57%5.76%7.12%

Correlation

The correlation between PTY and BINC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (All Time)
Calculated using the full available price history since May 23, 2023

0.34

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PIMCO Corporate & Income Opportunity Fund

iShares Flexible Income Active ETF

Often compared with PTY:
PTY vs. PDIPTY vs. PCNPTY vs. SCHDPTY vs. PFNPTY vs. JEPQPTY vs. SCYBPTY vs. JEPI
Often compared with BINC:
BINC vs. JPIEBINC vs. PYLDBINC vs. BNDBINC vs. JAAABINC vs. JEPIBINC vs. PONAXBINC vs. AGG

Return for Risk

PTY vs. BINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTY
PTY Risk / Return Rank: 22
Overall Rank
PTY Sharpe Ratio Rank: 11
Sharpe Ratio Rank
PTY Sortino Ratio Rank: 11
Sortino Ratio Rank
PTY Omega Ratio Rank: 11
Omega Ratio Rank
PTY Calmar Ratio Rank: 22
Calmar Ratio Rank
PTY Martin Ratio Rank: 22
Martin Ratio Rank
BINC
BINC Risk / Return Rank: 7171
Overall Rank
BINC Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
BINC Sortino Ratio Rank: 8686
Sortino Ratio Rank
BINC Omega Ratio Rank: 8686
Omega Ratio Rank
BINC Calmar Ratio Rank: 4646
Calmar Ratio Rank
BINC Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTY vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and iShares Flexible Income Active ETF (BINC). 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.

PTYBINCDifference
Sharpe ratioReturn per unit of total volatility
-0.41
2.43

-2.84

Sortino ratioReturn per unit of downside risk
-0.48
3.52

-4.00

Omega ratioGain probability vs. loss probability

0.93

1.48

-0.56

Calmar ratioReturn relative to maximum drawdown

-0.29

2.06

-2.34

Martin ratioReturn relative to average drawdown

-0.57

8.08

-8.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTY vs. BINC - Sharpe Ratio Comparison

The current PTY Sharpe Ratio is -0.41, which is lower than the BINC Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of PTY and BINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

PTYBINCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.41

2.43

-2.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.04

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

2.32

-1.86

Drawdowns

PTY vs. BINC - Drawdown Comparison

The maximum PTY drawdown since its inception was -60.86%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for PTY and BINC.

Loading charts...

Drawdown Indicators

PTYBINCDifference

Max Drawdown

Largest peak-to-trough decline

-60.86%

-2.69%

-58.17%

Max Drawdown (1Y)

Largest decline over 1 year

-15.44%

-2.69%

-12.75%

Max Drawdown (3Y)

Largest decline over 3 years

-16.04%

-2.69%

-13.35%

Max Drawdown (5Y)

Largest decline over 5 years

-41.38%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-46.55%

—

—

Current Drawdown

Current decline from peak

-12.59%

-0.77%

-11.82%

Average Drawdown

Average peak-to-trough decline

-8.61%

-0.36%

-8.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.72%

0.68%

+7.04%

Volatility

PTY vs. BINC - Volatility Comparison

PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.70% compared to iShares Flexible Income Active ETF (BINC) at 0.70%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PTYBINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.70%

0.70%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

7.49%

1.85%

+5.64%

Volatility (1Y)

Calculated over the trailing 1-year period

10.82%

2.28%

+8.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.40%

3.00%

+14.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.20%

3.00%

+18.20%

PTY vs. BINC - Expense Ratio Comparison

PTY has a 1.19% expense ratio, which is higher than BINC's 0.40% expense ratio.

Dividends

PTY vs. BINC - Dividend Comparison

PTY's dividend yield for the trailing twelve months is around 12.03%, more than BINC's 5.88% yield.

PositionTTM20252024202320222021202020192018201720162015
BINC
iShares Flexible Income Active ETF		5.88%5.86%6.14%3.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PTY
PIMCO Corporate & Income Opportunity Fund		12.03%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

PTY and BINC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PTY has higher volatility (2.70%) compared to BINC (0.70%). In terms of maximum drawdown, PTY dropped -60.86% vs BINC's -2.69%.

BINC currently has the higher Sharpe Ratio (2.43 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.

Portfolio Optimizer

Find the right allocation for PTY and BINC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer