PTY vs. FITBI

Last updated Jul 14, 2026

PTY (PIMCO Corporate & Income Opportunity Fund) is Corporate Bonds fund managed by PIMCO, while FITBI (Fifth Third Bancorp) is a stock. At a 0.34 correlation, their price movements are largely independent.

Performance

PTY vs. FITBI - Performance Comparison

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

Returns By Period

PTY

• 1D: -0.26%
• 1M: 2.80%
• 6M: -3.18%
• YTD: -1.00%
• 1Y: -3.54%
• 3Y*: 6.02%
• 5Y*: -0.18%
• 10Y*: 8.61%

FITBI

• 1D: 0.00%
• 1M: 1.92%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTY vs. FITBI - Yearly Performance Comparison

	2026 (YTD)
PTY PIMCO Corporate & Income Opportunity Fund	3.06%
FITBI Fifth Third Bancorp	1.92%

Correlation

The correlation between PTY and FITBI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2026	0.34

Return for Risk

PTY vs. FITBI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTY

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

FITBI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FITBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Fifth Third Bancorp (FITBI). 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.

	PTY	FITBI	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	—	—
Sortino ratio: Return per unit of downside risk	-0.36	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.23	—	—
Martin ratio: Return relative to average drawdown	-0.42	—	—

Drawdowns

PTY vs. FITBI - Drawdown Comparison

The maximum PTY drawdown since its inception was -60.86%, which is greater than FITBI's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PTY and FITBI.

Drawdown Indicators

	PTY	FITBI	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	0.00%	-60.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.04%	—	—
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	-10.15%	0.00%	-10.15%
Average Drawdown Average peak-to-trough decline	-8.62%	0.00%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.46%	—	—

Volatility

Volatility by Period

	PTY	FITBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.02%	6.83%	+4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	6.83%	+10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	6.83%	+14.35%

Dividends

PTY vs. FITBI - Dividend Comparison

PTY's dividend yield for the trailing twelve months is around 11.94%, more than FITBI's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITBI Fifth Third Bancorp	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PTY PIMCO Corporate & Income Opportunity Fund	11.94%	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 PTY and FITBI in my portfolio?

PTY and FITBI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.