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PTY vs. FRDM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTY vs. FRDM

Last updated Jun 13, 2026

PTY (PIMCO Corporate & Income Opportunity Fund) and FRDM (Freedom 100 Emerging Markets ETF) are both funds - PTY is a Corporate Bonds fund managed by PIMCO, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Over the past 5 years, PTY returned -0.75%/yr vs 18.68%/yr for FRDM. At a 0.33 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.49%/yr for FRDM.

Performance

PTY vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Corporate & Income Opportunity Fund (PTY) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PTY achieves a -3.70% return, which is significantly lower than FRDM's 40.13% return.

PTY

1D
0.26%
1M
-0.51%
YTD
-3.70%
6M
-3.85%
1Y
-4.11%
3Y*
7.73%
5Y*
-0.75%
10Y*
8.71%

FRDM

1D
0.49%
1M
9.04%
YTD
40.13%
6M
46.37%
1Y
87.32%
3Y*
34.29%
5Y*
18.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTY vs. FRDM - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PTY
PIMCO Corporate & Income Opportunity Fund		-3.70%-0.51%19.87%22.56%-18.71%0.40%3.24%11.37%
FRDM
Freedom 100 Emerging Markets ETF		40.13%61.27%1.70%22.77%-14.45%6.13%16.90%12.23%

Correlation

The correlation between PTY and FRDM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since May 23, 2019

0.33

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

Freedom 100 Emerging Markets ETF

Often compared with PTY:
PTY vs. PDIPTY vs. PCNPTY vs. SCHDPTY vs. PFNPTY vs. JEPQPTY vs. SCYBPTY vs. JEPI
Often compared with FRDM:
FRDM vs. SPYFRDM vs. EMDMFRDM vs. AVSEFRDM vs. EMXC.LFRDM vs. DAADXFRDM vs. DFAEFRDM vs. DEHP

Return for Risk

PTY vs. FRDM — 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: 22
Sharpe Ratio Rank
PTY Sortino Ratio Rank: 22
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
FRDM
FRDM Risk / Return Rank: 9292
Overall Rank
FRDM Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
FRDM Sortino Ratio Rank: 9090
Sortino Ratio Rank
FRDM Omega Ratio Rank: 9292
Omega Ratio Rank
FRDM Calmar Ratio Rank: 9191
Calmar Ratio Rank
FRDM Martin Ratio Rank: 9191
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. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Freedom 100 Emerging Markets ETF (FRDM). 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.

PTYFRDMDifference
Sharpe ratioReturn per unit of total volatility
-0.42
3.15

-3.57

Sortino ratioReturn per unit of downside risk
-0.50
3.68

-4.17

Omega ratioGain probability vs. loss probability

0.92

1.54

-0.62

Calmar ratioReturn relative to maximum drawdown

-0.29

5.02

-5.31

Martin ratioReturn relative to average drawdown

-0.57

19.36

-19.94

PTY vs. FRDM - Sharpe Ratio Comparison

The current PTY Sharpe Ratio is -0.42, which is lower than the FRDM Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of PTY and FRDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PTY vs. FRDM - Drawdown Comparison

The maximum PTY drawdown since its inception was -60.86%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for PTY and FRDM.

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Drawdown Indicators

PTYFRDMDifference

Max Drawdown

Largest peak-to-trough decline

-60.86%

-40.49%

-20.37%

Max Drawdown (1Y)

Largest decline over 1 year

-15.44%

-16.87%

+1.43%

Max Drawdown (3Y)

Largest decline over 3 years

-16.04%

-16.87%

+0.83%

Max Drawdown (5Y)

Largest decline over 5 years

-41.38%

-29.25%

-12.13%

Max Drawdown (10Y)

Largest decline over 10 years

-46.55%

—

—

Current Drawdown

Current decline from peak

-12.60%

-4.36%

-8.24%

Average Drawdown

Average peak-to-trough decline

-8.61%

-7.09%

-1.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.89%

4.37%

+3.52%

Volatility

PTY vs. FRDM - Volatility Comparison

The current volatility for PIMCO Corporate & Income Opportunity Fund (PTY) is 2.64%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 14.27%. This indicates that PTY experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTYFRDMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

14.27%

-11.63%

Volatility (6M)

Calculated over the trailing 6-month period

7.49%

24.39%

-16.90%

Volatility (1Y)

Calculated over the trailing 1-year period

10.80%

26.86%

-16.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.39%

21.35%

-3.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.19%

23.09%

-1.90%

PTY vs. FRDM - Expense Ratio Comparison

PTY has a 1.19% expense ratio, which is higher than FRDM's 0.49% expense ratio.

Dividends

PTY vs. FRDM - Dividend Comparison

PTY's dividend yield for the trailing twelve months is around 12.15%, more than FRDM's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
FRDM
Freedom 100 Emerging Markets ETF		1.56%2.26%2.53%2.66%2.72%2.17%1.11%1.07%0.00%0.00%0.00%0.00%
PTY
PIMCO Corporate & Income Opportunity Fund		12.15%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 FRDM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FRDM has higher volatility (14.27%) compared to PTY (2.64%). In terms of maximum drawdown, PTY dropped -60.86% vs FRDM's -40.49%.

FRDM currently has the higher Sharpe Ratio (3.15 vs -0.42), 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.

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